NOT LISTED FOR SALE

Estimated Value: $234,029 - $294,000

-- Bed
1 Bath
3,204 Sq Ft
$82/Sq Ft Est. Value

Last Sold June 04, 2018

Last sale price $174,000 $54 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $1,471/month

7 Days on Market

Highlights

  • Covered patio or porch
  • Forced Air Heating System
  • High Speed Internet
  • 6 Car Attached Garage

About This Home

As of June 2018

2 unit income property in Lansing. Both units feature 3 beds, 2 baths, an eat in kitchen with a glass slider overlooking the pond area. Some newer windows, a spacious living room, 2 bedrooms, and a bathroom on the main level. A lower level with a family room which features a fireplace, a bedroom, bathroom, walkout to the patio, new water heater in 2013, and lots of storage space. Each unit also has a 1 car garage. Unit 2918 has a newer furnace.

Last Listed By

Brock Fletcher

Keller Williams Realty Lansing License #6506042510 Listed on: 04/16/2018

Keller Williams Realty Lansing

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • 0.4 Acre Lot
  • Lot Dimensions are 48.3x200

Home Design

  • 3,204 Sq Ft Home
  • Duplex
  • Bi-Level Home
  • Brick Exterior Construction
  • Frame Construction
  • Shingle Roof
  • Vinyl Siding

Finished Basement

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

Parking

  • 6 Car Attached Garage
  • Garage Door Opener

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 $24,000

Community Details

Overview

  • 2 Units
  • Tammany Hill Subdivision

Building Details

  • Insurance Expense $1,200
  • Maintenance Expense $1,800
  • Other Expense $220
  • New Taxes Expense $4,407
  • Net Operating Income $8,025

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Gross Rent: 24000.0
  • Miscellaneous: 220.0
  • Net Income: 8025.48
  • Misc Business Info Construction Type: framed
  • Misc Business Info Parking Surface: concrete
  • Misc Business Info Roof Type: shingle
  • Tax Year: 2017
  • Misc Business Info Overall Building Siz: 3560
  • Unit Information License Register Exp: 2019-03-01
  • Year Built: 1979
  • Lot Size Acres: 0.4
  • Lot Size: 48.3x200
  • Subdivision Name: Tammany Hill
  • Above Grade Finished Sq Ft: 3204.0
  • Architectural Style: Bi-Level
  • General Property Info:Lot Size Dimensions: 48.3x200
  • General Property Info:Above Grade Finished Area: 3204.0
  • Sewer:Public Sewer: Yes
  • Utilities:Cable Available: Yes
  • Utilities:High Speed Internet Available: Yes
  • Roof:Shingle: Yes
  • Security Features:Smoke Detector(s): Yes
  • Exterior:Vinyl Siding: Yes
  • Exterior:Brick: Yes
  • Percent Basement Finished: Yes
  • Architectural Style:Bi-Level: Yes
  • Tax Info:Taxes2: 4407.46
  • 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: 1200.0
  • Annual Inc Expense:Tax Expense2: 4407.0
  • Annual Inc Expense:Maintenance3: 1800.0
  • 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

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

Garage/Parking

  • Parking Features: Attached, Garage Door Opener
  • Attached Garage: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Attached: Yes
  • Misc Business Info:_pound_ Parking: 6
  • General Property Info:Parking Total: 6

Utilities

  • Sewer: Public Sewer
  • Utilities: High Speed Internet Available, Cable 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: 17511.12
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Carrier Route: 3758

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2018
Closed on
Jun 4, 2018
Sold by
Fields Patrick F and Voglesong Fields Sandra
Bought by
Heethuls Steven G and Heethuls Kristen J
Seller's Agent
Brock Fletcher
Keller Williams Realty Lansing
Buyer's Agent
Melissa Smith
Coldwell Banker Professionals-Delta
List Price
$170,000
Sold Price
$174,000
Premium/Discount to List
$4,000
2.35%
Total Days on Market
7
Current Estimated Value
$263,007

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,007
Avg. Annual Appreciation
6.27%
Original Mortgage
$130,500
Outstanding Balance
$114,502
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$150,542

Purchase Details

Closed on
Apr 1, 1994

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
Heethuls Steven G $174,000 Transnation Title Agency
-- $126,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Heethuls Steven G $130,500
Previous Owner Fields Patrick F $122,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/04/2018 06/04/18 Sold $174,000 +2.4% $54 / Sq Ft
04/23/2018 04/23/18 Pending -- -- --
04/16/2018 04/16/18 For Sale $170,000 -- $53 / 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 $69 $111,100 $15,500 $95,600
2023 $7,744 $102,000 $15,500 $86,500
2022 $7,064 $93,300 $11,800 $81,500
2021 $6,900 $87,200 $8,200 $79,000
2020 $6,852 $85,800 $8,200 $77,600
2019 $6,398 $83,900 $8,200 $75,700
2018 $4,579 $71,400 $8,200 $63,200
2017 $4,407 $71,400 $8,200 $63,200
2016 $4,232 $63,000 $8,200 $54,800
2015 $4,232 $57,500 $16,365 $41,135
2014 $4,232 $56,200 $9,905 $46,295
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 225084

Greater Lansing Association of Realtors®

APN: 01-01-26-405-061