NOT LISTED FOR SALE

328 S Holmes St Lansing, MI 48912

The Stadium District Neighborhood

Estimated Value: $79,000 - $117,000

-- Bed
-- Bath
1,697 Sq Ft
$60/Sq Ft Est. Value

Last Sold March 30, 2023

Last sale price $75,000 $44 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $641/month

92 Days on Market

Highlights

  • Covered Patio or Porch
  • Forced Air Heating System
  • 3-minute walk to Hunter Park
  • Double Pane Windows
  • Laundry Facilities

About This Home

As of March 2023

Great Money making Up and Down Duplex with Good Paying Tenants. 2 bedrooms Down, 1 bedroom Up.
Newer Roof, Siding, Windows, Plumbing, Furnace and Water Heater. Ready for Your Income Portfolio. 1697 Square Feet. Seller is a licensed RE agent in MI.

Last Agent to Sell the Property

Chris Garno

Garno Property Management LLC License #6502352497 Listed on: 02/11/2023

Last Buyer's Agent

Chris Garno

Garno Property Management LLC License #6502352497 Listed on: 02/11/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,626

Year Built

  • Built in 1920

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 31.3x108.25
  • Back Yard Fenced

Home Design

  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,697 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows

Basement

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

Parking

  • 4 Parking Spaces
  • On-Street Parking

Outdoor Features

  • Covered Patio or Porch

Utilities

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

Listing and Financial Details

  • Total Actual Rent $17,580

Community Details

Overview

  • 2 Units
  • Green Oak Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Insurance Expense $650
  • Water Sewer Expense $940
  • New Taxes Expense $2,105
  • Net Operating Income $10,932

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,626

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Gross Rent: 17580.0
  • Less Fuel: 1853.0
  • Net Income: 10932.0
  • Water Sewer Expenses: 940.0
  • Tax Year: 2022
  • Registered Licenses for Unrelated Occupants: 1
  • Levels: Two
  • Year Built: 1920
  • Lot Size Acres: 0.08
  • Lot Size: 31.3x108.25
  • Subdivision Name: Green Oak
  • Above Grade Finished Sq Ft: 1697.0
  • General Property Info:Lot Size Dimensions: 31.3x108.25
  • General Property Info:Above Grade Finished Area: 1697.0
  • Levels:Two2: Yes
  • Laundry Features:In Basement: Yes
  • Sewer:Public Sewer: Yes
  • Roof:Shingle: Yes
  • Fencing:Back Yard: Yes
  • Exterior:Vinyl Siding: Yes
  • Cooling:None8: Yes
  • Laundry Features:Common Area: Yes
  • Tax Info:Taxes2: 1626.0
  • Tax Info:Zoning3: Residential
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:Building 1 Description: 328 S. Holmes
  • General Property Info:_pound_ of Units: 2
  • Annual Inc Expense:Insurance4: 650.0
  • Annual Inc Expense:Tax Expense2: 2105.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Concrete, Full
  • Heating: Forced Air, Natural Gas
  • Property Type: Resid/Multi-Family
  • Window Features: Double Pane Windows
  • Full Basement: Yes
  • Basement:Concrete2: Yes

Exterior Features

  • Roof: Shingle
  • Fencing: Back Yard
  • Patio And Porch Features: Covered, Front Porch
  • Construction Type: Vinyl Siding
  • Patio Porch Features:Covered: Yes
  • Patio Porch Features:Front Porch: Yes
  • Window Features:Double Pane Windows: Yes

Garage/Parking

  • Parking Features: On Street
  • Attached Garage: No
  • Parking Features:On Street: Yes
  • General Property Info:Parking Total: 4

Utilities

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

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Sq Ft: 3484.8
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Carrier Route: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 11, 2023
Closed on
Mar 30, 2023
Sold by
Garno Christopher
Bought by
David A Reynolds And Faiza Rais-Reynolds Trus
Seller's Agent
Chris Garno
Garno Property Management LLC
Buyer's Agent
Chris Garno
Garno Property Management LLC
List Price
$94,900
Sold Price
$75,000
Premium/Discount to List
-$19,900
-20.97%
Views
212
Current Estimated Value
$101,930

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,930
Avg. Annual Appreciation
13.17%

Purchase Details

Closed on
Feb 17, 2006
Sold by
Davis Roger L and Davis Mikel J
Bought by
Garno Christopher

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,400
Interest Rate
6.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 14, 2002
Sold by
Davis Roger L and Davis Mikel J
Bought by
Garno Christopher K

Purchase Details

Closed on
Dec 14, 2000
Sold by
Hineman Jack R and Hineman Maryellen
Bought by
Davis Roger L

Purchase Details

Closed on
Aug 22, 1980
Sold by
Hineman Jack R and Hineman Maryellen
Bought by
Davis Roger L
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
David A Reynolds And Faiza Rais-Reynolds Trus $75,000 Ata National Title
Garno Christopher $46,000 Fatic
Garno Christopher K -- Chicago Title Insurance Co
Davis Roger L $25,000 First American Title Ins Co
Davis Roger L $25,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Garno Christopher $74,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2023 03/30/23 Sold $75,000 -8.4% $44 / Sq Ft
03/19/2023 03/19/23 Pending -- -- --
03/14/2023 03/14/23 Price Changed $81,900 -4.7% $48 / Sq Ft
02/18/2023 02/18/23 Price Changed $85,900 -4.4% $51 / Sq Ft
12/31/2022 12/31/22 Price Changed $89,900 -5.3% $53 / Sq Ft
12/17/2022 12/17/22 For Sale $94,900 -- $56 / 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 $4,276 $60,900 $2,700 $58,200
2024 $35 $49,800 $2,700 $47,100
2023 $2,296 $40,200 $2,700 $37,500
2022 $2,106 $35,300 $2,200 $33,100
2021 $2,058 $31,000 $3,000 $28,000
2020 $2,042 $28,100 $3,000 $25,100
2019 $3,447 $26,900 $3,000 $23,900
2018 $1,870 $22,700 $3,000 $19,700
2017 $1,797 $22,700 $3,000 $19,700
2016 $1,765 $22,300 $3,000 $19,300
2015 $1,765 $21,700 $5,946 $15,754
2014 $1,765 $21,900 $6,243 $15,657
Source: Public Records

Agents Affiliated with this Home

  • Chris Garno

    Seller's Agent in 2023

    Chris Garno

    Garno Property Management LLC

    (517) 719-4105

    2 in this area

    98 Total Sales

    Chris Garno
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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 270499

Greater Lansing Association of Realtors®

APN: 01-01-15-334-141

Michigan Ingham County Lansing 48912 The Stadium District

328 S Holmes St, Lansing, MI

This home is located at 328 S Holmes St, Lansing, MI 48912 since 11 February 2023 and is currently estimated at $101,930, approximately $60 per square foot. This property was built in 1920. 328 S Holmes St is a home located in Ingham County with nearby schools including Pattengill Academy, Riddle Elementary School, and Eastern Lansing High School.

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