$75,000
SOLD MAY 21, 2021

708 Bank St Ishpeming, MI 49849

-- Bed
-- Bath
1,600 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$47 Per Sq Ft

17% Below List Price

57 Days on Market

Highlights

  • Shed
  • Forced Air Heating System
  • Ceiling Fan

About This Home

As of November 2024

Well maintained duplex in the City of Ishpeming. Good rental history, both units are currently vacant. Great opportunity to own an investment property, or live on one floor and rent the other. Newer metal roof, newer vinyl windows, newer vinyl siding, updated 100 amp electrical for each unit. Furnace is about 15 years old, but has been rebuilt in the last three years and services the first floor only. Second floor is heated with a natural gas space heater. New paint throughout both units and updated flooring in both units. Spacious back yard with room for 4 parking spaces.

Last Agent to Sell the Property

Bradley Argall

RE/MAX 1ST REALTY License #UPAR-6501400975 Listed on: 01/22/2021

RE/MAX 1ST REALTY

Last Buyer's Agent

David Mingay

RE/MAX 1ST REALTY License #UPAR

RE/MAX 1ST REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8

Year Built

  • Built in 1910

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50x100

Parking

  • 3 Car Parking Spaces

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Partial Basement

Outdoor Features

  • Shed

Utilities

  • Forced Air Heating System
  • Space Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 52-51-305-054-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8

Year Built

Built in 1910

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: 2021
  • Year Built: 1910
  • Mail City: Ishpeming
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Type: Partial
  • Estimated Sq Ft: 1600

Exterior Features

  • Construction: Vinyl Siding
  • Roads: City/County, Year Round

Garage/Parking

  • Parking: 3 Or More Spaces

Utilities

  • Water: Public Water
  • Cooling System: Ceiling Fan(s)
  • Fuel Type: Electric, Natural Gas
  • Heating System: Forced Air, Space Heater
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 52-51-305-054-00
  • Lot Dimensions: 50x100
  • Acreage: 0.17
  • Geo Subdivision: MI

Multi Family

  • Total Units: 2

Tax Info

  • Total Tax: Year: 2021

MLS Schools

  • School District: Ishpeming Public School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2024
Closed on
Nov 27, 2024
Sold by
Poland Development Llc
Bought by
Sheckell Jeremy M
Seller's Agent
Dawn Florio
RE/MAX 1ST REALTY
Buyer's Agent
Dawn Florio
RE/MAX 1ST REALTY
List Price
$149,000
Sold Price
$134,500
Premium/Discount to List
-$14,500
-9.73%
Views
140
Current Estimated Value
$131,418

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,082
Avg. Annual Appreciation
-26.22%
Original Mortgage
$127,775
Outstanding Balance
$127,313
Interest Rate
6.54%
Mortgage Type
New Conventional
Estimated Equity
-$16,597

Purchase Details

Listed on
Jan 22, 2021
Closed on
May 21, 2021
Sold by
Michael Tall
Bought by
Poland Development Llc
Seller's Agent
Bradley Argall
RE/MAX 1ST REALTY
Buyer's Agent
David Mingay
RE/MAX 1ST REALTY
List Price
$89,900
Sold Price
$75,000
Premium/Discount to List
-$14,900
-16.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.05%
Original Mortgage
$61,355
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 5, 2020
Sold by
Michael Tall
Bought by
Ayotte Beverly L

Purchase Details

Closed on
Jul 17, 1995
Bought by
Tall Michael
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $134,500 None Listed On Document
Warranty Deed $134,500 None Listed On Document
Warranty Deed $75,000 Odea Nordeen And Pickens Pc
Deed -- Graybill & Mead Pllc
Deed $32,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $127,775 New Conventional
Closed $127,775 New Conventional
Previous Owner $61,355 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/27/2024 11/27/24 Sold $134,500 -3.9% $72 / Sq Ft
06/18/2024 06/18/24 Price Changed $139,900 -3.5% $74 / Sq Ft
06/07/2024 06/07/24 Price Changed $145,000 -2.7% $77 / Sq Ft
05/22/2024 05/22/24 For Sale $149,000 +98.7% $79 / Sq Ft
05/21/2021 05/21/21 Sold $75,000 -16.6% $47 / Sq Ft
03/20/2021 03/20/21 Pending -- -- --
01/22/2021 01/22/21 For Sale $89,900 -- $56 / 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
2024 $8 $44,800 $0 $0
2023 $187 $44,000 $0 $0
2022 $1,496 $40,400 $0 $0
2021 $1,204 $40,400 $0 $0
2020 $1,198 $40,400 $0 $0
2019 $1,200 $37,550 $0 $0
2018 $1,194 $34,200 $0 $0
2017 $1,186 $26,600 $0 $0
2016 $1,168 $26,000 $0 $0
2015 -- $26,000 $0 $0
2014 -- $27,900 $0 $0
2012 -- $27,350 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Upper Peninsula Association of REALTORS®

MLS Number: 10072269

Upper Peninsula Association of REALTORS®

APN: 52-51-305-054-00