NOT LISTED FOR SALE

1135 S Grand Ave Lansing, MI 48910

Reo Town Neighborhood

Estimated Value: $102,000 - $148,000

3 Beds
2 Baths
1,500 Sq Ft
$83/Sq Ft Est. Value

Last Sold July 02, 2019

Last sale price $38,000 $25 Per Sq Ft

Est. 226% increase in value since last sale

Current estimated payment $912/month

About This Home

As of July 2019

Great opportunity for an investor! Sold AS-IS! This two-unit home has a lot to offer! Lower unit offers 950 sq ft with 2 bedrooms and kitchen with new gas stove, fridge, new windows, and blinds. Upper level offers 550 sq ft with 1 bedroom, living room, bathroom, kitchen with stove and refrigerator. High efficiency furnaces & water heater were replaced couple years ago. Transferable rental license. Great location near Downtown, Cooley Law College, convenient to CATA Bus service.

Last Agent to Sell the Property

Peter MacIntyre

RE/MAX Real Estate Professionals, Inc. Grand River License #6506040989 Listed on: 06/07/2019

Last Buyer's Agent

Peter MacIntyre

RE/MAX Real Estate Professionals License #6506040989

RE/MAX Real Estate Professionals

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1884

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 38x132

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,500 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Parking

  • 3 Parking Spaces
  • No Garage
  • Gravel Driveway
  • Dirt Driveway

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1884

Lot Details

0

Listing Details

  • Tax Year: 2018
  • Levels: Two
  • Year Built: 1884
  • Lot Size Acres: 0.12
  • Lot Size: 38x132
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 1500.0
  • General Property Info:Lot Size Dimensions: 38x132
  • General Property Info:Above Grade Finished Area: 1500.0
  • Levels:Two2: Yes
  • Sewer:Public Sewer: Yes
  • Exterior:Brick: Yes
  • Parking Features:Dirt3: Yes
  • Tax Info:Taxes2: 2170.83
  • Tax Info:Zoning3: Residential
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:Building 1 Description: Two story
  • General Property Info:_pound_ of Units: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Construction Type: Brick

Garage/Parking

  • Parking Features: Dirt, Gravel, No Garage
  • Attached Garage: No
  • Parking Features:Gravel2: Yes
  • Parking Features:No Garage: Yes
  • General Property Info:Parking Total: 3

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Sq Ft: 5227.2
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Carrier Route: 1613

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2019
Closed on
Jul 2, 2019
Sold by
Sam Rental Llc
Bought by
Reo Flats Llc
Seller's Agent
Peter MacIntyre
RE/MAX Real Estate Professionals, Inc. Grand River
Buyer's Agent
Peter MacIntyre
RE/MAX Real Estate Professionals
List Price
$45,000
Sold Price
$38,000
Premium/Discount to List
-$7,000
-15.56%
Current Estimated Value
$123,991

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,991
Avg. Annual Appreciation
20.76%

Purchase Details

Closed on
Sep 21, 2011
Sold by
Bank Of America Na
Bought by
Fannie Mae and Federal National Mortgage Association

Purchase Details

Closed on
Sep 1, 2011
Sold by
Lockhart Delicia N and Lockhart Anthony S
Bought by
Bank Of America Na

Purchase Details

Closed on
Sep 22, 2006
Sold by
Carter Laron
Bought by
Deutsche Bank National Trust Co and Argent Mortgage Loan Asset Backed Notes

Purchase Details

Closed on
Aug 24, 2006
Sold by
Carter Laron
Bought by
Deutsche Bank National Trust Co and Argent Mortgage Loan Asset Backed Notes

Purchase Details

Closed on
Jan 4, 2005
Sold by
Penoyer Byron
Bought by
Carter Laron

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,200
Interest Rate
7.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 8, 2003
Sold by
Us Bank Na
Bought by
Us Bank Na and Eqcc Horne Equity Loan Trust 1999-2

Purchase Details

Closed on
Jul 11, 2002
Sold by
Zimmerman David
Bought by
Us Bank National Assn and First Bank National Assn

Purchase Details

Closed on
May 19, 1998
Sold by
Boegner Alex J and Boegner Mary
Bought by
Zimmerman David
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
Reo Flats Llc $38,000 None Available
Fannie Mae -- None Available
Bank Of America Na $43,344 None Available
Deutsche Bank National Trust Co -- E Title Agency
Deutsche Bank National Trust Co $72,996 None Available
Carter Laron $78,000 --
Us Bank Na -- Fatic
Us Bank National Assn $39,722 --
Zimmerman David $29,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Carter Laron $70,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/02/2019 07/02/19 Sold $38,000 -15.6% $25 / Sq Ft
06/08/2019 06/08/19 Pending -- -- --
06/07/2019 06/07/19 For Sale $45,000 +800.0% $30 / Sq Ft
02/10/2012 02/10/12 Sold $5,000 -48.1% $3 / Sq Ft View Prior Sale
01/25/2012 01/25/12 Pending -- -- --
11/08/2011 11/08/11 For Sale $9,630 -- $6 / 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 $3,019 $49,100 $3,800 $45,300
2024 $25 $47,200 $3,800 $43,400
2023 $2,841 $40,200 $3,800 $36,400
2022 $2,594 $38,600 $2,900 $35,700
2021 $2,534 $34,100 $3,500 $30,600
2020 $2,516 $31,000 $3,500 $27,500
2019 $2,289 $29,200 $3,500 $25,700
2018 $2,171 $28,700 $3,500 $25,200
2017 $2,089 $28,700 $3,500 $25,200
2016 $2,030 $28,200 $3,500 $24,700
2015 $2,030 $27,000 $6,985 $20,015
2014 $2,030 $26,900 $6,985 $19,915
Source: Public Records

Agents Affiliated with this Home

  • Peter MacIntyre

    Buyer's Agent in 2019

    Peter MacIntyre

    RE/MAX Michigan

    (517) 256-6664

    492 Total Sales

    Peter MacIntyre
    Section Image
  • Tony Schmidt

    Seller's Agent in 2012

    Tony Schmidt

    Tony R. Schmidt Realty, Inc

    (517) 339-2558

    71 Total Sales

    Tony Schmidt
    Section Image
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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 237346

Greater Lansing Association of Realtors®

APN: 01-01-21-258-040

Michigan Ingham County Lansing 48910 Reo Town

1135 S Grand Ave, Lansing, MI

This home is located at 1135 S Grand Ave, Lansing, MI 48910 since 07 June 2019 and is currently estimated at $123,991, approximately $82 per square foot. This property was built in 1884. 1135 S Grand Ave is a home located in Ingham County with nearby schools including Riddle Elementary School, Pattengill Academy, and J.W. Sexton High School.

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