NOT LISTED FOR SALE

1601 Bailey St Lansing, MI 48910

Fabulous Acres Neighborhood

Estimated Value: $112,000 - $157,751

-- Bed
-- Bath
-- Sq Ft
4,879 Sq Ft Lot

Last Sold November 12, 2024

Last sale price $155,000

Est. 9% decrease in value since last sale

Current estimated payment $994/month

29 Days on Market

Highlights

  • 1 Fireplace
  • Forced Air Heating System
  • Laundry Facilities

About This Home

As of November 2024

Welcome to this fully upgraded multi-family property, featuring a new rear stairway providing easy access to the second unit. Each unit is designed for comfortable living, with the upper unit currently renting for $950 and the lower unit, which is vacant and ready for new tenants, previously rented at $1,250. The property also includes a coin-operated laundry facility, offering a fantastic opportunity for extra income. With a strong rental history and desirable location, this property is perfect for investors looking to maximize their return on investment. Don't miss out on this exceptional opportunity! Seller is Licensed Realtor

Last Agent to Sell the Property

Ricardo Cottengim

Cody & Co. License #6501449911 Listed on: 09/09/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,899

Year Built

  • Built in 1908

Lot Details

  • 4,879 Sq Ft Lot
  • Lot Dimensions are 42x114

Parking

  • 1 Parking Space

Home Design

  • Vinyl Siding

Interior Spaces

  • 1 Fireplace
  • Basement
  • Michigan Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units
  • Laundry Facilities

Listing and Financial Details

  • Tenant pays for electric, trash collection, sewer, gas
  • The owner pays for water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,899

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1908
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 42x114
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 2899.0
  • Tax Info:Zoning3: Res
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Heat Type:Forced Air: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Substructure:Michigan Basement: Yes
  • Extras:Laundry Facility: Yes
  • Util Avail at Street Electricity Available: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Natural Gas Available: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Michigan Basement
  • Basement: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 164900.0
  • Number of Buildings: 1
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 1.0
  • General Property Info:Total Parking Spaces: 1.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available, Electricity Available, Natural Gas Connected, Water Available, Sewer Available

Lot Info

  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Dimensions: 42x114
  • Lot Size Sq Ft: 4879.0
  • Zoning Description: Res
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Electric, Trash Collection, Sewer, Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2899.0
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2024
Closed on
Nov 12, 2024
Sold by
Cottengim Ricardo S and Fye Scott
Bought by
Anslow Nick and Jenkinson Aubrey
Seller's Agent
Ricardo Cottengim
Cody & Co.
List Price
$164,900
Sold Price
$155,000
Premium/Discount to List
-$9,900
-6%
Views
13
Current Estimated Value
$141,438

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$13,562
Avg. Annual Appreciation
-8.43%
Original Mortgage
$116,250
Interest Rate
6.12%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 9, 2022
Closed on
Mar 4, 2022
Sold by
Knoy Pandora C
Bought by
Cottengim Ricardo S and Fye Scott
Seller's Agent
Staci Seidelman
Home Towne Real Estate
Buyer's Agent
Non Member
Non Member Office
List Price
$110,000
Sold Price
$110,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.54%
Original Mortgage
$82,500
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 4, 1996
Bought by
Knoy Thomas and Knoy Pandora
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

Date Buyer Sale Price Title Company
Anslow Nick $155,000 Elevate Title
Anslow Nick $155,000 None Listed On Document
Anslow Nick $155,000 Elevate Title
Cottengim Ricardo S $110,000 Diversified National Title
Knoy Thomas $24,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Anslow Nick $116,250
Previous Owner Cottengim Ricardo S $82,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/12/2024 11/12/24 Sold $155,000 -6.0% --
10/08/2024 10/08/24 Pending -- -- --
09/09/2024 09/09/24 For Sale $164,900 +49.9% --
03/04/2022 03/04/22 Sold $110,000 0.0% $95 / Sq Ft View Prior Sale
02/10/2022 02/10/22 Pending -- -- --
02/09/2022 02/09/22 For Sale $110,000 -- $95 / Sq Ft
Source: MichRIC

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 $2,958 $54,300 $3,300 $51,000
2024 $23 $35,900 $3,300 $32,600
2023 $2,788 $31,900 $3,300 $28,600
2022 $1,985 $29,700 $2,800 $26,900
2021 $1,940 $26,600 $2,700 $23,900
2020 $1,925 $24,400 $2,700 $21,700
2019 $1,852 $22,200 $2,700 $19,500
2018 $1,763 $21,200 $2,700 $18,500
2017 $1,694 $21,200 $2,700 $18,500
2016 $1,657 $20,800 $2,700 $18,100
2015 $1,657 $20,300 $5,320 $14,980
2014 $1,657 $20,400 $4,092 $16,308
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2024

    Ricardo Cottengim

    Cody & Co.

    (810) 300-5073

    1 in this area

    22 Total Sales

    Ricardo Cottengim
    Section Image

  • S

    Seller's Agent in 2022

    Staci Seidelman

    Home Towne Real Estate

  • N

    Buyer's Agent in 2022

    Non Member

    Non Member Office

See All Agents

Map

Source: MichRIC

MLS Number: 24047396

MichRIC

APN: 01-01-22-351-091

Michigan Ingham County Lansing 48910 Fabulous Acres

1601 Bailey St, Lansing, MI

Not Listed for Sale

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