NOT LISTED FOR SALE

1425 Knollwood Ave Unit 1429 Lansing, MI 48906

Knollwood Willow Neighborhood

Estimated Value: $152,000 - $208,000

-- Bed
1 Bath
3,576 Sq Ft
$50/Sq Ft Est. Value

Last Sold October 07, 2022

Last sale price $155,000 $43 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $1,441/month

3 Days on Market

Highlights

  • 0.27 Acre Lot
  • Circular Driveway
  • Forced Air Heating System
  • Covered Patio or Porch
  • Wood Frame Window
  • 8 Car Garage

About This Home

As of October 2022

Welcome to 1425 Knollwood, Lansing Mi. This is an amazing business opportunity. There are 4-5 total units. There is a large building with 3 units, the 2 lower units have 2 bedrooms and access to the basement and the 2 second floor units have only 1 bedroom. All units are in fair good condition. Need cosmetics. Newer siding, roof and windows. There is a second house out back with 2 bedrooms. The lot to the north of the house is owned by the land bank. Seller is looking into seeing if it can be purchased so that the house would have its own address and lot. The big lot offers lots of parking and you can enter from both the north and south side of the unit. There is separate electric for each unit. The license has expired. Seller purchased property to fix up and rent and is just to busy. Currently the 2nd floor unit was being used as 1 unit with the adjoining door, could be closed and be 2 units. The house out back, seller is planning to tear down and remodel the building if not sold. Tons of potential. Great investment potential. Power is off, please bring flash light. Easy to show, all units are empty. Units could rent for $700-100 or more each depending on the use of the units..

Last Agent to Sell the Property

Angela Averill

Century 21 Affiliated License #6501312624 Listed on: 09/24/2022

Century 21 Affiliated

Last Buyer's Agent

E ZC

EXP Realty - Lansing License #6501395662

EXP Realty - Lansing

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1877

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 74.25x160
  • Back and Front Yard

Home Design

  • Block Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3,576 Sq Ft Home
  • 2-Story Property
  • Wood Frame Window

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Parking

  • 8 Car Garage
  • Circular Driveway
  • Gravel Driveway

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • 100 Amp Service
  • Gas Water Heater

Additional Features

  • Covered Patio or Porch
  • City Lot

Community Details

  • 4 Units
  • Knollwood Park Subdivision

Property Details

Home Type

Multi-Family

Year Built

Built in 1877

Lot Details

0

Listing Details

  • Misc Business Info Parking Surface: Gravel
  • Misc Business Info Roof Type: Shingle
  • Tax Year: 2021
  • Misc Business Info Overall Building Siz: 3576
  • Levels: Two
  • Year Built: 1877
  • Lot Size Acres: 0.27
  • Lot Size: 74.25x160
  • Subdivision Name: Knollwood Park
  • Above Grade Finished Sq Ft: 3576.0
  • General Property Info:Lot Size Dimensions: 74.25x160
  • General Property Info:Above Grade Finished Area: 3576.0
  • Levels:Two2: Yes
  • Laundry Features:In Basement: Yes
  • Foundation Details:Block4: Yes
  • Electric:_one_00 Amp Service: Yes
  • Sewer:Public Sewer: Yes
  • Roof:Shingle: Yes
  • Exterior:Vinyl Siding: Yes
  • Cooling:None8: Yes
  • Tax Info:Taxes2: 4180.0
  • Tax Info:Zoning3: Multi-Family
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:Building 1 Description: 3 Unit
  • General Property Info:_pound_ of Units: 4
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Heating: Forced Air, Natural Gas
  • Flooring: Combination
  • Property Type: Resid/Multi-Family
  • Window Features: Aluminum Frames, Wood Frames
  • Full Basement: Yes

