NOT LISTED FOR SALE

9912 Us Highway 2 Rapid River, MI 49878

Estimated Value: $199,127

6 Beds
5 Baths
3,300 Sq Ft
$60/Sq Ft Est. Value

Last Sold August 22, 2022

Last sale price $175,000 $53 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $1,333/month

About This Home

As of August 2022

This is a great investment! 5 Units zoned Commerial. The seller has done a major remodel on the is place so its not your typical rental Unit.

Last Agent to Sell the Property

Tammy Garling

KEY REALTY DELTA COUNTY LLC License #UPAR Listed on: 07/26/2022

KEY REALTY DELTA COUNTY LLC

Last Buyer's Agent

Tammy Garling

KEY REALTY DELTA COUNTY LLC License #UPAR Listed on: 07/26/2022

KEY REALTY DELTA COUNTY LLC

Property Details

Home Type

  • Apartment

Est. Annual Taxes

Year Built

  • Built in 1972

Lot Details

  • 1.08 Acre Lot
  • Lot Dimensions are 300x150

Parking

  • 2 Car Detached Garage

Home Design

  • Ranch Style House
  • Vinyl Siding

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Full Bathrooms

Utilities

  • Boiler Heating System
  • Electric Water Heater
  • Septic Tank

Additional Features

  • Oven or Range
  • Block Basement Construction

Community Details

  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 012-184-006-00

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,905

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Originating MLS: Upper Peninsula Assoc of Realtors
  • Class: MULTIFAMILY
  • Type: Apartment, Investment
  • Type Of Property: Multi-Family
  • Structure Style: 1 Story
  • Styles: Ranch
  • Total Tax Amount: 2611
  • Total Tax Year: 2021
  • Year Built: 1972
  • Mail City: Rapid River
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Appliances: Range/Oven, Refrigerator
  • Basement: Yes
  • Basement Type: Block
  • Bedrooms: 6
  • Full Bathrooms: 5
  • Total Bathrooms: 5
  • Source of Sq Ft: Assessors Data
  • Estimated Sq Ft: 3300

Exterior Features

  • Construction: Vinyl Siding
  • Foundation Type: Basement, Crawl
  • Roads: City/County, Year Round

Garage/Parking

  • Garage Type: Detached Garage
  • Garage Spaces: 2
  • Parking: 3 Or More Spaces, Garage

Utilities

  • Water: Private Well
  • Water Heater: Electric
  • Fuel Type: Natural Gas
  • Heating System: Boiler
  • Sewer/Septic System: Septic

Lot Info

  • Assessor Parcel Number: 012-184-006-00
  • Lot Dimensions: 300x150
  • Acreage: 1.08
  • Zoning: Commercial
  • Geo Subdivision: MI

Rental Info

  • Lease Information: Month-To-Month, Electric Included, Gas Included, Heat Included, Security Deposit, Water Included

Tax Info

  • Summer Tax: Year: 2021, Amount: $606.00
  • Winter Tax: Year: 2021, Amount: $2,005.00
  • Total Tax: Year: 2021, Amount: $2,611.00

Multi Family

  • Total Units: 5

MLS Schools

  • School District: Rapid River Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2022
Closed on
Aug 22, 2022
Sold by
Schroeder Cory D
Bought by
Northwoods Trust and Diedrich
Seller's Agent
Tammy Garling
KEY REALTY DELTA COUNTY LLC
Buyer's Agent
Tammy Garling
KEY REALTY DELTA COUNTY LLC
List Price
$189,000
Sold Price
$175,000
Premium/Discount to List
-$14,000
-7.41%
Current Estimated Value
$199,127

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,127
Avg. Annual Appreciation
4.88%
Source: Public Records

Range of Values:

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Average Value
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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
Northwoods Trust $175,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schroeder Cory $129,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2022 08/22/22 Sold $175,000 -7.4% $53 / Sq Ft
07/26/2022 07/26/22 For Sale $189,000 -- $57 / 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 $2,905 $79,100 $0 $0
2024 $683 $64,900 $0 $0
2023 $652 $58,500 $0 $0
2022 $2,698 $58,500 $0 $0
2021 $2,612 $55,400 $0 $0
2020 $2,559 $53,700 $0 $0
2019 $2,503 $53,200 $0 $0
2018 $2,451 $52,100 $0 $0
2017 $571 $51,829 $0 $0
2016 $2,333 $50,771 $0 $0
2014 -- $55,812 $0 $0
2013 -- $56,841 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tammy Garling

    Seller's Agent in 2022

    Tammy Garling

    KEY REALTY DELTA COUNTY LLC

    (906) 280-1169

    488 Total Sales

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Map

Source: Upper Peninsula Association of REALTORS®

MLS Number: 50084375

Upper Peninsula Association of REALTORS®

APN: 21-012-184-006-00

Michigan Delta County Rapid River 49878

9912 Us Highway 2, Rapid River, MI

This home is located at 9912 Us Highway 2, Rapid River, MI 49878 since 26 July 2022 and is currently estimated at $199,127, approximately $60 per square foot. This property was built in 1972. 9912 Us Highway 2 is a home located in Delta County with nearby schools including Tri-Township 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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