NOT LISTED FOR SALE

Estimated Value: $147,000 - $178,000

Studio
2 Baths
1,679 Sq Ft
$95/Sq Ft Est. Value

Last Sold December 17, 2021

Last sale price $119,000 $71 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $1,245/month

77 Days on Market

Highlights

  • Traditional Architecture
  • Forced Air Heating System
  • Carpet
  • Covered Patio or Porch

About This Home

As of December 2021

Great income opportunity in Lansing's Eastside neighborhood! All 3 units are occupied. Units 1 and 2 are main floor and both 1br/1ba. Unit 3 is a 2br/1ba on the second floor with a private side entrance. Two new water heaters in 2019 and a licensed contractor brought everything up to code in early 2021.

Last Agent to Sell the Property

Ryan Taylor

EXP Realty - Lansing License #6501427038 Listed on: 09/16/2021

EXP Realty - Lansing

Last Buyer's Agent

Brian Kasper

Century 21 Affiliated License #6501417604

Century 21 Affiliated

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,947

Year Built

  • Built in 1909

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 43x121

Home Design

  • Traditional Architecture
  • Block Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,679 Sq Ft Home
  • 2-Story Property
  • Michigan Basement

Flooring

  • Carpet
  • Laminate
  • Vinyl

Parking

  • 4 Car Garage
  • Carport

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Additional Features

  • Covered Patio or Porch
  • City Lot

Listing and Financial Details

  • Total Actual Rent $28,260

Community Details

Overview

  • 3 Units
  • Harrahs Subdivision

Building Details

  • New Taxes Expense $2,947

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,947

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Gross Rent: 28260.0
  • Tax Year: 2021
  • Registered Licenses for Unrelated Occupants: Yes
  • Levels: Two
  • Year Built: 1909
  • Lot Size Acres: 0.12
  • Lot Size: 43x121
  • Subdivision Name: Harrahs
  • Above Grade Finished Sq Ft: 1679.0
  • Architectural Style: Traditional
  • General Property Info:Lot Size Dimensions: 43x121
  • General Property Info:Above Grade Finished Area: 1679.0
  • Levels:Two2: Yes
  • Flooring:Carpet: Yes
  • Flooring:Laminate: Yes
  • Foundation Details:Block4: Yes
  • Sewer:Public Sewer: Yes
  • Roof:Shingle: Yes
  • Exterior:Vinyl Siding: Yes
  • Flooring:Vinyl2: Yes
  • Architectural Style:Traditional: Yes
  • Cooling:None8: Yes
  • Tax Info:Taxes2: 2947.0
  • Tax Info:Zoning3: Residential
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:Building 1 Description: 200 Lathrop St
  • General Property Info:_pound_ of Units: 3
  • Annual Inc Expense:Tax Expense2: 2947.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan
  • Heating: Forced Air, Natural Gas
  • Flooring: Carpet, Laminate, Vinyl
  • Property Type: Resid/Multi-Family
  • Basement:Michigan: Yes

Exterior Features

  • Roof: Shingle
  • Foundation Details: Block
  • Lot Features: City Lot
  • RoadFrontageType: City Street
  • RoadSurfaceType: Paved
  • Patio And Porch Features: Covered, Front Porch
  • Construction Type: Vinyl Siding
  • Lot Features:City Lot: Yes
  • Patio Porch Features:Covered: Yes
  • Patio Porch Features:Front Porch: Yes

Garage/Parking

  • Parking Features: Carport
  • Attached Garage: No
  • Parking Features:Carport: Yes
  • Misc Business Info:_pound_ Parking: 4
  • General Property Info:Parking Total: 4
  • Parking Features:Garage Spaces2: 4

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • LaundryFeatures: None
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Sq Ft: 5227.2
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Carrier Route: 2245

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2021
Closed on
Dec 17, 2021
Sold by
200 Lathrop Street Llc
Bought by
Santibanez Leticia and Rodriguez Edward D
Seller's Agent
Ryan Taylor
EXP Realty - Lansing
Buyer's Agent
Brian Kasper
Century 21 Affiliated
List Price
$144,000
Sold Price
$119,000
Premium/Discount to List
-$25,000
-17.36%
Current Estimated Value
$160,332

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,332
Avg. Annual Appreciation
7.52%
Original Mortgage
$93,000
Outstanding Balance
$79,501
Interest Rate
2.98%
Mortgage Type
New Conventional
Estimated Equity
$80,831

Purchase Details

Listed on
Sep 4, 2020
Closed on
Oct 20, 2020
Sold by
Garza Andres and Garza Cynthia D
Bought by
200 Lathrop Street Llc
Seller's Agent
Lisa Fata
Coldwell Banker Realty -Stadium
Buyer's Agent
David Hall
Achieve Real Estate LLC
List Price
$122,000
Sold Price
$122,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.12%
Original Mortgage
$98,200
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Jun 27, 2018
Closed on
Aug 21, 2018
Sold by
Knapman Phillip C and Furry Lois A
Bought by
Garza Andres and Garza Cynthia D
Seller's Agent
Dave Ledebuhr
Musselman Realty Company
Buyer's Agent
Lisa Fata
Coldwell Banker Realty -Stadium
List Price
$115,000
Sold Price
$112,250
Premium/Discount to List
-$2,750
-2.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.91%
Original Mortgage
$84,187
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 7, 1998
Sold by
Mcquay Mark and Mcquay Pamela
Bought by
Knapman Phillip and Furry Lois
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Santibanez Leticia $119,000 None Available
200 Lathrop Street Llc $122,000 Tri County Title Agency Inc
Garza Andres $112,250 Transnation Title Agency
Knapman Phillip $70,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Santibanez Leticia $93,000
Previous Owner 200 Lathrop Street Llc $98,200
Previous Owner Garza Andres $84,187
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/17/2021 12/17/21 Sold $119,000 -10.5% $71 / Sq Ft
12/02/2021 12/02/21 Pending -- -- --
11/10/2021 11/10/21 Price Changed $132,900 -5.0% $79 / Sq Ft
10/12/2021 10/12/21 Price Changed $139,900 -2.8% $83 / Sq Ft
09/16/2021 09/16/21 For Sale $144,000 +18.0% $86 / Sq Ft
10/20/2020 10/20/20 Sold $122,000 0.0% $73 / Sq Ft View Prior Sale
09/15/2020 09/15/20 Pending -- -- --
09/04/2020 09/04/20 For Sale $122,000 +8.7% $73 / Sq Ft
08/21/2018 08/21/18 Sold $112,250 -2.4% $67 / Sq Ft View Prior Sale
06/27/2018 06/27/18 For Sale $115,000 -- $68 / Sq Ft
Source: Greater Lansing Association of Realtors®

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 $4,725 $71,700 $4,300 $67,400
2024 $37 $63,000 $4,300 $58,700
2023 $4,458 $54,300 $4,300 $50,000
2022 $4,089 $47,400 $3,500 $43,900
2021 $3,897 $44,600 $5,800 $38,800
2020 $3,467 $42,800 $5,800 $37,000
2019 $3,275 $38,100 $5,800 $32,300
2018 $2,738 $34,100 $5,800 $28,300
2017 $2,628 $34,100 $5,800 $28,300
2016 $2,551 $32,700 $5,800 $26,900
2015 $2,551 $30,300 $11,658 $18,642
2014 $2,551 $30,200 $9,068 $21,132
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 259692

Greater Lansing Association of Realtors®

APN: 01-01-15-406-211