NOT LISTED FOR SALE

307 N Chestnut St Lansing, MI 48933

Downtown Lansing Neighborhood

Estimated Value: $149,000 - $207,000

-- Bed
-- Bath
2,216 Sq Ft
$82/Sq Ft Est. Value

Last Sold November 19, 2018

Last sale price $120,000 $54 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $1,019/month

69 Days on Market

Highlights

  • 0.5 Acre Lot
  • Wood Siding
  • 2-minute walk to Ferris Park
  • Forced Air Heating System

About This Home

As of November 2018

Large 3 unit, close to the capitol. Ample parking on 1/2 acre lot. Well maintained units. Walking distance to all downtown activities. hardwood floors and natural woodwork

Last Agent to Sell the Property

Diane Sanborn

Coldwell Banker Realty -Stadium License #6506040310 Listed on: 09/04/2018

Last Buyer's Agent

Robert South

RE/MAX Real Estate Professionals License #6501397629

RE/MAX Real Estate Professionals

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1870

Lot Details

  • 0.5 Acre Lot
  • Lot Dimensions are 66x165

Home Design

  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 2,216 Sq Ft Home
  • 2-Story Property
  • Fire and Smoke Detector

Basement

  • Basement Fills Entire Space Under The House
  • Michigan Basement
  • Exterior Basement Entry
  • Shared Basement

Parking

  • 5 Parking Spaces
  • No Garage
  • Private Parking
  • Gravel Driveway

Utilities

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

Listing and Financial Details

  • Total Actual Rent $21,300

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $1,602
  • Maintenance Expense $2,335
  • Water Sewer Expense $1,988
  • New Taxes Expense $3,973
  • Operating Expense $9,898
  • Net Operating Income $11,402

Property Details

Home Type

Multi-Family

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Gross Rent: 21300.0
  • Net Income: 11402.0
  • Total Expense: 9898.0
  • Water Sewer Expenses: 1988.0
  • Misc Business Info Parking Surface: GRAVEL
  • Misc Business Info Roof Type: SHINGLE
  • Tax Year: 2017
  • Misc Business Info Overall Building Siz: 2216
  • Levels: Two
  • Year Built: 1870
  • Lot Size Acres: 0.5
  • Lot Size: 66x165
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 2216.0
  • General Property Info:Lot Size Dimensions: 66x165
  • General Property Info:Above Grade Finished Area: 2216.0
  • Levels:Two2: Yes
  • Sewer:Public Sewer: Yes
  • Roof:Shingle: Yes
  • Security Features:Smoke Detector(s): Yes
  • Exterior:Wood Siding: Yes
  • Tax Info:Taxes2: 4074.0
  • Tax Info:Zoning3: Residential
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:Building 1 Description: BLDG 1
  • General Property Info:_pound_ of Units: 3
  • Annual Inc Expense:Insurance4: 1602.0
  • Annual Inc Expense:Tax Expense2: 3973.0
  • Annual Inc Expense:Maintenance3: 2335.0
  • Basement:Shared2: Yes
  • Misc Business Info Zoning5: DM3
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Roof: Shingle
  • Construction Type: Wood Siding

Garage/Parking

  • Total Parking Spaces: 5.0
  • Parking Features: Gravel, No Garage, Private
  • Attached Garage: No
  • Parking Features:Gravel2: Yes
  • Parking Features:No Garage: Yes
  • Parking Features:Private6: Yes
  • Misc Business Info:_pound_ Parking: 5
  • General Property Info:Parking Total: 5

Utilities

  • Sewer: Public Sewer
  • Appliances: Gas Water Heater
  • SecurityFeatures: Smoke Detector(s)
  • Water Source: Public
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Fee Information

  • Annual Water Sewer Expense: 1988.0

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Sq Ft: 21780.0
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 3
  • Insurance Expense: 1602.0
  • Maintenance Expense: 2335.0
  • Property Net Operating Income: 11402.0

Tax Info

  • New Taxes Expense: 3973.0
  • Tax Carrier Route: 8013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 18, 2022
Sold by
Ostrovski Alan Y
Bought by
Ostrich Key Llc
Current Estimated Value
$182,172

Purchase Details

Listed on
Sep 4, 2018
Closed on
Nov 19, 2018
Sold by
Janssen Charles A
Bought by
Ostrovski Alan
Seller's Agent
Diane Sanborn
Coldwell Banker Realty -Stadium
Buyer's Agent
Robert South
RE/MAX Real Estate Professionals
List Price
$144,900
Sold Price
$120,000
Premium/Discount to List
-$24,900
-17.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.89%
Original Mortgage
$90,000
Interest Rate
4.8%

Purchase Details

Listed on
Sep 4, 2018
Closed on
Nov 8, 2018
Sold by
Ndj Properties Llc
Bought by
Janssen Charles A
Seller's Agent
Diane Sanborn
Coldwell Banker Realty -Stadium
Buyer's Agent
Robert South
RE/MAX Real Estate Professionals
List Price
$144,900
Sold Price
$120,000
Premium/Discount to List
-$24,900
-17.18%

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
4.8%

Purchase Details

Closed on
Nov 16, 2017
Sold by
Anne Tiller
Bought by
Pohl Travis and Pohl Allyson

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,000
Interest Rate
3.95%

Purchase Details

Closed on
Sep 23, 2015
Sold by
Janssen Charles A and Janssen Leanne L
Bought by
Ndj Properties Llc
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
Ostrich Key Llc -- --
Ostrovski Hanna A -- --
Ostrovski Alan $120,000 Tri County Title Agency Llc
Janssen Charles A -- None Available
Pohl Travis $80,000 --
Ndj Properties Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ostrovski Alan $90,000
Previous Owner Pohl Travis $147,000
Previous Owner Pohl Travis --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/19/2018 11/19/18 Sold $120,000 -17.2% $54 / Sq Ft
10/17/2018 10/17/18 Pending -- -- --
08/09/2018 08/09/18 For Sale $144,900 -- $65 / 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 $49 $92,400 $8,300 $84,100
2023 $5,640 $83,300 $8,300 $75,000
2022 $4,791 $73,400 $7,400 $66,000
2021 $4,684 $70,000 $8,300 $61,700
2020 $4,651 $65,100 $8,300 $56,800
2019 $4,419 $59,000 $8,300 $50,700
2018 $4,148 $54,900 $8,300 $46,600
2017 $3,989 $54,900 $8,300 $46,600
2016 $3,830 $54,000 $8,300 $45,700
2015 $3,830 $52,400 $16,500 $35,900
2014 $3,830 $49,300 $19,500 $29,800
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2018

    Diane Sanborn

    Coldwell Banker Realty -Stadium

  • Robert South

    Buyer's Agent in 2018

    Robert South

    RE/MAX Michigan

    (517) 331-1638

    1 in this area

    47 Total Sales

    Robert South
    Section Image

  • R

    Buyer's Agent in 2018

    Rob South

    RE/MAX Michigan

See All Agents

Map

Source: Greater Lansing Association of Realtors®

MLS Number: 230145

Greater Lansing Association of Realtors®

APN: 01-01-16-153-121

Michigan Ingham County Lansing 48933 Downtown Lansing

307 N Chestnut St, Lansing, MI

This home is located at 307 N Chestnut St, Lansing, MI 48933 since 04 September 2018 and is currently estimated at $182,172, approximately $82 per square foot. This property was built in 1870. 307 N Chestnut St is a home located in Ingham County with nearby schools including Riddle Elementary School, Pattengill Academy, and J.W. Sexton High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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