Seller's Agent in 2024
David Barone
RE/MAX Michigan
(517) 719-5727
1 in this area
63 Total Sales
1227 Bement St Lansing, MI 48912
Hunter Park NeighborhoodEstimated Value: $131,000 - $185,000
4
Beds
3
Baths
2,220
Sq Ft
$75/Sq Ft
Est. Value
Highlights
- Covered Patio or Porch
- High Speed Internet
- Back and Front Yard
- Forced Air Heating System
- Level Lot
- 3-minute walk to Hunter Park
About This Home
As of January 20242 single family homes located on the same city lot. 1227 Bement Street is a 4-bedroom, 2 full bathroom home with access and driveway from Bement St. 1229 Bement Street is a 2 Bedrooms, full bathroom with parking from back alley. Great cash flow with leases. Tenants pay for all utilities and maintain lawn and snow. Great investment or future 4-bedroom, 2 full bathroom home with a 2-bedroom, full bathroom home in the backyard with an in-law 2-bedroom home right out back.
Last Agent to Sell the Property
RE/MAX Real Estate Professionals License #6506039233 Listed on: 07/11/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,304
Year Built
- Built in 1905
Lot Details
- 5,532 Sq Ft Lot
- Lot Dimensions are 46x120
- Level Lot
- Back and Front Yard
Home Design
- Frame Construction
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 2,220 Sq Ft Home
- 2-Story Property
- Basement Fills Entire Space Under The House
- Laundry in unit
Parking
- 4 Parking Spaces
- Alley Access
- Driveway
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Natural Gas
- Gas Water Heater
- High Speed Internet
- Cable TV Available
Additional Features
- Covered Patio or Porch
- City Lot
Listing and Financial Details
- Total Actual Rent $26,400
Community Details
Overview
- 2 Units
Building Details
- Insurance Expense $1,600
- New Taxes Expense $3,304
- Net Operating Income $22,096
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 11, 2023
Closed on
Jan 18, 2024
Sold by
Dwa Llc
Bought by
La Enterprises Of The Pee Dee Llc
Seller's Agent
David Barone
RE/MAX Real Estate Professionals
Buyer's Agent
Rance Mask
EXIT Realty Home Partners
List Price
$199,999
Sold Price
$166,000
Premium/Discount to List
-$33,999
-17%
Views
268
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
$1,098
Avg. Annual Appreciation
0.39%
Purchase Details
Closed on
Jul 16, 2021
Sold by
Ward Dale
Bought by
Dwa Llc
Purchase Details
Listed on
Mar 25, 2019
Closed on
Jun 4, 2019
Sold by
King Melvin E
Bought by
Ward Dale
Seller's Agent
Carol Hazel Perry
Carol Hazel Real Estate, LLC
Buyer's Agent
Jill Powell
1st Choice Real Estate
List Price
$99,000
Sold Price
$85,000
Premium/Discount to List
-$14,000
-14.14%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.29%
Original Mortgage
$63,750
Interest Rate
4.1%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 19, 2011
Sold by
Stearns Sharon
Bought by
King Melvin E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,859
Interest Rate
4.22%
Mortgage Type
FHA
Purchase Details
Closed on
Jan 12, 2005
Sold by
Butler Fred Claude
Bought by
Stearns Sharon L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
8.95%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 5, 1998
Sold by
Butler Fred Claude
Bought by
Stearns Sharon
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 |
|---|---|---|---|
| La Enterprises Of The Pee Dee Llc | $166,000 | None Listed On Document | |
| Dwa Llc | -- | None Available | |
| Ward Dale | $85,000 | Liberty Title | |
| King Melvin E | $45,000 | Continental Title Agency | |
| Stearns Sharon L | $65,000 | Titlequest | |
| Stearns Sharon | $65,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Ward Dale | $63,750 | |
| Previous Owner | King Melvin E | $43,859 | |
| Previous Owner | Stearns Sharon L | $50,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/18/2024 01/18/24 | Sold | $166,000 | -7.7% | $75 / Sq Ft | |
| 11/17/2023 11/17/23 | Pending | -- | -- | -- | |
| 08/14/2023 08/14/23 | Price Changed | $179,900 | -10.0% | $81 / Sq Ft | |
| 07/11/2023 07/11/23 | For Sale | $199,999 | +135.3% | $90 / Sq Ft | |
| 06/04/2019 06/04/19 | Sold | $85,000 | -14.1% | $38 / Sq Ft | View Prior Sale |
| 04/14/2019 04/14/19 | Pending | -- | -- | -- | |
| 03/24/2019 03/24/19 | For Sale | $99,000 | -- | $45 / 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 |
|---|---|---|---|---|
| 2025 | $4,035 | $85,700 | $4,100 | $81,600 |
| 2024 | $31 | $68,500 | $4,100 | $64,400 |
| 2023 | $3,612 | $55,400 | $4,100 | $51,300 |
| 2022 | $3,304 | $48,500 | $3,500 | $45,000 |
| 2021 | $3,228 | $42,900 | $4,600 | $38,300 |
| 2020 | $3,204 | $38,400 | $4,600 | $33,800 |
| 2019 | $2,212 | $36,700 | $4,600 | $32,100 |
| 2018 | $2,091 | $30,000 | $4,600 | $25,400 |
| 2017 | $2,004 | $30,000 | $4,600 | $25,400 |
| 2016 | $1,960 | $29,500 | $4,600 | $24,900 |
| 2015 | $1,960 | $28,800 | $9,200 | $19,600 |
| 2014 | $1,960 | $29,000 | $9,660 | $19,340 |
Source: Public Records
Agents Affiliated with this Home
-
David Barone
-
Rance Mask
Buyer's Agent in 2024
Rance Mask
EXIT Realty Home Partners
(517) 803-2345
2 in this area
37 Total Sales
-
C
Seller's Agent in 2019
Carol Hazel Perry
Carol Hazel Real Estate, LLC
-
J
Buyer's Agent in 2019
Jill Powell
1st Choice Real Estate
Map
Source: Greater Lansing Association of Realtors®
MLS Number: 274401
APN: 01-01-15-379-111
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Copyright © 2025 Greater Lansing Association of REALTORS®
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