NOT LISTED FOR SALE

127 S Magnolia Ave Lansing, MI 48912

Fairview Area Neighborhood

Estimated Value: $85,962 - $114,000

2 Beds
1 Bath
660 Sq Ft
$153/Sq Ft Est. Value

Last Sold July 13, 2021

Last sale price $86,900 $132 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $562/month

About This Home

As of July 2021

Occupied by tenants. Leased thru May 1. Masks be worn for all showings in accordance with Co-vid 19 protocols. Must allow at least 24 hours notice no exceptions.
Terrific property in the Leslie Park area of the East Side Neighborhood just off Michigan Avenue's growth corridor. Currently used as a 2 bed 1 bath rental and is rented through April 30, 2021. Awesome opportunity for redevelopment along with BWL Magnolia substation & Land Bank lots just to the south. Close to everything Downtown Lansing and East Lansing. Shopping galore very close. Bus line just a short walk away. Seller is also marketing the following properties and will sell as a package. Investors take note of this fantastic opportunity...You could buy 116 S. Magnolia also.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2021
Closed on
Jul 20, 2021
Sold by
Magnolia Realty Llc
Bought by
Eastland Christopher and Eastland Wendy
Seller's Agent
James Fordell
Musselman Realty Company
Buyer's Agent
Robert South
RE/MAX Real Estate Professionals
List Price
$99,900
Sold Price
$86,900
Premium/Discount to List
-$13,000
-13.01%
Current Estimated Value
$100,741

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,841
Avg. Annual Appreciation
2.66%
Original Mortgage
$78,210
Outstanding Balance
$72,238
Interest Rate
2.96%
Mortgage Type
New Conventional
Estimated Equity
$23,788

Purchase Details

Listed on
May 7, 2018
Closed on
Jun 7, 2018
Sold by
Holey Sheryi L
Bought by
Magnolia Realty Llc
Seller's Agent
Joseph Vitale
Coldwell Banker Professionals-E.L.
Buyer's Agent
Joseph Vitale
Century 21 Affiliated
List Price
$65,000
Sold Price
$57,000
Premium/Discount to List
-$8,000
-12.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.99%
Original Mortgage
$42,750
Interest Rate
4.5%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jan 30, 2004
Sold by
Hud
Bought by
Holey Sheryl L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,800
Interest Rate
5.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 22, 2003
Sold by
Davis Tara L
Bought by
Countrywide Home Loans Inc

Purchase Details

Closed on
Apr 7, 2003
Sold by
Countrywide Home Loans Inc
Bought by
Hud

Purchase Details

Closed on
Sep 3, 1997
Sold by
Earle Particia A
Bought by
Davis Tara L

Purchase Details

Closed on
Jul 3, 1996
Sold by
Heckaman Francis and Heckaman Marlene
Bought by
Earls Patricia A

Range of Values:

Collateral Analytics

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ICE

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Quantarium

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Average Value
Not Available
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
Eastland Christopher $86,900 None Available
Magnolia Realty Llc $57,000 None Available
Holey Sheryl L $42,000 Tnt
Countrywide Home Loans Inc $40,013 --
Hud -- --
Davis Tara L $35,000 --
Earls Patricia A $27,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Eastland Christopher $78,210
Previous Owner Magnolia Realty Llc $42,750
Previous Owner Holey Sheryl L $37,800
Previous Owner Davis Tara L $30,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/13/2021 07/13/21 Sold $86,900 -3.3% $132 / Sq Ft
04/12/2021 04/12/21 Price Changed $89,900 -10.0% $136 / Sq Ft
03/20/2021 03/20/21 For Sale $99,900 +75.3% $151 / Sq Ft
07/06/2018 07/06/18 Sold $57,000 -4.8% $86 / Sq Ft
05/30/2018 05/30/18 Price Changed $59,900 -7.8% $91 / Sq Ft
05/06/2018 05/06/18 For Sale $65,000 -- $98 / Sq Ft

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 $12 $27,900 $3,400 $24,500
2023 $1,525 $24,700 $3,400 $21,300
2022 $1,379 $21,500 $2,700 $18,800
2021 $1,596 $21,800 $3,300 $18,500
2020 $1,559 $20,300 $3,300 $17,000
2019 $1,481 $18,300 $3,300 $15,000
2018 $1,255 $15,900 $3,300 $12,600
2017 $1,207 $15,900 $3,300 $12,600
2016 $1,159 $15,700 $3,300 $12,400
2015 $1,159 $15,100 $6,620 $8,480
2014 $1,159 $14,800 $6,620 $8,180
Source: Public Records

Agents Affiliated with this Home

  • James Fordell

    Seller's Agent in 2021

    James Fordell

    Musselman Realty Company

    (517) 749-6501

    5 in this area

    52 Total Sales

    James Fordell
    Section Image
  • Robert South

    Buyer's Agent in 2021

    Robert South

    RE/MAX Michigan

    (517) 331-1638

    3 in this area

    48 Total Sales

    Robert South
    Section Image

  • R

    Buyer's Agent in 2021

    Rob South

    RE/MAX Michigan

  • J

    Seller's Agent in 2018

    Joseph Vitale

    Coldwell Banker Professionals-E.L.

See All Agents

Map

Michigan Ingham County Lansing 48912 Fairview Area

127 S Magnolia Ave, Lansing, MI

Homes for Sale in Lansing, MI

This home is located at 127 S Magnolia Ave, Lansing, MI 48912 and is currently estimated at $100,741, approximately $152 per square foot. 127 S Magnolia Ave is a home located in Ingham County with nearby schools including Pattengill Academy, Riddle Elementary School, and Eastern Lansing High School.

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