NOT LISTED FOR SALE

1503 W Jolly Rd Lansing, MI 48910

South Lansing Neighborhood

Estimated Value: $158,000 - $183,000

4 Beds
1 Bath
-- Sq Ft
10,019 Sq Ft Lot

Last Sold August 24, 2020

Last sale price $108,000

Est. 61% increase in value since last sale

Current estimated payment $1,356/month

3 Days on Market

Highlights

  • Cooling Available
  • Forced Air Heating System
  • High Speed Internet

About This Home

As of August 2020

Great rental opportunity. Very well maintained two unit with identical 2 bedroom 1 bath units with full basements. New replacement windows in 2017...Ample parking in the rear. Storage Shed, Refrigerators & Ranges stay. So don't miss out on this Southside rental close to I-96 and shopping. Long term tenants make this property a winner! Instant income..note* washer & dryers belong to the tenants, Call Mike Walters @ 269-967-2964 or Scott Harrington @269-420-0197 for a private showing

Last Agent to Sell the Property

Michael Walters

Harrington Real Estate Group License #6501349168 Listed on: 07/11/2020

Co-Listed By

Scott Harrington

Harrington Real Estate Group License #6502363056

Last Buyer's Agent

Out of Area Agent

Out of Area Office

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1971

Lot Details

  • 10,019 Sq Ft Lot
  • Flag Lot

Parking

  • 4 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Aluminum Siding

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Window Unit Heating System
  • High Speed Internet
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for electricity, water, trash collection, sewer, gas

Property Details

Home Type

Apartment

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1971
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Aluminum Siding, Brick
  • List Price: 117900.0
  • Lot Features: Flag Lot
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Cable Connected, Broadband
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.23
  • Lot Size Area: 0.23
  • Lot Size Sq Ft: 10019.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Water, Trash Collection, Sewer, Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 4300.02
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2020
Closed on
Aug 24, 2020
Sold by
Detwiler Julie
Bought by
Rutkowski Matthew and Rutkowski Sarah
Seller's Agent
Michael Walters
Harrington Real Estate Group
Buyer's Agent
Out of Area Agent
Out of Area Office
List Price
$117,900
Sold Price
$108,000
Premium/Discount to List
-$9,900
-8.4%
Current Estimated Value
$173,458

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,458
Avg. Annual Appreciation
9.70%
Original Mortgage
$81,000
Outstanding Balance
$71,719
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$101,739

Purchase Details

Closed on
Aug 12, 2011
Sold by
Catallo Diana M
Bought by
Catallo Diana M and Diana Catallo Revocable Trust

Purchase Details

Closed on
Dec 15, 2008
Sold by
Porter James E and Catallo Diana M
Bought by
Porter James E and James Porter Revocable Trust
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
Rutkowski Matthew $108,000 None Available
Catallo Diana M -- None Available
Porter James E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rutkowski Matthew $81,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/24/2020 08/24/20 Sold $108,000 -8.4% --
07/14/2020 07/14/20 Pending -- -- --
07/11/2020 07/11/20 For Sale $117,900 +47.4% --
11/12/2018 11/12/18 Sold $80,000 -5.9% $51 / Sq Ft View Prior Sale
10/01/2018 10/01/18 Pending -- -- --
08/12/2018 08/12/18 For Sale $85,000 -- $54 / Sq Ft
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
2025 $5,179 $65,600 $6,300 $59,300
2024 $43 $67,300 $6,300 $61,000
2023 $4,875 $63,400 $6,300 $57,100
2022 $4,453 $55,300 $4,000 $51,300
2021 $4,386 $54,000 $3,900 $50,100
2020 $4,312 $52,700 $3,900 $48,800
2019 $4,217 $53,200 $3,900 $49,300
2018 $3,602 $46,800 $3,900 $42,900
2017 $3,579 $46,800 $3,900 $42,900
2016 $3,560 $46,000 $3,900 $42,100
2015 $3,560 $46,100 $7,793 $38,307
2014 $3,560 $46,900 $12,664 $34,236
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    Michael Walters

    Harrington Real Estate Group

  • Scott Harrington

    Seller Co-Listing Agent in 2020

    Scott Harrington

    Harrington Real Estate Group

    (269) 420-0197

    170 Total Sales

    Scott Harrington
    Section Image

  • O

    Buyer's Agent in 2020

    Out of Area Agent

    Out of Area Office

  • D

    Seller's Agent in 2018

    DeAnna Cambridge

    All 'n 1 Realty, Inc.

    Section Image

  • D

    Seller Co-Listing Agent in 2018

    Diedra Boles

    All 'n 1 Realty, Inc.

  • Gayle Shaffer

    Buyer's Agent in 2018

    Gayle Shaffer

    Howard Hanna Real Estate Executives

    (517) 242-4983

    54 Total Sales

    Gayle Shaffer
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20026859

Southwestern Michigan Association of REALTORS®

APN: 01-05-05-126-234

Michigan Ingham County Lansing 48910 South Lansing

1503 W Jolly Rd, Lansing, MI

This home is located at 1503 W Jolly Rd, Lansing, MI 48910 since 11 July 2020 and is currently estimated at $173,458. This property was built in 1971. 1503 W Jolly Rd is a home located in Ingham County with nearby schools including Reo Elementary School, Attwood School, and Everett 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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