NOT LISTED FOR SALE

1535 Bailey St Lansing, MI 48910

Fabulous Acres Neighborhood

Estimated Value: $94,000 - $112,000

Studio
-- Bath
900 Sq Ft
$112/Sq Ft Est. Value

Sale Details

Date Sold: February 14, 2022

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

Est. 48% increase in value since last sale

Current estimated payment $646 / mo

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 Agent to Sell the Property

Mike Sears

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

Last Buyer's Agent

David Hall

Achieve Real Estate LLC License #6502433100

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

4,792 Sq Ft Lot

Listing Details

  • Property Type: Resid/Multi-Family
  • Year Built: 1967
  • Above Grade Finished Sq Ft: 900.0
  • General Property Info:Lot Size Dimensions: 43.05X114
  • General Property Info:Above Grade Finished Area: 900.0
  • General Property Info:Spa2: No
  • General Property Info:Waterfront: No
  • General Property Info:ECO Friendly Features: No
  • General Property Info:Pool Private2: No
  • 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
  • Levels: Two
  • Private Spa: No
  • Levels:Two2: Yes
  • Laundry Features:Electric Dryer Hookup: Yes
  • Laundry Features:Washer Hookup: Yes
  • Flooring:Carpet: Yes
  • Basement:None3: Yes
  • Laundry Features:Lower Level: Yes

Exterior Features

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

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
  • Sewer:Public Sewer: Yes
  • Heating:Electric: Yes
  • Cooling:None8: Yes

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Acres: 0.11
  • Lot Size: 43.05X114
  • Lot Size Sq Ft: 4791.6
  • ResoLotSizeUnits: Acres
  • Land Acreage:Up to 14 Acre: Yes

Rental Info

  • Unit Information:_pound_ Deposits: 1
  • Unit Information:_pound_ Written Leases: 1

Multi Family

  • Registered Licenses for Unrelated Occupants: CR20-3101
  • Unit Information License Register Exp: 2024-02-01

Tax Info

  • Tax Carrier Route: 1740
  • Tax Info:Taxable Value: 30500.0
  • Tax Info:State Eq Value: 30500.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2022
Closed on
Feb 14, 2022
Sold by
Bought by
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%
Current Estimated Value
$100,474

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,474
Avg. Annual Appreciation
9.26%
Original Mortgage
$51,000
Interest Rate
0.0355%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 11, 2001
Sold by
Bought by

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
0.0706%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 13, 1999
Sold by
Bought by

Purchase Details

Closed on
Nov 13, 1987
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$68,000 Transnation Title
$47,000 Midstate Title Company
$39,500 --
$39,500 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $51,000
Previous Owner $172,000
Previous Owner $55,564
Previous Owner $115,200
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $3,289 $54,200 $6,200 $48,000
2025 $2,625 $51,100 $3,300 $47,800
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

    122 Total Sales

    David Hall
    Section Image
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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

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.

Greater Lansing Association of Realtors® IDX information is provided exclusively for Consumers'
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.
Copyright © 2026 Greater Lansing Association of REALTORS®

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