NOT LISTED FOR SALE

1505 N Martin Luther King jr Blvd Lansing, MI 48915

Bassett Park Neighborhood

Estimated Value: $90,000 - $111,000

3 Beds
1 Bath
1,152 Sq Ft
$86/Sq Ft Est. Value

Last Sold June 09, 2022

Last sale price $70,200 $61 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $622/month

65 Days on Market

Highlights

  • Living Room
  • Dining Room
  • Garage
  • Forced Air Heating System

About This Home

As of June 2022

Property has a very long term tenant that is currently renting month to month at $1,275. New furnace in 2015, and new water heater in 2016. Property will soon be re-certified as a rental until 2/1/2025. This property is part of a larger portfolio. Properties can be sold individually, but they are listed at the bundled price. Bundle Details: 4 properties with a total purchase price of $275,600 and a total rent of $4,150.

Last Agent to Sell the Property

Jamie Fox

Trubrook, LLC License #6506048891 Listed on: 04/30/2022

Last Buyer's Agent

Jamie Fox

Trubrook, LLC License #6506048891 Listed on: 04/30/2022

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1929 | Remodeled

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 72x132

Parking

  • Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,152 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Dining Room
  • Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Basement

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

Utilities

  • No Cooling
  • Forced Air Heating System

Community Details

  • North Highland Subdivision

Home Details

Home Type

Single Family

Year Built

Built in 1929 | Remodeled

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Dining Room Level: First
  • Living Room Level: First
  • Property Conditions Updated Remodeled: Yes
  • Current Use: Investment
  • Tax Year: 2021
  • Levels: Two
  • Year Built: 1929
  • Lot Size Acres: 0.22
  • Lot Size: 72x132
  • Subdivision Name: North Highland
  • Above Grade Finished Sq Ft: 1152.0
  • Living Area: 1152.0
  • New Construction: No
  • General Property Info:Lot Size Dimensions: 72x132
  • General Property Info:Above Grade Finished Area: 1152.0
  • General Property Info:Total Livable Area: 1152.0
  • Baths:_pound_Full Baths 2: 1
  • Rooms:Dining Room2: Yes
  • Rooms:Living Room2: Yes
  • Primary Bedroom Level: Second
  • Levels:Two2: Yes
  • Appliances Refrigerators: Yes
  • Laundry Features:In Basement: Yes
  • Sewer:Public Sewer: Yes
  • Exterior:Vinyl Siding: Yes
  • Cooling:None8: Yes
  • General Property Info:Building Area Total SqFt: 1728.0
  • Special Features: None

Interior Features

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

Exterior Features

  • Construction Type: Vinyl Siding
  • Property Condition: Updated/Remodeled

Garage/Parking

  • Parking Features: Garage
  • Attached Garage: No
  • Parking Features:Garage2: Yes

Utilities

  • Sewer: Public Sewer
  • Appliances: Refrigerator, Range
  • Cooling: None
  • 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: 9583.2
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Carrier Route: 2222
  • Tax Annual Amount: 1886.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2022
Closed on
Jun 9, 2022
Sold by
Harold Somervill
Bought by
Plum Street Investments Llc
Seller's Agent
Jamie Fox
Trubrook, LLC
Buyer's Agent
Jamie Fox
Trubrook, LLC
List Price
$68,900
Sold Price
$70,200
Premium/Discount to List
$1,300
1.89%
Current Estimated Value
$99,316

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,116
Avg. Annual Appreciation
10.45%
Original Mortgage
$52,650
Outstanding Balance
$50,022
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$49,294

Purchase Details

Closed on
Jul 9, 2009
Sold by
Cruz Leonardo and Cruz Maria
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Oct 11, 2006
Sold by
Cruz Maria and Cruz Leonardo
Bought by
Cruz Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,000
Interest Rate
6.38%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Feb 28, 2003
Sold by
Zarka Albert and Zarka Julie M
Bought by
Cruz Leonardo and Cruz Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,030
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 2, 2002
Sold by
Zarka Albert and Zarka Julie M
Bought by
Cruz Leonardo and Cruz Maria
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
Plum Street Investments Llc $70,200 Liberty Title
Deutsche Bank National Trust Company $74,101 None Available
Cruz Maria -- Title Express Agency
Cruz Leonardo $46,700 --
Cruz Leonardo -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Plum Street Investments Llc $52,650
Previous Owner Cruz Maria $68,000
Previous Owner Cruz Leonardo $57,030
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/09/2022 06/09/22 Sold $70,200 +1.9% $61 / Sq Ft
04/30/2022 04/30/22 Pending -- -- --
04/30/2022 04/30/22 For Sale $68,900 0.0% $60 / Sq Ft
04/30/2022 04/30/22 Price Changed $68,900 -1.9% $60 / Sq Ft
04/26/2022 04/26/22 Off Market $70,200 -- --
02/24/2022 02/24/22 For Sale $69,900 -- $61 / 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 $3,453 $47,100 $6,100 $41,000
2024 $29 $45,900 $6,100 $39,800
2023 $3,249 $39,200 $6,100 $33,100
2022 $2,366 $34,100 $6,200 $27,900
2021 $2,312 $32,800 $7,400 $25,400
2020 $2,295 $31,400 $7,400 $24,000
2019 $2,217 $30,400 $7,400 $23,000
2018 $2,103 $29,300 $7,400 $21,900
2017 $2,024 $29,300 $7,400 $21,900
2016 $1,943 $28,800 $7,400 $21,400
2015 $1,943 $28,000 $14,798 $13,202
2014 $1,943 $25,700 $12,500 $13,200
Source: Public Records

Agents Affiliated with this Home

  • Jamie Fox

    Seller's Agent in 2022

    Jamie Fox

    Trubrook, LLC

    (517) 231-1093

    6 in this area

    137 Total Sales

    Jamie Fox
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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 262915

Greater Lansing Association of Realtors®

APN: 01-01-08-206-332

Michigan Ingham County Lansing 48915 Bassett Park

1505 N Martin Luther King jr Blvd, Lansing, MI

Not Listed for Sale

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