NOT LISTED FOR SALE

1111 Astwood Mews Ln Saint Johns, MI 48879

Estimated Value: $550,000 - $600,000

-- Bed
4 Baths
5,304 Sq Ft
$107/Sq Ft Est. Value

Last Sold September 29, 2023

Last sale price $525,000 $99 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $4,426/month

6 Days on Market

Highlights

  • Traditional Architecture
  • Laundry closet
  • Forced Air Heating and Cooling System
  • Corner Lot
  • Landscaped
  • Carpet

About This Home

As of September 2023

Exceptionally maintained 4 unit building, fully rented and conveniently located. 1250 sq ft per unit, each with 2 beds & 2 baths. All units have their own furnace and A/C units. Furnaces & A/C units are approx 2.5 years old. There are 4 separate water heaters. Roof is approx 9-10 years old. Each unit has a fireplace, and W/D! Excellent investment! 3 year city of St. Johns rental permit completed 6/2023 (inspected & approved). *Water and sewer expense is total building yearly average. Tenants pay electric, gas (common area electric 30/M)

Last Agent to Sell the Property

Jennifer Seguin

RE/MAX RE Professionals Okemos License #6502339619 Listed on: 08/17/2023

Co-Listed By

Michael Sprague

RE/MAX Real Estate Professionals License #6502132373

Last Buyer's Agent

Non Member

Non Member Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,150

Year Built

  • Built in 1998

Lot Details

  • 0.5 Acre Lot
  • Lot Dimensions are 133x165
  • Landscaped
  • Corner Lot
  • Rectangular Lot

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 5,304 Sq Ft Home
  • 2-Story Property
  • Window Screens
  • Laundry closet

Flooring

  • Carpet
  • Vinyl

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 10 Parking Spaces
  • 4 Carport Spaces
  • Common or Shared Parking
  • Parking Lot

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Cable TV Available

Additional Features

  • Rain Gutters
  • City Lot

Listing and Financial Details

  • Total Actual Rent $58,800

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $360
  • Insurance Expense $3,180
  • Maintenance Expense $13,500
  • Water Sewer Expense $4,000
  • New Taxes Expense $10,150
  • Operating Expense $27,190
  • Net Operating Income $31,610

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,150

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Gross Rent: 58800.0
  • Net Income: 31610.0
  • Total Expense: 27190.0
  • Water Sewer Expenses: 4000.0
  • Misc Business Info Parking Surface: Asphalt
  • Misc Business Info Roof Type: Shingle
  • Tax Year: 2022
  • Registered Licenses for Unrelated Occupants: 4
  • Misc Business Info Overall Building Siz: 5304
  • Unit Information License Register Exp: 2026-06-01
  • Levels: Two
  • Year Built: 1998
  • Lot Size Acres: 0.5
  • Lot Size: 133x165
  • Co List Office Mls Id: 1103
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 5304.0
  • Architectural Style: Traditional
  • General Property Info:Lot Size Dimensions: 133x165
  • General Property Info:Above Grade Finished Area: 5304.0
  • Levels:Two2: Yes
  • Flooring:Carpet: Yes
  • Foundation Details:Slab: Yes
  • Sewer:Public Sewer: Yes
  • Utilities:Cable Available: Yes
  • Roof:Shingle: Yes
  • Security Features:Smoke Detector(s): Yes
  • Cooling:Central Air: Yes
  • Exterior:Vinyl Siding: Yes
  • Flooring:Vinyl2: Yes
  • Security Features:Carbon Monoxide Detector(s): Yes
  • Laundry Features:Laundry Closet: Yes
  • Architectural Style:Traditional: Yes
  • Tax Info:Taxes2: 10150.38
  • Tax Info:Zoning3: Residential
  • General Property Info:Building 1 Description: Multi-Family
  • General Property Info:_pound_ of Units: 4
  • Annual Inc Expense:Insurance4: 3180.0
  • Annual Inc Expense:Tax Expense2: 10150.0
  • Annual Inc Expense:Maintenance3: 13500.0
  • Annual Inc Expense:Electricity5: 360.0
  • Misc Business Info Zoning5: Multi
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Heating: Central, Forced Air, Natural Gas
  • Flooring: Carpet, Vinyl
  • Property Type: Resid/Multi-Family
  • Window Features: Screens
  • Laundry Features:In Unit: Yes

