NOT LISTED FOR SALE

1012 N Martin Luther King jr Blvd Lansing, MI 48915

Old Forest Neighborhood

Estimated Value: $108,222 - $158,000

3 Beds
1.5 Baths
1,740 Sq Ft
$74/Sq Ft Est. Value

Last Sold August 04, 2017

Last sale price $7,500 $4 Per Sq Ft

Est. 1,611% increase in value since last sale

Current estimated payment $720/month

174 Days on Market

Highlights

  • Main Floor Primary Bedroom
  • Forced Air Heating System
  • Dining Room
  • Living Room

About This Home

As of August 2017

handyman special with lots of potential. plenty of parking behind the property. This is bank owned and sold as is.

Last Listed By

Stacy Schmidtmann

Brokers Realty License #6502390503 Listed on: 07/06/2017

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1870

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 66x119

Parking

  • Alley Access

Home Design

  • Aluminum Siding

Interior Spaces

  • 1,740 Sq Ft Home
  • 1.5-Story Property
  • Living Room
  • Dining Room
  • Partial Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Home Details

Home Type

Single Family

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Dining Room Level: First
  • Living Room Level: First
  • Current Use: Investment
  • Tax Year: 2015
  • Levels: One and One Half
  • Year Built: 1870
  • Lot Size Acres: 0.18
  • Lot Size: 66x119
  • Above Grade Finished Sq Ft: 1740.0
  • Living Area: 1740.0
  • General Property Info:Lot Size Dimensions: 66x119
  • General Property Info:Above Grade Finished Area: 1740.0
  • General Property Info:Total Livable Area: 1740.0
  • Baths:_pound_Full Baths 1: 1
  • Baths:_pound_Half Baths 1: 1
  • Rooms:Dining Room2: Yes
  • Rooms:Living Room2: Yes
  • Primary Bedroom Level: First
  • Exterior:Aluminum Siding: Yes
  • Sewer:Public Sewer: Yes
  • Levels:One and One Half: Yes
  • General Property Info:Building Area Total SqFt: 2356.0
  • Special Features: None

Interior Features

  • Basement: Partial
  • Heating: Forced Air, Natural Gas
  • Total Bedrooms: 3
  • Room: 7
  • Property Type: Residential
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Appliances:Gas Water Heater: Yes
  • Basement:Partial: Yes
  • Appliances:None3: Yes

Exterior Features

  • Construction Type: Aluminum Siding

Garage/Parking

  • Parking Features: Alley Access
  • Attached Garage: No
  • Parking Features:Alley Access: Yes

Utilities

  • Sewer: Public Sewer
  • Appliances: Gas Water Heater
  • Water Source: Public
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Sq Ft: 7840.8
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Carrier Route: 2126
  • Tax Annual Amount: 1665.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2017
Closed on
Aug 4, 2017
Sold by
First Bank
Bought by
Krumm Joseph
Seller's Agent
Stacy Schmidtmann
Brokers Realty
Buyer's Agent
Monte Jackson, II
Pedigree Realty Company, LLC
List Price
$12,500
Sold Price
$7,500
Premium/Discount to List
-$5,000
-40%
Total Days on Market
174
Current Estimated Value
$128,306

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,806
Avg. Annual Appreciation
45.58%

Purchase Details

Closed on
Dec 28, 2015
Sold by
Lammers George A
Bought by
First Bank and First Bank Mortage

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
Krumm Joseph $7,500 Transnation Title Agency
First Bank $25,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Holguin Juan $101,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/04/2017 08/04/17 Sold $7,500 -40.0% $4 / Sq Ft
08/01/2017 08/01/17 Pending -- -- --
07/06/2017 07/06/17 For Sale $12,500 0.0% $7 / Sq Ft
05/15/2017 05/15/17 Pending -- -- --
04/21/2017 04/21/17 Price Changed $12,500 -22.6% $7 / Sq Ft
02/08/2017 02/08/17 For Sale $16,150 -- $9 / Sq Ft
Source: Greater Lansing 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 $20 $53,700 $4,800 $48,900
2023 $2,294 $47,700 $4,800 $42,900
2022 $2,246 $44,400 $4,500 $39,900
2021 $2,047 $40,000 $6,200 $33,800
2020 $2,033 $38,700 $6,200 $32,500
2019 $4,205 $24,300 $6,200 $18,100
2018 $2,519 $31,700 $6,200 $25,500
2017 $2,582 $31,700 $6,200 $25,500
2016 $1,642 $31,200 $6,200 $25,000
2015 $1,642 $30,300 $12,393 $17,907
2014 $1,642 $28,900 $14,500 $14,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 213359

Greater Lansing Association of Realtors®

APN: 01-01-08-428-131