NOT LISTED FOR SALE

1361 W Lake Lansing Rd East Lansing, MI 48823

Estimated Value: $329,000 - $437,000

6 Beds
2 Baths
2,592 Sq Ft
$140/Sq Ft Est. Value

Last Sold May 08, 2018

Last sale price $222,000 $86 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $2,624/month

Highlights

  • 4 Car Detached Garage
  • Forced Air Heating System
  • Fenced
  • Green Elementary School Rated A-

About This Home

As of May 2018

Location, location, location! Across from Meijer, down the road to Eastwood Town Center, expressway and MSU! Super investment property in East Lansing! Great owner occupied if desired. Tenants pay utilities. 3 spacious bedrooms, 1.5 baths each unit w/ full basements & Laundry areas include washers & dryers. One unit with garage, other unit with carport. New Kitchen cabinets, counter tops,fresh paint, some blinds, a/c & flooring in 1361. New a/c, water heater, newer stove, paint, carpet in 1363. Move in ready units!

Last Agent to Sell the Property

Bob Garchow

Real Estate One 1st License #6502357682 Listed on: 03/19/2018

Real Estate One 1st

Co-Listed By

June Rochon

Real Estate One 1st License #6501294525

Last Buyer's Agent

Mitra Banisafar

Berkshire Hathaway HomeServices License #6501316868

Berkshire Hathaway HomeServices

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,678

Year Built

  • Built in 1969

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 75x148
  • Fenced

Home Design

  • Duplex
  • Brick Exterior Construction
  • Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 2,592 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector

Parking

  • 4 Car Detached Garage
  • Carport

Utilities

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

Community Details

  • 2 Units
  • Ramblewood Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,678

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Misc Business Info Parking Surface: asphalt
  • Misc Business Info Roof Type: shingle
  • Tax Year: 2017
  • Misc Business Info Overall Building Siz: 2592
  • Levels: Two
  • Year Built: 1969
  • Lot Size Acres: 0.26
  • Lot Size: 75x148
  • Co List Office Mls Id: 258
  • Co List Office Phone: 517-694-1121
  • Subdivision Name: Ramblewood
  • Above Grade Finished Sq Ft: 2592.0
  • General Property Info:Lot Size Dimensions: 75x148
  • General Property Info:Above Grade Finished Area: 2592.0
  • Exterior:Aluminum Siding: Yes
  • Levels:Two2: Yes
  • Sewer:Public Sewer: Yes
  • Roof:Shingle: Yes
  • Security Features:Smoke Detector(s): Yes
  • Exterior:Brick: Yes
  • Fencing:Fenced: Yes
  • Tax Info:Taxes2: 3677.95
  • 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
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Heating: Forced Air, Natural Gas
  • Property Type: Resid/Multi-Family
  • Full Basement: Yes

Exterior Features

  • Roof: Shingle
  • Fencing: Fenced
  • Construction Type: Aluminum Siding, Brick

Garage/Parking

  • Parking Features: Asphalt, Carport, Detached
  • Attached Garage: No
  • Parking Features:Asphalt2: Yes
  • Parking Features:Carport: Yes
  • Parking Features:Detached: 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:Natural Gas: Yes

Schools

  • Junior High Dist: East Lansing

Lot Info

  • Lot Size Sq Ft: 11129.58
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2018
Closed on
May 8, 2018
Sold by
Kaplan Bob
Bought by
Tashtanov Pulat
Seller's Agent
Bob Garchow
Real Estate One 1st
Buyer's Agent
Mitra Banisafar
Berkshire Hathaway HomeServices
List Price
$229,900
Sold Price
$222,000
Premium/Discount to List
-$7,900
-3.44%
Current Estimated Value
$363,020

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$141,020
Avg. Annual Appreciation
6.83%
Original Mortgage
$165,000
Outstanding Balance
$142,136
Interest Rate
4.42%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$220,884
Source: Public Records

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
Tashtanov Pulat $222,000 Transnation Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tashtanov Pulat $165,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/08/2018 05/08/18 Sold $222,000 -3.4% $86 / Sq Ft
03/25/2018 03/25/18 Pending -- -- --
03/19/2018 03/19/18 For Sale $229,900 -- $89 / 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
2025 $8,387 $119,300 $28,800 $90,500
2024 $74 $116,600 $26,800 $89,800
2023 $7,286 $105,000 $23,200 $81,800
2022 $6,847 $91,600 $19,700 $71,900
2021 $7,464 $89,300 $18,900 $70,400
2020 $6,601 $89,300 $18,900 $70,400
2019 $5,579 $86,700 $20,400 $66,300
2018 $3,821 $54,200 $17,800 $36,400
2017 $3,678 $54,200 $18,000 $36,200
2016 -- $56,500 $18,000 $38,500
2015 -- $53,800 $33,629 $20,171
2014 -- $51,300 $31,227 $20,073
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 224239

Greater Lansing Association of Realtors®

APN: 20-01-01-303-031