NOT LISTED FOR SALE

1037 Bement St Lansing, MI 48912

Hunter Park Neighborhood

Estimated Value: $128,000 - $152,000

-- Bed
-- Bath
-- Sq Ft
4,748 Sq Ft Lot

Last Sold May 10, 2024

Last sale price $140,000

Current estimated payment $887/month

1 Day on Market

Highlights

  • 1 Fireplace
  • Forced Air Heating System
  • Level Lot

About This Home

As of May 2024

This purpose-built side-by-side duplex is designed for investor profitability located just 5-minutes from Lansing College. Each unit boasts separate electrical and gas meters (paid by tenants), ensuring efficiency and ease of management. Both units have undergone recent upgrades in 2023 and 2024, including new carpeting, fresh paint, and hot water heaters. With a solid rental history and market rents of $1100+ per month per unit (a total of $2200 for both units), this duplex promises a steady stream of income. Unit 1101 is leased at $1000/month. Schedule a viewing now and seize the chance to own this lucrative duplex!

Last Agent to Sell the Property

Sandi Gentry

RE/MAX Lakeshore License #6506045021 Listed on: 03/26/2024

RE/MAX Lakeshore

Last Buyer's Agent

Ricardo Cottengim

Cody & Co. License #6501449911

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,394

Year Built

  • Built in 1909

Lot Details

  • 4,748 Sq Ft Lot
  • Lot Dimensions are 39.5 x 120
  • Level Lot

Parking

  • 2 Parking Spaces

Home Design

  • Vinyl Siding

Interior Spaces

  • 1 Fireplace

Basement

  • Michigan Basement
  • Crawl Space

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Individual Gas Meter
  • Phone Available
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for electric, water, trash collection, sewer, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,394

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1909
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 39.5 x 120
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 3393.73
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Heat Type:Forced Air: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Lot Description:Level: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Cable2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Substructure:Michigan Basement: Yes
  • Substructure:Crawl Space: Yes
  • Extras:Sep Gas Meter: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Crawl Space, Michigan Basement
  • Basement: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 134900.0
  • Lot Features: Level
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 2.0
  • General Property Info:Total Parking Spaces: 2.0

Utilities

  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Phone Available, Public Water Available, Public Sewer Available, Natural Gas Available, Electric Available, Cable Available, Natural Gas Connected, Electric Connected

Lot Info

  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Dimensions: 39.5 x 120
  • Lot Size Sq Ft: 4748.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: None
  • Tenant Pays: Electric, Water, Trash Collection, Sewer, Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 3393.73
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2024
Closed on
May 8, 2024
Sold by
Oikos Properties Llc
Bought by
Ritzema Kevin
Seller's Agent
Sandi Gentry
RE/MAX Lakeshore
Buyer's Agent
Ricardo Cottengim
Cody & Co.
List Price
$134,900
Sold Price
$140,000
Premium/Discount to List
$5,100
3.78%
Views
27
Current Estimated Value
$140,441

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$441
Avg. Annual Appreciation
0.22%
Original Mortgage
$105,000
Interest Rate
6.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 28, 2022
Sold by
Vernon House Llc
Bought by
Oikos Properties Llc

Purchase Details

Listed on
Nov 10, 2021
Closed on
Dec 29, 2021
Sold by
Sipeolu Oluwaseun
Bought by
The Vernon House Llc
Seller's Agent
Fawn Lachapelle
The Gateway Group @ Keller Williams
Buyer's Agent
Non Member
Non Member Office
List Price
$134,900
Sold Price
$136,500
Premium/Discount to List
$1,600
1.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.76%
Original Mortgage
$108,400
Interest Rate
3.05%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Nov 14, 2014
Sold by
Sands David P and Sands Sueann M
Bought by
Sipeolu Oluwaseun

Purchase Details

Closed on
Jun 1, 2011
Sold by
Sands David P and Sands Sueann M
Bought by
Sands David P and Sands Sueann M
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Ritzema Kevin $140,000 Chicago Title
Oikos Properties Llc $9,000 --
The Vernon House Llc $136,500 None Available
Sipeolu Oluwaseun $30,000 Parks Legacy Title
Sands David P -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ritzema Kevin $105,000
Previous Owner The Vernon House Llc $108,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/10/2024 05/10/24 Sold $140,000 +3.8% --
03/27/2024 03/27/24 Pending -- -- --
03/26/2024 03/26/24 For Sale $134,900 -1.2% --
12/29/2021 12/29/21 Sold $136,500 +1.2% $67 / Sq Ft View Prior Sale
11/22/2021 11/22/21 Pending -- -- --
11/09/2021 11/09/21 For Sale $134,900 -- $66 / Sq Ft
Source: Southwestern Michigan 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 $4,257 $67,500 $3,600 $63,900
2024 $35 $58,400 $3,600 $54,800
2023 $4,009 $47,200 $3,600 $43,600
2022 $3,394 $41,400 $3,000 $38,400
2021 $2,142 $36,600 $4,000 $32,600
2020 $2,126 $33,200 $4,000 $29,200
2019 $3,596 $31,700 $4,000 $27,700
2018 $1,947 $23,600 $4,000 $19,600
2017 $1,871 $23,600 $4,000 $19,600
2016 $1,829 $23,200 $4,000 $19,200
2015 $1,829 $22,700 $7,900 $14,800
2014 $1,829 $22,800 $8,295 $14,505
Source: Public Records

Agents Affiliated with this Home

  • Sandi Gentry

    Seller's Agent in 2024

    Sandi Gentry

    RE/MAX Michigan

    (616) 935-1150

    1 in this area

    1,325 Total Sales

    Sandi Gentry
    Section Image

  • R

    Buyer's Agent in 2024

    Ricardo Cottengim

    Cody & Co.

    (810) 300-5073

    1 in this area

    20 Total Sales

    Ricardo Cottengim
    Section Image

  • F

    Seller's Agent in 2021

    Fawn Lachapelle

    The Gateway Group @ Keller Williams

  • N

    Buyer's Agent in 2021

    Non Member

    Non Member Office

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 24014343

Southwestern Michigan Association of REALTORS®

APN: 01-01-15-378-141

Michigan Ingham County Lansing 48912 Hunter Park

1037 Bement St, Lansing, MI

This home is located at 1037 Bement St, Lansing, MI 48912 since 26 March 2024 and is currently estimated at $140,441. This property was built in 1909. 1037 Bement St is a home located in Ingham County with nearby schools including Pattengill Academy, Riddle Elementary School, 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.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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