NOT LISTED FOR SALE

1726 Teel Ave Unit 2 Lansing, MI 48910

Fabulous Acres Neighborhood

Estimated Value: $115,000 - $146,000

-- Bed
-- Bath
1,920 Sq Ft
$66/Sq Ft Est. Value

Last Sold November 15, 2019

Last sale price $70,000 $36 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $709/month

200 Days on Market

Highlights

  • Forced Air Heating System
  • Fenced
  • 5-minute walk to Barb Dean Tot Lot

About This Home

As of November 2019

Great investment opportunity, both units have same layout opposite floor plan, tenants are responsible for utilities. Room sizes: Living room 15.7 X 9.11, Dining room 12 X 10, Kitchen 8 X 14, 1 Bedroom 10 X 15, 2 Bedroom 10 X 10, 3 Bedroom 7 X 8, full basement. Newer furnace 2009, newer water heater 2011 in the 1726 unit

Last Agent to Sell the Property

Natan Espinosa

NatanEspinosa.com License #6504266748 Listed on: 10/08/2019

Last Buyer's Agent

Kylie Rinna

Non Member Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1914

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 100x133.4
  • Fenced

Home Design

  • Duplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,920 Sq Ft Home
  • 2.5-Story Property
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector

Parking

  • 4 Parking Spaces
  • No Garage
  • Gravel Driveway
  • Dirt Driveway

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Total Actual Rent $16,200

Community Details

Overview

  • 2 Units
  • Reo Park Subdivision

Building Details

  • New Taxes Expense $2,383

Property Details

Home Type

Multi-Family

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Gross Rent: 16200.0
  • Misc Business Info Roof Type: shingle
  • Tax Year: 2018
  • Registered Licenses for Unrelated Occupants: 2
  • Unit Information License Register Exp: 2020-05-01
  • Levels: Two, Two and One Half
  • Year Built: 1914
  • Lot Size Acres: 0.15
  • Lot Size: 100x133.4
  • Subdivision Name: REO Park
  • Above Grade Finished Sq Ft: 1920.0
  • General Property Info:Lot Size Dimensions: 100x133.4
  • General Property Info:Above Grade Finished Area: 1920.0
  • Levels:Two2: Yes
  • Sewer:Public Sewer: Yes
  • Utilities:Cable Available: Yes
  • Roof:Shingle: Yes
  • Security Features:Smoke Detector(s): Yes
  • General Property Info:ECO Friendly Features: No
  • Exterior:Vinyl Siding: Yes
  • Fencing:Fenced: Yes
  • Parking Features:Dirt3: Yes
  • Levels:Two and One Half: Yes
  • Tax Info:Taxes2: 2383.0
  • Tax Info:Zoning3: Multi-Family
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:Building 1 Description: Duplex
  • General Property Info:_pound_ of Units: 2
  • Annual Inc Expense:Tax Expense2: 2382.99
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Roof: Shingle
  • Fencing: Fenced
  • Construction Type: Vinyl Siding

Garage/Parking

  • Parking Features: Dirt, Gravel, No Garage
  • Attached Garage: No
  • Parking Features:Gravel2: Yes
  • Parking Features:No Garage: Yes
  • Misc Business Info:_pound_ Parking: 4
  • General Property Info:Parking Total: 4

Utilities

  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Sq Ft: 6534.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Carrier Route: 9116

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 7, 2021
Sold by
Venn Andy Aniweta
Bought by
Vennand Ventures Llc
Current Estimated Value
$126,775

Purchase Details

Listed on
Oct 8, 2019
Closed on
Nov 15, 2019
Sold by
Cheong Pong G
Bought by
Venn Andy
Seller's Agent
Natan Espinosa
NatanEspinosa.com
Buyer's Agent
Kylie Rinna
Non Member Office
List Price
$79,900
Sold Price
$70,000
Premium/Discount to List
-$9,900
-12.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.13%
Original Mortgage
$56,000
Outstanding Balance
$39,065
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$81,091

Purchase Details

Closed on
Dec 24, 2007
Sold by
Wells Fargo Bank Na
Bought by
Cheong Pong G

Purchase Details

Closed on
Dec 5, 2006
Sold by
Option One Mortgage Corp
Bought by
Wells Fargo Bank Na and Option One Mortgage Loan Trust 2003-1 As

Purchase Details

Closed on
Nov 30, 2006
Sold by
Pacheco Angel and Pacheco Amy
Bought by
Option One Mortgage Corp

Purchase Details

Closed on
Nov 21, 2002
Sold by
Mattis Matthew J and Mattis Lynn M
Bought by
Pacheco Angel and Pacheco Amy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,300
Interest Rate
8.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 23, 1998
Bought by
Mattis Matthew J and Mattis Lynn M

Purchase Details

Closed on
Sep 11, 1997
Bought by
Mattis Matthew J and Mattis Lynn

Purchase Details

Closed on
Mar 4, 1997
Sold by
Gulick Lawrence D and An Shirley
Bought by
Diversified Marketing, Inc
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
Vennand Ventures Llc -- None Available
Venn Andy $70,000 Select Title Company
Cheong Pong G $32,000 First Am Title
Wells Fargo Bank Na -- None Available
Option One Mortgage Corp $104,581 None Available
Pacheco Angel $85,500 Chicago Title Of Michigan In
Mattis Matthew J $92,000 --
Diversified Marketing Inc $63,000 --
Mattis Matthew J $75,000 --
Diversified Marketing, Inc $63,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Venn Andy $56,000
Previous Owner Pacheco Angel $89,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2019 11/15/19 Sold $70,000 -12.4% $36 / Sq Ft
10/12/2019 10/12/19 Pending -- -- --
03/26/2019 03/26/19 For Sale $79,900 -- $42 / 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 $30 $53,800 $5,500 $48,300
2023 $3,455 $47,900 $5,500 $42,400
2022 $3,160 $44,400 $4,600 $39,800
2021 $3,088 $39,600 $4,500 $35,100
2020 $3,675 $36,600 $4,500 $32,100
2019 $2,508 $33,300 $4,500 $28,800
2018 $2,383 $29,600 $4,500 $25,100
2017 $2,291 $29,600 $4,500 $25,100
2016 $2,225 $29,100 $4,500 $24,600
2015 $2,225 $28,400 $8,954 $19,446
2014 $2,225 $28,300 $6,887 $21,413
Source: Public Records

Agents Affiliated with this Home

  • Natan Espinosa

    Seller's Agent in 2019

    Natan Espinosa

    NatanEspinosa.com

    (517) 202-3541

    1 in this area

    137 Total Sales

    Natan Espinosa
    Section Image

  • K

    Buyer's Agent in 2019

    Kylie Rinna

    Non Member Office

See All Agents

Map

Source: Greater Lansing Association of Realtors®

MLS Number: 234846

Greater Lansing Association of Realtors®

APN: 01-01-21-455-062

Michigan Ingham County Lansing 48910 Fabulous Acres

1726 Teel Ave Unit 2, Lansing, MI

This home is located at 1726 Teel Ave Unit 2, Lansing, MI 48910 since 08 October 2019 and is currently estimated at $126,775, approximately $66 per square foot. This property was built in 1914. 1726 Teel Ave Unit 2 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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