NOT LISTED FOR SALE

1031 Ann St Unit 1033 East Lansing, MI 48823

Estimated Value: $347,000 - $424,000

10 Beds
4 Baths
1,350 Sq Ft
$297/Sq Ft Est. Value

Last Sold November 15, 2024

Last sale price $413,500 $306 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $2,986/month

6 Days on Market

Highlights

  • 2 Acre Lot
  • Ranch Style House
  • 2 Car Garage
  • Marble Elementary School Rated A-
  • Forced Air Heating System
  • 2-minute walk to Stoddard Park

About This Home

As of November 2024

Location, Location, Location - Unlock the potential of a prime investment opportunity in the vibrant community of East Lansing. Located blocks from the beautiful campus of Michigan State University, this duplex features 3+ bedrooms, 2 bathrooms and laundry on each side. Currently licensed for 6 and rented through July 2025. Whether you're looking to diversify your portfolio or enter the thriving student housing market, this property is a must-see!

Last Listed By

Melissa Wright

Keller Williams Realty Lansing License #6501448912 Listed on: 10/23/2024

Keller Williams Realty Lansing

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 2 Acre Lot
  • Lot Dimensions are 65x120
  • Rectangular Lot
  • Back Yard Fenced and Front Yard

Parking

  • 2 Car Garage
  • Driveway

Home Design

  • Duplex
  • Ranch Style House
  • Brick Exterior Construction
  • Block Foundation
  • Shingle Roof

Interior Spaces

  • 1,350 Sq Ft Home
  • Insulated Windows

Flooring

  • Carpet
  • Vinyl

Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Laundry in Basement
  • Basement Window Egress

Schools

  • Marble Elementary School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • 100 Amp Service
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Rain Gutters
  • City Lot

Community Details

  • 2 Units
  • Strathmore Subdivision

Listing and Financial Details

  • Total Actual Rent $48,768

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

0

Parking

2

Listing Details

  • Gross Rent: 48768.0
  • Misc Business Info Parking Surface: paved
  • Misc Business Info Roof Type: shingle
  • Tax Year: 2023
  • Registered Licenses for Unrelated Occupants: 6
  • Unit Information License Register Exp: 2024-11-28
  • Levels: One
  • Year Built: 1949
  • Lot Size Acres: 2.0
  • Lot Size: 65x120
  • Subdivision Name: Strathmore
  • Above Grade Finished Sq Ft: 1350.0
  • Architectural Style: Ranch
  • General Property Info:Lot Size Dimensions: 65x120
  • General Property Info:Above Grade Finished Area: 1350.0
  • General Property Info:Elementary School: Marble School
  • General Property Info:Spa2: No
  • General Property Info:Waterfront: No
  • Laundry Features:In Basement: Yes
  • Flooring:Carpet: Yes
  • Foundation Details:Block4: Yes
  • Fencing:Partial2: Yes
  • Sewer:Public Sewer: Yes
  • Utilities:Cable Available: Yes
  • Roof:Shingle: Yes
  • Levels:One: Yes
  • Fencing:Back Yard: Yes
  • Architectural Style:Ranch: Yes
  • Exterior:Brick: Yes
  • Flooring:Vinyl2: Yes
  • General Property Info:Pool Private2: No
  • Cooling:None8: Yes
  • Location Legal Info:Senior Community: No
  • Utilities:High Speed Internet Connected: Yes
  • Tax Info:Taxes2: 10600.0
  • Tax Info:Zoning3: Multi-Family
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:Building 1 Description: Duplex
  • General Property Info:_pound_ of Units: 2
  • Misc Business Info Zoning5: R3
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Egress Windows, Full, Sump Pump
  • Heating: Forced Air, Natural Gas
  • Flooring: Carpet, Vinyl
  • Property Type: Resid/Multi-Family
  • SpaFeatures: None
  • Window Features: Insulated Windows
  • Private Spa: No
  • Full Basement: Yes
  • Basement:Sump Pump: Yes
  • Basement:Egress Windows: Yes
  • Community Features:None24: Yes

