NOT LISTED FOR SALE

1245 Weber Dr Lansing, MI 48912

Groesbeck Neighborhood

Estimated Value: $258,299 - $341,000

6 Beds
2 Baths
3,414 Sq Ft
$88/Sq Ft Est. Value

Last Sold November 25, 2020

Last sale price $270,000 $79 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $1,699/month

5 Days on Market

Highlights

  • Covered patio or porch
  • Hot Water Heating System
  • Fenced
  • Window Unit Cooling System
  • High Speed Internet
  • Green Features

About This Home

As of November 2020

Great Cash flow on this updated 4 unit. Unit #1 has updated kitchen, refinished floors. 3 bedroom 1.5 bath with Laundry. Unit #2 has new carpet and appliances. Bathroom was completely redone in 2019. Unit 3 Has refinished hardwoods and newer appliances.
Unit #4 has newer fridge and carpeting. Building has New electric panel, 2 new water heaters, New steel roof. All with low Lansing twp. taxes.

Last Agent to Sell the Property

Aaron Fox

Century 21 Affiliated License #6506039678 Listed on: 10/13/2020

Century 21 Affiliated

Last Buyer's Agent

Brian Kasper

Century 21 Affiliated License #6501417604

Century 21 Affiliated

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,802

Year Built

  • Built in 1954

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 93x153
  • Fenced

Home Design

  • Brick Exterior Construction
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 3,414 Sq Ft Home
  • 2-Story Property
  • Fire and Smoke Detector

Basement

  • Walk-Out Basement
  • Basement Hatchway
  • Exterior Basement Entry
  • Crawl Space
  • Natural lighting in basement

Parking

  • 8 Parking Spaces
  • Gravel Driveway

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Green Features
  • Covered patio or porch

Listing and Financial Details

  • Total Actual Rent $43,740

Community Details

Overview

  • 4 Units
  • Grand River Terrace Subdivision

Building Details

  • Electric Expense $5,688
  • Insurance Expense $1,800
  • Other Expense $1,152
  • New Taxes Expense $5,500
  • Net Operating Income $29,390

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,802

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Gross Rent: 43740.0
  • Less Fuel: 2464.47
  • Miscellaneous: 1152.0
  • Net Income: 29390.0
  • Misc Business Info Construction Type: Brick, stick built
  • Misc Business Info Parking Surface: Crushed Asphalt
  • Misc Business Info Roof Type: steel
  • Tax Year: 2019
  • Registered Licenses for Unrelated Occupants: Yes
  • Misc Business Info Overall Building Siz: 3418
  • Levels: Two
  • Year Built: 1954
  • Lot Size Acres: 0.32
  • Lot Size: 93x153
  • Subdivision Name: Grand River Terrace
  • Above Grade Finished Sq Ft: 3414.0
  • General Property Info:Lot Size Dimensions: 93x153
  • General Property Info:Above Grade Finished Area: 3414.0
  • Levels:Two2: Yes
  • Sewer:Public Sewer: Yes
  • Utilities:Cable Available: Yes
  • Utilities:High Speed Internet Available: Yes
  • Cooling:Window Unit(s): Yes
  • Security Features:Smoke Detector(s): Yes
  • General Property Info:ECO Friendly Features: Yes
  • Exterior:Vinyl Siding: Yes
  • Exterior:Brick: Yes
  • Fencing:Fenced: Yes
  • Tax Info:Taxes2: 4802.0
  • Tax Info:Zoning3: Residential
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:Building 1 Description: Multi unit
  • General Property Info:_pound_ of Units: 4
  • Roof:Steel: Yes
  • Annual Inc Expense:Insurance4: 1800.0
  • Annual Inc Expense:Tax Expense2: 5500.0
  • Annual Inc Expense:Electricity5: 5687.94
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Bilco Door, Crawl Space, Daylight, Exterior Entry, Walk-Out Access
  • Heating: Hot Water, Natural Gas
  • Property Type: Resid/Multi-Family
  • Basement:Daylight: Yes
  • Basement:Exterior Entry: Yes
  • Basement:Crawl Space: Yes
  • Basement:Walk-Out Access: Yes
  • Basement:Bilco Door: Yes

