$70,000
SOLD NOV 8, 2024

1022 N Pennsylvania Ave Lansing, MI 48906

Northtown Neighborhood
-- Bed
-- Bath
1,750 Sq Ft
3,920 Sq Ft Lot

Recently Sold

$40 Per Sq Ft

20% Below List Price

318 Days on Market

About This Home

As of November 2024

Large Up and Down Duplex. Each Unit has 2 bedrooms and 1 Full Bath. Appliances Included.
Fully Rented with Paying Tenants. Tenants Pay ALL Utilities. New Furnace Both Units.

Last Agent to Sell the Property

Chris Garno

Garno Property Management LLC License #6502352497 Listed on: 10/22/2024

Last Buyer's Agent

Ronald Dennis

DeLong and Co. License #6501429218

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1916

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 48x82.5

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,750 Sq Ft Home
  • 2-Story Property

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Parking

  • 4 Parking Spaces
  • Driveway

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Total Actual Rent $19,800

Community Details

Overview

  • 2 Units
  • Narmores Add Subdivision

Building Details

  • Insurance Expense $900
  • Manager Expense $1,980
  • New Taxes Expense $4,355
  • Net Operating Income $12,565

Property Details

Home Type

Multi-Family

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Gross Rent: 19800.0
  • Net Income: 12565.0
  • Tax Year: 2022
  • Levels: Two
  • Year Built: 1916
  • Lot Size Acres: 0.09
  • Lot Size: 48x82.5
  • Professional Management Expense: 1980.0
  • Subdivision Name: Narmores Add
  • Above Grade Finished Sq Ft: 1750.0
  • General Property Info:Lot Size Dimensions: 48x82.5
  • General Property Info:Above Grade Finished Area: 1750.0
  • Levels:Two2: Yes
  • Laundry Features:In Basement: Yes
  • Sewer:Public Sewer: Yes
  • Exterior:Vinyl Siding: Yes
  • Cooling:None8: Yes
  • Tax Info:Taxes2: 3085.0
  • Tax Info:Zoning3: Residential
  • General Property Info:Building 1 Description: 1022 N Pennsylvania
  • General Property Info:_pound_ of Units: 2
  • Annual Inc Expense:Insurance4: 900.0
  • Annual Inc Expense:Tax Expense2: 4355.0
  • Annual Inc Expense:Management3: 1980.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Concrete, Full
  • Heating: Forced Air, Natural Gas
  • Property Type: Resid/Multi-Family
  • Full Basement: Yes
  • Basement:Concrete2: Yes

Exterior Features

  • Construction Type: Vinyl Siding

Garage/Parking

  • Total Parking Spaces: 4.0
  • Parking Features: Concrete, Driveway
  • Attached Garage: No
  • Parking Features:Driveway: Yes
  • General Property Info:Parking Total: 4
  • Parking Features:Concrete6: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • LaundryFeatures: In Basement
  • 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: 3920.4
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2
  • Insurance Expense: 900.0
  • Property Net Operating Income: 12565.0

Tax Info

  • New Taxes Expense: 4355.0
  • Tax Carrier Route: 5396

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2024
Closed on
Nov 8, 2024
Sold by
Barut Hami Onur
Bought by
Zhang Mason
Seller's Agent
Chris Garno
Garno Property Management LLC
Buyer's Agent
Ronald Dennis
DeLong and Co.
List Price
$88,000
Sold Price
$70,000
Premium/Discount to List
-$18,000
-20.45%
Views
11
Current Estimated Value
$87,310

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,310
Avg. Annual Appreciation
49.04%

Purchase Details

Closed on
Dec 5, 2022
Sold by
Sen Suat
Bought by
Barut Hami Onur

Purchase Details

Closed on
Sep 18, 2017
Sold by
Baldwin Sterlig
Bought by
Clincy Linda Marie

Purchase Details

Listed on
Apr 10, 2017
Closed on
Jun 14, 2017
Sold by
Campbell Jill
Bought by
Sen Suat
Seller's Agent
Natan Espinosa
NatanEspinosa.com
Buyer's Agent
Francis Vicente
EXIT Realty Home Partners
List Price
$24,900
Sold Price
$21,000
Premium/Discount to List
-$3,900
-15.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.19%

Purchase Details

Closed on
Jan 26, 2005
Sold by
Bodine Tom R
Bought by
Campbell Jill

Purchase Details

Closed on
Sep 10, 2002
Sold by
Wilson Phyllis D
Bought by
Bodine Tom R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,550
Interest Rate
6.1%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 20, 1998
Sold by
Andersen Richard L and Andersen Rosemary
Bought by
Wilson Phyllis D
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 Type Sale Price Title Company
Warranty Deed $70,000 Ata National Title
Warranty Deed $70,000 Ata National Title
Quit Claim Deed -- --
Quit Claim Deed $13,500 None Available
Warranty Deed $21,000 Bell Title Agency
Quit Claim Deed -- --
Warranty Deed $83,000 Metropolitan Title Company
Warranty Deed $31,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $70,000 Unknown
Previous Owner $70,550 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/08/2024 11/08/24 Sold $70,000 -5.3% $40 / Sq Ft
10/25/2024 10/25/24 Pending -- -- --
08/18/2024 08/18/24 Price Changed $73,900 -1.3% $42 / Sq Ft
08/05/2024 08/05/24 Price Changed $74,900 -2.6% $43 / Sq Ft
05/22/2024 05/22/24 Price Changed $76,900 -3.8% $44 / Sq Ft
04/01/2024 04/01/24 Price Changed $79,900 -3.7% $46 / Sq Ft
03/16/2024 03/16/24 Price Changed $83,000 -2.2% $47 / Sq Ft
03/02/2024 03/02/24 Price Changed $84,900 -1.2% $49 / Sq Ft
02/04/2024 02/04/24 Price Changed $85,900 -2.4% $49 / Sq Ft
12/12/2023 12/12/23 For Sale $88,000 +319.0% $50 / Sq Ft
06/20/2017 06/20/17 Sold $21,000 -15.7% $12 / Sq Ft
06/05/2017 06/05/17 Pending -- -- --
04/06/2017 04/06/17 For Sale $24,900 -- $14 / 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 $36 $58,000 $3,800 $54,200
2023 $4,246 $49,200 $3,800 $45,400
2022 $3,085 $45,000 $2,700 $42,300
2021 $3,758 $39,900 $3,600 $36,300
2020 $2,774 $36,000 $3,600 $32,400
2019 $5,270 $33,700 $3,600 $30,100
2018 $2,946 $31,800 $3,600 $28,200
2017 $2,348 $31,800 $3,600 $28,200
2016 $2,267 $31,200 $3,600 $27,600
2015 $2,267 $30,500 $7,265 $23,235
2014 $2,267 $30,200 $7,265 $22,935
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 277729

Greater Lansing Association of Realtors®

APN: 01-01-10-329-001