Exterior Features

  • Roof: Shingle
  • Fencing: None
  • Foundation Details: Block
  • Lot Features: Back Yard, City Lot, Front Yard
  • RoadFrontageType: City Street
  • RoadSurfaceType: Paved
  • Patio And Porch Features: Covered, Front Porch
  • Construction Type: Vinyl Siding
  • Lot Features:Back Yard2: Yes
  • Lot Features:City Lot: Yes
  • Lot Features:Front Yard2: Yes
  • Patio Porch Features:Covered: Yes
  • Patio Porch Features:Front Porch: Yes
  • Window Features:Aluminum Frames: Yes
  • Window Features:Wood Frames: Yes

Garage/Parking

  • Parking Features: Circular Driveway, Driveway, Garage
  • Attached Garage: No
  • Parking Features:Circular Driveway: Yes
  • Parking Features:Driveway: Yes
  • Parking Features:Garage2: Yes
  • Misc Business Info:_pound_ Parking: 8
  • General Property Info:Parking Total: 8

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Electric: 100 Amp Service
  • LaundryFeatures: In Basement
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Sq Ft: 11761.2
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Carrier Route: 4727

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2022
Closed on
Oct 7, 2022
Sold by
Bear Capital Llc
Bought by
Ron Holdings Llc
Seller's Agent
Angela Averill
Century 21 Affiliated
Buyer's Agent
E ZC
EXP Realty - Lansing
List Price
$149,900
Sold Price
$155,000
Premium/Discount to List
$5,100
3.4%
Views
5
Current Estimated Value
$264,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,000
Avg. Annual Appreciation
16.12%
Original Mortgage
$220,000
Outstanding Balance
$212,220
Interest Rate
5.66%
Mortgage Type
Credit Line Revolving
Estimated Equity
$25,780

Purchase Details

Closed on
Mar 29, 2022
Sold by
John Whipple Matthew
Bought by
Bear Capital Llc

Purchase Details

Closed on
Jun 1, 1993
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
Ron Holdings Llc $155,000 Elevate Title
Bear Capital Llc $100,000 Diversified National Title
-- $44,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ron Holdings Llc $220,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/07/2022 10/07/22 Sold $155,000 +3.4% $43 / Sq Ft
09/27/2022 09/27/22 Pending -- -- --
09/24/2022 09/24/22 For Sale $149,900 -- $42 / 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 $34 $49,200 $6,900 $42,300
2023 $4,319 $86,000 $6,900 $79,100
2022 $4,277 $76,300 $6,700 $69,600
2021 $4,180 $67,200 $6,200 $61,000
2020 $4,147 $54,200 $6,200 $48,000
2019 $6,906 $47,800 $6,200 $41,600
2018 $3,798 $47,000 $6,200 $40,800
2017 $3,647 $47,000 $6,200 $40,800
2016 $6,232 $46,200 $6,200 $40,000
2015 $6,232 $45,600 $12,356 $33,244
2014 $6,232 $42,100 $12,500 $29,600
Source: Public Records

Agents Affiliated with this Home

  • Angela Averill

    Seller's Agent in 2022

    Angela Averill

    Century 21 Affiliated

    (517) 712-5949

    4 in this area

    450 Total Sales

    Section Image
  • E ZC

    Buyer's Agent in 2022

    E ZC

    EXP Realty - Lansing

    (517) 614-2438

    2 in this area

    33 Total Sales

    Section Image

  • E

    Buyer's Agent in 2022

    Eugenia Zacks-Carney

    Keller Williams Realty Lansing

See All Agents

Map

Source: Greater Lansing Association of Realtors®

MLS Number: 268786

Greater Lansing Association of Realtors®

APN: 01-01-08-278-221

Michigan Ingham County Lansing 48906 Knollwood Willow

1425 Knollwood Ave Unit 1429, Lansing, MI

This home is located at 1425 Knollwood Ave Unit 1429, Lansing, MI 48906 since 24 September 2022 and is currently estimated at $180,000, approximately $50 per square foot. This property was built in 1877. 1425 Knollwood Ave Unit 1429 is a home located in Ingham County with nearby schools including Willow School, Pattengill Academy, and J.W. Sexton High School.

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