NOT LISTED FOR SALE

626 N 3rd St Ishpeming, MI 49849

Estimated Value: $189,000 - $292,000

4 Beds
2 Baths
2,668 Sq Ft
$87/Sq Ft Est. Value

Last Sold January 08, 2024

Last sale price $200,000 $75 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $1,415/month

20 Days on Market

About This Home

As of January 2024

This is a great opportunity to own a turnkey, impeccably maintained and updated income property within walking distance to the City of Ishpeming and The Heritage Trail, or just a short commute to Marquette/Lake Superior! Separate utilities, good off street parking, updated electric, with public transportation available. New roof three years ago; this would be a perfect set up for an owner occupied investment!

Last Agent to Sell the Property

Terry Huffman

RE/MAX 1ST REALTY License #UPAR Listed on: 09/13/2023

RE/MAX 1ST REALTY

Last Buyer's Agent

Melanie Oliver

NEXTHOME SUPERIOR LIVING License #UPAR-6501449944

NEXTHOME SUPERIOR LIVING

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1897

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 49x114

Parking

  • 3 Car Parking Spaces

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Basement Fills Entire Space Under The House
  • Oven or Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Porch

Utilities

  • Boiler Heating System
  • Separate Meters
  • Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 52-51-206-006-00

Property Details

Home Type

Multi-Family

Year Built

Built in 1897

Lot Details

0

Listing Details

  • Originating MLS: Upper Peninsula Assoc of Realtors
  • Class: MULTIFAMILY
  • Type: Duplex
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Styles: Conventional Frame
  • Total Tax Amount: 1980.5
  • Year Built: 1897
  • Mail City: Ishpeming
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Dryer, Range/Oven, Refrigerator, Washer
  • Basement: Yes
  • Basement Type: Full
  • Bedrooms: 4
  • Bathroom Description: First Flr Bath Lav/Half, Second Flr Bath Lav/Half
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Dining Kitchen: Pantry
  • Source of Sq Ft: Measured

Exterior Features

  • Construction: Vinyl Siding
  • Exterior Features: Porch, Street Lights
  • Frontage: 49
  • Foundation Type: Basement
  • Roads: Alley, City/County, Year Round

Garage/Parking

  • Parking: 3 Or More Spaces

Utilities

  • Water: Public Water
  • Water Heater: Gas
  • Cooling System: Ceiling Fan(s)
  • Fuel Type: Natural Gas
  • Heating System: Boiler
  • Separate Electric: Yes
  • Separate Gas: Yes
  • Separate Heat: Yes
  • Separate Water: Yes
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 52-51-206-006-00
  • Location: Main Street
  • Lot Dimensions: 49x114
  • Acreage: 0.13
  • Lot Description: Platted, Sidewalks
  • Zoning: Residential
  • Geo Subdivision: MI

Rental Info

  • Lease Information: Month-To-Month, Security Deposit

Tax Info

  • Summer Tax: Year: 2023, Amount: $1,283.75
  • Winter Tax: Year: 2022, Amount: $696.75
  • Total Tax: Amount: $1,980.50

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Ishpeming Public School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2023
Closed on
Jan 8, 2024
Sold by
Toth Sarah G
Bought by
626 N Third Street Llc
Seller's Agent
Terry Huffman
RE/MAX 1ST REALTY
Buyer's Agent
Melanie Oliver
NEXTHOME SUPERIOR LIVING
List Price
$199,000
Sold Price
$200,000
Premium/Discount to List
$1,000
0.5%
Views
103
Current Estimated Value
$232,450

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,450
Avg. Annual Appreciation
7.89%
Original Mortgage
$101,780
Outstanding Balance
$100,088
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$132,362

Purchase Details

Closed on
May 19, 2004
Bought by
Rabe Bradley and Sarah Toth
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
626 N Third Street Llc $200,000 None Listed On Document
Rabe Bradley $39,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 626 N Third Street Llc $101,780
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/08/2024 01/08/24 Sold $200,000 +0.5% $75 / Sq Ft
09/13/2023 09/13/23 For Sale $199,000 -- $75 / 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 $2,361 $57,000 $0 $0
2024 $13 $56,500 $0 $0
2023 $309 $46,250 $0 $0
2022 $1,877 $30,150 $0 $0
2021 $1,831 $31,450 $0 $0
2020 $1,797 $30,150 $0 $0
2019 $1,766 $27,550 $0 $0
2018 $1,741 $27,800 $0 $0
2017 $1,696 $27,750 $0 $0
2016 $1,652 $26,400 $0 $0
2015 -- $26,400 $0 $0
2014 -- $27,600 $0 $0
2012 -- $26,950 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Terry Huffman

    Seller's Agent in 2024

    Terry Huffman

    RE/MAX 1ST REALTY

    (906) 360-8258

    12 in this area

    252 Total Sales

    Terry Huffman
    Section Image

  • M

    Buyer's Agent in 2024

    Melanie Oliver

    NEXTHOME SUPERIOR LIVING

    (906) 236-3346

    6 in this area

    13 Total Sales

    Melanie Oliver
    Section Image
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Map

Source: Upper Peninsula Association of REALTORS®

MLS Number: 50121940

Upper Peninsula Association of REALTORS®

APN: 52-51-206-006-00

Michigan Marquette County Ishpeming 49849

626 N 3rd St, Ishpeming, MI

Not Listed for Sale

MultiFamily

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