NOT LISTED FOR SALE

Estimated Value: $142,789 - $162,000

3 Beds
1 Bath
792 Sq Ft
$194/Sq Ft Est. Value

Last Sold March 06, 2018

Last sale price $90,000 $114 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $1,088/month

Highlights

  • Covered Patio or Porch
  • High Speed Internet
  • 2-minute walk to Bon Air Park
  • Forced Air Heating System

About This Home

As of March 2018

WONDERFUL RAISED RANCH DUPLEX! NESTLED IN THE WAVERLY SCHOOL DISTRICT. NEWLY REMODELED LOWER LEVEL WITH TILE FLOORS, NEWER KITCHEN, FULL BATH, TWO BEDROOMS, AND OUTSIDE WALK UP ACCESS TO THE BACK YARD. THE UPPER UNIT IS VACANT AND HAS THE SAME FLOOR PLAN, WITH AN UPDATED BATH AND HAS BEEN FRESHLY PAINTED, BUT HAS NOT BEEN AS REMOLDED. TWO SHEDS. NEWER ROOF, HOT WATER HEATER'S, AND WINDOWS. SHOW AND SELL!

Last Agent to Sell the Property

Lynne VanDeventer

Coldwell Banker Professionals -Okemos License #6501128440 Listed on: 09/01/2017

Coldwell Banker Professionals -Okemos

Last Buyer's Agent

James Pyle

Century 21 Affiliated License #6506045793

Century 21 Affiliated

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,926

Year Built

  • Built in 1972

Lot Details

  • 7,492 Sq Ft Lot
  • Lot Dimensions are 60x125

Home Design

  • 792 Sq Ft Home
  • Duplex
  • Bi-Level Home
  • Brick Exterior Construction
  • Shingle Roof
  • Aluminum Siding

Basement

  • Exterior Basement Entry
  • Basement Window Egress

Parking

  • 4 Parking Spaces
  • No Garage

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 $16,200

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $800
  • Maintenance Expense $500
  • Water Sewer Expense $420
  • New Taxes Expense $1,926
  • Operating Expense $13,354
  • Net Operating Income $12,554

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,926

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Gross Rent: 16200.0
  • Net Income: 12554.0
  • Total Expense: 13354.0
  • Water Sewer Expenses: 420.0
  • Misc Business Info Construction Type: Aluminum
  • Misc Business Info Parking Surface: Concrete
  • Misc Business Info Roof Type: Asphalt
  • Tax Year: 2017
  • Registered Licenses for Unrelated Occupants: yes
  • Unit Information License Register Exp: 2017-09-01
  • Year Built: 1972
  • Lot Size Acres: 0.17
  • Lot Size: 60X125
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 792.0
  • Architectural Style: Bi-Level
  • General Property Info:Lot Size Dimensions: 60X125
  • General Property Info:Above Grade Finished Area: 792.0
  • Exterior:Aluminum Siding: Yes
  • Sewer:Public Sewer: Yes
  • Utilities:Cable Available: Yes
  • Utilities:High Speed Internet Available: Yes
  • Roof:Shingle: Yes
  • Security Features:Smoke Detector(s): Yes
  • Exterior:Brick: Yes
  • Architectural Style:Bi-Level: Yes
  • Tax Info:Taxes2: 1926.0
  • Tax Info:Zoning3: Multi-Family
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:Building 1 Description: Duplex
  • General Property Info:_pound_ of Units: 2
  • Annual Inc Expense:Insurance4: 800.0
  • Annual Inc Expense:Tax Expense2: 1926.0
  • Annual Inc Expense:Maintenance3: 500.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Egress Windows, Exterior Entry
  • Heating: Electric, Forced Air, Natural Gas
  • Property Type: Resid/Multi-Family
  • Basement:Exterior Entry: Yes
  • Basement:Egress Windows: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: No Garage
  • Attached Garage: No
  • Parking Features:No Garage: Yes
  • Misc Business Info:_pound_ Parking: 4
  • General Property Info:Parking Total: 4

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
  • Heating:Electric: Yes

Schools

  • Junior High Dist: Waverly

Lot Info

  • Lot Size Sq Ft: 7492.32
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2017
Closed on
Mar 6, 2018
Sold by
Perna Rose M and Berneske Rose M
Bought by
Civilette Kurt
Seller's Agent
Lynne VanDeventer
Coldwell Banker Professionals -Okemos
Buyer's Agent
James Pyle
Century 21 Affiliated
List Price
$109,900
Sold Price
$90,000
Premium/Discount to List
-$19,900
-18.11%
Current Estimated Value
$153,697

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,697
Avg. Annual Appreciation
7.31%

Purchase Details

Closed on
Aug 10, 2005
Sold by
Berneske Eric A
Bought by
Berneske Rose M

Purchase Details

Closed on
Apr 28, 2000
Sold by
Phillips Leland J and Phillips Patricia
Bought by
Berneske Eric A and Berneske Rose M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
8.24%
Mortgage Type
Purchase Money Mortgage
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
Civilette Kurt $90,000 Tri County Title Agency Llc
Berneske Rose M -- None Available
Berneske Eric A $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Berneske Eric A $72,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/06/2018 03/06/18 Sold $90,000 -9.9% $114 / Sq Ft
02/28/2018 02/28/18 Pending -- -- --
10/25/2017 10/25/17 Price Changed $99,900 -9.1% $126 / Sq Ft
08/30/2017 08/30/17 For Sale $109,900 -- $139 / 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
2025 $3,237 $61,700 $13,700 $48,000
2024 $3,098 $60,300 $11,400 $48,900
2023 $3,098 $50,400 $12,000 $38,400
2022 $2,958 $42,500 $6,300 $36,200
2021 $2,897 $38,300 $5,800 $32,500
2020 $2,696 $38,300 $5,800 $32,500
2019 $2,844 $40,500 $4,500 $36,000
2018 $2,004 $33,800 $4,500 $29,300
2017 $2,003 $33,800 $4,500 $29,300
2016 -- $28,500 $4,000 $24,500
2015 -- $28,100 $8,074 $20,026
2014 -- $27,100 $8,074 $19,026
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 219702

Greater Lansing Association of Realtors®

APN: 21-01-18-177-039