509 East Lead Street

509 East Lead Street has been categorized by the local assessors in Bessemer, MI as a commercial type of property. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 509 East Lead Street has 2,864 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,850 ft and across the front of the lot is 1,630 ft. The area measurement of the land has been determined as 30,056 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. We know that this is 3 code building. This code stands for "buildings that have exterior walls made of non-combustible material. The interior partitions and roof structure are combustible materials. For example, the building may have concrete floors or a wood frame". For the features and amenities located on the property. There is a garage for those who require parking. In terms of heating, it is utilizing a forced air unit. The property was last sold in Jun 9, 2020 for $7,000. That's $2.44 per sqft. 509 East Lead Street was last assessed in 2022. The total value of the property was assessed at $28,959. Specifically, the land the property is located on was valued at $9,369. While improvements on the property were assessed at a total of $19,590. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $1,750. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.