NOT LISTED FOR SALE

312 S Rosemary St Lansing, MI 48917

Westside Neighborhood

Estimated Value: $138,677 - $154,000

2 Beds
1 Bath
1,364 Sq Ft
$109/Sq Ft Est. Value

Last Sold July 31, 2023

Last sale price $130,000 $95 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $1,106/month

212 Days on Market

About This Home

As of July 2023

Great investment opportunity! Both units are currently leased. Recent updates include new roof, windows, flooring, water heater and appliances. Heat and electricity separated and paid by the tenants, water and trash are paid by the landlord. 3-year rental license certification inspection was held 5/20/22, All leases automatically renew for one year on anniversary date unless cancelled by either party.

Property is part of a multi unit portfolio that is also available as a package deal.

Last Agent to Sell the Property

Gary Naeyaert

EXIT Realty Home Partners License #6506049395 Listed on: 11/15/2022

EXIT Realty Home Partners

Last Buyer's Agent

Home Seekers

Berkshire Hathaway HomeServices

Berkshire Hathaway HomeServices

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,022

Year Built

  • Built in 1941

Lot Details

  • 5,837 Sq Ft Lot
  • Lot Dimensions are 40 x 135

Home Design

  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,364 Sq Ft Home
  • 2-Story Property

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Parking

  • 2 Parking Spaces
  • Driveway

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,022

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Tax Year: 2021
  • Levels: Two
  • Year Built: 1941
  • Lot Size Acres: 0.13
  • Lot Size: 40 x 135
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 1364.0
  • General Property Info:Lot Size Dimensions: 40 x 135
  • General Property Info:Above Grade Finished Area: 1364.0
  • Levels:Two2: Yes
  • Laundry Features:In Basement: Yes
  • Sewer:Public Sewer: Yes
  • Roof:Shingle: Yes
  • General Property Info:ECO Friendly Features: No
  • Exterior:Vinyl Siding: Yes
  • Cooling:None8: Yes
  • Tax Info:Taxes2: 2022.0
  • Tax Info:Zoning3: Residential
  • General Property Info:Building 1 Description: 1
  • General Property Info:_pound_ of Units: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Roof: Shingle
  • Disclosures: Lead Based Paint, Sellers Disclosures
  • Construction Type: Vinyl Siding

Garage/Parking

  • Total Parking Spaces: 2.0
  • Parking Features: Driveway
  • Attached Garage: No
  • Parking Features:Driveway: Yes
  • General Property Info:Parking Total: 2

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • LaundryFeatures: In Basement
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Schools

  • Junior High Dist: Waverly

Lot Info

  • Lot Size Sq Ft: 5837.04
  • Additional Parcels: No
  • Zoning Description: Zoning

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Carrier Route: 3856

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2022
Closed on
Jul 31, 2023
Sold by
Jere Owen Llc
Bought by
Crews Akili Todd
Seller's Agent
Gary Naeyaert
EXIT Realty Home Partners
Buyer's Agent
Home Seekers
Berkshire Hathaway HomeServices
List Price
$140,000
Sold Price
$130,000
Premium/Discount to List
-$10,000
-7.14%
Views
558
Current Estimated Value
$148,169

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,169
Avg. Annual Appreciation
5.39%

Purchase Details

Closed on
Aug 12, 2009
Sold by
Walz Erik
Bought by
Jere Owen Llc

Purchase Details

Closed on
Jan 15, 2008
Sold by
Shekarriz Delaram
Bought by
Walz Erik

Purchase Details

Closed on
Oct 28, 2004
Sold by
Geml Gerald F and Kossler Geml Theresa M
Bought by
Shekarriz Delaram

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,890
Interest Rate
6.45%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 5, 2001
Sold by
Lee William Scott and Lee Janine
Bought by
Geml Gerald F and Kessler Geml Theresa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,100
Interest Rate
7.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 26, 2001
Sold by
Sabrosky Richard R and Sabrosky Patricia L
Bought by
Lee William Scott and Lee Janine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,050
Interest Rate
6.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 7, 1998
Sold by
Sabrosky Richard R and Sabrosky Patricia
Bought by
Lee William S and Lee Janine
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Crews Akili Todd $130,000 Diversified National Title
Jere Owen Llc -- None Available
Walz Erik $79,400 None Available
Shekarriz Delaram $72,100 Tri Title Agency
Geml Gerald F $47,900 Midstate Title Company
Lee William Scott $43,000 First American Title Ins Co
Lee William S $43,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shekarriz Delaram $64,890
Previous Owner Geml Gerald F $43,100
Previous Owner Lee William Scott $38,050
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2023 07/31/23 Sold $130,000 -7.1% $95 / Sq Ft
11/15/2022 11/15/22 For Sale $140,000 -- $103 / Sq Ft
Source: Greater Lansing Association of Realtors®

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 $4,036 $62,200 $13,700 $48,500
2024 $19 $53,900 $12,500 $41,400
2023 $2,113 $44,100 $11,400 $32,700
2022 $2,008 $39,700 $8,700 $31,000
2021 $2,022 $35,200 $6,600 $28,600
2020 $1,852 $33,600 $6,600 $27,000
2019 $1,821 $34,800 $4,700 $30,100
2018 $1,784 $28,400 $3,900 $24,500
2017 $1,723 $28,400 $3,900 $24,500
2016 -- $24,600 $3,800 $20,800
2015 -- $23,900 $7,611 $16,289
2014 -- $23,600 $8,698 $14,902
Source: Public Records

Agents Affiliated with this Home

  • Gary Naeyaert

    Seller's Agent in 2023

    Gary Naeyaert

    EXIT Realty Home Partners

    (517) 281-2690

    5 in this area

    165 Total Sales

    Gary Naeyaert
    Section Image

  • H

    Buyer's Agent in 2023

    Home Seekers

    Berkshire Hathaway HomeServices

    (517) 300-3637

    5 in this area

    346 Total Sales

    Home Seekers
    Section Image
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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 270041

Greater Lansing Association of Realtors®

APN: 21-01-18-406-014

Michigan Ingham County Lansing 48917 Westside

312 S Rosemary St, Lansing, MI

Not Listed for Sale

MultiFamily

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