NOT LISTED FOR SALE

Estimated Value: $80,000 - $102,000

2 Beds
1 Bath
725 Sq Ft
$120/Sq Ft Est. Value

Last Sold February 05, 2024

Last sale price $60,000 $83 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $664/month

36 Days on Market

Highlights

  • 1 Fireplace
  • Forced Air Heating System
  • 1-Story Property
  • 1 Car Detached Garage

About This Home

As of February 2024

Who do you know that is looking for rental property that is generating cash flow? This property is currently a licensed rental with the City of Lansing and would be a great opportunity for any investor. The estimated market rent for this property is around $800/month. The furnace was replaced in 2023. Any purchaser of the property is subject to tenant rights as it is currently occupied. This is a great rental at a great price, don't miss this opportunity!

Last Agent to Sell the Property

Derrek Sterken

Coldwell Banker Woodland Schmidt ART Office License #6501451743 Listed on: 12/19/2023

Coldwell Banker Woodland Schmidt ART Office

Co-Listed By

Steve Sterken

Coldwell Banker Woodland Schmidt ART Office License #6506047986

Last Buyer's Agent

Susan Gifford

Agent History

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1953

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 95x63

Parking

  • 1 Car Detached Garage
  • Unpaved Driveway

Home Design

  • Slab Foundation
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 725 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Laundry on main level

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Utilities

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

Home Details

Home Type

Single Family

Year Built

Built in 1953

Lot Details

6,098 Sq Ft Lot

Parking

1

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Ranch
  • Stories: 1
  • Year Built: 1953
  • Location Property Info:Property Sub-Type: Single Family Residence
  • OfficeContract Info:List PriceSqFt2: 96.55
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 95x63
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • General Property Info:Total Fin SqFt All Levels: 725.0
  • General Property Info:Main Level Primary: Yes
  • Tax Info:Annual Property Tax: 2419.07
  • Tax Info:Zoning3: RES
  • Waterfront Options:Water Access YN: No
  • Heat Type:Forced Air: Yes
  • Manufactured:Manufactured YN: No
  • Heat Source:Natural Gas3: Yes
  • General Property Info:Total Fireplaces: 1.0
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Driveway:Unpaved: Yes
  • General Property Info:Fireplace: Yes
  • Substructure:Slab: Yes
  • Water Heater:Natural Gas4: Yes
  • Roofing:Asphalt2: Yes
  • General Property Info:SqFt Above Grade: 725.0
  • General Property Info Garage YN: Yes
  • Architectural Style:Ranch: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace: Yes
  • Fireplaces: 1
  • Total Bedrooms: 2
  • Main Level Bedrooms: 2
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Slab
  • LivingArea: 725.0
  • General Property Info:Stories2: 1.0

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 70000.0
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Garage: Yes
  • Parking Features: Detached
  • Parking Features:Detached2: Yes
  • General Property Info:Garage Spaces: 1.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Laundry Features: See Remarks
  • Sewer: Public
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Dimensions: 95x63
  • Lot Size Sq Ft: 6098.0
  • Zoning Description: RES

Tax Info

  • Tax Annual Amount: 2419.07
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 19, 2023
Closed on
Feb 5, 2024
Sold by
25 Lansing Llc
Bought by
Realty Assf
Seller's Agent
Derrek Sterken
Coldwell Banker Woodland Schmidt ART Office
Buyer's Agent
Susan Gifford
Agent History
List Price
$70,000
Sold Price
$60,000
Premium/Discount to List
-$10,000
-14.29%
Views
53
Current Estimated Value
$87,179

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,179
Avg. Annual Appreciation
20.21%

Purchase Details

Closed on
Dec 16, 2022
Sold by
D W Sheets Iii Llc
Bought by
25 Lansing Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
6.61%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 14, 2016
Sold by
Sheets David W
Bought by
D W Sheets Iii Llc