Exterior Features

  • Roof: Shingle
  • ExteriorFeatures: Rain Gutters
  • Foundation Details: Slab
  • Lot Features: City Lot, Landscaped, Rectangular Lot, Corner Lot
  • RoadFrontageType: City Street
  • RoadSurfaceType: Asphalt
  • Construction Type: Vinyl Siding
  • Lot Features:City Lot: Yes
  • Window Features:Screens: Yes
  • Exterior Features:Rain Gutters: Yes
  • Lot Features:Landscaped: Yes
  • Lot Features:Rectangular Lot: Yes
  • Lot Features:Corner Lot: Yes

Garage/Parking

  • Total Parking Spaces: 10.0
  • Parking Features: Common, Asphalt, Carport, Parking Lot
  • Attached Garage: No
  • Carport Spaces: 4.0
  • Parking Features:Asphalt2: Yes
  • Parking Features:Carport: Yes
  • Parking Features:Common: Yes
  • Misc Business Info:_pound_ Parking: 10
  • General Property Info:Parking Total: 10
  • Parking Features:Parking Lot: Yes
  • Parking Features:Carport Spaces2: 4

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • LaundryFeatures: In Unit, Laundry Closet
  • SecurityFeatures: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Utilities: Cable Available
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes
  • Heating:Central: Yes

Fee Information

  • Annual Water Sewer Expense: 4000.0

Schools

  • Junior High Dist: St. Johns

Lot Info

  • Lot Size Sq Ft: 21780.0
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 4
  • Electric Expense: 360.0
  • Insurance Expense: 3180.0
  • Maintenance Expense: 13500.0
  • Property Net Operating Income: 31610.0

Tax Info

  • New Taxes Expense: 10150.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2023
Closed on
Sep 29, 2023
Sold by
Malesky Dana Rene
Bought by
Sorensen Stephen
Seller's Agent
Jennifer Seguin
RE/MAX RE Professionals Okemos
Buyer's Agent
Non Member
Non Member Office
List Price
$525,000
Sold Price
$525,000
Views
78
Current Estimated Value
$571,266

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,266
Avg. Annual Appreciation
4.09%

Purchase Details

Listed on
Apr 7, 2022
Closed on
May 11, 2022
Sold by
Vir Singh Sudesh
Bought by
Malesky Dana Rene
Seller's Agent
Kim Lundberg
Keller Williams Realty Lansing
Buyer's Agent
Jennifer Seguin
RE/MAX Real Estate Professionals
List Price
$449,900
Sold Price
$480,000
Premium/Discount to List
$30,100
6.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.66%

Purchase Details

Closed on
Jul 2, 2012
Sold by
Sudesh & Swaranjit Singh Family Trust
Bought by
Singh Sudesh Vir and Singh Swaranjit Kaur
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 Buyer Sale Price Title Company
Sorensen Stephen $525,000 None Listed On Document
Malesky Dana Rene $480,000 Transnation Title
Singh Sudesh Vir -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2023 09/29/23 Sold $525,000 0.0% $99 / Sq Ft
08/23/2023 08/23/23 Pending -- -- --
08/17/2023 08/17/23 For Sale $525,000 +9.4% $99 / Sq Ft
05/11/2022 05/11/22 Sold $480,000 +6.7% $90 / Sq Ft
04/10/2022 04/10/22 Pending -- -- --
04/06/2022 04/06/22 For Sale $449,900 -- $85 / 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 $15,570 $292,600 $21,300 $271,300
2024 $8,131 $277,900 $21,300 $256,600
2023 $7,598 $262,500 $0 $0
2022 $10,150 $235,500 $18,600 $216,900
2021 $9,865 $222,300 $16,000 $206,300
2020 $9,581 $211,700 $14,600 $197,100
2019 $9,343 $190,600 $14,600 $176,000
2018 $8,727 $177,000 $14,600 $162,400
2017 -- $179,300 $14,600 $164,700
2016 -- $166,200 $19,200 $147,000
2015 -- $162,300 $0 $0
2011 -- $149,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 275363

Greater Lansing Association of Realtors®

APN: 300-115-000-001-60