NOT LISTED FOR SALE

309 W Saginaw St Lansing, MI 48933

Downtown Lansing Neighborhood

Estimated Value: $145,453 - $170,000

-- Bed
-- Bath
1,970 Sq Ft
$79/Sq Ft Est. Value

Last Sold February 23, 2022

Last sale price $109,500 $56 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $822/month

16 Days on Market

Highlights

  • Covered patio or porch
  • Wood Siding
  • 3-minute walk to Durant Park
  • Forced Air Heating System
  • Carpet

About This Home

As of February 2022

Cash flow potential! This is a three-unit property with plenty of parking. There are two 1 bedroom/1 bath units and one 2 bedroom/1 bath unit. One unit has just been updated with new kitchen cabinets and flooring and is ready to rent and the other two units are already rented.

Last Agent to Sell the Property

Adriane Lau

RE/MAX Real Estate Professionals License #6502356510 Listed on: 12/22/2021

RE/MAX Real Estate Professionals

Co-Listed By

Steve Osmar

RE/MAX Real Estate Professionals License #6502128993

Last Buyer's Agent

Jeffrey Thornton

Coldwell Banker Professionals -Okemos License #6506040317

Coldwell Banker Professionals -Okemos

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1906

Lot Details

  • 6,708 Sq Ft Lot
  • Lot Dimensions are 42x79.9

Home Design

  • Shingle Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,970 Sq Ft Home
  • 2-Story Property
  • Insulated Windows
  • Window Screens
  • Laundry in unit

Flooring

  • Carpet
  • Laminate
  • Vinyl

Basement

  • Basement Fills Entire Space Under The House
  • Crawl Space

Parking

  • 5 Parking Spaces
  • Driveway
  • Additional Parking

Outdoor Features

  • Covered patio or porch
  • Rain Gutters

Location

  • City Lot

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • 100 Amp Service
  • Gas Water Heater
  • Cable TV Available

Community Details

  • 3 Units
  • Insurance Expense $701

Property Details

Home Type

Multi-Family

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Less Fuel: 908.0
  • Misc Business Info Parking Surface: Gravel-paved
  • Misc Business Info Roof Type: Shingle
  • Tax Year: 2021
  • Misc Business Info Overall Building Siz: 1970
  • Levels: Two
  • Year Built: 1906
  • Lot Size Acres: 0.15
  • Lot Size: 42x79.9
  • Co List Office Mls Id: 894
  • Co List Office Phone: 517-339-8255
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 1970.0
  • General Property Info:Lot Size Dimensions: 42x79.9
  • General Property Info:Above Grade Finished Area: 1970.0
  • Levels:Two2: Yes
  • Laundry Features:Inside: Yes
  • Flooring:Carpet: Yes
  • Flooring:Laminate: Yes
  • Electric:_one_00 Amp Service: Yes
  • Sewer:Public Sewer: Yes
  • Utilities:Cable Available: Yes
  • Roof:Shingle: Yes
  • Exterior:Wood Siding: Yes
  • Flooring:Vinyl2: Yes
  • Foundation Details:Concrete Perimeter: Yes
  • Cooling:None8: Yes
  • Tax Info:Taxes2: 2928.0
  • Tax Info:Zoning3: Residential
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:Building 1 Description: Two Story
  • General Property Info:_pound_ of Units: 3
  • Annual Inc Expense:Insurance4: 701.0
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space, Full
  • Heating: Forced Air, Natural Gas
  • Flooring: Carpet, Laminate, Vinyl
  • Property Type: Resid/Multi-Family
  • Window Features: Insulated Windows, Screens
  • Full Basement: Yes
  • Basement:Crawl Space: Yes

