NOT LISTED FOR SALE

401 Shepard St Lansing, MI 48912

Fairview Area Neighborhood

Estimated Value: $90,000 - $364,176

2 Beds
1 Bath
744 Sq Ft
$246/Sq Ft Est. Value

Last Sold March 17, 2016

Last sale price $55,000 $74 Per Sq Ft

Est. 233% increase in value since last sale

Current estimated payment $1,151/month

351 Days on Market

Highlights

  • 0.29 Acre Lot
  • No HOA
  • Patio
  • Colonial Architecture
  • Porch
  • Forced Air Heating System

About This Home

As of March 2016

For Sale by Court Appointed Receiver - 401 & 407 Shepard Street & 1710 Kalamazoo Street, Lansing, MI: Two (2) Residential Homes and One (1) Commercial Building with an apartment on the second floor.

401 Shepard Street 3,123 +/- Square Foot Two (2) Story Vacant Commercial Building with an apartment on the 2nd floor.

407 Shepard Street 704 +/- Square Foot Vacant Single Story Two (2) Bed One (1) Bath Residential Home

1710 Kalamazoo Street 1,080 +/- Square Foot Two (2) Story Vacant Three (3) Bed One (1) Bath Residential Home

Zoned F - Commercial District. One (1) Parcel on 0.29 +/- Acres.

South East Corner of Kalamazoo Street and Shepard Street

Last Agent to Sell the Property

Mark Kassab

James M Galbraith License #6501127238 Listed on: 01/05/2015

Last Buyer's Agent

Mark Kassab

James M Galbraith License #6501127238 Listed on: 01/05/2015

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1920

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 99 x 127

Home Design

  • Colonial Architecture
  • Block Foundation
  • Asphalt Roof
  • Stucco
  • Vinyl Construction Material

Interior Spaces

  • 744 Sq Ft Home
  • 2-Story Property
  • Basement

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Patio
  • Porch

Utilities

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

Community Details

  • No Home Owners Association
  • Paul Park Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 33010115478001

Home Details

Home Type

Single Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Assessment: 515
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Room Count: 5
  • Total Bedrooms: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Kitchen Appliances: Refrigerator, Range/Stove
  • Sq Ft Combined: 744
  • Total Sq Ft: 744
  • Sq Ft Total Bsmt: 704

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Stucco, Vinyl
  • Foundation Materials: Block
  • Frontage Feet: 127
  • Porch Type: Patio, Porch
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: No Garage

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Lansing

Lot Info

  • List Price per Acre: 275517.2414
  • Lot Size Area: 0.29
  • Lot Dimensions: 99 x 127
  • Parcel Number: 33010115478001

Tax Info

  • Tax Amount Summer: 6024.0000
  • Tax Amount Winter: 914.0000
  • Total Tax: 6938.0000

MLS Schools

  • School District: Lansing

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 1, 2017
Sold by
Sandoro David
Bought by
Harsan Llc
Current Estimated Value
$183,392

Purchase Details

Listed on
Jan 5, 2015
Closed on
Apr 5, 2016
Sold by
Amerihome Co
Bought by
Sandoro David
Seller's Agent
Mark Kassab
James M Galbraith
Buyer's Agent
Mark Kassab
James M Galbraith
List Price
$79,900
Sold Price
$55,000
Premium/Discount to List
-$24,900
-31.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.95%

Purchase Details

Closed on
Nov 26, 2006
Sold by
Mohammad Saleh and Ahmadi Fahim
Bought by
Vakili Chami Kamran and Vakili Tonya

Purchase Details

Closed on
Jan 10, 2006
Sold by
Vakili Chami Kamran and Vakili Tonya
Bought by
Amerihome Co

Purchase Details

Closed on
Oct 21, 2005
Sold by
Vakili Chami Kamran and Vakili Tona
Bought by
Mohammad Saleh

Purchase Details

Closed on
Jun 24, 2005
Sold by
Amerihome Co
Bought by
Vakili Chami Kamran and Vakili Tonya

Purchase Details

Closed on
Sep 29, 2003
Sold by
First National Bank Of America Na
Bought by
Plesscher Robert J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.23%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 26, 2003
Sold by
Plesscher Robert J
Bought by
Amerihome Co

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.23%
Mortgage Type
Commercial

Purchase Details

Closed on
May 17, 2001
Sold by
Pendell Wellington
Bought by
First National Bank Of America

Purchase Details

Closed on
Jul 30, 1999
Sold by
Otis Gary and Otis Iola
Bought by
Pendell Wellington

Purchase Details

Closed on
Nov 20, 1998
Sold by
Otis Gary and Otis Iola
Bought by
Wellington Pendell
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
Harsan Llc -- None Available
Sandoro David $55,000 First American Title Co
Vakili Chami Kamran -- None Available
Amerihome Co -- None Available
Mohammad Saleh -- Tnt
Vakili Chami Kamran -- --
Plesscher Robert J $115,000 Trans
Amerihome Co -- Trans
First National Bank Of America $374,773 --
Pendell Wellington $140,000 Title Office
Wellington Pendell $140,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Amerihome Co $325,000
Previous Owner Amerihome Co $140,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/17/2016 03/17/16 Sold $55,000 -31.2% $74 / Sq Ft
12/22/2015 12/22/15 Pending -- -- --
01/05/2015 01/05/15 For Sale $79,900 -- $107 / Sq Ft
Source: Realcomp

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 $12,046 $178,100 $33,200 $144,900
2024 $98 $188,600 $33,200 $155,400
2023 $10,166 $176,300 $33,200 $143,100
2022 $9,269 $160,100 $18,900 $141,200
2021 $9,053 $151,000 $18,900 $132,100
2020 $9,779 $151,200 $18,900 $132,300
2019 $15,860 $124,900 $18,900 $106,000
2018 $8,238 $106,300 $18,900 $87,400
2017 $7,943 $106,300 $18,900 $87,400
2016 $8,140 $102,600 $18,900 $83,700
2015 $8,140 $100,000 $37,896 $62,104
2014 $8,140 $91,400 $37,896 $53,504
Source: Public Records

Agents Affiliated with this Home

  • Mark Kassab

    Seller's Agent in 2016

    Mark Kassab

    James M Galbraith

    (248) 310-0536

    24 Total Sales

    Mark Kassab
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Map

Source: Realcomp

MLS Number: 215001056

Realcomp

APN: 01-01-15-478-001

Michigan Ingham County Lansing 48912 Fairview Area

401 Shepard St, Lansing, MI

This home is located at 401 Shepard St, Lansing, MI 48912 since 05 January 2015 and is currently estimated at $183,392, approximately $246 per square foot. This property was built in 1920. 401 Shepard St is a home located in Ingham County with nearby schools including Pattengill Academy, Riddle Elementary School, and Eastern Lansing High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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