NOT LISTED FOR SALE

1015 S Pennsylvania Ave Lansing, MI 48912

Holmes Street Area Neighborhood

Estimated Value: $94,000 - $149,000

-- Bed
-- Bath
1,625 Sq Ft
$79/Sq Ft Est. Value

Last Sold February 22, 2018

Last sale price $45,000 $28 Per Sq Ft

Est. 186% increase in value since last sale

Current estimated payment $916/month

131 Days on Market

Highlights

  • Covered Patio or Porch
  • Forced Air Heating System
  • Wood Siding

About This Home

As of February 2018

Bottom unit looks very new and up to date. Clean and modern. Bottom unit has nice hardwood floors, ceramic tile in bath and kitchen as well as being freshly painted. Bottom unit not currently occupied but could possibly rent for up to $750 per month. This is an estimate. Upper unit is occupied. Renter is paying $485 per month. Occupancy of upper unit is subject to lease with upper unit. Agent is related to seller. Gas, Electric, Water and Sewer is Tenants responsibility.

Last Agent to Sell the Property

Joshua Keller

Carol Hazel Real Estate, LLC Listed on: 09/15/2017

Last Buyer's Agent

Non Member

Non Member Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1919

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 40 x 134.20

Home Design

  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 1,625 Sq Ft Home
  • 2-Story Property

Basement

  • Partial Basement
  • Crawl Space

Parking

  • 2 Parking Spaces
  • No Garage
  • Private Parking
  • Dirt Driveway

Outdoor Features

  • Covered Patio or Porch

Utilities

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

Listing and Financial Details

  • Total Actual Rent $14,820

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $357
  • New Taxes Expense $1,708

Property Details

Home Type

Multi-Family

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Gross Rent: 14820.0
  • Tax Year: 2016
  • Levels: Two
  • Year Built: 1919
  • Lot Size Acres: 0.12
  • Lot Size: 40 x 134.20
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 1625.0
  • General Property Info:Lot Size Dimensions: 40 x 134.20
  • General Property Info:Above Grade Finished Area: 1625.0
  • Levels:Two2: Yes
  • Sewer:Public Sewer: Yes
  • Roof:Shingle: Yes
  • General Property Info:ECO Friendly Features: No
  • Exterior:Wood Siding: Yes
  • Parking Features:Dirt3: Yes
  • Tax Info:Taxes2: 1708.0
  • Tax Info:Zoning3: Residential
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:Building 1 Description: Two Unit
  • General Property Info:_pound_ of Units: 2
  • Annual Inc Expense:Insurance4: 357.0
  • Annual Inc Expense:Tax Expense2: 1708.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space, Partial
  • Heating: Forced Air, Natural Gas
  • Property Type: Resid/Multi-Family
  • Basement:Crawl Space: Yes
  • Basement:Partial: Yes

Exterior Features

  • Roof: Shingle
  • Patio And Porch Features: Covered
  • Construction Type: Wood Siding
  • Patio Porch Features:Covered: Yes

Garage/Parking

  • Parking Features: Dirt, No Garage, Private
  • Attached Garage: No
  • Parking Features:No Garage: Yes
  • Parking Features:Private6: Yes
  • General Property Info:Parking Total: 2

Utilities

  • Sewer: Public Sewer
  • 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: 5227.2
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2017
Closed on
Feb 9, 2018
Sold by
Equlty Trust Co Custodlan Fbo Ggeorge La
Bought by
Djb Propertles Llc
Seller's Agent
Joshua Keller
Carol Hazel Real Estate, LLC
Buyer's Agent
Non Member
Non Member Office
List Price
$64,000
Sold Price
$45,000
Premium/Discount to List
-$19,000
-29.69%
Current Estimated Value
$128,516

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,516
Avg. Annual Appreciation
14.28%
Original Mortgage
$36,000
Outstanding Balance
$31,282
Interest Rate
4.43%
Mortgage Type
Commercial
Estimated Equity
$91,640

Purchase Details

Listed on
Apr 22, 2014
Closed on
Jul 14, 2014
Sold by
Black Acre Land Investment Llc
Bought by
Equity Trust Co and George Lambert Roth Ira
Seller's Agent
Joe Mullaney
RE/MAX Finest
Buyer's Agent
Joe Mullaney
RE/MAX Finest
List Price
$15,090
Sold Price
$5,000
Premium/Discount to List
-$10,090
-66.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
81.97%

Purchase Details

Closed on
Apr 17, 2013
Sold by
Wells Fargo Bank Na
Bought by
Fannie Mae and Federal National Mortgage Association

Purchase Details

Closed on
Apr 11, 2013
Sold by
Byrd Gregory P and Angel Melody Anne
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Apr 3, 2000
Sold by
Pekrul Eric C and Alles Betsy A
Bought by
Byrd Gregory P and Angel Melody Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,250
Interest Rate
8.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 14, 1995
Sold by
Pekrul Eric C
Bought by
Byrd Gregory P and Angel Melody A
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
Djb Propertles Llc $45,000 None Available
Equity Trust Co $5,000 None Available
Fannie Mae -- None Available
Wells Fargo Bank Na $57,680 None Available
Byrd Gregory P $30,000 --
Byrd Gregory P $30,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Djb Properties Lllc $36,000
Previous Owner Byrd Gregory P $61,500
Previous Owner Byrd Gregory P $56,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/22/2018 02/22/18 Sold $45,000 -23.7% $28 / Sq Ft
01/24/2018 01/24/18 Pending -- -- --
01/12/2018 01/12/18 Price Changed $59,000 -7.8% $36 / Sq Ft
09/15/2017 09/15/17 For Sale $64,000 +1180.0% $39 / Sq Ft
06/23/2014 06/23/14 Sold $5,000 -66.9% $3 / Sq Ft
05/15/2014 05/15/14 Pending -- -- --
04/22/2014 04/22/14 For Sale $15,090 -- $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
2025 $2,600 $67,100 $3,800 $63,300
2024 $20 $59,100 $3,800 $55,300
2023 $2,452 $51,100 $3,800 $47,300
2022 $2,247 $28,600 $3,200 $25,400
2021 $2,196 $27,200 $4,100 $23,100
2020 $2,179 $26,000 $4,100 $21,900
2019 $2,073 $24,700 $4,100 $20,600
2018 $1,801 $21,700 $4,100 $17,600
2017 $1,731 $21,700 $4,100 $17,600
2016 $6,179 $21,400 $4,100 $17,300
2015 $6,179 $20,800 $8,174 $12,626
2014 $6,179 $31,900 $6,848 $25,052
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    Joshua Keller

    Carol Hazel Real Estate, LLC

  • N

    Buyer's Agent in 2018

    Non Member

    Non Member Office

  • Joe Mullaney

    Seller's Agent in 2014

    Joe Mullaney

    RE/MAX Michigan

    (517) 325-5888

    159 Total Sales

    Joe Mullaney
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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 220126

Greater Lansing Association of Realtors®

APN: 01-01-22-130-031

Michigan Ingham County Lansing 48912 Holmes Street Area

1015 S Pennsylvania Ave, Lansing, MI

This home is located at 1015 S Pennsylvania Ave, Lansing, MI 48912 since 15 September 2017 and is currently estimated at $128,516, approximately $79 per square foot. This property was built in 1919. 1015 S Pennsylvania Ave is a home located in Ingham County with nearby schools including Lyons Elementary School, Pattengill Academy, and Eastern Lansing High 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.

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