NOT LISTED FOR SALE

Estimated Value: $215,000 - $384,000

-- Bed
4 Baths
3,808 Sq Ft
$74/Sq Ft Est. Value

Last Sold April 26, 2018

Last sale price $173,000 $45 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $2,145/month

18 Days on Market

Highlights

  • Covered Patio or Porch
  • High Speed Internet
  • Heating Available

About This Home

As of April 2018

Four unit income property in great condition! Updates include new vinyl siding, all new windows, new sidewalk & gutters. Interior updates include new flooring, bathroom vanities, hardware, and plumbing. All units are currently occupied.

Last Agent to Sell the Property

Kate Mannausa

EXIT Realty Home Partners License #6501391733 Listed on: 02/23/2018

EXIT Realty Home Partners

Last Buyer's Agent

Gary Newton

RE/MAX Real Estate Professionals License #6506045750

RE/MAX Real Estate Professionals

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1975

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions are 82x173

Home Design

  • 3,808 Sq Ft Home
  • Bi-Level Home
  • Shingle Roof
  • Vinyl Siding

Parking

  • 6 Parking Spaces
  • No Garage
  • Gravel Driveway

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Heating Available
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • 4 Units
  • New Taxes Expense $5,290

Listing and Financial Details

  • Total Actual Rent $31,500

Property Details

Home Type

Multi-Family

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Gross Rent: 31500.0
  • Tax Year: 2017
  • Year Built: 1975
  • Lot Size Acres: 0.33
  • Lot Size: 82X173
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 3808.0
  • Architectural Style: Bi-Level
  • General Property Info:Lot Size Dimensions: 82X173
  • General Property Info:Above Grade Finished Area: 3808.0
  • Sewer:Public Sewer: Yes
  • Utilities:Cable Available: Yes
  • Utilities:High Speed Internet Available: Yes
  • Roof:Shingle: Yes
  • Exterior:Vinyl Siding: Yes
  • Architectural Style:Bi-Level: Yes
  • Tax Info:Taxes2: 5290.0
  • Tax Info:Zoning3: Residential
  • General Property Info:Building 1 Description: TWO STORY
  • General Property Info:_pound_ of Units: 4
  • Water Heater:Electric Water Heater2: Yes
  • Annual Inc Expense:Tax Expense2: 5290.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Heating: Electric
  • Property Type: Resid/Multi-Family

Exterior Features

  • Roof: Shingle
  • Patio And Porch Features: Covered
  • Construction Type: Vinyl Siding
  • Patio Porch Features:Covered: Yes

Garage/Parking

  • Total Parking Spaces: 6.0
  • Parking Features: Gravel, No Garage
  • Attached Garage: No
  • Parking Features:Gravel2: Yes
  • Parking Features:No Garage: Yes
  • General Property Info:Parking Total: 6

Utilities

  • Sewer: Public Sewer
  • Appliances: Electric Water Heater
  • Utilities: High Speed Internet Available, Cable Available
  • Water Source: Public
  • Heating Yn: Yes
  • Heating:Electric: Yes

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Sq Ft: 14287.68
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 4

Tax Info

  • New Taxes Expense: 5290.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2018
Closed on
Apr 24, 2018
Sold by
Irving Lethorn
Bought by
Kris Keith
Seller's Agent
Kate Mannausa
EXIT Realty Home Partners
Buyer's Agent
Gary Newton
RE/MAX Real Estate Professionals
List Price
$185,000
Sold Price
$173,000
Premium/Discount to List
-$12,000
-6.49%
Current Estimated Value
$282,972

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,972
Avg. Annual Appreciation
6.61%
Original Mortgage
$138,400
Outstanding Balance
$121,061
Interest Rate
4.45%
Mortgage Type
New Conventional
Estimated Equity
$155,397

Purchase Details

Closed on
Aug 15, 2016
Sold by
Seay Sarah R
Bought by
Irving Lethorn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,750
Interest Rate
3.41%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 22, 2002
Sold by
Haveman Louis J and Haveman Janice E
Bought by
Seay Sarah R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,600
Interest Rate
8.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 9, 1998
Sold by
Haveman Louis J
Bought by
Summit Assist Management

Purchase Details

Closed on
Jul 17, 1998
Sold by
Haveman Louis J
Bought by
Lofton Hugh and Lofton Debbie

Purchase Details

Closed on
Jul 9, 1997
Sold by
Sisco Kenenth W and Sisco Barbara J
Bought by
Haveman Louis J
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
Kris Keith $173,000 Transnation Title Agency
Irving Lethorn $125,000 None Available
Seay Sarah R $114,500 --
Haveman Louis J $95,000 --
Summit Assist Management $95,000 --
Lofton Hugh $105,000 --
Haveman Louis -- Metropolitan Title Company
Haveman Louis J $95,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kris Keith $138,400
Previous Owner Irving Lethorn $93,750
Previous Owner Seay Sarah $107,500
Previous Owner Seay Sarah R $91,600
Closed Seay Sarah R $5,725
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2018 04/26/18 Sold $173,000 -6.5% $45 / Sq Ft
03/13/2018 03/13/18 Pending -- -- --
02/23/2018 02/23/18 For Sale $185,000 -- $49 / 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 $7,236 $122,300 $10,300 $112,000
2024 $58 $102,600 $10,300 $92,300
2023 $6,817 $90,400 $10,300 $80,100
2022 $6,236 $84,400 $8,800 $75,600
2021 $6,093 $81,300 $5,400 $75,900
2020 $6,048 $77,900 $5,400 $72,500
2019 $5,824 $70,800 $5,400 $65,400
2018 $5,471 $67,200 $5,400 $61,800
2017 $5,290 $67,200 $5,400 $61,800
2016 $4,349 $64,800 $5,400 $59,400
2015 $4,349 $62,500 $10,742 $51,758
2014 $4,349 $55,200 $18,416 $36,784
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 223645

Greater Lansing Association of Realtors®

APN: 01-01-32-101-408