NOT LISTED FOR SALE

Estimated Value: $271,799 - $309,000

Studio
2 Baths
2,017 Sq Ft
$141/Sq Ft Est. Value

Sale Details

Date Sold: October 11, 2017

Last sale price $161,500 $80 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $2,034 / mo

58 Days on Market

Highlights

  • Ranch Style House
  • Covered Patio or Porch
  • Forced Air Heating System
  • Green Elementary School Rated A-
  • 10 Car Attached Garage
  • High Speed Internet

About This Home

As of October 2017

This duplex located in the neighborhood boarding East Lansing, behind Spare Time Entertainment works either as owner occupied or as a solid investment property. Both units have been recently remodeled and are in great shape. Each unit has its own basement and back yard. With 2 bedrooms one bath per unit and each with their own address they can be rented to 2 unrelated per side with no licensing requirement. Both units have separately metered utilities making owner costs very minimal. It is fully rented at the moment with month to month leases to allow the new owners to do as they please with the property.

Last Agent to Sell the Property

Hunter Seyfarth

Berkshire Hathaway HomeServices License #6501386167 Listed on: 07/11/2017

Berkshire Hathaway HomeServices

Last Buyer's Agent

Lisa Cain

Berkshire Hathaway HomeServices License #6501320321

Berkshire Hathaway HomeServices

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 10,890 Sq Ft Lot
  • Lot Dimensions are 70x120

Home Design

  • Duplex
  • Ranch Style House
  • Brick Exterior Construction
  • Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 2,017 Sq Ft Home
  • Basement Fills Entire Space Under The House

Parking

  • 10 Car Attached Garage
  • Carport

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • High Speed Internet

Community Details

  • 2 Units
  • New Taxes Expense $4,438

Listing and Financial Details

  • Total Actual Rent $19,680

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0.25 Acres

Listing Details

  • Property Type: Resid/Multi-Family
  • Year Built: 1964
  • Above Grade Finished Sq Ft: 2017.0
  • Architectural Style: Ranch
  • General Property Info:Lot Size Dimensions: 70X120
  • General Property Info:Above Grade Finished Area: 2017.0
  • Architectural Style:Ranch: Yes
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:_pound_ of Units: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Heating: Forced Air, Natural Gas
  • Levels: One
  • Full Basement: Yes
  • Levels:One: Yes

Exterior Features

  • Roof: Shingle
  • Patio And Porch Features: Covered
  • Construction Type: Aluminum Siding, Brick
  • Exterior:Aluminum Siding: Yes
  • Patio Porch Features:Covered: Yes
  • Roof:Shingle: Yes
  • Exterior:Brick: Yes

Garage/Parking

  • Parking Features: Asphalt, Attached, Carport
  • Attached Garage: Yes
  • Parking Features:Asphalt2: Yes
  • Parking Features:Attached: Yes
  • Parking Features:Carport: Yes
  • Misc Business Info:_pound_ Parking: 10
  • General Property Info:Parking Total: 10

Utilities

  • Sewer: Public Sewer
  • Utilities: High Speed Internet Available
  • Water Source: Public
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes
  • Sewer:Public Sewer: Yes
  • Utilities:High Speed Internet Available: Yes

Schools

  • Junior High Dist: East Lansing

Lot Info

  • Lot Size Acres: 0.25
  • Lot Size: 70X120
  • Lot Size Sq Ft: 10890.0
  • ResoLotSizeUnits: Acres
  • Land Acreage:Up to 14 Acre: Yes
  • Land Acreage:_one_4 thru 12 Acre: Yes

Rental Info

  • Unit Information:_pound_ Deposits: 2
  • Unit Information:_pound_ Written Leases: 2

Tax Info

  • Tax Info:Taxable Value: 55700.0
  • Tax Info:State Eq Value: 59900.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2017
Closed on
Oct 11, 2017
Sold by
Bought by
Seller's Agent
Hunter Seyfarth
Berkshire Hathaway HomeServices
Buyer's Agent
Lisa Cain
Berkshire Hathaway HomeServices
List Price
$165,000
Sold Price
$161,500
Premium/Discount to List
-$3,500
-2.12%
Current Estimated Value
$283,700

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$122,200
Avg. Annual Appreciation
6.65%
Original Mortgage
$129,200
Outstanding Balance
$70,208
Interest Rate
3.82%
Mortgage Type
New Conventional
Estimated Equity
$213,492

Purchase Details

Closed on
Jul 12, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Interest Rate
6.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 29, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
5.65%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jan 14, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,250
Interest Rate
8.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 28, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,400
Interest Rate
10.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 31, 1998
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$161,500 Tri Title Agency Llc
$160,000 Fatic
-- Fatic
-- --
$104,000 First American Title Ins Co
$104,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $129,200
Previous Owner $152,000
Previous Owner $130,000
Previous Owner $123,250
Previous Owner $102,400
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/11/2017 10/11/17 Sold $161,500 -2.1% $80 / Sq Ft
09/07/2017 09/07/17 Pending -- -- --
07/11/2017 07/11/17 For Sale $165,000 -- $82 / Sq Ft
Source: Greater Lansing Association of Realtors®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $6,133 $122,200 $16,100 $106,100
2024 $59 $108,900 $16,100 $92,800
2023 $6,681 $100,100 $16,100 $84,000
2022 $5,524 $90,900 $13,800 $77,100
2021 $5,557 $83,000 $13,500 $69,500
2020 $4,987 $79,900 $13,500 $66,400
2019 $4,761 $72,300 $13,500 $58,800
2018 $4,737 $63,700 $13,500 $50,200
2017 $4,574 $63,700 $13,500 $50,200
2016 $4,503 $59,900 $13,500 $46,400
2015 $4,503 $57,900 $26,902 $30,998
2014 $4,503 $56,700 $26,902 $29,798
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 217941

Greater Lansing Association of Realtors®

APN: 01-01-11-476-121

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