Seller's Agent in 2020
Brock Fletcher
Keller Williams Realty Lansing
(517) 303-3262
2 in this area
300 Total Sales
307 N Sycamore St Lansing, MI 48915
Downtown Lansing NeighborhoodEstimated Value: $314,911 - $365,000
--
Bed
6
Baths
3,895
Sq Ft
$87/Sq Ft
Est. Value
Highlights
- 0.49 Acre Lot
- High Speed Internet
- 5-minute walk to Ferris Park
- Hot Water Heating System
About This Home
As of September 2020Welcome home to 307 N Sycamore St! This beautiful 5 bed, 5.5 bath turn of the century home is located just 3 blocks from the Michigan Capitol Building in Lansing! Featuring nearly 3,900 finished sq ft, this home is currently utilized as a 4-unit income property with a large 1st floor main residence and 3 apartments on the 2nd floor. Impeccably maintained, this home boasts many upgrades including all new windows, newer roof, an updated Boiler, and a basement waterproofing system!
Last Listed By
Keller Williams Realty Lansing License #6506042510 Listed on: 05/18/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,793
Year Built
- Built in 1900
Lot Details
- 0.49 Acre Lot
- Lot Dimensions are 66x162.47
Home Design
- Brick Exterior Construction
- Shingle Roof
Interior Spaces
- 3,895 Sq Ft Home
- 2.5-Story Property
- Basement Fills Entire Space Under The House
- Fire and Smoke Detector
Parking
- 5 Parking Spaces
- No Garage
Utilities
- Heating System Uses Natural Gas
- Hot Water Heating System
- Electric Water Heater
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Total Actual Rent $38,160
Community Details
Overview
- 4 Units
Building Details
- Insurance Expense $1,500
- Maintenance Expense $1,980
- Other Expense $1,440
- Water Sewer Expense $5,460
- New Taxes Expense $5,793
- Net Operating Income $20,607
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 18, 2020
Closed on
Sep 1, 2020
Sold by
Convissor James W
Bought by
Convissor James W and Crank William M
Seller's Agent
Brock Fletcher
Keller Williams Realty Lansing
Buyer's Agent
Jim Convissor
Century 21 Affiliated
List Price
$250,000
Sold Price
$235,000
Premium/Discount to List
-$15,000
-6%
Total Days on Market
46
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
$103,228
Avg. Annual Appreciation
8.09%
Original Mortgage
$188,000
Outstanding Balance
$168,721
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$169,508
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 |
|---|---|---|---|
| Convissor James W | -- | Liberty Title | |
| Convissor James W | $235,000 | Liberty Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Convissor James W | $188,000 | |
| Previous Owner | Dorow Patricia | $128,000 | |
| Previous Owner | Barns Edward | $50,000 | |
| Previous Owner | Dorow Patricia A | $122,000 | |
| Previous Owner | Dorow Patricia | $105,750 | |
| Previous Owner | Dorow Patricia | $20,025 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/01/2020 09/01/20 | Sold | $235,000 | -6.0% | $60 / Sq Ft |
| 07/03/2020 07/03/20 | Pending | -- | -- | -- |
| 05/18/2020 05/18/20 | For Sale | $250,000 | -- | $64 / 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 | $68 | $134,200 | $8,200 | $126,000 |
| 2023 | $8,016 | $120,600 | $8,200 | $112,400 |
| 2022 | $7,297 | $98,600 | $9,000 | $89,600 |
| 2021 | $7,348 | $98,500 | $15,200 | $83,300 |
| 2020 | $5,983 | $94,100 | $14,600 | $79,500 |
| 2019 | $5,756 | $85,600 | $14,600 | $71,000 |
| 2018 | $5,445 | $89,300 | $14,600 | $74,700 |
| 2017 | $5,228 | $89,300 | $14,600 | $74,700 |
| 2016 | $5,013 | $87,800 | $14,600 | $73,200 |
| 2015 | $5,013 | $86,900 | $29,295 | $57,605 |
| 2014 | $5,013 | $95,500 | $32,190 | $63,310 |
Source: Public Records
Agents Affiliated with this Home
-
Brock Fletcher
-
Jim Convissor
Buyer's Agent in 2020
Jim Convissor
Century 21 Affiliated
(517) 449-9236
3 in this area
80 Total Sales
Map
Source: Greater Lansing Association of Realtors®
MLS Number: 246076
APN: 01-01-16-151-071
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