3225 Reo Rd Lansing, MI 48911
Churchill Downs Neighborhood
3
Beds
1.5
Baths
1,403
Sq Ft
8,276
Sq Ft Lot
Highlights
- Spa
- Ranch Style House
- Living Room
- Deck
- Covered patio or porch
- Forced Air Heating System
About This Home
As of February 2022Very nice three bedroom ranch with 1.5 bathrooms and a two car detached garage. Nice neighborhood. Properties marketed as ''insurable'' are those that meet FHA's Minimum Property Requirements (MPR) for existing housing and Minimum Property Standards (MPS) for new construction at the time of the appraisal in their as-is condition without repairs being necessary.
Last Agent to Sell the Property
RE/MAX Finest License #6506001040 Listed on: 12/01/2017
Last Buyer's Agent
Non Member
Non Member Office
Home Details
Home Type
- Single Family
Year Built
- Built in 1960
Lot Details
- 8,276 Sq Ft Lot
- Lot Dimensions are 60x135
- Fenced
Parking
- 2 Car Garage
Home Design
- Ranch Style House
- Brick Exterior Construction
- Wood Siding
Interior Spaces
- 1,403 Sq Ft Home
- Wood Burning Fireplace
- Living Room
- Dining Room
Bedrooms and Bathrooms
- 3 Bedrooms
Basement
- Basement Fills Entire Space Under The House
- Michigan Basement
Outdoor Features
- Spa
- Deck
- Covered patio or porch
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Gas Water Heater
Community Details
Overview
- Property has a Home Owners Association
Recreation
- Community Pool
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 25, 2021
Closed on
Feb 1, 2022
Sold by
Garrison Michael T
Bought by
Ohrt William H
Seller's Agent
Quin Bartlett
REMAX Town & Country
List Price
$172,000
Sold Price
$158,000
Premium/Discount to List
-$14,000
-8.14%
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
$28,770
Avg. Annual Appreciation
4.29%
Original Mortgage
$155,138
Outstanding Balance
$145,419
Interest Rate
3.55%
Mortgage Type
FHA
Estimated Equity
$37,223
Purchase Details
Closed on
May 27, 2021
Sold by
Easterbrook Kirk A
Bought by
Midfirst Bank
Purchase Details
Closed on
May 26, 2021
Sold by
Easterbrook Kirk
Bought by
Southwest Michigan Asset Management Llc
Purchase Details
Listed on
Mar 28, 2018
Closed on
Jun 8, 2018
Sold by
Gold Star Investments Llc
Bought by
Easterbrook Krik A
Seller's Agent
Angela Averill
Coldwell Banker Professionals-Delta
Buyer's Agent
Nicole Reimer
EXIT Realty Home Partners
List Price
$129,900
Sold Price
$121,000
Premium/Discount to List
-$8,900
-6.85%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.96%
Original Mortgage
$118,808
Interest Rate
4.5%
Mortgage Type
FHA
Purchase Details
Listed on
Dec 1, 2017
Closed on
Jan 10, 2018
Sold by
Secretory Of Housing And Urban Developme
Bought by
Gold Star Investments Llc and Gold Star Investments Llc
Seller's Agent
Joe Mullaney
RE/MAX Finest
Buyer's Agent
Non Member
Non Member Office
List Price
$35,000
Sold Price
$30,000
Premium/Discount to List
-$5,000
-14.29%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2900.75%
Purchase Details
Closed on
Mar 16, 2017
Sold by
Selene Finance Lp
Bought by
The Secretary Of Hud
Purchase Details
Closed on
Sep 8, 2016
Sold by
Chaffee Alan J and Chaffee Loureen K
Bought by
Selene Finance Lp
Purchase Details
Closed on
Jun 20, 2003
Sold by
Chaffee Alan J
Bought by
Chaffee Alan J and Chaffee Loureen K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,500
Interest Rate
8.9%
Mortgage Type
Purchase Money Mortgage
Similar Homes in Lansing, MI
-
$29,900
- 2 Beds
- 1 Bath
- 768 Sq Ft
- 528 S Fairview Ave
- Lansing, MI
Great investment property in a great Lansing location, close to the Avenue district. Nice size lot with alley access. Would make a great rental property or starter home. Sold as is. Motivated seller, make an offer.
