NOT LISTED FOR SALE

Estimated Value: $164,000 - $195,000

-- Bed
-- Bath
1,888 Sq Ft
$97/Sq Ft Est. Value

Last Sold November 30, 2020

Last sale price $145,000 $77 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $1,025/month

73 Days on Market

About This Home

As of November 2020

Beautiful duplex fully renovated in 2016 in Old Town within walking distance to the many restaurants, art galleries and shops. Perfect for an owner-occupy or investor. This high-end renovation included all new electrical and plumbing systems, hardwired smoke detectors, new mechanicals, quartz counter tops, ceramic floors, bathrooms, fixtures and refinished hardwood flooring throughout. Both units have their own private entrance. Tenants pay all utilities and trash service. Please note square footage for units is approx. One of the sellers is a licensed real estate agent in the State of Michigan.

Last Listed By

Theresa MacNicol

Coldwell Banker Realty-Holt License #6501375800 Listed on: 09/03/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,005

Year Built

  • Built in 1860

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 66x165

Home Design

  • Duplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,888 Sq Ft Home
  • 2-Story Property
  • Fire and Smoke Detector

Basement

  • Walk-Out Basement
  • Michigan Basement

Parking

  • 4 Parking Spaces
  • No Garage
  • Dirt Driveway

Utilities

  • Forced Air Heating System
  • Heating System Uses Propane
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $22,800

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $1,065
  • Maintenance Expense $855
  • Manager Expense $2,160
  • New Taxes Expense $3,005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,005

Year Built

Built in 1860

Lot Details

0

Listing Details

  • Gross Rent: 22800.0
  • Misc Business Info Parking Surface: DIRT
  • Misc Business Info Roof Type: SHINGLE
  • Tax Year: 2020
  • Unit Information License Register Exp: 2022-08-08
  • Levels: Two
  • Year Built: 1860
  • Lot Size Acres: 0.25
  • Lot Size: 66x165
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 1888.0
  • General Property Info:Lot Size Dimensions: 66x165
  • General Property Info:Above Grade Finished Area: 1888.0
  • Levels:Two2: Yes
  • Sewer:Public Sewer: Yes
  • Roof:Shingle: Yes
  • Security Features:Smoke Detector(s): Yes
  • General Property Info:ECO Friendly Features: No
  • Exterior:Vinyl Siding: Yes
  • Parking Features:Dirt3: Yes
  • Tax Info:Taxes2: 3005.0
  • Tax Info:Zoning3: Multi-Family
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:Building 1 Description: DUPLEX
  • General Property Info:_pound_ of Units: 2
  • Annual Inc Expense:Insurance4: 1065.0
  • Annual Inc Expense:Tax Expense2: 3005.0
  • Annual Inc Expense:Maintenance3: 855.0
  • Annual Inc Expense:Management3: 2160.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan, Walk-Out Access
  • Heating: Forced Air, Propane
  • Property Type: Resid/Multi-Family
  • Basement:Michigan: Yes
  • Basement:Walk-Out Access: Yes

Exterior Features

  • Roof: Shingle
  • Construction Type: Vinyl Siding

Garage/Parking

  • Parking Features: Dirt, No Garage
  • Attached Garage: No
  • Parking Features:No Garage: Yes
  • Misc Business Info:_pound_ Parking: 4
  • General Property Info:Parking Total: 4

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Propane: Yes

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Sq Ft: 10890.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Carrier Route: 4407

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 28, 2024
Sold by
Downfield Development Llc
Bought by
Brewer Lingg
Total Days on Market
73
Current Estimated Value
$182,411

Purchase Details

Closed on
Jul 23, 2021
Sold by
Burke William and Vandenberg Matthew
Bought by
Downfield Development Llc

