Seller's Agent in 2024
Derrek Sterken
Coldwell Banker Woodland Schmidt ART Office
(616) 403-3442
1 in this area
63 Total Sales
1109 E Oakland Ave Lansing, MI 48906
Northtown NeighborhoodEstimated Value: $42,000 - $104,000
3
Beds
1
Bath
864
Sq Ft
$82/Sq Ft
Est. Value
Highlights
- Traditional Architecture
- Forced Air Heating System
- Wood Siding
About This Home
As of June 2024Who do you know that is looking for rental property that is generating cash flow? This property is currently a licensed rental with the City of Lansing and would be a great opportunity for any investor. The estimated market rent for this property is around $1000/month. The roof was replaced in 2023, the furnace in 2020, and the water heater in 2017. This is a great rental at a great price, don't miss this opportunity!
Last Agent to Sell the Property
Coldwell Banker Woodland Schmidt ART Office License #6501451743 Listed on: 12/19/2023
Home Details
Home Type
- Single Family
Year Built
- Built in 1919
Lot Details
- 5,663 Sq Ft Lot
- Lot Dimensions are 44x132
Home Design
- Traditional Architecture
- Composition Roof
- Wood Siding
Interior Spaces
- 864 Sq Ft Home
- 2-Story Property
- Basement Fills Entire Space Under The House
- Laundry on main level
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Natural Gas Water Heater
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 19, 2023
Closed on
Jun 18, 2024
Sold by
25 Lansing Llc
Bought by
M & M Realty Investment Llc
Seller's Agent
Derrek Sterken
Coldwell Banker Woodland Schmidt ART Office
List Price
$70,000
Sold Price
$45,000
Premium/Discount to List
-$25,000
-35.71%
Views
121
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,078
Avg. Annual Appreciation
27.24%
Purchase Details
Closed on
Dec 16, 2022
Sold by
D W Sheets V Llc
Bought by
25 Lansing Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
6.61%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Nov 28, 2016
Sold by
Fannie Mae
Bought by
D W Sheets V Llc
Purchase Details
Closed on
Aug 23, 2016
Sold by
Ditech Financial Llc
Bought by
Fannie Mae and Federal National Mortgage Association
Purchase Details
Closed on
Jul 14, 2016
Sold by
Lames George A
Bought by
Ditech Inancial Llc
Purchase Details
Closed on
Apr 24, 2000
Sold by
Kistler Michael J and Kistler Mary E
Bought by
Bathrick Sharon K and Bunte James E Vande
Purchase Details
Closed on
Feb 15, 2000
Sold by
Bathrick Sharon K
Bought by
Bunte James E Vande
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$33,750
Interest Rate
8.19%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 27, 1984
Sold by
Bolhuis Donald D and Bolhuis Judy M
Bought by
Kistler Michael J and Kistler Mary E
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| M & M Realty Investment Llc | $45,000 | Chicago Title | |
| 25 Lansing Llc | $480,000 | -- | |
| D W Sheets V Llc | $8,600 | None Available | |
| Fannie Mae | -- | None Available | |
| Ditech Inancial Llc | $19,100 | None Available | |
| Bathrick Sharon K | -- | -- | |
| Bathrick Sharon K | $16,900 | -- | |
| Bunte James E Vande | -- | -- | |
| Kistler Michael J | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | 25 Lansing Llc | $900,000 | |
| Previous Owner | Vande Bunte James E | $33,913 | |
| Previous Owner | Bunte James E Vande | $33,750 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/17/2024 06/17/24 | Sold | $45,000 | -23.7% | $52 / Sq Ft |
| 06/02/2024 06/02/24 | Pending | -- | -- | -- |
| 05/25/2024 05/25/24 | Price Changed | $59,000 | -9.2% | $68 / Sq Ft |
| 04/08/2024 04/08/24 | Price Changed | $65,000 | -7.1% | $75 / Sq Ft |
| 12/19/2023 12/19/23 | For Sale | $70,000 | -- | $81 / Sq Ft |
Source: Southwestern Michigan Association of REALTORS®
Tax History Compared to Growth
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 | $19 | $29,600 | $4,400 | $25,200 |
| 2023 | $2,156 | $25,500 | $4,400 | $21,100 |
| 2022 | $1,565 | $22,800 | $3,100 | $19,700 |
| 2021 | $1,529 | $20,900 | $4,400 | $16,500 |
| 2020 | $1,518 | $19,500 | $4,400 | $15,100 |
| 2019 | $1,464 | $18,400 | $4,400 | $14,000 |
| 2018 | $1,390 | $17,000 | $4,400 | $12,600 |
| 2017 | $1,480 | $17,000 | $4,400 | $12,600 |
| 2016 | $4,476 | $16,700 | $4,400 | $12,300 |
| 2015 | $4,476 | $16,400 | $8,867 | $7,533 |
| 2014 | $4,476 | $16,300 | $8,867 | $7,433 |
Source: Public Records
Agents Affiliated with this Home
-
-
S
Seller Co-Listing Agent in 2024
Steve Sterken
Coldwell Banker Woodland Schmidt ART Office
(616) 772-5478
1 in this area
90 Total Sales
Map
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 23145293
APN: 01-01-10-330-151
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