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Sold for $186,000
  • $186,000

    506 5th St, Ludington, MI 49431

    4beds
    1,800sqft
    MultiFamily
    Built in 1908
    -- sqft lot
    $213,000 Zestimate®
    $103/sqft
    $1,217 Estimated rent

    Home value

    $213,000

    $194,000 - $232,000

    $1,217/mo

    Zestimate® history
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    Rent Zestimate®

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    $1,251/mo

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    What's special

    Two apartment home located in Ludington. 1.5 miles from the beach. This was a complete remodel in 2007 having all new electrical, plumbing, heating, insulation, walls and flooring. New roof is only 2 years old, foundation work completed 4 years ago. Upstairs has brand new carpet after last tenant left. Downstairs has a current tenant. Current rental income is $1,500.00 per month but scheduled to increase. Great starter home for someone who can live upstairs and have the apartment downstairs pay the mortgage. This house is 1/2 mile from Pere Marquette Lake boat launch and 1.5 miles from Loomis Boat Launch and Ludington Beach. It has had multiple updates since 2007. I completely gutted it down to the studs. Downstairs has forced air furnace and upstairs has a radiant heating source. Both are natural gas. Both apt. Have full bath and laundry rooms. Water heaters are electrical. Has a cellar basement for mechanical and some storage. This house is move in ready.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Forced air, Radiant, Gas
    Cooling
    • Other
    Appliances
    • Included: Dishwasher, Dryer, Freezer, Microwave, Range / Oven, Refrigerator, Washer
    Features
    • Flooring: Tile, Carpet, Laminate
    • Basement: Unfinished
    Interior area
    • Total interior livable area: 1,800 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Off-street
    Features
    • Exterior features: Vinyl
    • Has view: Yes
    • View description: City
    Lot
    • Size: 8,276 sqft
    Details
    • Parcel number: 05143300300

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Roof: Asphalt
    Condition
    • Year built: 1908

    Community & neighborhood

    Location
    • Region: Ludington

    Price history

    DateEventPrice
    6/17/2024Sold$186,000-2.1%$103/sqft
    Source: Public Record Report a problem
    5/7/2024Listed for sale$189,999+1017.6%$106/sqft
    Source: Owner Report a problem
    2/13/2007Sold$17,000-35.1%$9/sqft
    Source: Public Record Report a problem
    10/3/2005Sold$26,211$15/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$725 $80,000 +260.4%
    2024-- $22,200 +8.3%
    2023-- $20,500 +6.8%
    2022-- $19,200 +1.6%
    2021-- $18,900 +0.5%
    2020-- $18,800 +9.9%
    2018-- $17,100 -0.6%
    2017-- $17,200 +3.6%
    2016-- $16,600 +25.8%
    2015-- $13,200 -6.4%
    2013-- $14,100 +64%
    2011-- $8,600 -9.5%
    2010-- $9,500

    Find assessor info on the county website

    Neighborhood: 49431

    Nearby schools

    GreatSchools rating
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