Exterior Features

  • Roof: Steel
  • Fencing: Fenced
  • Patio And Porch Features: Covered
  • Construction Type: Vinyl Siding, Brick
  • Patio Porch Features:Covered: Yes

Garage/Parking

  • Parking Features: Gravel
  • Attached Garage: No
  • Parking Features:Gravel2: Yes
  • Misc Business Info:_pound_ Parking: 8
  • General Property Info:Parking Total: 8

Utilities

  • Sewer: Public Sewer
  • Cooling: Window Unit(s)
  • Utilities: High Speed Internet Available, Cable Available
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Heating:Natural Gas: Yes
  • Heating:Hot Water: Yes

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Sq Ft: 13939.2
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Carrier Route: 4476

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2020
Closed on
Nov 25, 2020
Sold by
Fox Aaron
Bought by
Hamilton Thalia M
Seller's Agent
Aaron Fox
Century 21 Affiliated
Buyer's Agent
Brian Kasper
Century 21 Affiliated
List Price
$260,000
Sold Price
$270,000
Premium/Discount to List
$10,000
3.85%
Total Days on Market
5
Current Estimated Value
$302,075

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,075
Avg. Annual Appreciation
2.51%
Original Mortgage
$253,357
Outstanding Balance
$228,517
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$73,558

Purchase Details

Listed on
Aug 19, 2014
Closed on
Sep 9, 2016
Sold by
Tan Yip H
Bought by
Fox Aaron
Seller's Agent
Vivian Go
A. Hoffman Realty
Buyer's Agent
Aaron Fox
Century 21 Affiliated
List Price
$235,000
Sold Price
$158,170
Premium/Discount to List
-$76,830
-32.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.48%
Original Mortgage
$189,751
Interest Rate
3.45%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 4, 2004
Sold by
Bowden James and Bowden Martha L
Bought by
Tan Yip H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,750
Interest Rate
5.89%
Mortgage Type
Purchase Money Mortgage
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
Hamilton Thalia M $270,000 None Available
Fox Aaron $158,170 None Available
Tan Yip H $205,000 Mid
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hamilton Thalia M $253,357
Previous Owner Fox Aaron $189,751
Previous Owner Tan Yip H $131,500
Previous Owner Tan Yip H $153,750
Previous Owner Bowden James $98,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/25/2020 11/25/20 Sold $270,000 +3.8% $79 / Sq Ft
10/18/2020 10/18/20 Pending -- -- --
10/13/2020 10/13/20 For Sale $260,000 +64.4% $76 / Sq Ft
09/02/2016 09/02/16 Sold $158,170 -32.7% $55 / Sq Ft
06/08/2016 06/08/16 Pending -- -- --
08/19/2014 08/19/14 For Sale $235,000 -- $82 / 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
2024 $30 $118,700 $26,700 $92,000
2023 $6,190 $123,200 $28,900 $94,300
2022 $5,914 $105,400 $29,400 $76,000
2021 $5,800 $90,000 $24,100 $65,900
2020 $2,379 $81,300 $24,100 $57,200
2019 $4,747 $78,100 $18,000 $60,100
2018 $4,546 $76,800 $14,500 $62,300
2017 $4,458 $76,800 $14,500 $62,300
2016 -- $84,900 $13,800 $71,100
2015 -- $83,600 $27,663 $55,937
2014 -- $72,000 $26,741 $45,259
Source: Public Records

Agents Affiliated with this Home

  • Aaron Fox

    Seller's Agent in 2020

    Aaron Fox

    Century 21 Affiliated

    (517) 404-0050

    2 in this area

    95 Total Sales

    Aaron Fox
    Section Image
  • Brian Kasper

    Buyer's Agent in 2020

    Brian Kasper

    Century 21 Affiliated

    (517) 980-7288

    3 in this area

    340 Total Sales

    Brian Kasper
    Section Image
  • Vivian Go

    Seller's Agent in 2016

    Vivian Go

    A. Hoffman Realty

    (517) 214-6011

    Section Image
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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 250622

Greater Lansing Association of Realtors®

APN: 21-01-11-326-011

Michigan Ingham County Lansing 48912 Groesbeck

1245 Weber Dr, Lansing, MI

This home is located at 1245 Weber Dr, Lansing, MI 48912 since 13 October 2020 and is currently estimated at $302,075, approximately $88 per square foot. This property was built in 1954. 1245 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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