$59,000
SOLD JUL 25, 2024
2 Beds
1 Bath
1,060 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$56 Per Sq Ft

31% Below List Price

41 Days on Market

About This Home

As of July 2024

Who do you know that is looking for rental property that is generating cash flow? This property is currently a licensed rental with the City of Lansing and would be a great opportunity for any investor. The estimated market rent for this property is around $1000/month. This is a great rental at a great price, don't miss this opportunity!

Last Agent to Sell the Property

Derrek Sterken

Coldwell Banker Woodland Schmidt ART Office License #6501451743 Listed on: 04/19/2024

Coldwell Banker Woodland Schmidt ART Office

Co-Listed By

Steve Sterken

Coldwell Banker Woodland Schmidt ART Office License #6506047986

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1945

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 50x103

Home Design

  • Slab Foundation
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,060 Sq Ft Home
  • 1-Story Property
  • Laundry on main level

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Home Details

Home Type

Single Family

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Ranch
  • Stories: 1
  • Year Built: 1945
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 50x103
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • General Property Info:Total Fin SqFt All Levels: 1060.0
  • General Property Info:Main Level Primary: Yes
  • Tax Info:Annual Property Tax: 2571.0
  • Tax Info:Zoning3: RES
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Manufactured:Manufactured YN: No
  • Heat Source:Natural Gas3: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Substructure:Slab: Yes
  • General Property Info:SqFt Above Grade: 1060.0
  • General Property Info Garage YN: No
  • Architectural Style:Ranch: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Total Bedrooms: 2
  • Main Level Bedrooms: 2
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Slab
  • LivingArea: 1060.0
  • General Property Info:Stories2: 1.0

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 79000.0
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Garage: No

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Laundry Features: Other
  • Sewer: Public
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.12
  • Lot Size Area: 0.12
  • Lot Dimensions: 50x103
  • Lot Size Sq Ft: 5227.0
  • Zoning Description: RES
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2571.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2024
Closed on
Jul 25, 2024
Sold by
25 Lansing Llc
Bought by
Draganescu Jovan
Seller's Agent
Derrek Sterken
Coldwell Banker Woodland Schmidt ART Office
List Price
$85,000
Sold Price
$59,000
Premium/Discount to List
-$26,000
-30.59%
Views
72

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
107.32%
Original Mortgage
$60,000
Outstanding Balance
$59,535
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$64,579

Purchase Details

Closed on
Mar 26, 2014
Sold by
Pellegrino Anthony F
Bought by
D W Sheets Iii Llc

Purchase Details

Closed on
Apr 28, 2005
Sold by
Mortgage Electronic Registration Systems
Bought by
Jpmorgan Chase Bank and Abfs Mortgage Loan Trust 2003-2

Purchase Details

Closed on
Mar 31, 2005
Sold by
Winzeler Tamah L
Bought by
Mortgage Electronic Registration Systems

Purchase Details

Closed on
Jun 3, 2003
Sold by
Haney Robert M and Haney Jeri
Bought by
Winzeler Tamah L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,400
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $59,000 Chicago Title
Quit Claim Deed $8,500 None Available
Quit Claim Deed -- E Title Agency
Sheriffs Deed $87,000 --
Warranty Deed $124,000 Michigan Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $60,000 New Conventional
Previous Owner $105,400 Purchase Money Mortgage
Previous Owner $45,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2025 07/08/25 Price Changed $124,900 -3.8% $118 / Sq Ft
06/06/2025 06/06/25 Price Changed $129,900 -3.7% $123 / Sq Ft
05/21/2025 05/21/25 For Sale $134,900 +128.6% $127 / Sq Ft
07/25/2024 07/25/24 Sold $59,000 -25.3% $56 / Sq Ft
05/30/2024 05/30/24 Pending -- -- --
05/10/2024 05/10/24 Price Changed $79,000 -7.1% $75 / Sq Ft
04/19/2024 04/19/24 For Sale $85,000 -- $80 / Sq Ft
Source: Southwestern Michigan 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 $23 $34,200 $9,500 $24,700
2023 $2,571 $30,700 $9,500 $21,200
2022 $1,703 $27,800 $9,500 $18,300
2021 $1,664 $25,600 $7,900 $17,700
2020 $1,652 $24,000 $7,900 $16,100
2019 $1,594 $22,800 $7,900 $14,900
2018 $1,513 $20,600 $7,900 $12,700
2017 $1,455 $20,600 $7,900 $12,700
2016 $1,756 $19,400 $7,900 $11,500
2015 $1,756 $18,400 $15,858 $2,542
2014 $1,756 $23,100 $16,809 $6,291
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 24018770

Southwestern Michigan Association of REALTORS®

APN: 01-01-06-128-231