NOT LISTED FOR SALE

Estimated Value: $190,000 - $229,506

-- Bed
4 Baths
2,752 Sq Ft
$73/Sq Ft Est. Value

Sale Details

Date Sold: May 4, 2022

Last sale price $153,900 $56 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $1,267 / mo

185 Days on Market

Highlights

  • Traditional Architecture
  • Front Porch
  • Forced Air Heating System
  • Corner Lot
  • Double Pane Windows
  • 4-minute walk to Barb Dean Tot Lot

About This Home

As of May 2022

Check out this amazing investment opportunity close to Reo Town, Downtown, LCC and the Capitol. A two unit completely redone in 2008 including roof, windows, siding, mechanicals and electrical as well as both interiors remodeled. All utilities are separated including water, which is a rarity, and paid for by the tenants. Both sides are rented with solid long term renters. 24 hour notice is needed and only the 127 side will be available to show and the tenants will be present. Don't miss out on this near new money maker!

Last Agent to Sell the Property

Jeffrey Kelley

RE/MAX Real Estate Professionals License #6501377659 Listed on: 09/24/2021

RE/MAX Real Estate Professionals

Co-Listed By

Peter MacIntyre

RE/MAX Real Estate Professionals License #6506040989

Last Buyer's Agent

Amara Haynes

Century 21 Affiliated License #6501393391

Century 21 Affiliated

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 55x107.25
  • Corner Lot

Home Design

  • Traditional Architecture
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,752 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Fire and Smoke Detector

Flooring

  • Carpet
  • Laminate

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Parking

  • 4 Car Garage
  • No Garage
  • Basement Garage
  • Alley Access
  • Gravel Driveway

Outdoor Features

  • Front Porch

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • 100 Amp Service
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Not Available

Listing and Financial Details

  • Total Actual Rent $18,000

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $645
  • Maintenance Expense $3,500
  • New Taxes Expense $3,075
  • Net Operating Income $10,780

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Property Type: Resid/Multi-Family
  • Year Built: 1910
  • Above Grade Finished Sq Ft: 2752.0
  • Architectural Style: Traditional
  • General Property Info:Lot Size Dimensions: 55x107.25
  • General Property Info:Above Grade Finished Area: 2752.0
  • Architectural Style:Traditional: Yes
  • General Property Info:_pound_ of Units: 2
  • Water Heater:Electric Water Heater2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Heating: Forced Air, Natural Gas
  • Flooring: Carpet, Laminate
  • Levels: Two
  • Window Features: Double Pane Windows
  • Full Basement: Yes
  • Levels:Two2: Yes
  • Laundry Features:In Basement: Yes
  • Flooring:Carpet: Yes
  • Flooring:Laminate: Yes

Exterior Features

  • Roof: Shingle
  • Lot Features: Corner Lot
  • RoadFrontageType: City Street
  • RoadSurfaceType: Asphalt
  • Patio And Porch Features: Front Porch
  • Construction Type: Vinyl Siding
  • Patio Porch Features:Front Porch: Yes
  • Window Features:Double Pane Windows: Yes
  • Roof:Shingle: Yes
  • Road Frontage Type:City Street: Yes
  • Road Surface Type:Asphalt: Yes
  • Exterior:Vinyl Siding: Yes
  • Lot Features:Corner Lot: Yes

Garage/Parking

  • Parking Features: Alley Access, Basement, Gravel, No Garage
  • Attached Garage: No
  • Parking Features:Gravel2: Yes
  • Parking Features:No Garage: Yes
  • Parking Features:Alley Access: Yes
  • General Property Info:Parking Total: 4
  • Parking Features:Basement2: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Electric: 100 Amp Service
  • LaundryFeatures: In Basement
  • Utilities: High Speed Internet Available, Cable Not Available
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes
  • Electric:_one_00 Amp Service: Yes
  • Sewer:Public Sewer: Yes
  • Utilities:High Speed Internet Available: Yes
  • Security Features:Smoke Detector(s): Yes
  • Cooling:None8: Yes
  • Utilities:Cable Not Available: Yes

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Acres: 0.14
  • Lot Size: 55x107.25
  • Lot Size Sq Ft: 6098.4
  • ResoLotSizeUnits: Acres
  • Land Acreage:Up to 14 Acre: Yes

Rental Info

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

Multi Family

  • Registered Licenses for Unrelated Occupants: CR19-2134
  • Unit Information License Register Exp: 2022-11-01

Tax Info

  • Tax Info:Taxable Value: 46750.0
  • Tax Info:State Eq Value: 54600.0

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
Sep 24, 2021
Closed on
Jun 1, 2022
Sold by
Bought by
Seller's Agent
Jeffrey Kelley
RE/MAX Real Estate Professionals
Buyer's Agent
Amara Haynes
Century 21 Affiliated
List Price
$179,900
Sold Price
$153,900
Premium/Discount to List
-$26,000
-14.45%
Current Estimated Value
$200,877

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,977
Avg. Annual Appreciation
6.56%
Original Mortgage
$146,205
Interest Rate
0.0442%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 24, 2021
Closed on
Apr 28, 2022
Sold by
Bought by
Seller's Agent
Jeffrey Kelley
RE/MAX Real Estate Professionals
Buyer's Agent
Amara Haynes
Century 21 Affiliated
List Price
$179,900
Sold Price
$153,900
Premium/Discount to List
-$26,000
-14.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,205
Interest Rate
0.0442%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 9, 2007
Sold by
Bought by

Purchase Details

Closed on
Mar 6, 2007
Sold by
Bought by

Purchase Details

Closed on
Oct 24, 2006
Sold by
Bought by

Purchase Details

Closed on
Oct 19, 2006
Sold by
Bought by

Purchase Details

Closed on
Nov 17, 2005
Sold by
Bought by

Purchase Details

Closed on
Feb 9, 2000
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
$71,100
Interest Rate
0.0821%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 1, 1992
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

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
-- None Listed On Document
$153,900 None Listed On Document
$39,900 Fatic
-- Fatic
-- None Available
$85,833 None Available
-- None Available
-- None Available
$79,000 --
$72,500 --
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
Previous Owner $146,205
Previous Owner $7,680
Previous Owner $104,000
Previous Owner $81,000
Previous Owner $71,100
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
05/04/2022 05/04/22 Sold $153,900 -6.7% $56 / Sq Ft
03/03/2022 03/03/22 Price Changed $164,900 -2.9% $60 / Sq Ft
01/20/2022 01/20/22 Price Changed $169,900 -2.9% $62 / Sq Ft
12/06/2021 12/06/21 Price Changed $174,900 -2.8% $64 / Sq Ft
09/22/2021 09/22/21 For Sale $179,900 -- $65 / 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 $7,378 $96,200 $7,600 $88,600
2025 $6,157 $91,500 $5,500 $86,000
2024 $60 $93,900 $5,500 $88,400
2023 $6,737 $81,400 $5,500 $75,900
2022 $3,905 $59,700 $7,800 $51,900
2021 $3,815 $54,600 $5,900 $48,700
2020 $3,787 $52,800 $5,900 $46,900
2019 $3,656 $48,000 $5,900 $42,100
2018 $3,470 $45,400 $5,900 $39,500
2017 $3,338 $45,400 $5,900 $39,500
2016 $3,239 $44,600 $5,900 $38,700
2015 $3,239 $42,600 $11,765 $30,835
2014 $3,239 $42,400 $6,863 $35,537
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 259925

Greater Lansing Association of Realtors®

APN: 01-01-21-381-001

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