NOT LISTED FOR SALE

1618 Elmwood Rd Lansing, MI 48917

Estimated Value: $223,299 - $268,000

2 Beds
3 Baths
1,962 Sq Ft
$128/Sq Ft Est. Value

Last Sold August 10, 2021

Last sale price $181,000 $92 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $1,774/month

Highlights

  • 1.2 Acre Lot
  • 1-Story Property
  • Forced Air Heating System
  • Cooling Available

About This Home

As of August 2021

Ranch duplex, 2 bedroom 1.5 bath, first floor laundry, 1 car attached garage for each unit sitting on 1.195 acres in Delta Township.

Last Agent to Sell the Property

Pete Holoway

Coldwell Banker Professionals-Delta License #6502131513 Listed on: 06/11/2021

Last Buyer's Agent

Amber Redman

Five Star Real Estate - Lansing License #6501405038

Five Star Real Estate - Lansing

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,533

Year Built

  • Built in 1983

Lot Details

  • 1.2 Acre Lot
  • Lot Dimensions are 83 x 627

Home Design

  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,962 Sq Ft Home
  • 1-Story Property
  • Basement

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Total Actual Rent $20,220

Community Details

Overview

  • 2 Units
  • Grantwood Subdivision

Building Details

  • Insurance Expense $900
  • New Taxes Expense $3,533

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,533

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Gross Rent: 20220.0
  • Tax Year: 2020
  • Levels: One
  • Year Built: 1983
  • Lot Size Acres: 1.2
  • Lot Size: 83 x 627
  • Subdivision Name: Grantwood
  • Above Grade Finished Sq Ft: 1962.0
  • General Property Info:Lot Size Dimensions: 83 x 627
  • General Property Info:Above Grade Finished Area: 1962.0
  • Sewer:Public Sewer: Yes
  • Roof:Shingle: Yes
  • Levels:One: Yes
  • Exterior:Vinyl Siding: Yes
  • Tax Info:Taxes2: 3533.0
  • Tax Info:Zoning3: Residential
  • General Property Info:Building 1 Description: N/A
  • General Property Info:_pound_ of Units: 2
  • Annual Inc Expense:Insurance4: 900.0
  • Annual Inc Expense:Tax Expense2: 3533.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Concrete
  • Heating: Forced Air, Natural Gas
  • Property Type: Resid/Multi-Family
  • Basement:Concrete2: Yes

Exterior Features

  • Roof: Shingle
  • Construction Type: Vinyl Siding

Garage/Parking

  • Parking Features: Other
  • Attached Garage: No
  • General Property Info:Parking Total: Driveways
  • Parking Features:Other28: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Other
  • LaundryFeatures: Other
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Schools

  • Junior High Dist: Waverly

Lot Info

  • Lot Size Sq Ft: 52272.0
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2021
Closed on
Oct 1, 2021
Sold by
Wise Laura
Bought by
1618 20 Elmwood Rd Llc
Seller's Agent
Pete Holoway
Coldwell Banker Professionals-Delta
Buyer's Agent
Amber Redman
Five Star Real Estate - Lansing
List Price
$192,000
Sold Price
$181,000
Premium/Discount to List
-$11,000
-5.73%
Current Estimated Value
$250,825

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,825
Avg. Annual Appreciation
8.22%
Original Mortgage
$135,750
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 11, 2021
Closed on
Aug 6, 2021
Sold by
Zisa Carmelo and Zisa Carol
Bought by
Wise Laura M
Seller's Agent
Pete Holoway
Coldwell Banker Professionals-Delta
Buyer's Agent
Amber Redman
Five Star Real Estate - Lansing
List Price
$192,000
Sold Price
$181,000
Premium/Discount to List
-$11,000
-5.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,750
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 4, 2015
Sold by
Stevens Mark J and Stevens Tina M
Bought by
Zisa Carmelo and Zisa Carol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,050
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 17, 2003
Sold by
Mccarthy Stephen W and Mccarthy Lucille B
Bought by
Stevens Mark J and Stevens Tina M
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
1618 20 Elmwood Rd Llc -- None Available
Wise Laura M $181,000 Transnation Title Agency
Zisa Carmelo $111,500 Tri County Title Agency Llc
Stevens Mark J $105,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wise Laura M $135,750
Previous Owner Zisa Carmelo $78,050
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/10/2021 08/10/21 Sold $181,000 -5.7% $92 / Sq Ft
06/21/2021 06/21/21 Pending -- -- --
06/11/2021 06/11/21 For Sale $192,000 -- $98 / 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 $5,329 $111,000 $0 $0
2024 $3,021 $99,400 $0 $0
2023 $2,877 $92,900 $0 $0
2022 $4,684 $80,000 $0 $0
2021 $3,582 $65,000 $0 $0
2020 $3,534 $62,400 $0 $0
2019 $3,493 $136,994 $0 $0
2018 $3,404 $58,600 $0 $0
2017 $3,340 $58,600 $0 $0
2016 -- $56,700 $0 $0
2015 -- $56,700 $0 $0
2014 -- $54,400 $0 $0
2013 -- $55,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2021

    Pete Holoway

    Coldwell Banker Professionals-Delta

  • Amber Redman

    Buyer's Agent in 2021

    Amber Redman

    Five Star Real Estate - Lansing

    (517) 881-6658

    10 in this area

    80 Total Sales

    Amber Redman
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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 256426

Greater Lansing Association of Realtors®

APN: 040-050-700-015-00

Michigan Eaton County Lansing 48917

1618 Elmwood Rd, Lansing, MI

This home is located at 1618 Elmwood Rd, Lansing, MI 48917 since 11 June 2021 and is currently estimated at $250,825, approximately $127 per square foot. This property was built in 1983. 1618 Elmwood Rd is a home located in Eaton County with nearby schools including Waverly Senior High School, Windemere Park Charter Academy, and Greater Lansing Adventist School.

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