NOT LISTED FOR SALE

3712 Malibu Dr Lansing, MI 48911

Averill Woods Neighborhood

Estimated Value: $200,000 - $260,619

-- Bed
4 Baths
2,188 Sq Ft
$106/Sq Ft Est. Value

Last Sold August 29, 2019

Last sale price $95,625 $44 Per Sq Ft

Est. 143% increase in value since last sale

Current estimated payment $1,544/month

6 Days on Market

Highlights

  • Covered Patio or Porch
  • 2 Car Attached Garage
  • Forced Air Heating System

About This Home

As of August 2019

Great income property. Easy to rent. All units are occupied. One side can be shown with an appointment. Newer roof. Also available 3700/02 Malibu, 3706/08 Malibu, and 3720/22 Malibu. Tenants pay utility bills.

Last Agent to Sell the Property

Doug Eschtruth

RE/MAX Real Estate Professionals License #6502129736 Listed on: 06/06/2019

RE/MAX Real Estate Professionals

Last Buyer's Agent

Hunter Seyfarth

Berkshire Hathaway HomeServices License #6501386167

Berkshire Hathaway HomeServices

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1968

Lot Details

  • 8,930 Sq Ft Lot
  • Lot Dimensions are 65x138

Home Design

  • Brick Exterior Construction
  • Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 2,188 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Parking

  • 2 Car Attached Garage
  • Gravel Driveway

Outdoor Features

  • Covered Patio or Porch

Utilities

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

Listing and Financial Details

  • Total Actual Rent $17,700

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $600
  • Maintenance Expense $1,800
  • New Taxes Expense $2,750
  • Operating Expense $5,150
  • Net Operating Income $12,850

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Gross Rent: 17700.0
  • Net Income: 12850.0
  • Total Expense: 5150.0
  • Tax Year: 2018
  • Levels: Two
  • Year Built: 1968
  • Lot Size Acres: 0.21
  • Lot Size: 65x138
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 2188.0
  • General Property Info:Lot Size Dimensions: 65x138
  • General Property Info:Above Grade Finished Area: 2188.0
  • Exterior:Aluminum Siding: Yes
  • Levels:Two2: Yes
  • Sewer:Public Sewer: Yes
  • Roof:Shingle: Yes
  • Exterior:Brick: Yes
  • Tax Info:Taxes2: 2750.0
  • Tax Info:Zoning3: Multi-Family
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:Building 1 Description: Two story duplex
  • General Property Info:_pound_ of Units: 2
  • Annual Inc Expense:Insurance4: 600.0
  • Annual Inc Expense:Tax Expense2: 2750.0
  • Annual Inc Expense:Maintenance3: 1800.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Heating: Forced Air, Natural Gas
  • Property Type: Resid/Multi-Family
  • Full Basement: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Asphalt, Attached, Gravel
  • Attached Garage: Yes
  • Parking Features:Gravel2: Yes
  • Parking Features:Asphalt2: Yes
  • Parking Features:Attached: Yes
  • General Property Info:Parking Total: 2

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Sq Ft: 8929.8
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 17, 2021
Sold by
Ward Dale
Bought by
Leanne Llc
Current Estimated Value
$232,655

Purchase Details

Listed on
Jun 6, 2019
Closed on
Aug 29, 2019
Sold by
Sanborn Marcus
Bought by
Ward Dale
Seller's Agent
Doug Eschtruth
RE/MAX Real Estate Professionals
Buyer's Agent
Hunter Seyfarth
Berkshire Hathaway HomeServices
List Price
$99,900
Sold Price
$95,625
Premium/Discount to List
-$4,275
-4.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.90%
Original Mortgage
$71,718
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 29, 2007
Sold by
Parag Viran G and Parag Sapna V
Bought by
The Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Dec 30, 2003
Sold by
Williams Kerry D
Bought by
Parag Viran G and Parag Sapna V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,222
Interest Rate
5.96%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 29, 1998
Sold by
Hatfield John W and Hatfield Bonnie M
Bought by
Williams Kerry D
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
Leanne Llc -- None Available
Ward Dale $95,625 Ata National Title Group Llc
The Federal Home Loan Mortgage Corp $138,141 None Available
Parag Viran G $146,550 --
Williams Kerry D $104,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ward Dale $71,718
Previous Owner Parag Viran G $139,222
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/29/2019 08/29/19 Sold $95,625 -4.3% $44 / Sq Ft
06/12/2019 06/12/19 Pending -- -- --
06/06/2019 06/06/19 For Sale $99,900 -- $46 / 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 $4,078 $130,300 $9,700 $120,600
2024 $33 $129,600 $9,700 $119,900
2023 $3,841 $95,000 $9,700 $85,300
2022 $3,511 $82,700 $11,000 $71,700
2021 $3,431 $78,300 $11,000 $67,300
2020 $3,406 $41,000 $11,000 $30,000
2019 $2,896 $38,200 $11,000 $27,200
2018 $2,750 $35,800 $11,000 $24,800
2017 $2,645 $35,800 $11,000 $24,800
2016 $2,556 $35,300 $11,000 $24,300
2015 $2,556 $33,200 $22,056 $11,144
2014 $2,556 $32,900 $22,056 $10,844
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2019

    Doug Eschtruth

    RE/MAX Michigan

    (517) 455-7964

    14 Total Sales

    Doug Eschtruth
    Section Image

  • H

    Buyer's Agent in 2019

    Hunter Seyfarth

    Berkshire Hathaway HomeServices

    (517) 281-1683

    39 Total Sales

    Hunter Seyfarth
    Section Image
See All Agents

Map

Source: Greater Lansing Association of Realtors®

MLS Number: 237333

Greater Lansing Association of Realtors®

APN: 01-01-30-303-061

Michigan Ingham County Lansing 48911 Averill Woods

3712 Malibu Dr, Lansing, MI

Not Listed for Sale

MultiFamily

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