Exterior Features

  • Roof: Shingle
  • ExteriorFeatures: Rain Gutters
  • Foundation Details: Concrete Perimeter
  • Lot Features: City Lot
  • RoadFrontageType: City Street
  • RoadSurfaceType: Paved
  • Patio And Porch Features: Covered, Front Porch
  • Construction Type: Wood Siding
  • Lot Features:City Lot: Yes
  • Patio Porch Features:Covered: Yes
  • Patio Porch Features:Front Porch: Yes
  • Window Features:Screens: Yes
  • Exterior Features:Rain Gutters: Yes
  • Window Features:Insulated Windows: Yes

Garage/Parking

  • Parking Features: Additional Parking, Driveway
  • Attached Garage: No
  • Parking Features:Driveway: Yes
  • Parking Features:Additional Parking: Yes
  • Misc Business Info:_pound_ Parking: 5
  • General Property Info:Parking Total: 5

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Electric: 100 Amp Service
  • LaundryFeatures: Inside
  • Utilities: Cable Available
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Sq Ft: 6708.24
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 26, 2022
Sold by
Matthew Albright
Bought by
309 Saginaw Llc
Current Estimated Value
$148,009

Purchase Details

Listed on
Dec 22, 2021
Closed on
Feb 23, 2022
Sold by
Harvey F Clarizio Living Trust
Bought by
Albright Matthew
Seller's Agent
Adriane Lau
RE/MAX Real Estate Professionals
Buyer's Agent
Jeffrey Thornton
Coldwell Banker Professionals -Okemos
List Price
$105,000
Sold Price
$109,500
Premium/Discount to List
$4,500
4.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.17%
Original Mortgage
$87,600
Interest Rate
3.15%
Mortgage Type
Balloon

Purchase Details

Closed on
Nov 21, 2019
Sold by
Clarizio Harvey F and Clarizio Donna J
Bought by
Clarizio Harvey F and Clarizio Donna J
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
309 Saginaw Llc -- New Title Company Name
Albright Matthew $109,500 Ata National Title
Clarizio Harvey F -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Albright Matthew $87,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/23/2022 02/23/22 Sold $109,500 +4.3% $56 / Sq Ft
01/07/2022 01/07/22 Pending -- -- --
12/22/2021 12/22/21 For Sale $105,000 -- $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 $46 $69,600 $3,700 $65,900
2023 $5,351 $62,500 $3,700 $58,800
2022 $2,996 $55,800 $4,000 $51,800
2021 $2,928 $53,400 $5,100 $48,300
2020 $2,905 $49,700 $5,100 $44,600
2019 $2,795 $44,900 $5,100 $39,800
2018 $2,661 $42,600 $5,100 $37,500
2017 $2,556 $42,600 $5,100 $37,500
2016 $4,412 $41,900 $5,100 $36,800
2015 $4,412 $40,600 $10,229 $30,371
2014 $4,412 $40,300 $17,000 $23,300
Source: Public Records

Agents Affiliated with this Home

  • Adriane Lau

    Seller's Agent in 2022

    Adriane Lau

    RE/MAX Michigan

    (517) 881-5182

    3 in this area

    331 Total Sales

    Section Image
  • Steve Osmar

    Seller Co-Listing Agent in 2022

    Steve Osmar

    RE/MAX Michigan

    (517) 896-7585

    2 in this area

    85 Total Sales

    Section Image
  • Jeffrey Thornton

    Buyer's Agent in 2022

    Jeffrey Thornton

    Coldwell Banker Professionals -Okemos

    (517) 719-4430

    2 in this area

    271 Total Sales

    Section Image
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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 261828

Greater Lansing Association of Realtors®

APN: 01-01-16-126-151

Michigan Ingham County Lansing 48906 Downtown Lansing

309 W Saginaw St, Lansing, MI

This home is located at 309 W Saginaw St, Lansing, MI 48933 since 22 December 2021 and is currently estimated at $155,363, approximately $78 per square foot. This property was built in 1906. 309 W Saginaw St is a home located in Ingham County with nearby schools including Riddle Elementary School, Pattengill Academy, and J.W. Sexton High School.

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