NOT LISTED FOR SALE

3228 W Holmes Rd Lansing, MI 48911

Averill Woods Neighborhood

Estimated Value: $153,000 - $157,000

-- Bed
2 Baths
1,736 Sq Ft
$89/Sq Ft Est. Value

Last Sold November 19, 2024

Last sale price $145,000 $84 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $970/month

26 Days on Market

Highlights

  • Ranch Style House
  • Forced Air Heating System
  • ENERGY STAR/Reflective Roof

About This Home

As of November 2024

Great 2 unit investment! Licensed rentals by the city of Lansing. Already fully rented out! Long term tenants. 2 bedroom and 1 bath on each side. All utilities are separate. Units are occupied. Please do not disturb tenants! No showings until after offer is accepted and proof of funds have been provided. All showings must be approved by listing agent.

Last Agent to Sell the Property

Frank Jajou

Real Estate One-Troy License #6501440153 Listed on: 10/11/2024

Real Estate One-Troy

Last Buyer's Agent

Frank Jajou

Real Estate One-Troy License #6501440153 Listed on: 10/11/2024

Real Estate One-Troy

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1968

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 60.50 x 147.00

Home Design

  • 1,736 Sq Ft Home
  • Ranch Style House
  • Brick Exterior Construction
  • Poured Concrete
  • Vinyl Construction Material

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Additional Features

  • 2 Full Bathrooms
  • ENERGY STAR/Reflective Roof
  • Unfinished Basement

Listing and Financial Details

  • Assessor Parcel Number 33010130380061

Community Details

Overview

  • 2 Units

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,083

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Ranch
  • Architecture Level: 1 Story
  • Assessment: 244.00
  • Year Built: 1968
  • State Equalized Value: 58500.0000
  • Pets Allowed: Yes
  • AgentOnly_ListPriceByAcre: 799995.0000
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 1736

Exterior Features

  • Roof Material: ENERGY STAR® Shingles
  • Foundation Details: Basement
  • Construction Materials: Brick, Vinyl
  • Foundation Materials: Poured
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)

Lot Info

  • Lot Size Area: 0.20
  • Lot Dimensions: 60.50 x 147.00
  • Parcel Number: 33010130380061
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 1

Tax Info

  • Tax Amount Summer: 2261.0000
  • Tax Amount Winter: 822.0000
  • Total Tax: 3083.0000
  • Taxable Value: 58500.0000

Multi Family

  • Gross Scheduled Income: 1.00
  • Number Of Units Total: 2
  • Number of Four Bedroom Units: 2

MLS Schools

  • School District: Lansing

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2024
Closed on
Nov 19, 2024
Sold by
Singh Kulwinder
Bought by
Sl Lansing Property Management Inc
Seller's Agent
Frank Jajou
Real Estate One-Troy
Buyer's Agent
Frank Jajou
Real Estate One-Troy
List Price
$159,999
Sold Price
$145,000
Premium/Discount to List
-$14,999
-9.37%
Views
11
Current Estimated Value
$154,490

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,490
Avg. Annual Appreciation
6.54%

Purchase Details

Closed on
Jun 28, 2022
Sold by
Kulwinder Singh
Bought by
Kulwinder Singh And Si Lansing Property Manag

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,750
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 29, 2001
Sold by
Queen Richard and Queen Lisa
Bought by
Sears Michael J and Sears Nancy

Purchase Details

Closed on
Nov 13, 1998
Sold by
Eubank Thad S and Eubank Elaine R
Bought by
Queen Richard
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
Sl Lansing Property Management Inc -- None Listed On Document
Dm Lansing Llc $145,000 None Listed On Document
Sl Lansing Property Management Inc -- None Listed On Document
Kulwinder Singh And Si Lansing Property Manag -- None Listed On Document
Singh Kulwinder $113,000 Diversified National Title
Sears Michael J $68,000 --
Queen Richard $61,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Singh Kulwinder $84,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/19/2024 11/19/24 Sold $145,000 -9.4% $84 / Sq Ft
11/06/2024 11/06/24 Pending -- -- --
10/11/2024 10/11/24 For Sale $159,999 -- $92 / Sq Ft
Source: Realcomp

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 $5,216 $70,400 $9,700 $60,700
2024 $43 $61,800 $9,700 $52,100
2023 $4,910 $58,500 $9,700 $48,800
2022 $2,835 $52,600 $9,700 $42,900
2021 $2,770 $49,100 $7,100 $42,000
2020 $2,750 $49,100 $7,100 $42,000
2019 $2,651 $42,500 $7,100 $35,400
2018 $2,519 $33,300 $7,100 $26,200
2017 $2,422 $33,300 $7,100 $26,200
2016 $2,326 $32,800 $7,100 $25,700
2015 $2,326 $33,000 $14,154 $18,846
2014 $2,326 $29,700 $20,587 $9,113
Source: Public Records

Agents Affiliated with this Home

  • Frank Jajou

    Seller's Agent in 2024

    Frank Jajou

    Real Estate One

    (248) 709-6696

    2 in this area

    98 Total Sales

    Frank Jajou
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Map

Source: Realcomp

MLS Number: 20240077090

Realcomp

APN: 01-01-30-380-061

Michigan Ingham County Lansing 48911 Averill Woods

3228 W Holmes Rd, Lansing, MI

Not Listed for Sale

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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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