NOT LISTED FOR SALE

Estimated Value: $106,000 - $131,000

2 Beds
2 Baths
1,375 Sq Ft
$83/Sq Ft Est. Value

Last Sold August 03, 2022

Last sale price $78,000 $57 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $713/month

47 Days on Market

Highlights

  • Boat Slip
  • Front Porch
  • Forced Air Heating System
  • Balcony
  • Tile Flooring
  • Back Yard Fenced

About This Home

As of August 2022

Check out this wonderful investment opportunity! It is conveniently located near Old Town Lansing, close to shopping, dining, and just about anything downtown. All utilities are on separate meters. The previous tenants paid all utilities except for water and sewer. This property also features a spacious front porch/balcony on each unit, and ample parking in the back. This duplex is just about perfect for a new investor, seasoned investor, or someone looking to do owner occupied investing! Come check it out today!

Last Agent to Sell the Property

Dominic Lee

RE/MAX RE Professionals Okemos Listed on: 06/09/2022

RE/MAX RE Professionals Okemos

Last Buyer's Agent

Dominic Lee

Berkshire Hathaway HomeServices License #6501412335

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1875

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 29x165
  • Back Yard Fenced

Home Design

  • Duplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,375 Sq Ft Home
  • 2-Story Property
  • Blinds

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Basement

  • Basement Fills Entire Space Under The House
  • Michigan Basement

Parking

  • 2 Parking Spaces
  • Common or Shared Parking
  • Additional Parking
  • Outside Parking

Outdoor Features

  • Boat Slip
  • Balcony
  • Front Porch

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • 100 Amp Service
  • Gas Water Heater

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1875

Lot Details

0

Listing Details

  • Tax Year: 2021
  • Levels: Two
  • Year Built: 1875
  • Lot Size Acres: 0.11
  • Lot Size: 29x165
  • Co List Office Mls Id: 1103
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 1375.0
  • General Property Info:Lot Size Dimensions: 29x165
  • General Property Info:Above Grade Finished Area: 1375.0
  • Levels:Two2: Yes
  • Flooring:Carpet: Yes
  • Flooring:Laminate: Yes
  • Electric:_one_00 Amp Service: Yes
  • Sewer:Public Sewer: Yes
  • Roof:Shingle: Yes
  • Fencing:Back Yard: Yes
  • Exterior:Vinyl Siding: Yes
  • Fencing:Fenced: Yes
  • Flooring:Vinyl2: Yes
  • Flooring:Tile2: Yes
  • Cooling:None8: Yes
  • Tax Info:Taxes2: 2561.07
  • Tax Info:Zoning3: Residential
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:Building 1 Description: Duplex
  • General Property Info:_pound_ of Units: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Michigan
  • Heating: Forced Air, Natural Gas
  • Flooring: Carpet, Laminate, Tile, Vinyl
  • Property Type: Resid/Multi-Family
  • Window Features: Blinds
  • Full Basement: Yes
  • Basement:Michigan: Yes
  • Fencing Perimeter: Yes
  • Security Features:Varies By Unit5: Yes

Exterior Features

  • Roof: Shingle
  • ExteriorFeatures: Balcony
  • Fencing: Back Yard, Fenced, Perimeter
  • Lot Features: Back Yard
  • RoadFrontageType: City Street
  • RoadSurfaceType: Paved
  • Patio And Porch Features: Front Porch
  • Construction Type: Vinyl Siding
  • Lot Features:Back Yard2: Yes
  • Patio Porch Features:Front Porch: Yes
  • Window Features:Blinds: Yes
  • Exterior Features:Balcony2: Yes

Garage/Parking

  • Total Parking Spaces: 2.0
  • Parking Features: Common, Additional Parking, Outside
  • Attached Garage: No
  • Parking Features:Additional Parking: Yes
  • Parking Features:Common: Yes
  • General Property Info:Parking Total: 2
  • Parking Features:Outside2: Yes

Utilities

  • Sewer: Public Sewer
  • Appliances: Gas Water Heater
  • Cooling: None
  • Electric: 100 Amp Service
  • LaundryFeatures: None
  • SecurityFeatures: Varies By Unit
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Sq Ft: 4791.6
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2018
Closed on
Jun 22, 2018
Sold by
Niowave Properties Llc
Bought by
Wm Investments Llc
Seller's Agent
HBB Realtors
Coldwell Banker Realty -Stadium
Buyer's Agent
Candice Ferris
EXP Realty, LLC
List Price
$46,000
Sold Price
$46,000
Current Estimated Value
$113,881

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,881
Avg. Annual Appreciation
12.90%
Original Mortgage
$36,800
Outstanding Balance
$31,897
Interest Rate
4.6%
Mortgage Type
Commercial
Estimated Equity
$81,984

Purchase Details

Closed on
Jun 18, 2012
Sold by
Galbreath Scott and Galbraith Scott
Bought by
Niowave Properties Llc

Purchase Details

Closed on
Jan 12, 2006
Sold by
Galbraith Michelle
Bought by
Galbraith Scott

Purchase Details

Closed on
Sep 1, 2005
Sold by
Galbraith Scott
Bought by
Cartwright Robert

Purchase Details

Closed on
Jun 17, 2004
Sold by
Trygier Custom Designs Inc
Bought by
Seeger Mike D and Seeger Brenda L

Purchase Details

Closed on
Dec 11, 2001
Sold by
Armstrong Sterling A and Armstrong Becki S
Bought by
Trygier Custom Design Inc

Purchase Details

Closed on
Sep 24, 1999
Sold by
Jones Raynard and Jones Renee
Bought by
Midfirst Bank
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Wm Investments Llc $46,000 None Available
Niowave Properties Llc $39,900 None Available
Galbraith Scott -- Fatic
Cartwright Robert -- None Available
Seeger Mike D $16,000 Bell Title Company
Trygier Custom Design Inc $5,600 First American Title Ins Co
Midfirst Bank $22,139 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wm Investments Llc $36,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/03/2022 08/03/22 Sold $78,000 -8.1% $57 / Sq Ft
06/29/2022 06/29/22 Pending -- -- --
05/13/2022 05/13/22 For Sale $84,900 +84.6% $62 / Sq Ft
06/21/2018 06/21/18 Sold $46,000 0.0% $34 / Sq Ft View Prior Sale
05/10/2018 05/10/18 Pending -- -- --
05/07/2018 05/07/18 For Sale $46,000 -- $34 / 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 $3,731 $56,000 $2,900 $53,100
2024 $30 $50,800 $2,900 $47,900
2023 $3,514 $41,000 $2,900 $38,100
2022 $2,622 $36,800 $3,300 $33,500
2021 $2,562 $33,600 $5,100 $28,500
2020 $2,543 $30,600 $5,100 $25,500
2019 $2,429 $29,300 $5,100 $24,200
2018 $2,169 $26,900 $5,100 $21,800
2017 $2,085 $26,900 $5,100 $21,800
2016 $2,067 $26,500 $5,100 $21,400
2015 $2,067 $25,600 $10,150 $15,450
2014 $2,067 $26,100 $15,750 $10,350
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 264935

Greater Lansing Association of Realtors®

APN: 01-01-09-308-171