NOT LISTED FOR SALE

408 W Genesee St Lansing, MI 48933

Downtown Lansing Neighborhood

Estimated Value: $219,000 - $257,000

6 Beds
4 Baths
2,869 Sq Ft
$82/Sq Ft Est. Value

Last Sold April 10, 2020

Last sale price $173,500 $60 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $1,263/month

39 Days on Market

Highlights

  • 0.3 Acre Lot
  • 8 Car Detached Garage
  • Hot Water Heating System
  • Covered Patio or Porch
  • Forced Air Heating System
  • 1-minute walk to Ferris Park

About This Home

As of April 2020

Here's your opportunity! This 4 unit will bring the CASH FLOW you desire. Live in one unit or rent them all. Down the street from LCC, Cooley Law, and close to highways, shopping, bus lines and MSU. Several updates, new roof, hardwood floors and tile showers this is a low maintenance turn key opportunity. There are Two 2 bedrooms upstairs and two 1 bedrooms on the main floor, 100% occupied. Newer boiler for 3 units paid by landlord, separate electric meters and one 1 bedroom has separate furnace paid by tenant. 3 car garage currently rented for an extra $1,800 a year. Washer and Dryer in the basement currently offered for free but could be swapped for coin laundry as an added source of income.

Last Agent to Sell the Property

David Hall

Achieve Real Estate LLC License #6502433100 Listed on: 01/20/2020

Last Buyer's Agent

Cabus Dewey

EXIT Realty Home Partners License #6501403441

EXIT Realty Home Partners

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1890

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 49.5x132

Parking

  • 8 Car Detached Garage

Home Design

  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,869 Sq Ft Home
  • 2-Story Property
  • Michigan Basement
  • Fire and Smoke Detector

Outdoor Features

  • Covered Patio or Porch

Utilities

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

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Tax Year: 2018
  • Levels: Two
  • Year Built: 1890
  • Lot Size Acres: 0.3
  • Lot Size: 49.5x132
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 2869.0
  • General Property Info:Lot Size Dimensions: 49.5x132
  • General Property Info:Above Grade Finished Area: 2869.0
  • Levels:Two2: Yes
  • Sewer:Public Sewer: Yes
  • Roof:Shingle: Yes
  • Security Features:Smoke Detector(s): Yes
  • General Property Info:ECO Friendly Features: No
  • Exterior:Vinyl Siding: Yes
  • Tax Info:Taxes2: 4819.0
  • Tax Info:Zoning3: Multi-Family
  • General Property Info:Building 1 Description: BLDG
  • General Property Info:_pound_ of Units: 4
  • Water Heater:Electric Water Heater2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

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

Garage/Parking

  • Parking Features: Detached
  • Attached Garage: No
  • Parking Features:Detached: Yes
  • Misc Business Info:_pound_ Parking: 8
  • General Property Info:Parking Total: 8

Utilities

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

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Sq Ft: 13068.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Carrier Route: 1171

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 20, 2020
Closed on
Apr 8, 2020
Sold by
Wm Inestments Llc
Bought by
Vallotton Claire
Seller's Agent
David Hall
Achieve Real Estate LLC
Buyer's Agent
Cabus Dewey
EXIT Realty Home Partners
List Price
$184,500
Sold Price
$173,500
Premium/Discount to List
-$11,000
-5.96%
Current Estimated Value
$230,936

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,436
Avg. Annual Appreciation
5.56%
Original Mortgage
$119,250
Outstanding Balance
$106,404
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$125,494

Purchase Details

Listed on
Jan 20, 2020
Closed on
Apr 7, 2020
Sold by
Block Charles
Bought by
Wm Investments Llc
Seller's Agent
David Hall
Achieve Real Estate LLC
Buyer's Agent
Cabus Dewey
EXIT Realty Home Partners
List Price
$184,500
Sold Price
$173,500
Premium/Discount to List
-$11,000
-5.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,250
Outstanding Balance
$106,404
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$125,494

Purchase Details

Closed on
Apr 26, 2015
Sold by
Lane Julie A and Zweiback Damita
Bought by
Block Charles

Purchase Details

Closed on
Nov 22, 2000
Sold by
A W Acres Llc
Bought by
Block Charles

Purchase Details

Closed on
Nov 20, 2000
Sold by
Sisco Kenneth W and Sisco Barbara J
Bought by
Aw Acres Llc

Purchase Details

Closed on
Jan 29, 1998
Sold by
Scovill Douglas L and Scovill Pamela
Bought by
A W Acres, Llc

Purchase Details

Closed on
Jan 13, 1998
Sold by
Sisco Kenneth W and Sisco Barbara J
Bought by
Scovill Douglas L and Scovill Pamela

Purchase Details

Closed on
Dec 1, 1992
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
Vallotton Claire $173,500 None Available
Wm Investments Llc $100,000 None Available
Block Charles -- None Available
Block Charles $82,500 Metropolitan Title Company
Aw Acres Llc $145,405 Metropolitan Title Company
A W Acres, Llc -- --
A W Acres Llc -- --
Scovill Douglas L -- --
-- $83,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vallotton Claire $119,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/10/2020 04/10/20 Sold $173,500 -6.0% $60 / Sq Ft
02/28/2020 02/28/20 Pending -- -- --
01/20/2020 01/20/20 For Sale $184,500 -- $64 / 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
2024 $59 $105,900 $5,500 $100,400
2023 $6,873 $95,100 $5,500 $89,600
2022 $6,287 $84,900 $6,100 $78,800
2021 $6,143 $73,800 $7,700 $66,100
2020 $5,261 $68,800 $7,700 $61,100
2019 $5,071 $62,200 $7,700 $54,500
2018 $4,819 $57,800 $7,700 $50,100
2017 $4,570 $57,800 $7,700 $50,100
2016 $4,040 $56,800 $7,700 $49,100
2015 $4,040 $55,100 $15,496 $39,604
2014 $4,040 $50,900 $17,000 $33,900
Source: Public Records

Agents Affiliated with this Home

  • David Hall

    Seller's Agent in 2020

    David Hall

    Achieve Real Estate LLC

    (517) 712-8329

    5 in this area

    140 Total Sales

    Section Image
  • Cabus Dewey

    Buyer's Agent in 2020

    Cabus Dewey

    EXIT Realty Home Partners

    (517) 303-9777

    3 in this area

    46 Total Sales

    Section Image
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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 243671

Greater Lansing Association of Realtors®

APN: 01-01-16-108-121

Michigan Ingham County Lansing 48933 Downtown Lansing

408 W Genesee St, Lansing, MI

This home is located at 408 W Genesee St, Lansing, MI 48933 since 20 January 2020 and is currently estimated at $236,570, approximately $82 per square foot. This property was built in 1890. 408 W Genesee St is a home located in Ingham County with nearby schools including Riddle Elementary School, Pattengill Academy, and J.W. Sexton High School.

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