1811 Bailey St Lansing, MI 48910
Fabulous Acres NeighborhoodEstimated Value: $64,000 - $71,000
2
Beds
1
Bath
864
Sq Ft
$79/Sq Ft
Est. Value
Highlights
- Living Room
- Dining Room
- 3-minute walk to Clifford Park
- Forced Air Heating System
- Fenced
About This Home
As of April 2012This is a Fannie Mae HomePath property. Purchase for as little as 3% down. Approved for Homepath and HomePath Renovation Mortgage. All offers must state whether buyer is an owner occupant or investor. If owner occupant please have them sign the Owner Occupant Certification (see attachments). All offers must include a pre approval letter from a direct endorsement lender. Minimum 10% earnest money deposit if cash purchase. Cash offers to include proof of funds. All investor sales will have a 3 month deed restriction, they will not be allowed to sell or refinance for 3 months for over 20% more than purchase price. All properties to be listed in MLS for 3 days prior to any offers being submitted for owner occupants, 15 days for investors. Two bedroom, two story, fenced backyard. Vinyl siding, some updated windows. Close to everything.
Last Listed By
Karla Russell
RE/MAX Real Estate Professionals Dewitt Listed on: 02/23/2012
Home Details
Home Type
- Single Family
Year Built
- Built in 1920
Lot Details
- Lot Dimensions are 30x114
- Fenced
Home Design
- Vinyl Siding
Interior Spaces
- 864 Sq Ft Home
- 2-Story Property
- Living Room
- Dining Room
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Parking
- No Garage
- Gravel Driveway
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Gas Water Heater
Listing and Financial Details
- REO, home is currently bank or lender owned
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 23, 2012
Closed on
Apr 12, 2012
Sold by
Fannie Mae
Bought by
Dw Sheets V Llc
Seller's Agent
Karla Russell
RE/MAX Real Estate Professionals Dewitt
Buyer's Agent
Lisa VanderMeer
Coldwell Banker Professionals-E.L.
List Price
$7,600
Sold Price
$6,000
Premium/Discount to List
-$1,600
-21.05%
Total Days on Market
41
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,624
Avg. Annual Appreciation
20.92%
Purchase Details
Closed on
Dec 20, 2011
Sold by
Green Tree Servicing Llc
Bought by
Federal National Mortgage Association
Purchase Details
Closed on
Sep 29, 2011
Sold by
Kimmel Paul T and Kimmel Lori
Bought by
Green Tree Servicing Llc
Purchase Details
Closed on
Dec 14, 2005
Sold by
Rideoutt Michael W and Secory Judy K
Bought by
Kimmel Paul T and Kimmel Lori A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$39,950
Interest Rate
6.48%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Oct 4, 2005
Sold by
Rideoutt Michael and Secory Judy
Bought by
Rideoutt Michael and Secory Judy
Purchase Details
Closed on
Feb 12, 2003
Sold by
Lancour Marci A and Lancour John M
Bought by
Rideoutt Michael W and Secory Judy K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,910
Interest Rate
5.76%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 8, 1995
Sold by
Trail Susen E
Bought by
Lancour John M and Lancour Marci
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Similar Homes in Lansing, MI
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Federal National Mortgage Association | -- | None Available | |
| Green Tree Servicing Llc | $35,661 | None Available | |
| Kimmel Paul T | $50,000 | None Available | |
| Rideoutt Michael | -- | None Available | |
| Rideoutt Michael W | $39,900 | Midstate Title | |
| Lancour John M | $28,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Kimmel Paul T | $39,950 | |
| Previous Owner | Rideoutt Michael W | $35,910 | |
| Previous Owner | Lancour John M | $28,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/12/2012 04/12/12 | Sold | $6,000 | -21.1% | $7 / Sq Ft |
| 04/04/2012 04/04/12 | Pending | -- | -- | -- |
| 02/23/2012 02/23/12 | For Sale | $7,600 | -- | $9 / Sq Ft |
Source: Greater Lansing Association of Realtors®
Tax History Compared to Growth
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 | $13 | $26,800 | $2,300 | $24,500 |
| 2023 | $2,154 | $23,800 | $2,300 | $21,500 |
| 2022 | $1,376 | $22,200 | $1,900 | $20,300 |
| 2021 | $1,344 | $19,700 | $1,900 | $17,800 |
| 2020 | $1,334 | $18,200 | $1,900 | $16,300 |
| 2019 | $1,286 | $16,500 | $1,900 | $14,600 |
| 2018 | $1,222 | $15,200 | $1,900 | $13,300 |
| 2017 | $1,175 | $15,200 | $1,900 | $13,300 |
| 2016 | $1,145 | $14,900 | $1,900 | $13,000 |
| 2015 | $1,145 | $14,600 | $3,724 | $10,876 |
| 2014 | $1,145 | $14,600 | $2,865 | $11,735 |
Source: Public Records
Agents Affiliated with this Home
-
K
Seller's Agent in 2012
Karla Russell
RE/MAX Michigan
-
Lisa VanderMeer
Buyer's Agent in 2012
Lisa VanderMeer
Coldwell Banker Professionals-E.L.
(517) 285-3940
48 Total Sales
Map
Source: Greater Lansing Association of Realtors®
MLS Number: 34424
APN: 01-01-22-355-031
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