NOT LISTED FOR SALE

1404 Lansing Ave Jackson, MI 49202

Estimated Value: $121,000

2 Beds
1 Bath
-- Sq Ft
0.49 Acres

Last Sold September 27, 2022

Last sale price $105,500

Est. 15% increase in value since last sale

Current estimated payment $765/month

3 Days on Market

About This Home

As of September 2022

Pristine Duplex on large corner lot bordering Monroe St & Lansing Ave has updated vinyl siding, windows and roof. Fully occupied, each unit offers 2BR/1BA, kitchen, dining room, full basement with laundry hook ups where new owner could add coin operated laundry for additional revenue and enclosed front porch and 2 private back decks for tenants. Total of 4 parking spots available for tenants. Generates $1600 gross rent per month. Owner pays for water, sewer, trash removal and maintains lawn and snow removal. City Certified through 12/28/2022. Current tenants are related and would love to stay, leases are currently month-to-month. Both units are very well maintained, a pleasure to show. 24 hour notice is needed. Leases & financials are available for serious buyers.

Last Agent to Sell the Property

Heather Herndon

HOWARD HANNA REAL ESTATE SERVI License #6501335416 Listed on: 08/26/2022

HOWARD HANNA REAL ESTATE SERVI

Co-Listed By

Kelly Talbert

HOWARD HANNA REAL ESTATE SERVI License #6501339894

Last Buyer's Agent

Heather Herndon

HOWARD HANNA REAL ESTATE SERVI License #6501335416 Listed on: 08/26/2022

HOWARD HANNA REAL ESTATE SERVI

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,140

Year Built

  • Built in 1920

Lot Details

  • 0.49 Acre Lot

Parking

  • 4 Parking Spaces

Home Design

  • Composition Roof

Utilities

  • No Cooling
  • Forced Air Heating System
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water

Community Details

Overview

  • 2 Units
  • Birneys Addition Subdivision

Building Details

  • Insurance Expense $1,001
  • Manager Expense $286
  • Net Operating Income $19,200

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,140

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • List Price: 99900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Natural Gas Connected, Cable Connected
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.49
  • Lot Size Area: 0.49
  • Lot Size Sq Ft: 21344.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Electricity, Gas

Multi Family

  • Insurance Expense: 1001.0
  • Manager Expense: 285.99
  • Net Operating Income: 19200.0
  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2139.69
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 2, 2020
Sold by
Cornell Brenda
Bought by
Rickman Kenneth and Fischer Charlotte J
Current Estimated Value
$121,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Outstanding Balance
$40,475
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 5, 2016
Sold by
Thelen Duane F and Luft James C
Bought by
Luft James C and The Special Needs Trust Of James C Luft
Source: Public Records

Range of Values:

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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
Rickman Kenneth $68,000 None Available
Luft James C -- At
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rickman Kenneth $45,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2022 09/27/22 Sold $105,500 +5.6% --
08/26/2022 08/26/22 For Sale $99,900 -- --
Source: Southwestern Michigan 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
2022 $2,138 $33,100 $0 $0
2021 $1,913 $29,450 $0 $0
2020 $858 $26,800 $0 $0
2019 $833 $15,950 $0 $0
2018 $780 $14,450 $0 $0
2017 $717 $13,800 $0 $0
2016 $717 $11,800 $11,800 $0
2015 $837 $11,250 $11,250 $0
2014 $837 $13,500 $0 $0
2013 -- $13,500 $13,500 $0
Source: Public Records

Agents Affiliated with this Home

  • Heather Herndon

    Seller's Agent in 2022

    Heather Herndon

    HOWARD HANNA REAL ESTATE SERVI

    (517) 787-9800

    785 Total Sales

    Heather Herndon
    Section Image
  • Kelly Talbert

    Seller Co-Listing Agent in 2022

    Kelly Talbert

    HOWARD HANNA REAL ESTATE SERVI

    (989) 305-2115

    79 Total Sales

    Kelly Talbert
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 22036945

Southwestern Michigan Association of REALTORS®

APN: 2-225200000

Michigan Jackson County Jackson 49202

1404 Lansing Ave, Jackson, MI

This home is located at 1404 Lansing Ave, Jackson, MI 49202 since 26 August 2022 and is currently priced at $121,000. This property was built in 1920. 1404 Lansing Ave is a home located in Jackson County with nearby schools including Hunt Elementary School, Middle School at Parkside, and Jackson High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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