NOT LISTED FOR SALE

616 N Pine St Ishpeming, MI 49849

Estimated Value: $281,000 - $339,000

-- Bed
-- Bath
5,200 Sq Ft
$59/Sq Ft Est. Value

Last Sold July 02, 2019

Last sale price $153,000 $29 Per Sq Ft

Est. 101% increase in value since last sale

Current estimated payment $2,002/month

31 Days on Market

Highlights

  • Fireplace
  • Hot Water Heating System
  • Laundry Facilities
  • Shed

About This Home

As of July 2019

Own a piece of history, while others help pay the mortgage. This classic home in Ishpeming is surrounded by other beautiful historic homes, with a birds-eye view of the outlying city. With much of the original floors throughout, crown-molding and ornate fireplace mantles in two of the living rooms, spacious high ceilings and a consistent rental history, this home is a perfect investment. This attractive 4-plex is approximately 5200 square feet situated on a double lot, with plenty of parking for everyone. The main floor and basement have updated windows, there is newer electrical throughout and a new boiler in 2009. There are two sets of coin-operated washer and dryers for tenant use and plenty of storage space in the dry basement for everyone. At this great price, you are getting a steal. Schedule your showing today.

Last Agent to Sell the Property

Adam Karki

RE/MAX 1ST REALTY License #UPAR Listed on: 04/22/2019

RE/MAX 1ST REALTY

Last Buyer's Agent

Adam Karki

RE/MAX 1ST REALTY License #UPAR Listed on: 04/22/2019

RE/MAX 1ST REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1880

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 100x110

Interior Spaces

  • 2-Story Property
  • Fireplace
  • Basement Fills Entire Space Under The House

Additional Features

  • Shed
  • Hot Water Heating System

Community Details

  • 4 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 52-51-250-090-00

Property Details

Home Type

Multi-Family

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Originating MLS: Upper Peninsula Assoc of Realtors
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Sub Structure Types: Shed
  • Total Tax Year: 2018
  • Year Built: 1880
  • Mail City: Ishpeming
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Fireplace: Yes
  • Basement: Yes
  • Basement Type: Full

Exterior Features

  • Construction: Aluminum
  • Roads: City/County

Utilities

  • Water: Public Water
  • Fuel Type: Electric, Natural Gas
  • Heating System: Hot Water
  • Sewer/Septic System: Public Sanitary

Condo/Co-op/Association

  • Community Amenities: Laundry Facility

Lot Info

  • Assessor Parcel Number: 52-51-250-090-00
  • Lot Dimensions: 100x110
  • Acreage: 0.25
  • Geo Subdivision: MI

Multi Family

  • Total Units: 4

Tax Info

  • Total Tax: Year: 2018

MLS Schools

  • School District: Ishpeming Public School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2019
Closed on
Jul 2, 2019
Sold by
Huard Paul L and Huard Charlotte
Bought by
Nine Properties Llc
Seller's Agent
Adam Karki
RE/MAX 1ST REALTY
Buyer's Agent
Adam Karki
RE/MAX 1ST REALTY
List Price
$165,000
Sold Price
$153,000
Premium/Discount to List
-$12,000
-7.27%
Current Estimated Value
$307,188

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$154,188
Avg. Annual Appreciation
11.34%
Original Mortgage
$260,088
Outstanding Balance
$228,697
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$78,491

Purchase Details

Closed on
May 4, 2004
Bought by
Huard Paul and Huard Charlotte
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Nine Properties Llc $315,000 --
Huard Paul $104,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nine Properties Llc $260,088
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/02/2019 07/02/19 Sold $153,000 -7.3% $29 / Sq Ft
05/23/2019 05/23/19 Pending -- -- --
04/22/2019 04/22/19 For Sale $165,000 -- $32 / Sq Ft
Source: Upper Peninsula Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,705 $152,000 $0 $0
2024 $46 $126,800 $0 $0
2023 $1,049 $113,100 $0 $0
2022 $6,379 $97,900 $0 $0
2021 $6,225 $96,750 $0 $0
2020 $6,265 $97,900 $0 $0
2019 $4,158 $97,550 $0 $0
2018 $4,042 $94,700 $0 $0
2017 $3,657 $80,650 $0 $0
2016 $3,557 $78,700 $0 $0
2015 -- $78,700 $0 $0
2014 -- $64,600 $0 $0
2012 -- $64,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Upper Peninsula Association of REALTORS®

MLS Number: 10072331

Upper Peninsula Association of REALTORS®

APN: 52-51-250-090-00