NOT LISTED FOR SALE

Estimated Value: $252,000 - $343,000

6 Beds
2 Baths
2,936 Sq Ft
$97/Sq Ft Est. Value

Last Sold June 09, 2016

Last sale price $153,500 $52 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $1,522/month

233 Days on Market

Highlights

  • 6 Car Attached Garage
  • Forced Air Heating System
  • Fenced

About This Home

As of June 2016

Cash Cow Investment Opportunity. Well Maintained Bright Duplex with Great Income & low maintenance. Each unit has 3 bedrooms and one and a half baths, private garage, deck,, patio & fenced yard, new appliances. Easy commute with HWY access to 127, 96 & 496, MSU & Cooley. Great for investment or owner occupied!

Last Agent to Sell the Property

Jeffry Kermath

Kermath Realty LLC License #6502334057 Listed on: 09/11/2015

Last Buyer's Agent

Chad Dutcher

RE/MAX Real Estate Professionals License #6506041503

RE/MAX Real Estate Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,810

Year Built

  • Built in 1973

Lot Details

  • Lot Dimensions are 56 x 110 x 162
  • Fenced

Parking

  • 6 Car Attached Garage

Home Design

  • Brick Exterior Construction
  • Aluminum Siding

Interior Spaces

  • 2,936 Sq Ft Home
  • 2-Story Property
  • Fire and Smoke Detector

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

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

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,810

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Tax Year: 15
  • Total Dishwashers: 2
  • Total Disposals: 2
  • Total Dryers: 2
  • Total Ovens: 2
  • Total Ranges: 2
  • Total Refrigerators: 2
  • Total Washers: 2
  • Total Water Softeners: 2
  • Levels: Two
  • Year Built: 1973
  • Lot Size: 56 x 110 x 162
  • Above Grade Finished Sq Ft: 2936.0
  • General Property Info:Lot Size Dimensions: 56 x 110 x 162
  • General Property Info:Above Grade Finished Area: 2936.0
  • Exterior:Aluminum Siding: Yes
  • Levels:Two2: Yes
  • Sewer:Public Sewer: Yes
  • Security Features:Smoke Detector(s): Yes
  • General Property Info:ECO Friendly Features: No
  • Exterior:Brick: Yes
  • Fencing:Fenced: Yes
  • Percent Basement Finished: Yes
  • Tax Info:Taxes2: 3810.0
  • Tax Info:Zoning3: Residential
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:_pound_ of Units: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Finished, Full, Walk-Out Access
  • Heating: Forced Air, Natural Gas
  • Property Type: Resid/Multi-Family
  • Full Basement: Yes
  • Basement:Walk-Out Access: Yes

Exterior Features

  • Fencing: Fenced
  • Construction Type: Block, Aluminum Siding, Brick

Garage/Parking

  • Parking Features: Attached
  • Attached Garage: Yes
  • Parking Features:Attached: Yes
  • 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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2015
Closed on
Jun 9, 2016
Sold by
Parsons Burton Ray and Parsons Dawn Marie
Bought by
Haan Tyler A
Seller's Agent
Jeffry Kermath
Kermath Realty LLC
Buyer's Agent
Chad Dutcher
RE/MAX Real Estate Professionals
List Price
$176,500
Sold Price
$153,500
Premium/Discount to List
-$23,000
-13.03%
Total Days on Market
233
Current Estimated Value
$286,075

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$132,575
Avg. Annual Appreciation
7.15%
Original Mortgage
$120,800
Outstanding Balance
$57,648
Interest Rate
3.61%
Mortgage Type
New Conventional
Estimated Equity
$228,427

Purchase Details

Closed on
Jun 25, 2013
Sold by
Mcdonald Jodi L
Bought by
Parsons Burton Ray and Parsons Dawn Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,000
Interest Rate
3.52%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 26, 1997
Sold by
Luken Bobbie Sue
Bought by
Mcdonald Jodi L
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
Haan Tyler A $153,500 Transaction Title
Parsons Burton Ray $105,000 Parks Title
Mcdonald Jodi L $134,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Haan Tyler A $120,800
Previous Owner Parsons Burton Ray $69,000
Previous Owner Mcdonald Jodi L $20,972
Previous Owner Mcdonald Jodi L $177,000
Previous Owner Mcdonald Jodi L $141,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2016 06/09/16 Sold $153,500 -13.0% $52 / Sq Ft
05/01/2016 05/01/16 Pending -- -- --
09/11/2015 09/11/15 For Sale $176,500 -- $60 / 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
2024 $53 $109,700 $13,900 $95,800
2023 $6,020 $100,700 $13,900 $86,800
2022 $5,495 $93,400 $11,600 $81,800
2021 $5,367 $87,300 $11,200 $76,100
2020 $5,330 $88,200 $11,200 $77,000
2019 $5,150 $85,900 $11,200 $74,700
2018 $4,312 $61,800 $11,200 $50,600
2017 $4,141 $61,800 $11,200 $50,600
2016 $3,757 $55,200 $11,200 $44,000
2015 $3,757 $50,800 $22,436 $28,364
2014 $3,757 $49,600 $16,634 $32,966
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 74899

Greater Lansing Association of Realtors®

APN: 01-01-26-402-091