J
Seller's Agent in 2019
Jennifer Worthington
Community Realty, LLC
1225 N Chestnut St Lansing, MI 48906
Old Forest Neighborhood
--
Bed
--
Bath
1,504
Sq Ft
3,920
Sq Ft Lot
Highlights
- Corner Lot
- Forced Air Heating System
- 3-minute walk to Edmore Park
- Covered patio or porch
- Wood Siding
About This Home
As of April 2019Great income opportunity for an owner occupant or an investor. Home just went through rental inspections and is licensed with the city. Lower unit is 3 beds 2 baths. Was rented between $850-$950/mo. Lower unit includes basement access. Upper unit is 2 beds/ 2 baths. Was rented for $700-$750/mo. Both units were rented with all bills paid. Brand new water heater installed 1/2019. Central air. If you're looking for cash flow, this is it! Home is priced to sell and is being sold as is. Broker is a member/owner of Pinnacle Real Estate Investments and property.
Last Agent to Sell the Property
Jennifer Worthington
Community Realty, LLC License #6506048661 Listed on: 01/19/2019
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1908
Lot Details
- 3,920 Sq Ft Lot
- Lot Dimensions are 72x55
- Corner Lot
Home Design
- Shingle Roof
- Wood Siding
Interior Spaces
- 1,504 Sq Ft Home
- 2-Story Property
- Partially Finished Basement
- Basement Fills Entire Space Under The House
- Fire and Smoke Detector
Parking
- 3 Parking Spaces
- No Garage
Outdoor Features
- Covered patio or porch
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Gas Water Heater
Listing and Financial Details
- Total Actual Rent $19,200
Community Details
Overview
- 2 Units
Building Details
- Electric Expense $3,600
- Insurance Expense $900
- Maintenance Expense $500
- Other Expense $900
- New Taxes Expense $2,800
- Net Operating Income $10,500
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 19, 2019
Closed on
Apr 15, 2019
Sold by
Pinnacle Real Estate Investments Llc
Bought by
Farooq Umar
Seller's Agent
Jennifer Worthington
Community Realty, LLC
Buyer's Agent
Michael Williams
RE/MAX Real Estate Professionals
List Price
$55,900
Sold Price
$55,900
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
$42,924
Avg. Annual Appreciation
9.48%
Original Mortgage
$45,600
Interest Rate
4.3%
Mortgage Type
New Conventional
Purchase Details
Listed on
Apr 29, 2015
Closed on
Jun 3, 2015
Sold by
Martin Howard J and Martin Yvonne E
Bought by
Pinnacle Real Estate Investments Llc
Seller's Agent
Lisa Ramont
Coldwell Banker Professionals-E.L.
Buyer's Agent
Jennifer Worthington
Exp Realty
List Price
$31,900
Sold Price
$24,000
Premium/Discount to List
-$7,900
-24.76%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.28%
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $57,000 | None Available | |
| Warranty Deed | $24,000 | Tri County Title Agency Llc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $68,162 | Credit Line Revolving | |
| Closed | $45,600 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/22/2019 04/22/19 | Sold | $55,900 | 0.0% | $37 / Sq Ft |
| 01/23/2019 01/23/19 | Pending | -- | -- | -- |
| 01/18/2019 01/18/19 | For Sale | $55,900 | +132.9% | $37 / Sq Ft |
| 06/03/2015 06/03/15 | Sold | $24,000 | -24.8% | $16 / Sq Ft |
| 05/26/2015 05/26/15 | Pending | -- | -- | -- |
| 04/29/2015 04/29/15 | For Sale | $31,900 | -- | $21 / 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 | $27 | $53,100 | $4,200 | $48,900 |
| 2023 | $3,226 | $43,100 | $4,200 | $38,900 |
| 2022 | $2,953 | $38,900 | $4,700 | $34,200 |
| 2021 | $2,885 | $36,100 | $7,300 | $28,800 |
| 2020 | $2,864 | $34,000 | $7,300 | $26,700 |
| 2019 | $2,469 | $32,700 | $7,300 | $25,400 |
| 2018 | $2,346 | $28,500 | $7,300 | $21,200 |
| 2017 | $2,256 | $28,500 | $7,300 | $21,200 |
| 2016 | $1,979 | $28,000 | $7,300 | $20,700 |
| 2015 | $1,979 | $27,200 | $14,549 | $12,651 |
| 2014 | $1,979 | $25,700 | $15,750 | $9,950 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2019
Michael Williams
RE/MAX Michigan
(517) 331-3203
84 Total Sales
-
L
Seller's Agent in 2015
Lisa Ramont
Coldwell Banker Professionals-E.L.
Map
Source: Greater Lansing Association of Realtors®
MLS Number: 233375
APN: 01-01-09-302-161
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