$55,000
SOLD OCT 20, 2022

1615 S Cedar St Lansing, MI 48910

Fabulous Acres Neighborhood
4 Beds
2 Baths
1,613 Sq Ft
6,970 Sq Ft Lot

Recently Sold

$34 Per Sq Ft

8% Below List Price

6 Days on Market

About This Home

As of October 2022

This property is perfect for an investor looking for immediate cashflow! Long term tenants (30 years combined) occupy this duplex and their rent amounts could be increased. This property features a newer roof, newer vinyl siding, and newer windows. It features a three-car garage, equipped with a metal roof in the back. BATVAI. PLEASE DO NOT DISTURB TENANTS. Tenants would like to remain inside the home. NO SHOWINGS WITHOUT AN ACCEPTED OFFER.

Last Agent to Sell the Property

Rondre Brooks

New Way Realty Partners License #6501388750 Listed on: 09/06/2022

Last Buyer's Agent

Zachary (Zach) Kniffen

Howard Hanna Real Estate Executives License #6501434372

Howard Hanna Real Estate Executives

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1916

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 50.00 x 136.00

Parking

  • 3 Parking Spaces

Home Design

  • Brick Foundation
  • Block Foundation
  • Vinyl Construction Material

Interior Spaces

  • 2 Full Bathrooms
  • 1,613 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 33010121477020

Community Details

Overview

  • 2 Units
  • Torrance Farm Add Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Level: 2 Story
  • Assessment: 234.00
  • Year Built: 1916
  • State Equalized Value: 34300.0000
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 1613
  • Total Sq Ft: 1613
  • Sq Ft Total Bsmt: 672

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Foundation Materials: Block, Brick/Mortar
  • Road Frontage Type: Paved

Garage/Parking

  • Total Parking Spaces: 3

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Sewer at Street
  • Water Source: Public (Municipal)

Schools

  • School District: Lansing

Lot Info

  • Lot Size Area: 0.16
  • Lot Dimensions: 50.00 x 136.00
  • Parcel Number: 33010121477020
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 1175

Tax Info

  • Tax Amount Summer: 1973.0000
  • Tax Amount Winter: 557.0000
  • Total Tax: 2530.0000
  • Taxable Value: 29861.0000

Multi Family

  • Gross Scheduled Income: 14100.00
  • Number Of Units Total: 2
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 2

MLS Schools

  • School District: Lansing

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 24, 2023
Sold by
Benton Davontrae
Bought by
Jakdrapper Investments Llc
Current Estimated Value
$95,917

Purchase Details

Listed on
Oct 25, 2022
Closed on
Oct 20, 2022
Sold by
Ozel Volkan
Bought by
Benton Davontrae
Seller's Agent
Non Member
Non Member Office
Buyer's Agent
Connie Ferguson
Howard Hanna Real Estate Executives
List Price
$55,000
Sold Price
$55,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.60%

Purchase Details

Listed on
Apr 10, 2018
Closed on
Mar 29, 2018
Sold by
Great Lakes Development
Bought by
Ozel Volkan and Ozel Ungun Gokce
Seller's Agent
Margaret Gerich
RE/MAX Real Estate Professionals
Buyer's Agent
Francis Vicente
EXIT Realty Home Partners
List Price
$55,000
Sold Price
$49,000
Premium/Discount to List
-$6,000
-10.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.58%
Source: Public Records

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 Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Warranty Deed $55,000 --
Warranty Deed $49,000 Ata National Title Group Llc
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/20/2022 10/20/22 Sold $55,000 0.0% $34 / Sq Ft
10/20/2022 10/20/22 Sold $55,000 0.0% $34 / Sq Ft
09/12/2022 09/12/22 Pending -- -- --
09/12/2022 09/12/22 Pending -- -- --
09/06/2022 09/06/22 For Sale $55,000 -8.3% $34 / Sq Ft
09/06/2022 09/06/22 For Sale $60,000 +22.4% $37 / Sq Ft
04/10/2018 04/10/18 Sold $49,000 -10.9% $30 / Sq Ft
04/10/2018 04/10/18 Pending -- -- --
04/10/2018 04/10/18 For Sale $55,000 -- $34 / Sq Ft
Source: Realcomp

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 $30 $46,100 $4,200 $41,900
2023 $3,522 $41,100 $4,200 $36,900
2022 $2,589 $38,300 $3,500 $34,800
2021 $2,530 $34,300 $3,300 $31,000
2020 $2,511 $31,700 $3,300 $28,400
2019 $4,001 $28,900 $3,300 $25,600
2018 $2,023 $24,600 $3,300 $21,300
2017 $1,945 $24,600 $3,300 $21,300
2016 $3,431 $24,200 $3,300 $20,900
2015 $3,431 $23,700 $6,518 $17,182
2014 $3,431 $23,700 $4,954 $18,746
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2022

    Non Member

    Non Member Office

  • R

    Seller's Agent in 2022

    Rondre Brooks

    New Way Realty Partners

    (313) 598-7872

    1 in this area

    115 Total Sales

    Rondre Brooks
    Section Image

  • C

    Buyer's Agent in 2022

    Connie Ferguson

    Howard Hanna Real Estate Executives

    (517) 712-7800

    2 in this area

    68 Total Sales

    Connie Ferguson
    Section Image
  • Zachary (Zach) Kniffen

    Buyer's Agent in 2022

    Zachary (Zach) Kniffen

    Howard Hanna Real Estate Executives

    (517) 712-6941

    1 in this area

    56 Total Sales

    Zachary (Zach) Kniffen
    Section Image
  • Margaret Gerich

    Seller's Agent in 2018

    Margaret Gerich

    RE/MAX Michigan

    (517) 303-0527

    2 in this area

    355 Total Sales

    Margaret Gerich
    Section Image
  • Francis Vicente

    Buyer's Agent in 2018

    Francis Vicente

    EXIT Realty Home Partners

    (517) 410-8738

    1 in this area

    60 Total Sales

    Francis Vicente
    Section Image
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Map

Source: Realcomp

MLS Number: 20221038563

Realcomp

APN: 01-01-21-477-020

Michigan Ingham County Lansing 48910 Fabulous Acres

1615 S Cedar St, Lansing, MI

This home is located at 1615 S Cedar St, Lansing, MI 48910 and is currently priced at $55,000, approximately $34 per square foot. This property was built in 1916. 1615 S Cedar St is a home located in Ingham County with nearby schools including Lyons Elementary School, Pattengill Academy, and Eastern Lansing High School.

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.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
Copyright 2025 Realcomp II Ltd. Shareholders
IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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