Exterior Features

  • Roof: Shingle
  • ExteriorFeatures: Rain Gutters
  • Fencing: Back Yard, Partial
  • Foundation Details: Block
  • Lot Features: Back Yard, City Lot, Front Yard, Rectangular Lot
  • PoolFeatures: None
  • RoadFrontageType: City Street
  • RoadSurfaceType: Paved
  • Patio And Porch Features: None
  • Pool Private: No
  • Waterfront: No
  • Construction Type: Brick
  • Lot Features:Back Yard2: Yes
  • Lot Features:City Lot: Yes
  • Lot Features:Front Yard2: Yes
  • Exterior Features:Rain Gutters: Yes
  • Window Features:Insulated Windows: Yes
  • Lot Features:Rectangular Lot: Yes
  • Patio Porch Features:None5: Yes

Garage/Parking

  • Total Parking Spaces: 4.0
  • Parking Features: Driveway, Garage
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features:Driveway: Yes
  • Parking Features:Garage2: Yes
  • Misc Business Info:_pound_ Parking: 4
  • General Property Info:Parking Total: 4
  • Parking Features:Garage Spaces2: 2

Utilities

  • Sewer: Public Sewer
  • Appliances: Gas Water Heater
  • Cooling: None
  • Electric: 100 Amp Service
  • LaundryFeatures: In Basement
  • Utilities: High Speed Internet Connected, Cable Available
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: None
  • Association Amenities: None
  • Senior Community: No

Association/Amenities

  • Association Amenities:None12: Yes

Schools

  • Elementary School: Marble School
  • Junior High Dist: East Lansing

Lot Info

  • Lot Size Sq Ft: 87120.0
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 23, 2024
Closed on
Nov 14, 2024
Sold by
Tintagel Llc
Bought by
Mohr Diane and Mohr Raymond
Seller's Agent
Melissa Wright
Keller Williams Realty Lansing
Buyer's Agent
Melissa Wright
Keller Williams Realty Lansing
List Price
$379,900
Sold Price
$413,500
Premium/Discount to List
$33,600
8.84%
Total Days on Market
6
Views
29
Current Estimated Value
$401,225

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$12,275
Avg. Annual Appreciation
-6.09%

Purchase Details

Closed on
Feb 28, 2019
Sold by
Grant Norman
Bought by
Tintagel Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,550
Interest Rate
4.4%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Feb 28, 2018
Sold by
1031 1033 Ann St Trust
Bought by
Grant Norman

Purchase Details

Closed on
Jul 10, 2015
Sold by
Grant Properties Llc
Bought by
1031 1033 Ann St Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,929
Interest Rate
3.65%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 23, 2011
Sold by
Philbin Susan M and Reddie Charles E
Bought by
Grant Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,780
Interest Rate
4.96%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Nov 12, 2004
Sold by
Score Properties Inc
Bought by
Philbin Patrick J and Philbin Susan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 2, 1997
Sold by
Danford George W
Bought by
Score Properties Inc

Purchase Details

Closed on
Jun 1, 1989

Purchase Details

Closed on
Nov 1, 1986

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
Mohr Diane $413,500 Liberty Title
Mohr Diane $413,500 Liberty Title
Tintagel Llc $315,400 Transnation Title Agency
Grant Norman -- None Available
1031 1033 Ann St Trust -- None Available
Grant Properties Llc $213,475 First American Title Ins Co
Philbin Patrick J $250,000 --
Score Properties Inc $110,000 --
-- $83,500 --
-- $72,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tintagel Llc $236,550
Previous Owner Grant Norman $194,400
Previous Owner Grant Properties Llc $201,929
Previous Owner Grant Properties Llc $170,780
Previous Owner Philbin Patrick J $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2024 11/15/24 Sold $413,500 +8.8% $306 / Sq Ft
10/29/2024 10/29/24 Pending -- -- --
10/23/2024 10/23/24 For Sale $379,900 -- $281 / 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 -- $220,600 $36,100 $184,500
2023 $10,284 $201,200 $33,500 $167,700
2022 $9,564 $176,900 $29,100 $147,800
2021 $9,369 $172,600 $27,000 $145,600
2020 $9,363 $121,400 $25,000 $96,400
2019 $8,785 $121,400 $24,900 $96,500
2018 $9,349 $117,900 $25,400 $92,500
2017 $9,019 $114,500 $24,100 $90,400
2016 -- $113,400 $24,500 $88,900
2015 -- $119,000 $46,800 $72,200
2014 -- $113,400 $46,150 $67,250
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 284444

Greater Lansing Association of Realtors®

APN: 20-02-18-225-007