NOT LISTED FOR SALE

Estimated Value: $296,357

6 Beds
2 Baths
3,414 Sq Ft
$87/Sq Ft Est. Value

Sale Details

Date Sold: November 25, 2020

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

Est. 10% increase in value since last sale

Current estimated payment $2,184 / mo

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
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 13,939 Sq Ft 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

Year Built

Built in 1954

Lot Details

0.32 Acres

Listing Details

  • Property Type: Resid/Multi-Family
  • Year Built: 1954
  • Above Grade Finished Sq Ft: 3414.0
  • General Property Info:Lot Size Dimensions: 93x153
  • General Property Info:Above Grade Finished Area: 3414.0
  • General Property Info:ECO Friendly Features: Yes
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:_pound_ of Units: 4
  • 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
  • Levels: Two
  • Levels:Two2: Yes
  • 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
  • Exterior:Vinyl Siding: Yes
  • Exterior:Brick: Yes
  • Fencing:Fenced: Yes
  • Roof:Steel: 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
  • 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
  • Heating:Hot Water: Yes

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Acres: 0.32
  • Lot Size: 93x153
  • Lot Size Sq Ft: 13939.2
  • ResoLotSizeUnits: Acres
  • Land Acreage:_one_2 thru 1 Acre: Yes

Rental Info

  • Unit Information:_pound_ Deposits: 2
  • Unit Information:_pound_ Written Leases: 2

Multi Family

  • Registered Licenses for Unrelated Occupants: Yes

Tax Info

  • Tax Carrier Route: 4476
  • Tax Info:Taxable Value: 79583.0
  • Tax Info:State Eq Value: 81300.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2020
Closed on
Nov 25, 2020
Sold by
Bought by
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%
Current Estimated Value
$296,357

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,357
Avg. Annual Appreciation
1.65%
Original Mortgage
$253,357
Outstanding Balance
$220,773
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$75,584

Purchase Details

Listed on
Aug 19, 2014
Closed on
Sep 9, 2016
Sold by
Bought by
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
4.12%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 4, 2004
Sold by
Bought by

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

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$270,000 None Available
$158,170 None Available
$205,000 Mid
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $253,357
Previous Owner $189,751
Previous Owner $131,500
Previous Owner $153,750
Previous Owner $98,950
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $6,662 $142,600 $33,900 $108,700
2025 $3,125 $125,100 $34,200 $90,900
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

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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

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