NOT LISTED FOR SALE

640 Burt St Negaunee, MI 49866

Estimated Value: $233,000 - $273,000

-- Bed
3 Baths
2,800 Sq Ft
$91/Sq Ft Est. Value

Last Sold April 12, 2021

Last sale price $169,900 $61 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $1,379/month

2 Days on Market

Highlights

  • Deck
  • Shed
  • Forced Air Heating System
  • Lakeview Elementary School Rated A-

About This Home

As of April 2021

If you have been considering getting into property management, this building would be a great start! This multifamily fourplex is a great income investment located in Negaunee. Four two bedroom, one bathroom units with plenty of parking. Property bring in $2,350 a month in rent with landlord paying all utilities (natural gas forced air on main floor and space heat upstairs). Great rental history; this fourplex won't let you down.

Last Agent to Sell the Property

Adam Karki

RE/MAX 1ST REALTY License #UPAR Listed on: 01/25/2021

RE/MAX 1ST REALTY

Last Buyer's Agent

Adam Karki

RE/MAX 1ST REALTY License #UPAR Listed on: 01/25/2021

RE/MAX 1ST REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $30

Year Built

  • Built in 1940

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 60 x 100

Interior Spaces

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

Outdoor Features

  • Deck
  • Shed

Utilities

  • Forced Air Heating System
  • Space Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 52-53-180-029-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$30

Year Built

Built in 1940

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
  • Year Built: 1940
  • Mail City: Negaunee
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Type: Full
  • Estimated Sq Ft: 2800

Exterior Features

  • Exterior Features: Deck
  • Roads: City/County, Year Round

Utilities

  • Water: Public Water
  • Fuel Type: Electric, Natural Gas
  • Heating System: Forced Air, Space Heater
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 52-53-180-029-00
  • Lot Dimensions: 60 x 100
  • Acreage: 0.13
  • Geo Subdivision: MI

Multi Family

  • Total Units: 4

MLS Schools

  • School District: Negaunee Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2021
Closed on
Apr 12, 2021
Sold by
Chaudier and Alissa
Bought by
Fourth Coast Properties Llc
Seller's Agent
Adam Karki
RE/MAX 1ST REALTY
Buyer's Agent
Adam Karki
RE/MAX 1ST REALTY
List Price
$169,900
Sold Price
$169,900
Current Estimated Value
$254,472

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,572
Avg. Annual Appreciation
9.87%
Original Mortgage
$135,920
Outstanding Balance
$123,059
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$133,729

Purchase Details

Closed on
Feb 4, 2021
Sold by
Cattron Wayne A
Bought by
Fourth Coast Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,920
Interest Rate
2.9%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Fourth Coast Properties Llc $169,900 --
Fourth Coast Properties Llc -- Great Northern Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fourth Coast Properties Llc $135,920
Previous Owner Fourth Coast Properties Llc $135,920
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2021 04/12/21 Sold $169,900 0.0% $61 / Sq Ft
01/27/2021 01/27/21 Pending -- -- --
01/25/2021 01/25/21 For Sale $169,900 -- $61 / 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 $30 $125,100 $0 $0
2024 $30 $81,050 $0 $0
2023 $2,842 $82,150 $0 $0
2022 $4,311 $63,800 $0 $0
2021 $3,195 $65,750 $0 $0
2020 $3,122 $63,800 $0 $0
2019 $3,065 $63,350 $0 $0
2018 $3,014 $58,400 $0 $0
2017 $2,962 $54,850 $0 $0
2016 $2,921 $53,050 $0 $0
2015 -- $53,050 $0 $0
2014 -- $50,550 $0 $0
2012 -- $47,750 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Adam Karki

    Seller's Agent in 2021

    Adam Karki

    RE/MAX 1ST REALTY

    (906) 360-5420

    79 in this area

    450 Total Sales

    Adam Karki
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Map

Source: Upper Peninsula Association of REALTORS®

MLS Number: 10072299

Upper Peninsula Association of REALTORS®

APN: 52-53-180-029-00

Michigan Marquette County Negaunee 49866

640 Burt St, Negaunee, MI

This home is located at 640 Burt St, Negaunee, MI 49866 since 25 January 2021 and is currently estimated at $254,472, approximately $90 per square foot. This property was built in 1940. 640 Burt St is a home located in Marquette County with nearby schools including Lakeview Elementary School, Negaunee Middle School, and Negaunee High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Upper Peninsula Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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