NOT LISTED FOR SALE

1800 Coolidge Rd East Lansing, MI 48823

Estimated Value: $237,000 - $303,617

4 Beds
2 Baths
1,607 Sq Ft
$172/Sq Ft Est. Value

Last Sold June 11, 2021

Last sale price $180,000 $112 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $1,736/month

Highlights

  • Covered Patio or Porch
  • Forced Air Heating System
  • Fenced
  • Green Elementary School Rated A-

About This Home

As of June 2021

Excellent investment opportunity with this 2 unit rental property located in East Lansing. The unit 1 is on upstairs and features 2 bedrooms & 1 bath, new floor, no dishwasher. Unit 2 is on downstairs and also 2 bedrooms & 1 bath, carpet of three years, with dishwasher, washer and dryer. Both units include an oven and refrigerator. Heating and AC about 6-7 years old, roof 3-4 years old. No garage, each unit has a driveway for 2-3 cars parking. Downstairs unit is currently rented and has the month-to-month lease. Tenant pays his own utilities. The tenant is great and would like to renew for a long term lease with the new buyer. Upstairs unit tenant just moved out and the unit is vacant to show. License of 3 individuals or 1 family for each unit.

Last Agent to Sell the Property

Xin Liu

RE/MAX Real Estate Professionals License #6501408205 Listed on: 04/22/2021

RE/MAX Real Estate Professionals

Last Buyer's Agent

Eli Abdalla

EXP Realty, LLC License #6501415335

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 160x85
  • Fenced

Home Design

  • 1,607 Sq Ft Home
  • Duplex
  • Bi-Level Home
  • Slab Foundation
  • Shingle Roof
  • Aluminum Siding
  • Vinyl Siding

Parking

  • 4 Parking Spaces
  • No Garage

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Electric Water Heater

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Tax Year: 2020
  • Year Built: 1971
  • Lot Size Acres: 0.3
  • Lot Size: 160x85
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 1607.0
  • Architectural Style: Bi-Level
  • General Property Info:Lot Size Dimensions: 160x85
  • General Property Info:Above Grade Finished Area: 1607.0
  • Exterior:Aluminum Siding: Yes
  • Foundation Details:Slab: Yes
  • Sewer:Public Sewer: Yes
  • Roof:Shingle: Yes
  • Security Features:Smoke Detector(s): Yes
  • Exterior:Vinyl Siding: Yes
  • Fencing:Fenced: Yes
  • Architectural Style:Bi-Level: Yes
  • Tax Info:Taxes2: 5163.0
  • Tax Info:Zoning3: Multi-Family
  • General Property Info:Building 1 Description: Duplex
  • General Property Info:_pound_ of Units: 2
  • Water Heater:Electric Water Heater2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Roof: Shingle
  • Fencing: Fenced
  • Foundation Details: Slab
  • Patio And Porch Features: Covered
  • Construction Type: Vinyl Siding, Aluminum Siding
  • Patio Porch Features:Covered: Yes

Garage/Parking

  • Parking Features: No Garage
  • Attached Garage: No
  • Parking Features:No Garage: Yes
  • General Property Info:Parking Total: 4

Utilities

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

Schools

  • Junior High Dist: East Lansing

Lot Info

  • Lot Size Sq Ft: 13068.0
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2021
Closed on
Jun 11, 2021
Sold by
Liu Yan Xin
Bought by
Mcnamara Nina and Mcnamara Michael
Seller's Agent
Xin Liu
RE/MAX Real Estate Professionals
Buyer's Agent
Eli Abdalla
EXP Realty, LLC
List Price
$184,900
Sold Price
$180,000
Premium/Discount to List
-$4,900
-2.65%
Current Estimated Value
$276,404

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,404
Avg. Annual Appreciation
10.18%
Original Mortgage
$135,000
Outstanding Balance
$122,492
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$150,369

Purchase Details

Closed on
Mar 15, 2012
Sold by
Newman Msu Properties Llc
Bought by
Liu Yan Xin

Purchase Details

Closed on
May 17, 2011
Sold by
Newman Jason L
Bought by
Newman Msu Properties Llc

Purchase Details

Closed on
Sep 20, 2005
Sold by
Foley Michael C
Bought by
Newman Jason L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,800
Interest Rate
6.37%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 15, 2003
Sold by
Grescowle Amy C
Bought by
Foley Michael C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,300
Interest Rate
6.75%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
May 1, 2002
Sold by
Holden Wayne and Holden Patricia
Bought by
Grescowle Mark S and Grescowle Amy A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,625
Interest Rate
8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 1, 1993

Purchase Details

Closed on
Dec 1, 1986
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 Buyer Sale Price Title Company
Mcnamara Nina $180,000 Ata National Title Group Llc
Liu Yan Xin $100,000 Select Title Company
Newman Msu Properties Llc -- Select Title Company
Newman Msu Properties Llc -- None Available
Newman Jason L $165,000 Transnation Title
Foley Michael C $157,000 Midstate Title Co
Grescowle Mark S $137,500 --
-- $85,000 --
-- $51,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcnamara Michael $135,000
Previous Owner Newman Jason L $148,800
Previous Owner Newman Jason L $17,700
Previous Owner Newman Jason L $132,000
Previous Owner Foley Michael C $141,300
Previous Owner Grescowle Mark S $130,625
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/11/2021 06/11/21 Sold $180,000 -4.8% $112 / Sq Ft
04/26/2021 04/26/21 Pending -- -- --
04/22/2021 04/22/21 Price Changed $189,000 +2.2% $118 / Sq Ft
10/12/2020 10/12/20 For Sale $184,900 -- $115 / 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 $8,828 $134,700 $39,100 $95,600
2024 $77 $131,200 $36,600 $94,600
2023 $8,881 $119,300 $35,000 $84,300
2022 $7,754 $105,200 $31,300 $73,900
2021 $5,138 $102,600 $27,000 $75,600
2020 $5,078 $102,600 $27,500 $75,100
2019 $4,898 $66,700 $27,700 $39,000
2018 $5,292 $66,700 $24,300 $42,400
2017 $5,105 $66,700 $25,200 $41,500
2016 -- $69,600 $24,300 $45,300
2015 -- $66,200 $46,343 $19,857
2014 -- $63,000 $45,434 $17,566
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 250569

Greater Lansing Association of Realtors®

APN: 20-01-12-100-019