NOT LISTED FOR SALE

Estimated Value: $132,089 - $165,000

3 Beds
1 Bath
1,848 Sq Ft
$81/Sq Ft Est. Value

Last Sold June 25, 2021

Last sale price $113,826 $62 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $845/month

2 Days on Market

Highlights

  • Ranch Style House
  • Private Yard
  • Private Entrance
  • Corner Lot
  • Central Heating
  • High Speed Internet

About This Home

As of June 2021

Great 2 bed, 1 bath duplex on W Holmes. Good rental history with both tenants. Separate utilities, so only costs to owner are insurance and taxes. The west side unit was updated in 2020 with new carpet, vinyl flooring in bath and kitchen, dishwasher, bathroom vanity and toilet. This turnkey rental is a great investment opportunity. Owner is a licensed real estate agent in the State of Michigan.

Last Agent to Sell the Property

Ross Yednock

Century 21 Affiliated License #6501396907 Listed on: 05/06/2021

Century 21 Affiliated

Last Buyer's Agent

Non Member

Non Member Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1968

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 70x172
  • Property fronts a private road
  • Private Entrance
  • Corner Lot
  • Private Yard
  • Back Yard

Home Design

  • Duplex
  • Ranch Style House
  • Earth Berm
  • Block Foundation
  • Shingle Roof

Interior Spaces

  • 1,848 Sq Ft Home
  • Basement
  • Laundry in Basement
  • Gas Dryer Hookup

Flooring

  • Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • Driveway
  • Paved Parking

Outdoor Features

  • Rain Gutters

Utilities

  • No Cooling
  • Central Heating
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Total Actual Rent $17,100

Community Details

Overview

  • 2 Units
  • Halmo Home Subdivision

Building Details

  • Insurance Expense $573
  • Net Operating Income $12,315

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Gross Rent: 17100.0
  • Net Income: 12315.0
  • Tax Year: 2020
  • Registered Licenses for Unrelated Occupants: CR19-0516
  • Unit Information License Register Exp: 2022-05-01
  • Levels: One
  • Year Built: 1968
  • Lot Size Acres: 0.28
  • Lot Size: 70x172
  • Subdivision Name: Halmo Home
  • Above Grade Finished Sq Ft: 1848.0
  • Architectural Style: Ranch
  • General Property Info:Lot Size Dimensions: 70x172
  • General Property Info:Above Grade Finished Area: 1848.0
  • Laundry Features:Electric Dryer Hookup: Yes
  • Laundry Features:In Basement: Yes
  • Flooring:Carpet: Yes
  • Foundation Details:Block4: Yes
  • Sewer:Public Sewer: Yes
  • Utilities:Cable Available: Yes
  • Utilities:High Speed Internet Available: Yes
  • Roof:Shingle: Yes
  • Levels:One: Yes
  • Architectural Style:Ranch: Yes
  • Exterior:Earth Sheltered: Yes
  • Flooring:Vinyl2: Yes
  • Cooling:None8: Yes
  • Laundry Features:Gas Dryer Hookup: Yes
  • Road Frontage Type:Private Road: Yes
  • Tax Info:Taxes2: 4212.0
  • Tax Info:Zoning3: Residential
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:Building 1 Description: Duplex
  • General Property Info:_pound_ of Units: 2
  • Annual Inc Expense:Insurance4: 573.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Concrete
  • Heating: Central, Natural Gas
  • Flooring: Carpet, Vinyl
  • Property Type: Resid/Multi-Family
  • Window Features: Aluminum Frames
  • Basement:Concrete2: Yes

Exterior Features

  • Roof: Shingle
  • ExteriorFeatures: Private Entrance, Private Yard, Rain Gutters
  • Foundation Details: Block
  • Lot Features: Back Yard, Corner Lot
  • RoadFrontageType: City Street, Private Road
  • RoadSurfaceType: Asphalt
  • Construction Type: Earth Sheltered, Block
  • Lot Features:Back Yard2: Yes
  • Exterior Features:Rain Gutters: Yes
  • Window Features:Aluminum Frames: Yes
  • Exterior Features:Private Entrance: Yes
  • Lot Features:Corner Lot: Yes
  • Exterior Features:Private Yard: Yes

