NOT LISTED FOR SALE

Estimated Value: $66,000 - $110,000

3 Beds
1.5 Baths
1,120 Sq Ft
$72/Sq Ft Est. Value

Last Sold June 13, 2022

Last sale price $42,900 $38 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $499/month

8 Days on Market

Highlights

  • Main Floor Bedroom
  • Forced Air Heating System
  • Back Yard Fenced
  • Living Room
  • Dining Room
  • 5-minute walk to Donora Park

About This Home

As of June 2022

This property is located at the secluded north end of Bailey Street. When you see this spacious 3 bedroom home, complete with a large garage and private backyard, it is easy to see why the current tenant has stayed in the property over 10 years. After you enter the side door, you will want to see the bedroom on the left before moving to the spacious kitchen. This bedroom is the perfect fit for the individual that prefers quarters on the main floor or a remote office. Don't miss the commodious bathroom before you make your way into the vast dining and living rooms. Climb the stairs and find two very roomy bedrooms that are sure to fit any need. Properties that have so much to offer make it easy for tenants to call this property home for extended periods of time. While some deals only look good on the surface, 1433 Bailey provides an ideal opportunity for the investor that is looking for the one that has a proven track record of serving both landlords and tenants alike. Schedule your showing this week because this ideal opportunity will not last long. Certified rental property with the City of Lansing until 9/1/2023. Showings by appointment only.

Last Agent to Sell the Property

Jamie Fox

Trubrook, LLC License #6506048891 Listed on: 05/16/2022

Last Buyer's Agent

Ruben Sauceda

Great America Brokers LLC License #6501281774

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1913

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 33x127
  • Back Yard Fenced

Parking

  • 1 Car Garage

Home Design

  • Shingle Roof
  • Aluminum Siding
  • Vinyl Siding

Interior Spaces

  • 1,120 Sq Ft Home
  • 1.5-Story Property
  • Living Room
  • Dining Room
  • Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom

Basement

  • Partial Basement
  • Laundry in Basement

Utilities

  • No Cooling
  • Forced Air Heating System
  • 100 Amp Service

Home Details

Home Type

Single Family

Year Built

Built in 1913

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Dining Room Level: First
  • Living Room Level: First
  • Current Use: Investment
  • Tax Year: 2021
  • Levels: One and One Half
  • Parking Features Garage Spaces: 1.0
  • Year Built: 1913
  • Lot Size Acres: 0.1
  • Lot Size: 33x127
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 1120.0
  • Living Area: 1120.0
  • General Property Info:Lot Size Dimensions: 33x127
  • General Property Info:Above Grade Finished Area: 1120.0
  • General Property Info:Total Livable Area: 1120.0
  • Baths:_pound_Full Baths 1: 1
  • Baths:_pound_Half Baths B: 1
  • Rooms:Dining Room2: Yes
  • Rooms:Living Room2: Yes
  • Primary Bedroom Level: Second
  • Exterior:Aluminum Siding: Yes
  • Appliances Refrigerators: Yes
  • Laundry Features:In Basement: Yes
  • Electric:_one_00 Amp Service: Yes
  • Sewer:Public Sewer: Yes
  • Roof:Shingle: Yes
  • Fencing:Back Yard: Yes
  • Levels:One and One Half: Yes
  • Exterior:Vinyl Siding: Yes
  • Cooling:None8: Yes
  • General Property Info:Building Area Total SqFt: 1504.0
  • Special Features: None

Interior Features

  • Basement: Partial
  • Heating: Forced Air
  • Total Bedrooms: 3
  • Property Type: Residential
  • Bedroom 3 Level: First
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Appliances Range: Yes
  • Basement:Partial: Yes

Exterior Features

  • Roof: Shingle
  • Fencing: Back Yard
  • Lot Features: Back Yard
  • Construction Type: Aluminum Siding, Vinyl Siding
  • Lot Features:Back Yard2: Yes

Garage/Parking

  • Garage Spaces: 1.0

Utilities

  • Sewer: Public Sewer
  • Appliances: Refrigerator, Range
  • Cooling: None
  • Electric: 100 Amp Service
  • LaundryFeatures: In Basement
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Heating:Forced Air: Yes

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Sq Ft: 4356.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Carrier Route: 1738
  • Tax Annual Amount: 1177.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 2, 2022
Sold by
Tina Lieu
Bought by
Tina Lieu Family Trust
Current Estimated Value
$80,241

Purchase Details

Listed on
May 16, 2022
Closed on
Jun 13, 2022
Sold by
Coleman Melvin B
Bought by
Lieu Tina
Seller's Agent
Jamie Fox
Trubrook, LLC
Buyer's Agent
Ruben Sauceda
Great America Brokers LLC
List Price
$42,900
Sold Price
$42,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.17%

Purchase Details

Closed on
Nov 22, 2002
Sold by
Associates Financial Services Inc
Bought by
Coleman Melvin B and Coleman Rita L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,100
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 18, 2002
Sold by
Kramer Evert and Kramer Rosalind
Bought by
Coleman Melvin B and Coleman Rita L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,100
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 19, 2000
Sold by
First National Acceptance Company
Bought by
Associates Financial Services Co Inc

Purchase Details

Closed on
Feb 13, 1998
Sold by
Kramer Evert and Kramer Rosalind
Bought by
Coleman Melvin B and Coleman Rita L

Purchase Details

Closed on
Jan 25, 1998
Sold by
Dunham Dunham G G and Dunham D
Bought by
Kramer Evert
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
Tina Lieu Family Trust -- --
Lieu Tina $42,900 Transnation Title
Coleman Melvin B -- Metro Title Brighton Mi
Coleman Melvin B -- Metro Title Brighton Mi
Associates Financial Services Co Inc -- --
Coleman Melvin B -- --
Kramer Evert $10,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Coleman Melvin B $50,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/13/2022 06/13/22 Sold $42,900 0.0% $38 / Sq Ft
05/24/2022 05/24/22 Pending -- -- --
05/16/2022 05/16/22 For Sale $42,900 -- $38 / 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 $2,765 $44,000 $3,200 $40,800
2024 $23 $35,600 $3,200 $32,400
2023 $2,603 $31,100 $3,200 $27,900
2022 $1,205 $27,600 $2,500 $25,100
2021 $1,177 $24,500 $2,300 $22,200
2020 $1,169 $22,600 $2,300 $20,300
2019 $1,126 $20,500 $2,300 $18,200
2018 $1,070 $18,100 $2,300 $15,800
2017 $1,029 $18,100 $2,300 $15,800
2016 $988 $17,800 $2,300 $15,500
2015 $988 $17,200 $4,537 $12,663
2014 $988 $17,300 $3,085 $14,215
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 264992

Greater Lansing Association of Realtors®

APN: 01-01-22-305-081