Purchase Details

Listed on
Sep 3, 2020
Closed on
Nov 30, 2020
Sold by
Macnicol & Garcia Properties Llc
Bought by
Burke William and Vandenberg Matthew
Seller's Agent
Theresa MacNicol
Coldwell Banker Realty-Holt
Buyer's Agent
Bill Burke
Coldwell Banker Professionals-E.L.
List Price
$169,900
Sold Price
$145,000
Premium/Discount to List
-$24,900
-14.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.75%
Original Mortgage
$116,000
Interest Rate
2.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 28, 2016
Sold by
Wheeler Shane and Macnicol Theresa
Bought by
Macnicol And Garcia Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
3.71%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Jun 28, 2012
Closed on
Jul 24, 2012
Sold by
Fannie Mae
Bought by
Wheeler Shane and Macnicol Theresa
Seller's Agent
Chris Dean
Gateway to Homes
Buyer's Agent
Agent Outside
Out Side Company
List Price
$16,050
Sold Price
$16,500
Premium/Discount to List
$450
2.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.77%

Purchase Details

Closed on
Dec 5, 2011
Sold by
Nationstar Mortgage Llc
Bought by
Fannie Mae

Purchase Details

Closed on
Dec 1, 2011
Sold by
Rios Gonzalo
Bought by
Nationstar Mortgage Llc

Purchase Details

Closed on
Jun 16, 2010
Sold by
Rios Gonzalo and Rios Gonzolo
Bought by
Gonzalo Rios Iii Trust

Purchase Details

Closed on
Oct 9, 2006
Sold by
Wells Fargo Bank Na
Bought by
Miller Elizabeth C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,750
Interest Rate
10.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 22, 2005
Sold by
Mike Sarah A
Bought by
Rios Gonzolo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
5.64%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 3, 2003
Sold by
Lapoint David Brian and Lapoint Mary
Bought by
Lapoint Altha and Lapoint David H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,550
Interest Rate
6.44%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 29, 2003
Sold by
Lapoint Altha and Lapoint David H
Bought by
Mike Sarah A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,550
Interest Rate
6.44%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 10, 2000
Sold by
Lapoint Altha
Bought by
Lapoint Altha and La Point David H

Range of Values:

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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

Date Buyer Sale Price Title Company
Brewer Lingg $188,000 None Listed On Document
Downfield Development Llc -- None Available
Burke William $145,000 Tri County Title Agency Llc
Macnicol And Garcia Properties Llc -- None Available
Fannie Mae -- None Available
Nationstar Mortgage Llc $98,303 None Available
Gonzalo Rios Iii Trust -- None Available
Miller Elizabeth C $45,000 Fatic
Rios Gonzolo $110,000 Midstate
Lapoint Altha -- Chicago Title
Mike Sarah A $49,500 Chicago Title
Lapoint Altha -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vandenberg Matthew $116,000
Previous Owner Burke William $116,000
Previous Owner Macnicol And Garcia Properties Llc $72,000
Previous Owner Rios Gonzolo $45,000
Previous Owner Miller Elizabeth C $42,750
Previous Owner Rios Gonzolo $88,000
Previous Owner Mike Sarah A $44,550
Closed Rios Gonzolo $16,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2020 11/30/20 Sold $145,000 -14.7% $77 / Sq Ft
10/01/2020 10/01/20 Pending -- -- --
09/03/2020 09/03/20 For Sale $169,900 0.0% $90 / Sq Ft
08/05/2020 08/05/20 Pending -- -- --
07/20/2020 07/20/20 For Sale $169,900 +929.7% $90 / Sq Ft
07/24/2012 07/24/12 Sold $16,500 +2.8% $9 / Sq Ft
07/17/2012 07/17/12 Pending -- -- --
06/28/2012 06/28/12 For Sale $16,050 -- $9 / 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 $46 $77,100 $9,000 $68,100
2023 $5,227 $69,400 $9,000 $60,400
2022 $4,773 $61,200 $8,100 $53,100
2021 $4,663 $57,600 $11,300 $46,300
2020 $3,128 $51,700 $11,300 $40,400
2019 $2,945 $43,800 $11,300 $32,500
2018 $2,796 $37,700 $11,300 $26,400
2017 $2,689 $37,700 $11,300 $26,400
2016 $2,283 $36,300 $11,300 $25,000
2015 $2,283 $33,800 $22,678 $11,122
2014 $2,283 $33,300 $22,678 $10,622
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 247935

Greater Lansing Association of Realtors®

APN: 01-01-09-278-051