Garage/Parking

  • Parking Features: Driveway, On Site, Paved
  • Attached Garage: No
  • Parking Features:On Site: Yes
  • Parking Features:Driveway: Yes
  • Parking Features:Paved2: Yes
  • General Property Info:Parking Total: 4

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • LaundryFeatures: Electric Dryer Hookup, Gas Dryer Hookup, In Basement, See Remarks
  • Utilities: High Speed Internet Available, Cable Available
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Heating:Natural Gas: Yes
  • Heating:Central: Yes

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Sq Ft: 12196.8
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Carrier Route: 2227

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 18, 2023
Sold by
Hermiz Revan
Bought by
Aria Investments Inc
Total Days on Market
2
Current Estimated Value
$150,272

Purchase Details

Listed on
May 6, 2021
Closed on
May 25, 2021
Sold by
Feinberg & Yednock Investments Llc
Bought by
Hermiz Revan
Seller's Agent
Ross Yednock
Century 21 Affiliated
Buyer's Agent
Non Member
Non Member Office
List Price
$125,000
Sold Price
$113,826
Premium/Discount to List
-$11,174
-8.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.27%
Original Mortgage
$85,369
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 17, 2018
Closed on
Jul 17, 2018
Sold by
Kazmi Sayeda B
Bought by
Feinberg & Yednock Investments Llc
Seller's Agent
Bradley Hillard
1st Choice Real Estate
Buyer's Agent
Ross Yednock
Century 21 Affiliated
List Price
$75,000
Sold Price
$75,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.25%
Original Mortgage
$56,250
Interest Rate
4.5%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 11, 2009
Sold by
Franco Efren
Bought by
Us Bank National Association

Purchase Details

Closed on
May 28, 2009
Sold by
Franco Efren
Bought by
Us Bank National Association

Purchase Details

Closed on
Dec 6, 2005
Sold by
Droste Jerome P
Bought by
Franco Efren

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,900
Interest Rate
9.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 11, 2002
Sold by
Runions Roy F and Runions Ruth H
Bought by
Droste Jerome P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,410
Interest Rate
6.18%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 10, 1997
Bought by
Runions Roy F and Runions Ruth H
Source: Public Records

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Range of Values:

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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
Aria Investments Inc -- --
Hermiz Revan $113,826 None Available
Feinberg & Yednock Investments Llc $75,000 None Available
Us Bank National Association $31,500 None Available
Us Bank National Association $36,000 None Available
Franco Efren $131,000 Nta
Droste Jerome P $114,900 Michigan Title Company
Runions Roy F $59,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hermiz Revan $85,369
Previous Owner Feinberg & Yednock Investments Llc $56,250
Previous Owner Franco Efren $117,900
Previous Owner Droste Jerome P $103,410
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2021 06/25/21 Sold $113,826 -8.9% $62 / Sq Ft
05/06/2021 05/06/21 For Sale $125,000 +66.7% $68 / Sq Ft
07/18/2018 07/18/18 Sold $75,000 0.0% $41 / Sq Ft
05/30/2018 05/30/18 Pending -- -- --
05/17/2018 05/17/18 For Sale $75,000 -- $41 / 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 $45 $68,100 $12,100 $56,000
2023 $5,202 $64,600 $12,100 $52,500
2022 $4,782 $58,300 $12,100 $46,200
2021 $4,422 $58,200 $8,900 $49,300
2020 $4,192 $57,000 $8,900 $48,100
2019 $3,961 $50,200 $8,900 $41,300
2018 $3,185 $39,600 $8,900 $30,700
2017 $3,064 $39,600 $8,900 $30,700
2016 $3,513 $39,000 $8,900 $30,100
2015 $3,513 $39,100 $17,714 $21,386
2014 $3,513 $46,200 $25,766 $20,434
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 255214

Greater Lansing Association of Realtors®

APN: 01-01-30-381-015