NOT LISTED FOR SALE

Estimated Value: $143,000 - $167,000

-- Bed
-- Bath
1,392 Sq Ft
$108/Sq Ft Est. Value

Last Sold May 11, 2020

Last sale price $97,900 $70 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $1,135/month

About This Home

As of May 2020

Electricity is covered in water/sewage
Duplex- rental 2 units-
Both sides are well kept and nice to show
Unit 1- 1 Bedroom- $545.
Unit 2- 3 Bedroom split- $1200/ $400 per person
$1745/ monthly income

Last Agent to Sell the Property

Michael Sprague

Coldwell Banker Realty-Dewitt License #6502132373 Listed on: 03/16/2020

Co-Listed By

Jennifer Seguin

Coldwell Banker Realty-Dewitt License #6502339619

Last Buyer's Agent

Peter Kogut

Free Range Realty LLC License #6502359698

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1891

Lot Details

  • 5,445 Sq Ft Lot
  • Lot Dimensions are 41.25x132

Home Design

  • Duplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,392 Sq Ft Home
  • 2-Story Property
  • Fire and Smoke Detector

Basement

  • Michigan Basement
  • Exterior Basement Entry

Parking

  • 4 Parking Spaces
  • Private Parking
  • Gravel Driveway

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • High Speed Internet

Listing and Financial Details

  • Total Actual Rent $1,745

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $800
  • Maintenance Expense $1,000
  • Other Expense $1,000
  • Water Sewer Expense $2,100
  • New Taxes Expense $2,885
  • Operating Expense $9,000
  • Net Operating Income $13,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1891

Lot Details

0

Listing Details

  • Gross Rent: 1745.0
  • Miscellaneous: 1000.0
  • Net Income: 13000.0
  • Total Expense: 9000.0
  • Water Sewer Expenses: 2100.0
  • Misc Business Info Construction Type: STICK
  • Misc Business Info Parking Surface: GRAVEL
  • Misc Business Info Roof Type: ASPHALT
  • Tax Year: 2019
  • Registered Licenses for Unrelated Occupants: CR19-0971
  • Misc Business Info Overall Building Siz: 1300
  • Unit Information License Register Exp: 2022-07-01
  • Levels: Two
  • Year Built: 1891
  • Lot Size Acres: 0.13
  • Lot Size: 41.25x132
  • Co List Office Mls Id: 782
  • Co List Office Phone: 517-668-9700
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 1392.0
  • General Property Info:Lot Size Dimensions: 41.25x132
  • General Property Info:Above Grade Finished Area: 1392.0
  • Levels:Two2: Yes
  • Sewer:Public Sewer: Yes
  • Utilities:High Speed Internet Available: Yes
  • Roof:Shingle: Yes
  • Security Features:Smoke Detector(s): Yes
  • Exterior:Vinyl Siding: Yes
  • Tax Info:Taxes2: 2885.82
  • Tax Info:Zoning3: Residential
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:Building 1 Description: DUPLEX
  • General Property Info:_pound_ of Units: 2
  • Annual Inc Expense:Insurance4: 800.0
  • Annual Inc Expense:Tax Expense2: 2885.0
  • Annual Inc Expense:Maintenance3: 1000.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Roof: Shingle
  • Construction Type: Vinyl Siding

Garage/Parking

  • Parking Features: Gravel, Private
  • Attached Garage: No
  • Parking Features:Gravel2: Yes
  • Parking Features:Private6: Yes
  • Misc Business Info:_pound_ Parking: 4
  • General Property Info:Parking Total: 4

Utilities

  • Sewer: Public Sewer
  • Utilities: High Speed Internet 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: 5445.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Carrier Route: 2237

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2020
Closed on
May 11, 2020
Sold by
Dayrell Group Llc
Bought by
Wilson Christopher Zachary
Seller's Agent
Michael Sprague
Coldwell Banker Realty-Dewitt
Buyer's Agent
Peter Kogut
Free Range Realty LLC
List Price
$99,900
Sold Price
$97,900
Premium/Discount to List
-$2,000
-2%
Current Estimated Value
$149,868

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,968
Avg. Annual Appreciation
8.24%
Original Mortgage
$78,320
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 13, 2015
Sold by
Dayrell Peter A
Bought by
Dayrell Group Llc

Purchase Details

Closed on
Jul 15, 2005
Sold by
Hales Smith Cherie J
Bought by
Dayrell Peter A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,920
Interest Rate
7.95%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 27, 2003
Sold by
Simon Marion R
Bought by
Hales Smith Cherie J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,850
Interest Rate
5.86%
Mortgage Type
Purchase Money Mortgage
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
Wilson Christopher Zachary $97,900 Tri County Title Agency Llc
Dayrell Group Llc -- None Available
Dayrell Peter A $97,400 Tnt
Hales Smith Cherie J $86,500 Trans
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wilson Christopher Zachary $78,320
Previous Owner Dayrell Peter A $77,920
Previous Owner Hales Smith Cherie J $77,850
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/11/2020 05/11/20 Sold $97,900 -2.0% $70 / Sq Ft
03/16/2020 03/16/20 For Sale $99,900 -- $72 / 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 $4,131 $69,700 $7,400 $62,300
2024 $33 $60,500 $7,400 $53,100
2023 $4,458 $55,400 $7,400 $48,000
2022 $4,081 $51,600 $6,400 $45,200
2021 $3,713 $47,300 $5,300 $42,000
2020 $2,777 $44,300 $5,300 $39,000
2019 $2,863 $40,700 $5,300 $35,400
2018 $2,725 $36,400 $5,300 $31,100
2017 $2,329 $36,400 $5,300 $31,100
2016 $2,233 $32,900 $5,300 $27,600
2015 $2,233 $31,500 $10,597 $20,903
2014 $2,233 $31,000 $9,750 $21,250
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 244910

Greater Lansing Association of Realtors®

APN: 01-01-15-257-021