Purchase Details

Closed on
Dec 30, 2011
Sold by
Sheets David W
Bought by
D W Sheets Iv Llc

Purchase Details

Closed on
May 18, 2011
Sold by
Secretary Of Housing & Urban Development
Bought by
Sheets David

Purchase Details

Closed on
Apr 26, 2010
Sold by
Midfirst Bank
Bought by
The Secretary Of Housing & Urban Develop

Purchase Details

Closed on
Oct 22, 2009
Sold by
Bowser Chad E
Bought by
Midfirst Bank

Purchase Details

Closed on
Oct 30, 2003
Sold by
Diversified Mortgage Finance Co
Bought by
Bowser Chad E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,503
Interest Rate
6.01%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 28, 2003
Sold by
Northpointe Bank
Bought by
Diversified Mortgage Finance Co

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,503
Interest Rate
6.01%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 31, 2002
Sold by
Fountain Delores
Bought by
Diversified Mtg Finance Company

Purchase Details

Closed on
Feb 22, 2001
Sold by
Diversified Mtg Finance Inc
Bought by
Fountain Dolores M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,900
Interest Rate
7.18%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 21, 2001
Sold by
First National Acceptance Co Of North Am
Bought by
Diversified Mtg Finance Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,900
Interest Rate
7.18%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 7, 2000
Sold by
Jarvis Douglas A
Bought by
Certificateholders Of The Mtg Loan Asset

Purchase Details

Closed on
Dec 10, 1999
Sold by
Jarvis Douglas A
Bought by
First National Bank Of America

Purchase Details

Closed on
Jan 4, 1999
Sold by
Gary Terry L and Gary Robert
Bought by
Jarvis Douglas A and Mulder Janice L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000
Interest Rate
7.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 28, 1998
Sold by
Jarvis Douglas A and Mulder Janice A
Bought by
Jarvis Douglas A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000
Interest Rate
7.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 15, 1995
Sold by
Jarvis Douglas A

Purchase Details

Closed on
Sep 1, 1995
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

Date Buyer Sale Price Title Company
Realty Assf $57,500 Chicago Title
25 Lansing Llc $48,000 --
D W Sheets Iii Llc -- None Available
D W Sheets Iv Llc -- None Available
Sheets David $9,900 None Available
The Secretary Of Housing & Urban Develop -- None Available
Midfirst Bank $67,461 None Available
Bowser Chad E $64,500 Transnation Title
Diversified Mortgage Finance Co -- Trans
Diversified Mtg Finance Company $71,809 --
Fountain Dolores M $46,100 --
Diversified Mtg Finance Inc -- --
Certificateholders Of The Mtg Loan Asset $41,285 --
First National Bank Of America $6,693 --
Jarvis Douglas A $36,500 --
Jarvis Douglas A -- --
-- $36,500 --
-- $36,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 25 Lansing Llc $900,000
Previous Owner Bowser Chad E $63,503
Previous Owner Fountain Dolores M $58,900
Previous Owner Jarvis Douglas A $5,000
Previous Owner Jarvis Douglas A $33,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/05/2024 02/05/24 Sold $60,000 -14.3% $83 / Sq Ft
01/24/2024 01/24/24 Pending -- -- --
12/19/2023 12/19/23 For Sale $70,000 -- $97 / Sq Ft
Source: MichRIC

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 $2,570 $37,500 $5,800 $31,700
2024 $21 $32,600 $5,800 $26,800
2023 $2,419 $28,800 $5,800 $23,000
2022 $1,866 $27,000 $5,800 $21,200
2021 $1,823 $24,400 $4,300 $20,100
2020 $1,810 $23,400 $4,300 $19,100
2019 $1,747 $23,200 $4,300 $18,900
2018 $1,658 $21,300 $4,300 $17,000
2017 $1,595 $21,300 $4,300 $17,000
2016 $1,569 $20,900 $4,300 $16,600
2015 $1,569 $20,300 $8,662 $11,638
2014 $1,569 $20,500 $11,369 $9,131
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 23145294

MichRIC

APN: 01-01-32-202-011

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