J
Seller's Agent in 2017
John Munn
Berkshire Hathaway HomeServices
(517) 282-6781
1 in this area
26 Total Sales
2701 E Saginaw St Lansing, MI 48912
Foster NeighborhoodEstimated Value: $217,295 - $236,000
--
Bed
--
Bath
2,054
Sq Ft
$110/Sq Ft
Est. Value
Highlights
- 0.33 Acre Lot
- 6 Car Detached Garage
- High Speed Internet
- Covered patio or porch
- Forced Air Heating System
- Wood Siding
About This Home
As of December 2017Situated on a large corner lot less than 5 minutes to MSU and within walking distance of Frandor, this charming, 1930 2 story home has been well maintained. Converted many years ago to an income property, it has always been rented. Current owner used the studio apartment while renting the other two units. Now retired and relocated the studio apartment has been rented. There are three units, ****the studio apartment, with 464 square feet is leased through August of 2018 with monthly rent of $450.00. It includes a large living area, full bath, dining area and full kitchen. *****Unit 2, rents for $576.00 per month, has 576 square feet, also leased through August of 2018. It features 1 bedroom, living room, kitchen, dining and full bath. *****Unit 3 has 1,056 square feet, rents for $685.00 per month and is leased to 15/Jun/2018. It has 2 bedrooms, living room, kitchen, dining and full bath. This property would be a wonderful opportunity for someone looking for a place to live while generating income to pay the mortgage or just as a good investment property. Each unit has oven/range and refrigerator. Tenants are responsible for electricity, separate meters for each unit, landlord pays other utilities which are very reasonable. 2016 cost for water sewer was only $576.00, natural gas was only $1,090, lawn maintenance and snow removal was $480.00. Home does have a full basement that shared by tenants. Includes laundry facilities, storage areas. Other features include, hardwood floors, original woodwork throughout, new, 2015 90% high efficient furnace and air filter, 2007 gas water heater, 3 car, 600 square foot, garage plus large additional area for parking of several vehicles. Formal front entry accesses all 3 units which can also be accessed by a rear entrance conveniently located near garage and parking areas.
Last Agent to Sell the Property
Berkshire Hathaway HomeServices License #6506040104 Listed on: 09/18/2017
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1930
Lot Details
- 0.33 Acre Lot
- Lot Dimensions are 106x138
Home Design
- Frame Construction
- Wood Siding
Interior Spaces
- 2,054 Sq Ft Home
- 2-Story Property
- Fire and Smoke Detector
Basement
- Basement Fills Entire Space Under The House
- Exterior Basement Entry
- Shared Basement
Parking
- 6 Car Detached Garage
- Gravel Driveway
Outdoor Features
- Covered patio or porch
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Gas Water Heater
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Total Actual Rent $20,400
Community Details
Overview
- 3 Units
- Downers Subdivision
Building Details
- Insurance Expense $1,300
- Other Expense $480
- Water Sewer Expense $576
- New Taxes Expense $4,208
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 18, 2017
Closed on
Dec 13, 2017
Sold by
Morese Suzzane H
Bought by
Manderfield Paula J and Gilstrap David M
Seller's Agent
John Munn
Berkshire Hathaway HomeServices
Buyer's Agent
Peter MacIntyre
RE/MAX Real Estate Professionals
List Price
$135,000
Sold Price
$120,500
Premium/Discount to List
-$14,500
-10.74%
Total Days on Market
71
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
$104,824
Avg. Annual Appreciation
8.75%
Purchase Details
Closed on
Aug 19, 2010
Sold by
Company Of The Committed Llc
Bought by
Bank Of America Na
Purchase Details
Closed on
Aug 28, 2003
Sold by
T L Hart Inc
Bought by
Committed Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,500
Interest Rate
5.97%
Mortgage Type
Purchase Money Mortgage
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
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Manderfield Paula J | $120,500 | None Available | |
| Bank Of America Na | $91,498 | None Available | |
| Committed Llc | -- | Metropolitan Title Okemos Se |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Manderfield Paula J | $105,000 | |
| Previous Owner | Morese Suzanne H | $54,375 | |
| Previous Owner | Company Of The Commited Llc | $85,000 | |
| Previous Owner | Committed Llc | $34,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/15/2017 12/15/17 | Sold | $120,500 | -4.7% | $59 / Sq Ft |
| 11/28/2017 11/28/17 | Pending | -- | -- | -- |
| 10/24/2017 10/24/17 | Price Changed | $126,500 | -6.3% | $62 / Sq Ft |
| 09/18/2017 09/18/17 | For Sale | $135,000 | -- | $66 / 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 | $52 | $107,500 | $15,800 | $91,700 |
| 2023 | $5,977 | $87,200 | $15,800 | $71,400 |
| 2022 | $5,464 | $80,600 | $13,000 | $67,600 |
| 2021 | $5,338 | $74,300 | $11,100 | $63,200 |
| 2020 | $5,299 | $69,400 | $11,100 | $58,300 |
| 2019 | $5,115 | $65,900 | $11,100 | $54,800 |
| 2018 | $4,855 | $60,300 | $11,100 | $49,200 |
| 2017 | $4,270 | $60,300 | $11,100 | $49,200 |
| 2016 | $4,104 | $55,600 | $11,100 | $44,500 |
| 2015 | $4,104 | $53,900 | $22,176 | $31,724 |
| 2014 | $4,104 | $53,100 | $13,417 | $39,683 |
Source: Public Records
Agents Affiliated with this Home
-
John Munn
-
Peter MacIntyre
Buyer's Agent in 2017
Peter MacIntyre
RE/MAX Michigan
(517) 256-6664
7 in this area
491 Total Sales
Map
Source: Greater Lansing Association of Realtors®
MLS Number: 220139
APN: 01-01-11-379-141
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