Skip to content
Skip to content
TopHapOpen in map
Single Family ResidenceResidential
$145,989$144 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 71How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Jul 14, 2026
Last sold for $197,000 on Nov 13, 2024

508 PROSPECT ST

MUNISING, MI 49862
3
Beds
2 / 2
Baths
1,011 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.15 ac
Lot SizeThe size of the land the home sits on, from county records.
1940
Year BuiltThe year the home was originally built, according to county records.

Valuation

$146K
$104K low$188K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$197,000 · Nov 13, 2024
Est. Owner EquityRoughly how much of the home's value the owner would keep after paying off known loans. It is our estimate minus the loans still owed.$85,144
Est. Lendable EquityThe part of the owner's equity a lender would typically let them borrow against — about 80% of their equity.$68,115
Loan-to-ValueHow much is still owed on the home compared to what it is worth. 80% means loans equal 80% of our estimate, so it shifts when the estimate does.38%
1st MortgageA loan still believed to be open on this home, in the order lenders get repaid. The first position is paid back before the second.$60,845
MERS · recorded Jun 3, 2014

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$3,222 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$78,200 (2026)
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$52,200
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$156,400

Climate Risk

Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.10 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.6%

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
CountyALGER
Lot (acres)The size of the land the home sits on, from county records.0.15
HeatingThe type of heating system in the home.Forced Air With Air Conditioning
FireplaceWhether the home has a fireplace, and what kind.Yes
PoolWhether the property has a pool, and what kind, such as in-ground.No

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
William G Mather Elementary SchoolB
Elementary · Grades PK–5 · 0.4 mi
M
Munising High and Middle SchoolC+
Middle · Grades 6–12 · 1.1 mi

District: Munising Public Schools

Neighborhood · ZIP 49862These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.122
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.79
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.13

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.65%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.18%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.9.9%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.2.3%
PopulationHow many people live in this area.3,160
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.14 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$54,911
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$64,035
Average tempThe average temperature here across a full year.42°F
Annual precipHow much rain and melted snow falls here in a typical year.34 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.45%

Ownership

OccupancyWhether the owner appears to live here or somewhere else. It is inferred from the mailing address on record.Owner occupied
Company ownedWhether the owner is a company or trust rather than a person.No

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

508 Prospect St measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth less than 84% of homes in Alger County
  • Costs less per square foot than 65% of homes in Alger County
  • Smaller than 73% of homes in Munising 49862
  • Has a smaller lot than 92% of homes in Alger County
  • Older than 85% of homes in Alger County

What homes are worth in Munising 49862

Each bar is how many homes fall in that price range. The marker is this home.

This home
$93K$817K

This home is worth more than 23% of homes in Munising 49862.

How it measures up in Munising 49862

The dot is this home. The mark in the middle is the typical home in Munising 49862.

Estimated value$145,989
CheaperTypical $185,959Pricier

Pricier than 23% of homes nearby

Price per ft²$144
CheaperTypical $146Pricier

Pricier than 49% of homes nearby

Living area1,011 ft²
SmallerTypical 1,288 ft²Bigger

Bigger than 27% of homes nearby

Lot size0.15 ac
SmallerTypical 0.96 acBigger

Bigger than 16% of homes nearby

Year built1940
OlderTypical 1975Newer

Newer than 17% of homes nearby

How 508 Prospect St ranks against every home in each area.
MeasureThis homeMunising 49862Alger County
Estimated valuepricier than$145,98923% of homes16% of homes
Price per ft²pricier than$14449% of homes35% of homes
Living areabigger than1,011 ft²27% of homes36% of homes
Lot sizebigger than0.15 ac16% of homes8% of homes
Year builtnewer than194017% of homes15% of homes

About 508 Prospect St

How much is 508 Prospect St, Munising, MI worth?

The TopHap Estimate for 508 Prospect St, Munising, MI is $145,989 as of Jul 14, 2026. The likely range is $103,582 to $188,396. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 508 Prospect St, Munising, MI last sell?

508 Prospect St, Munising, MI last sold on Nov 13, 2024 for $197,000, according to the county's recorded deed.

How big is 508 Prospect St, Munising, MI?

508 Prospect St, Munising, MI has 3 bedrooms, 2 bathrooms, 1,011 square feet of living space and a 0.15-acre lot.

When was 508 Prospect St, Munising, MI built?

508 Prospect St, Munising, MI was built in 1940, making it 86 years old.

What schools serve 508 Prospect St, Munising, MI?

508 Prospect St, Munising, MI is assigned to William G Mather Elementary School (elementary), rated B; Munising High and Middle School (middle), rated C+. All sit in Munising Public Schools. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 508 Prospect St, Munising, MI compare to other homes in Munising 49862?

Among the 2,548 homes in Munising 49862, it is worth more than 23% of them ($145,989 against a typical $185,959), its price per square foot is higher than 49% of them ($144 against a typical $146), it is bigger than 27% of them (1,011 ft² against a typical 1,288 ft²), its lot is bigger than 16% of them (0.15 ac against a typical 0.96 ac) and it is newer than 17% of them (1940 against a typical 1975). Measured against all of Alger County, it is worth more than 16% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 508 Prospect St, Munising, MI?

The 2025 property tax bill for 508 Prospect St, Munising, MI was $3,222. The county assessed it at $78,200.

Closest homes

More homes in Munising 49862

Assigned schools

Explore the area

See this home in context

Open 508 Prospect St on TopHap’s interactive map to compare it against every sale nearby, overlay school zones and flood risk, and run a CMA.

Open in map
A flyover of TopHap's photorealistic 3D map, with recorded sale prices pinned to homes
Search any address, city, zip, or county…3D$1.9M$6.25MOpen in map