NOT LISTED FOR SALE

1507 Ann St East Lansing, MI 48823

Estimated Value: $320,637 - $363,000

-- Bed
2 Baths
1,950 Sq Ft
$172/Sq Ft Est. Value

Last Sold June 29, 2020

Last sale price $222,500 $114 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $2,618/month

55 Days on Market

About This Home

As of June 2020

Very well maintained student rental duplex, 1 unit occupied, 1 open for your buyer. Property recently painted and re-roofed. Lower level water-proofed by Beaver Systems, Wallside Windows installed - 25 years left on warranty.

Last Agent to Sell the Property

Dave Smeak

Smeak Real Estate Company Brokerage Phone: 517-655-3321 License #6502334466 Listed on: 03/11/2020

Last Buyer's Agent

Stephanie Holly

RE/MAX Real Estate Professionals License #6501283981

RE/MAX Real Estate Professionals

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 70x127

Parking

  • 6 Parking Spaces

Home Design

  • Bi-Level Home
  • Shingle Roof

Interior Spaces

  • 1,950 Sq Ft Home
  • Walk-Out Basement

Utilities

  • Heating Available
  • Electric Water Heater

Listing and Financial Details

  • Total Actual Rent $32,400

Community Details

Overview

  • 2 Units
  • Homestead Subdivision

Building Details

  • New Taxes Expense $6,045

Property Details

Home Type

Multi-Family

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Gross Rent: 32400.0
  • Misc Business Info Roof Type: Shingle
  • Tax Year: 2018
  • Registered Licenses for Unrelated Occupants: 6
  • Misc Business Info Overall Building Siz: 1950
  • Year Built: 1971
  • Attribution Contact: 517-655-3321
  • Lot Size Acres: 0.2
  • Lot Size: 70x127
  • Subdivision Name: Homestead
  • Above Grade Finished Sq Ft: 1950.0
  • Architectural Style: Bi-Level
  • General Property Info:Lot Size Dimensions: 70x127
  • General Property Info:Above Grade Finished Area: 1950.0
  • Sewer:Public Sewer: Yes
  • Roof:Shingle: Yes
  • Architectural Style:Bi-Level: Yes
  • Heating Other2: Yes
  • Tax Info:Taxes2: 6045.0
  • Tax Info:Zoning3: Multi-Family
  • General Property Info:Building 1 Description: Bi-Level
  • General Property Info:_pound_ of Units: 2
  • Water Heater:Electric Water Heater2: Yes
  • Annual Inc Expense:Tax Expense2: 6045.0
  • Misc Business Info Zoning5: C-5
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Walk-Out Access
  • Heating: Other
  • Property Type: Resid/Multi-Family
  • Basement:Walk-Out Access: Yes

Exterior Features

  • Roof: Shingle
  • Construction Type: Rough Sawn

Garage/Parking

  • Total Parking Spaces: 6.0
  • Parking Features: Asphalt
  • Attached Garage: No
  • Parking Features:Asphalt2: Yes
  • Misc Business Info:_pound_ Parking: 6
  • General Property Info:Parking Total: 6

Utilities

  • Sewer: Public Sewer
  • Appliances: Electric Water Heater
  • Water Source: Public
  • Heating Yn: Yes

Schools

  • Junior High Dist: East Lansing

Lot Info

  • Lot Size Sq Ft: 8712.0
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2

Tax Info

  • New Taxes Expense: 6045.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2020
Closed on
Jun 29, 2020
Sold by
Kores Properties Llc
Bought by
Patel Mitesh and Shekar Suraj
Seller's Agent
Dave Smeak
Smeak Real Estate Company
Buyer's Agent
Stephanie Holly
RE/MAX Real Estate Professionals
List Price
$244,900
Sold Price
$222,500
Premium/Discount to List
-$22,400
-9.15%
Current Estimated Value
$336,159

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,659
Avg. Annual Appreciation
8.15%
Original Mortgage
$166,825
Outstanding Balance
$147,929
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$188,230

Purchase Details

Closed on
Apr 5, 2004
Sold by
Nuechterlein Erica
Bought by
Kores Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,000
Interest Rate
5.48%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 12, 2004
Sold by
Kores Properties Llc
Bought by
Nuechterlein Erica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,000
Interest Rate
5.48%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 12, 2003
Sold by
Nuechterlein Erica
Bought by
Kores Properties Llc

Purchase Details

Closed on
Jul 3, 2002
Sold by
Nuechterlein Erica
Bought by
Kores Properties Llc

Purchase Details

Closed on
May 13, 1998
Sold by
Nuechterlein James M
Bought by
Hollen Investment Llc

Purchase Details

Closed on
Apr 21, 1998
Bought by
Nuechterlein James M

Purchase Details

Closed on
Apr 1, 1995

Purchase Details

Closed on
Jun 1, 1986
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
Patel Mitesh $222,500 Ata National Title Group Llc
Kores Properties Llc -- Fatic
Nuechterlein Erica -- First American Title
Kores Properties Llc -- --
Kores Properties Llc -- First American Title
Hollen Investment Llc -- --
Nuechterlein James M $114,900 --
-- $81,000 --
-- $53,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Mitesh $166,825
Previous Owner Nuechterlein Erica $138,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/29/2020 06/29/20 Sold $222,500 -9.1% $114 / Sq Ft
05/05/2020 05/05/20 Pending -- -- --
03/11/2020 03/11/20 For Sale $244,900 -- $126 / 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 $10,016 $161,600 $22,800 $138,800
2024 $88 $155,500 $22,800 $132,700
2023 $9,400 $140,000 $19,500 $120,500
2022 $8,993 $122,000 $16,900 $105,100
2021 $8,857 $118,800 $16,100 $102,700
2020 $6,285 $118,800 $16,100 $102,700
2019 $6,062 $89,000 $17,400 $71,600
2018 $6,451 $86,400 $12,600 $73,800
2017 $6,223 $85,700 $12,800 $72,900
2016 -- $85,700 $12,300 $73,400
2015 -- $79,400 $22,601 $56,799
2014 -- $79,400 $22,601 $56,799
Source: Public Records

Agents Affiliated with this Home

  • Dave Smeak

    Seller's Agent in 2020

    Dave Smeak

    Smeak Real Estate Company

    (517) 281-6742

    1 in this area

    64 Total Sales

    Dave Smeak
    Section Image
  • Stephanie Holly

    Buyer's Agent in 2020

    Stephanie Holly

    RE/MAX Michigan

    (517) 281-8175

    24 in this area

    202 Total Sales

    Stephanie Holly
    Section Image
See All Agents

Map

Source: Greater Lansing Association of Realtors®

MLS Number: 244809

Greater Lansing Association of Realtors®

APN: 20-02-17-116-016

Michigan Ingham County East Lansing 48823

1507 Ann St, East Lansing, MI

This home is located at 1507 Ann St, East Lansing, MI 48823 since 11 March 2020 and is currently estimated at $336,159, approximately $172 per square foot. This property was built in 1971. 1507 Ann St is a home located in Ingham County with nearby schools including Marble Elementary School, MacDonald Middle School, and East Lansing High School.

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