NOT LISTED FOR SALE

Estimated Value: $216,000 - $339,000

2 Beds
1 Bath
2,752 Sq Ft
$102/Sq Ft Est. Value

Last Sold August 28, 2019

Last sale price $175,000 $64 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $1,801/month

29 Days on Market

Highlights

  • Ranch Style House
  • Covered Patio or Porch
  • Forced Air Heating System

About This Home

As of August 2019

Great investment oppurtunity, Groesbeck area. 2 units both 3 bed,2 bath. Tenants on both sides have occupied 10+years. Close to Eastwood, MSU, downtown and highways, perfect location!!! Current license good until 2021. Rental history and expenses on request.

Last Agent to Sell the Property

Jennifer Murdoch

Berkshire Hathaway HomeServices License #6501359435 Listed on: 07/23/2019

Berkshire Hathaway HomeServices

Last Buyer's Agent

Jennifer Murdoch

Berkshire Hathaway HomeServices License #6501359435 Listed on: 07/23/2019

Berkshire Hathaway HomeServices

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1968

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 80.54x150

Home Design

  • 2,752 Sq Ft Home
  • Duplex
  • Ranch Style House
  • Brick Exterior Construction
  • Shingle Roof

Basement

  • Basement Fills Entire Space Under The House
  • Natural lighting in basement

Parking

  • 6 Parking Spaces
  • Carport

Outdoor Features

  • Covered Patio or Porch

Utilities

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

Community Details

  • 2 Units
  • Bancroft Subdivision

Listing and Financial Details

  • Total Actual Rent $1,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Gross Rent: 1800.0
  • Misc Business Info Construction Type: RANCH
  • Misc Business Info Parking Surface: CONCRETE
  • Misc Business Info Roof Type: SHINGLE
  • Tax Year: 2019
  • Misc Business Info Overall Building Siz: 2751
  • Levels: One
  • Year Built: 1968
  • Lot Size Acres: 0.28
  • Lot Size: 80.54X150
  • Subdivision Name: Bancroft
  • Above Grade Finished Sq Ft: 2752.0
  • Architectural Style: Ranch
  • General Property Info:Lot Size Dimensions: 80.54X150
  • General Property Info:Above Grade Finished Area: 2752.0
  • Sewer:Public Sewer: Yes
  • Roof:Shingle: Yes
  • Levels:One: Yes
  • Architectural Style:Ranch: Yes
  • Exterior:Brick: Yes
  • Tax Info:Taxes2: 4421.0
  • 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
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Roof: Shingle
  • Patio And Porch Features: Covered
  • Construction Type: Brick
  • Patio Porch Features:Covered: Yes

Garage/Parking

  • Parking Features: Carport
  • Attached Garage: No
  • Parking Features:Carport: Yes
  • Misc Business Info:_pound_ Parking: 6
  • General Property Info:Parking Total: 6

Utilities

  • Sewer: Public Sewer
  • 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: 12066.12
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2019
Closed on
Aug 22, 2019
Sold by
Cheng Jiancong
Bought by
Rdpd Properties Llc
Seller's Agent
Jennifer Murdoch
Berkshire Hathaway HomeServices
Buyer's Agent
Jennifer Murdoch
Berkshire Hathaway HomeServices
List Price
$185,000
Sold Price
$175,000
Premium/Discount to List
-$10,000
-5.41%
Current Estimated Value
$279,573

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$104,573
Avg. Annual Appreciation
8.08%

Purchase Details

Closed on
Jun 1, 2012
Sold by
Pnc Bank Na
Bought by
Cheng Jiancong

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 3, 2008
Sold by
Spagnuolo Ralph J
Bought by
Spagnuolo Ralph J and Ralph J Spagnuolo Trust

Purchase Details

Closed on
Jan 1, 1997
Sold by
Spagnuolo John and Spagnuolo Thomasina
Bought by
Spagnuolo Ralph J
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
Rdpd Properties Llc $175,000 Title Resource Agency
Cheng Jiancong $120,000 Tri County
Spagnuolo Ralph J -- None Available
Spagnuolo Ralph J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cheng Jiancong $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2019 08/28/19 Sold $175,000 -5.4% $64 / Sq Ft
08/13/2019 08/13/19 Pending -- -- --
07/15/2019 07/15/19 For Sale $185,000 -- $67 / 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 $9,092 $119,300 $20,800 $98,500
2024 $8,551 $122,200 $20,800 $101,400
2023 $8,551 $115,800 $20,800 $95,000
2022 $7,799 $101,300 $17,700 $83,600
2021 $7,618 $96,100 $17,100 $79,000
2020 $7,565 $94,700 $17,100 $77,600
2019 $5,421 $95,600 $17,100 $78,500
2018 $5,139 $81,400 $17,100 $64,300
2017 $4,947 $81,400 $17,100 $64,300
2016 $4,750 $70,400 $17,100 $53,300
2015 $4,750 $67,700 $34,173 $33,527
2014 $4,750 $65,800 $34,173 $31,627
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 238723

Greater Lansing Association of Realtors®

APN: 01-01-02-352-051