Martha Little EXP Realty Main
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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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $158,000 | Transnation Title | |
| Sheriffs Deed | $29,160 | None Available | |
| Quit Claim Deed | $2,000 | None Available | |
| Warranty Deed | $121,000 | None Available | |
| Special Warranty Deed | $30,000 | Bell Title Co | |
| Warranty Deed | -- | None Available | |
| Sheriffs Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | Titlequest Ins Agency Inc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $155,138 | FHA | |
| Closed | $3,105 | New Conventional | |
| Previous Owner | $118,808 | FHA | |
| Previous Owner | $12,203 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $28,132 | FHA | |
| Previous Owner | $110,127 | FHA | |
| Previous Owner | $100,000 | New Conventional | |
| Previous Owner | $90,500 | Purchase Money Mortgage | |
| Previous Owner | $19,000 | Unknown | |
| Previous Owner | $61,200 | VA |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/03/2022 02/03/22 | Sold | $158,000 | -0.6% | $113 / Sq Ft |
| 12/28/2021 12/28/21 | Pending | -- | -- | -- |
| 12/27/2021 12/27/21 | Price Changed | $159,000 | -5.9% | $113 / Sq Ft |
| 12/09/2021 12/09/21 | Price Changed | $169,000 | -1.7% | $120 / Sq Ft |
| 12/09/2021 12/09/21 | For Sale | $172,000 | +8.9% | $123 / Sq Ft |
| 12/09/2021 12/09/21 | Off Market | $158,000 | -- | -- |
| 11/20/2021 11/20/21 | Price Changed | $172,000 | -1.1% | $123 / Sq Ft |
| 11/11/2021 11/11/21 | Price Changed | $174,000 | -5.4% | $124 / Sq Ft |
| 10/28/2021 10/28/21 | For Sale | $184,000 | +52.1% | $131 / Sq Ft |
| 06/08/2018 06/08/18 | Sold | $121,000 | -3.1% | $55 / Sq Ft |
| 04/20/2018 04/20/18 | Pending | -- | -- | -- |
| 04/09/2018 04/09/18 | Price Changed | $124,900 | -3.8% | $57 / Sq Ft |
| 03/28/2018 03/28/18 | For Sale | $129,900 | +333.0% | $59 / Sq Ft |
| 01/08/2018 01/08/18 | Sold | $30,000 | -14.3% | $21 / Sq Ft |
| 12/07/2017 12/07/17 | Pending | -- | -- | -- |
| 12/01/2017 12/01/17 | For Sale | $35,000 | 0.0% | $25 / Sq Ft |
| 10/06/2017 10/06/17 | Pending | -- | -- | -- |
| 10/04/2017 10/04/17 | Price Changed | $35,000 | -29.3% | $25 / Sq Ft |
| 08/11/2017 08/11/17 | Price Changed | $49,500 | -10.0% | $35 / Sq Ft |
| 06/26/2017 06/26/17 | For Sale | $55,000 | -- | $39 / 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 | $40 | $84,000 | $8,800 | $75,200 |
| 2023 | $4,689 | $73,500 | $8,800 | $64,700 |
| 2022 | $3,829 | $63,300 | $8,800 | $54,500 |
| 2021 | $3,136 | $58,000 | $5,600 | $52,400 |
| 2020 | $3,117 | $54,600 | $5,600 | $49,000 |
| 2019 | $2,899 | $49,300 | $5,600 | $43,700 |
| 2018 | $2,997 | $44,100 | $5,600 | $38,500 |
| 2017 | $2,902 | $44,100 | $5,600 | $38,500 |
| 2016 | $2,116 | $40,900 | $5,600 | $35,300 |
| 2015 | $2,116 | $39,100 | $11,195 | $27,905 |
| 2014 | $2,116 | $37,200 | $17,676 | $19,524 |
Source: Public Records
Agents Affiliated with this Home
-
Quin Bartlett
Seller's Agent in 2022
Quin Bartlett
RE/MAX
(810) 287-1535
1 in this area
105 Total Sales
-
A
Seller's Agent in 2018
Angela Averill
Coldwell Banker Professionals-Delta
-
Joe Mullaney
Seller's Agent in 2018
Joe Mullaney
RE/MAX Michigan
(517) 325-5888
163 Total Sales
-
Nicole Reimer
Buyer's Agent in 2018
Nicole Reimer
EXIT Realty Home Partners
(517) 927-3701
73 Total Sales
-
N
Buyer's Agent in 2018
Non Member
Non Member Office
Map
Source: Greater Lansing Association of Realtors®
MLS Number: 217431
APN: 01-01-31-376-271
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