Seller's Agent in 2023
John Demay
EXP REALTY OF MARQUETTE
(906) 362-1000
8 in this area
51 Total Sales
638 N 4th St Ishpeming, MI 49849
Estimated Value: $229,905
9
Beds
9
Baths
5,792
Sq Ft
$40/Sq Ft
Est. Value
About This Home
As of November 20239 unit apartment building in the city of Ishpeming. Brand new steam boiler in February, some long term tenants. All annual leases. 12% CAP rate based on 2022 annual expense and rents at 95% occupancy. Coin operated laundry in basement.
Last Agent to Sell the Property
EXP REALTY OF MARQUETTE License #UPAR Listed on: 05/29/2023
Property Details
Home Type
- Apartment
Est. Annual Taxes
Year Built
- Built in 1895
Lot Details
- 5,663 Sq Ft Lot
- Lot Dimensions are 50x75
Bedrooms and Bathrooms
- 9 Bedrooms
- 9 Full Bathrooms
Basement
- Michigan Basement
- Block Basement Construction
Additional Features
- Oven or Range
- Washer
- Porch
- Gas Water Heater
Community Details
- 9 Units
- Laundry Facilities
- Net Operating Income $32,013
Listing and Financial Details
- Assessor Parcel Number 52-51-207-008-00
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 29, 2023
Closed on
Nov 1, 2023
Sold by
Babcock Vincent
Bought by
Lx3 Up Llc
Seller's Agent
John Demay
EXP REALTY OF MARQUETTE
Buyer's Agent
Scott Moiser
KEY REALTY DELTA COUNTY LLC
List Price
$265,000
Sold Price
$195,000
Premium/Discount to List
-$70,000
-26.42%
Views
45
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,905
Avg. Annual Appreciation
8.86%
Purchase Details
Listed on
Jul 12, 2018
Closed on
Sep 26, 2019
Sold by
Jon Barch
Bought by
Babcock Vincent
Seller's Agent
Terry Huffman
RE/MAX 1ST REALTY
Buyer's Agent
John Demay
EXP REALTY OF MARQUETTE
List Price
$195,000
Sold Price
$179,000
Premium/Discount to List
-$16,000
-8.21%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.12%
Purchase Details
Closed on
Jul 31, 2007
Bought by
Barch Jon
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lx3 Up Llc | $195,000 | None Listed On Document | |
| Babcock Vincent | $179,000 | Odea Nordeen Burink And Picken | |
| Barch Jon | $146,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | Babcock Vincent | $0 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/01/2023 11/01/23 | Sold | $195,000 | -13.3% | $34 / Sq Ft | |
| 10/12/2023 10/12/23 | Pending | -- | -- | -- | |
| 10/03/2023 10/03/23 | Price Changed | $225,000 | -13.1% | $39 / Sq Ft | |
| 08/10/2023 08/10/23 | Price Changed | $259,000 | -2.3% | $45 / Sq Ft | |
| 05/29/2023 05/29/23 | For Sale | $265,000 | +48.0% | $46 / Sq Ft | |
| 09/30/2019 09/30/19 | Sold | $179,000 | -8.2% | $107 / Sq Ft | View Prior Sale |
| 06/07/2019 06/07/19 | Pending | -- | -- | -- | |
| 07/12/2018 07/12/18 | For Sale | $195,000 | -- | $116 / Sq Ft |
Source: Upper Peninsula Association of REALTORS®
Tax History Compared to Growth
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 | $58 | $102,700 | $0 | $0 |
| 2024 | $58 | $139,600 | $0 | $0 |
| 2023 | $799 | $119,750 | $0 | $0 |
| 2022 | $4,857 | $72,650 | $0 | $0 |
| 2021 | $4,739 | $86,700 | $0 | $0 |
| 2020 | $4,649 | $72,650 | $0 | $0 |
| 2019 | $4,660 | $72,700 | $0 | $0 |
| 2018 | $5,127 | $80,350 | $0 | $0 |
| 2017 | $5,035 | $79,300 | $0 | $0 |
| 2016 | $5,128 | $82,200 | $0 | $0 |
| 2015 | -- | $82,200 | $0 | $0 |
| 2014 | -- | $82,200 | $0 | $0 |
| 2012 | -- | $81,400 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
John Demay
-
Scott Moiser
Buyer's Agent in 2023
Scott Moiser
KEY REALTY DELTA COUNTY LLC
(906) 280-0903
3 in this area
379 Total Sales
-
Terry Huffman
Seller's Agent in 2019
Terry Huffman
RE/MAX 1ST REALTY
(906) 360-8258
14 in this area
256 Total Sales
Map
Source: Upper Peninsula Association of REALTORS®
MLS Number: 50110619
APN: 52-51-207-008-00
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