NOT LISTED FOR SALE

1234 Weber Dr Lansing, MI 48912

Groesbeck Neighborhood

Estimated Value: $263,070 - $314,000

2 Beds
1 Bath
2,102 Sq Ft
$135/Sq Ft Est. Value

Last Sold December 10, 2021

Last sale price $245,000 $117 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $2,147/month

9 Days on Market

About This Home

As of December 2021

Outstanding ranch duplex in Groesbeck. Lansing Township. 2 bedroom, 2 bath with garage and 2 bed 1.5 bath with carport, full basement. Great tenants, beautiful condition, windows in 2000, roof 2019. Patio & Shed. Fantastic owner occupancy opportunity or investment. Call agent to show ( need notice)

Last Agent to Sell the Property

James Kost

Coldwell Banker Professionals-E.L. License #6502353412 Listed on: 10/26/2021

Coldwell Banker Professionals-E.L.

Last Buyer's Agent

Ryan Taylor

EXP Realty - Lansing License #6501427038

EXP Realty - Lansing

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,400

Year Built

  • Built in 1967

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 94x139
  • Back Yard Fenced

Home Design

  • Ranch Style House
  • Block Foundation
  • Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 2,102 Sq Ft Home
  • Basement
  • Laundry in Basement

Parking

  • 1 Car Garage
  • Carport

Utilities

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

Listing and Financial Details

  • Total Actual Rent $21,000

Community Details

Overview

  • 2 Units
  • Grand River Terrace Subdivision

Building Details

  • Insurance Expense $958
  • Other Expense $600
  • New Taxes Expense $4,400
  • Operating Expense $5,958
  • Net Operating Income $20,402

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,400

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Gross Rent: 21000.0
  • Miscellaneous: 600.0
  • Net Income: 20402.0
  • Total Expense: 5958.0
  • Tax Year: 2020
  • Levels: One
  • Year Built: 1967
  • Lot Size Acres: 0.3
  • Lot Size: 94X139
  • Subdivision Name: Grand River Terrace
  • Above Grade Finished Sq Ft: 2102.0
  • Architectural Style: Ranch
  • General Property Info:Lot Size Dimensions: 94X139
  • General Property Info:Above Grade Finished Area: 2102.0
  • Exterior:Aluminum Siding: Yes
  • Laundry Features:In Basement: Yes
  • Foundation Details:Block4: Yes
  • Sewer:Public Sewer: Yes
  • Roof:Shingle: Yes
  • Levels:One: Yes
  • Fencing:Back Yard: Yes
  • Cooling:Central Air: Yes
  • Architectural Style:Ranch: Yes
  • Tax Info:Taxes2: 4400.0
  • Tax Info:Zoning3: Residential
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:Building 1 Description: 1123
  • General Property Info:_pound_ of Units: 2
  • Annual Inc Expense:Insurance4: 958.0
  • Annual Inc Expense:Tax Expense2: 4400.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Concrete
  • Heating: Forced Air, Natural Gas
  • Property Type: Resid/Multi-Family
  • Basement:Concrete2: Yes

Exterior Features

  • Roof: Shingle
  • Fencing: Back Yard
  • Foundation Details: Block
  • Construction Type: Aluminum Siding

Garage/Parking

  • Parking Features: Carport
  • Attached Garage: No
  • Parking Features:Carport: Yes
  • General Property Info:Parking Total: 4
  • Parking Features:Garage Spaces2: 1

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • LaundryFeatures: In Basement
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Sq Ft: 13155.12
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Carrier Route: 4417

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 26, 2021
Closed on
Dec 10, 2021
Sold by
Scodeller Raymond L and Scodeller Mary E
Bought by
Reisinger Ben Michael
Seller's Agent
James Kost
Coldwell Banker Professionals-E.L.
Buyer's Agent
Ryan Taylor
EXP Realty - Lansing
List Price
$245,000
Sold Price
$245,000
Current Estimated Value
$284,518

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,518
Avg. Annual Appreciation
4.14%
Original Mortgage
$232,750
Outstanding Balance
$214,141
Interest Rate
2.98%
Mortgage Type
New Conventional
Estimated Equity
$70,377

Purchase Details

Closed on
Mar 1, 1997
Sold by
Scodeller Raymond L and Scodeller Mary E
Bought by
Scodeller Raymond L and Scodeller Mary E
Source: Public Records

Range of Values:

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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
Reisinger Ben Michael $245,000 Tri County Title Agency Llc
Scodeller Raymond L $35,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reisinger Ben Michael $232,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/10/2021 12/10/21 Sold $245,000 0.0% $117 / Sq Ft
11/03/2021 11/03/21 Pending -- -- --
10/25/2021 10/25/21 For Sale $245,000 -- $117 / 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 $7,157 $118,300 $33,300 $85,000
2024 $34 $113,600 $26,000 $87,600
2023 $6,806 $119,600 $28,100 $91,500
2022 $6,494 $105,000 $28,600 $76,400
2021 $4,800 $90,500 $23,400 $67,100
2020 $2,168 $84,000 $23,400 $60,600
2019 $4,201 $80,200 $17,600 $62,600
2018 $3,939 $65,500 $14,100 $51,400
2017 $3,879 $65,500 $14,100 $51,400
2016 -- $59,800 $13,500 $46,300
2015 -- $57,300 $26,931 $30,369
2014 -- $55,700 $26,033 $29,667
Source: Public Records

Agents Affiliated with this Home

  • James Kost

    Seller's Agent in 2021

    James Kost

    Coldwell Banker Professionals-E.L.

    (517) 881-8414

    13 in this area

    152 Total Sales

    James Kost
    Section Image

  • R

    Buyer's Agent in 2021

    Ryan Taylor

    EXP Realty - Lansing

    Section Image
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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 260714

Greater Lansing Association of Realtors®

APN: 21-01-11-327-002

Michigan Ingham County Lansing 48912 Groesbeck

1234 Weber Dr, Lansing, MI

This home is located at 1234 Weber Dr, Lansing, MI 48912 since 26 October 2021 and is currently estimated at $284,518, approximately $135 per square foot. This property was built in 1967. 1234 Weber Dr is a home located in Ingham County with nearby schools including Pattengill Academy, Willow School, and Eastern Lansing High School.

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