NOT LISTED FOR SALE

1535 Bailey St Lansing, MI 48910

Fabulous Acres Neighborhood

Estimated Value: $79,000 - $96,678

-- Bed
-- Bath
900 Sq Ft
$97/Sq Ft Est. Value

Last Sold February 14, 2022

Last sale price $68,000 $76 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $489/month

22 Days on Market

About This Home

As of February 2022

Lower unit vacant and ready for either owner occupied or tenant. upper unit is month-to-month at $600 rent. Owner pays water, on one meter, and tenants pay electric heat. Sellers are Brokers in Michigan. Selling ''As-Is''

Last Listed By

Mike Sears

Liberty Realty Co. License #6502139143 Listed on: 01/19/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1967

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 43.05x114

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 900 Sq Ft Home
  • 2-Story Property
  • Carpet

Laundry

  • Laundry on lower level
  • Washer and Electric Dryer Hookup

Parking

  • 2 Parking Spaces
  • Driveway

Utilities

  • No Cooling
  • Heating Available
  • Electric Water Heater

Community Details

  • 2 Units
  • Bakers Acres Subdivision

Property Details

Home Type

Multi-Family

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Tax Year: 2021
  • Registered Licenses for Unrelated Occupants: CR20-3101
  • Unit Information License Register Exp: 2024-02-01
  • Levels: Two
  • Year Built: 1967
  • Lot Size Acres: 0.11
  • Lot Size: 43.05X114
  • Subdivision Name: Bakers Acres
  • Above Grade Finished Sq Ft: 900.0
  • General Property Info:Lot Size Dimensions: 43.05X114
  • General Property Info:Above Grade Finished Area: 900.0
  • Levels:Two2: Yes
  • General Property Info:Spa2: No
  • General Property Info:Waterfront: No
  • Laundry Features:Electric Dryer Hookup: Yes
  • Laundry Features:Washer Hookup: Yes
  • Flooring:Carpet: Yes
  • Sewer:Public Sewer: Yes
  • General Property Info:ECO Friendly Features: No
  • Exterior:Brick: Yes
  • Laundry Features:Lower Level: Yes
  • General Property Info:Pool Private2: No
  • Cooling:None8: Yes
  • Tax Info:Taxes2: 2206.0
  • Tax Info:Zoning3: Residential
  • General Property Info:Building 1 Description: upper/lower duplex - 2 bedrooms each
  • General Property Info:_pound_ of Units: 2
  • Water Heater:Electric Water Heater2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Heating: Electric
  • Flooring: Carpet
  • Property Type: Resid/Multi-Family
  • Private Spa: No
  • Basement:None3: Yes

Exterior Features

  • Pool Private: No
  • Waterfront: No
  • Construction Type: Brick

Garage/Parking

  • Parking Features: Driveway
  • Attached Garage: No
  • Parking Features:Driveway: Yes
  • Misc Business Info:_pound_ Parking: 2
  • General Property Info:Parking Total: 2

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • LaundryFeatures: Electric Dryer Hookup, Lower Level, Washer Hookup
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Heating:Electric: Yes

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Sq Ft: 4791.6
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Carrier Route: 1740

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2022
Closed on
Feb 14, 2022
Sold by
Sears Michael J and Sears Nancy R
Bought by
Adeleye Toyin Y
Seller's Agent
Mike Sears
Liberty Realty Co.
Buyer's Agent
David Hall
Achieve Real Estate LLC
List Price
$76,900
Sold Price
$68,000
Premium/Discount to List
-$8,900
-11.57%
Total Days on Market
22
Current Estimated Value
$87,670

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,670
Avg. Annual Appreciation
8.91%
Original Mortgage
$51,000
Outstanding Balance
$48,071
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$41,590

Purchase Details

Closed on
Sep 11, 2001
Sold by
Foster Arthur Lee and Foster Patricia
Bought by
Sears Michael J and Sears Nancy R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,200
Interest Rate
7.06%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 13, 1999
Sold by
Dood John J and Dood Beverly J
Bought by
Foster Arthur Lee

Purchase Details

Closed on
Nov 13, 1987
Sold by
Dood John J
Bought by
Foster Arthur Lee

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
Adeleye Toyin Y $68,000 Transnation Title
Sears Michael J $47,000 Midstate Title Company
Foster Arthur Lee $39,500 --
Foster Arthur Lee $39,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Adeleye Toyin Y $51,000
Previous Owner Bass Rifkin Equities Inc $172,000
Previous Owner Sears Michael J $55,564
Previous Owner Sears Michael J $115,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/14/2022 02/14/22 Sold $68,000 -11.6% $76 / Sq Ft
01/19/2022 01/19/22 Pending -- -- --
01/19/2022 01/19/22 For Sale $76,900 0.0% $85 / Sq Ft
01/12/2022 01/12/22 Pending -- -- --
12/28/2021 12/28/21 For Sale $76,900 -- $85 / 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 $32 $39,100 $3,300 $35,800
2023 $3,237 $34,700 $3,300 $31,400
2022 $2,258 $32,300 $2,800 $29,500
2021 $2,207 $30,500 $2,700 $27,800
2020 $2,190 $28,000 $2,700 $25,300
2019 $2,108 $25,900 $2,700 $23,200
2018 $2,006 $24,200 $2,700 $21,500
2017 $1,928 $24,200 $2,700 $21,500
2016 $1,851 $23,700 $2,700 $21,000
2015 $1,851 $23,600 $5,345 $18,255
2014 $1,851 $23,100 $4,111 $18,989
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Mike Sears

    Liberty Realty Co.

    (517) 881-8363

    1 in this area

    3 Total Sales

    Mike Sears
    Section Image
  • David Hall

    Buyer's Agent in 2022

    David Hall

    Achieve Real Estate LLC

    (517) 712-8329

    2 in this area

    152 Total Sales

    David Hall
    Section Image
See All Agents

Map

Source: Greater Lansing Association of Realtors®

MLS Number: 261880

Greater Lansing Association of Realtors®

APN: 01-01-22-351-071

Michigan Ingham County Lansing 48910 Fabulous Acres

1535 Bailey St, Lansing, MI

Homes for Sale in Lansing, MI

This home is located at 1535 Bailey St, Lansing, MI 48910 since 19 January 2022 and is currently estimated at $87,670, approximately $97 per square foot. This property was built in 1967. 1535 Bailey St is a home located in Ingham County with nearby schools including Lyons Elementary School, Pattengill Academy, and Eastern Lansing High School.

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personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
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