R
Seller's Agent in 2021
Ryan Taylor
EXP Realty - Lansing
121 Island Ave Lansing, MI 48910
Moores Park NeighborhoodEstimated Value: $178,000 - $224,000
--
Bed
--
Bath
2,584
Sq Ft
$80/Sq Ft
Est. Value
Highlights
- Earth Berm
- Forced Air Heating System
- Laundry Facilities
About This Home
As of March 2021Great opportunity to invest in upcoming REO Town. 4 Unit, brick maintenance free exterior. Two 3 bedroom units and two 1 bedroom units. Electric is sub-metered and paid by tenants. Gas has two meters and is currently paid by landlord, but could easily be billed back to tenants. 3/4 units are occupied (121 Dwn is rented for $600, leased until Oct 2021. 121 Up is rented for $830, leased until Nov 2021. 123 Dwn is rented for $650, leased until Jan 2022. 123 Up is vacant to allow for showings). 123 side has new furnace in 2020. Licensed and not due for inspection until 11/01/2022. 2020 entire building was painted inside. Property has all vinyl windows. Parking lot in rear. Lot next door also available for sale parcel: 33-01-01-21-329-011. Zoned for multi-family.
Last Agent to Sell the Property
Ryan Taylor
EXP Realty - Lansing License #6501427038 Listed on: 02/10/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,630
Year Built
- Built in 1915
Lot Details
- 4,617 Sq Ft Lot
- Lot Dimensions are 50x92
Home Design
- Earth Berm
- Shingle Roof
Interior Spaces
- 2,584 Sq Ft Home
- 2.5-Story Property
- Fire and Smoke Detector
- Washer and Electric Dryer Hookup
Basement
- Basement Fills Entire Space Under The House
- Shared Basement
- Natural lighting in basement
Parking
- 7 Parking Spaces
- No Garage
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Natural Gas
- Gas Water Heater
Listing and Financial Details
- Total Actual Rent $36,000
Community Details
Building Details
- Water Sewer Expense $1,400
- New Taxes Expense $3,630
- Net Operating Income $28,550
Additional Features
- 4 Units
- Laundry Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 10, 2021
Closed on
Mar 17, 2021
Sold by
Hall David
Bought by
Feeney Gerald and Feeney Terese
Seller's Agent
Ryan Taylor
EXP Realty - Lansing
Buyer's Agent
Shron Nathan
Five Star Real Estate - Lansing
List Price
$169,900
Sold Price
$168,000
Premium/Discount to List
-$1,900
-1.12%
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
$33,444
Avg. Annual Appreciation
4.83%
Original Mortgage
$126,000
Interest Rate
2.9%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 13, 2019
Sold by
Ramirez Michael A and Ramirez Judy
Bought by
Hall David
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
3.7%
Mortgage Type
Unknown
Purchase Details
Closed on
Sep 9, 2015
Sold by
Ramirez Michael A and Ramirez Judy
Bought by
Ramirez Michael A and Ramirez Judy
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$33,500
Interest Rate
3.91%
Mortgage Type
New Conventional
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 |
|---|---|---|---|
| Feeney Gerald | $168,000 | Liberty Title | |
| Hall David | $88,500 | None Available | |
| Ramirez Michael A | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Feeney Gerald | $126,000 | |
| Previous Owner | Hill David | $0 | |
| Previous Owner | Ramirez Michael A | $33,500 | |
| Previous Owner | Ramirez Michael A | $105,000 | |
| Closed | Hall David | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/17/2021 03/17/21 | Sold | $168,000 | -1.1% | $65 / Sq Ft |
| 02/19/2021 02/19/21 | Pending | -- | -- | -- |
| 02/09/2021 02/09/21 | For Sale | $169,900 | -- | $66 / Sq Ft |
Source: Greater Lansing 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 | $44 | $73,200 | $4,100 | $69,100 |
| 2023 | $5,245 | $63,500 | $4,100 | $59,400 |
| 2022 | $4,806 | $56,800 | $3,200 | $53,600 |
| 2021 | $3,579 | $43,300 | $3,000 | $40,300 |
| 2020 | $3,551 | $39,900 | $3,000 | $36,900 |
| 2019 | $2,771 | $36,100 | $3,000 | $33,100 |
| 2018 | $2,643 | $33,100 | $3,000 | $30,100 |
| 2017 | $2,687 | $33,100 | $3,000 | $30,100 |
| 2016 | $2,951 | $32,500 | $3,000 | $29,500 |
| 2015 | $2,951 | $31,500 | $6,084 | $25,416 |
| 2014 | $2,951 | $28,600 | $4,212 | $24,388 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2021
Shron Nathan
Five Star Real Estate - Lansing
(517) 706-1181
2 in this area
89 Total Sales
Map
Source: Greater Lansing Association of Realtors®
MLS Number: 252999
APN: 01-01-21-329-002
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