NOT LISTED FOR SALE

Estimated Value: $214,000 - $261,000

6 Beds
4 Baths
2,869 Sq Ft
$84/Sq Ft Est. Value

Sale Details

Date Sold: April 10, 2020

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

Est. 39% increase in value since last sale

Current estimated payment $1,562 / mo

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

Range of Values:

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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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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1890

Lot Details

  • 13,068 Sq Ft 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

0.3 Acres

Listing Details

  • Property Type: Resid/Multi-Family
  • Year Built: 1890
  • Above Grade Finished Sq Ft: 2869.0
  • General Property Info:Lot Size Dimensions: 49.5x132
  • General Property Info:Above Grade Finished Area: 2869.0
  • General Property Info:ECO Friendly Features: No
  • 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
  • Levels: Two
  • Basement:Michigan: Yes
  • Levels:Two2: Yes

Exterior Features

  • Roof: Shingle
  • Patio And Porch Features: Covered
  • Construction Type: Vinyl Siding
  • Patio Porch Features:Covered: Yes
  • Roof:Shingle: Yes
  • Exterior:Vinyl Siding: 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
  • Sewer:Public Sewer: Yes
  • Security Features:Smoke Detector(s): Yes
  • Heating:Hot Water: Yes

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Acres: 0.3
  • Lot Size: 49.5x132
  • Lot Size Sq Ft: 13068.0
  • ResoLotSizeUnits: Acres
  • Land Acreage:Up to 14 Acre: Yes

Tax Info

  • Tax Carrier Route: 1171
  • Tax Info:Taxable Value: 60825.0
  • Tax Info:State Eq Value: 62200.0

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
Jan 20, 2020
Closed on
Apr 8, 2020
Sold by
Bought by
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
$240,882

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,382
Avg. Annual Appreciation
5.28%
Original Mortgage
$119,250
Outstanding Balance
$103,099
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$137,783

Purchase Details

Listed on
Jan 20, 2020
Closed on
Apr 7, 2020
Sold by
Bought by
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
$103,099
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$137,783

Purchase Details

Closed on
Apr 26, 2015
Sold by
Bought by

Purchase Details

Closed on
Nov 22, 2000
Sold by
Bought by

Purchase Details

Closed on
Nov 20, 2000
Sold by
Bought by

Purchase Details

Closed on
Jan 29, 1998
Sold by
Bought by

Purchase Details

Closed on
Jan 13, 1998
Sold by
Bought by

Purchase Details

Closed on
Dec 1, 1992
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Downtown Lansing, MI

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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
$173,500 None Available
$100,000 None Available
-- None Available
$82,500 Metropolitan Title Company
$145,405 Metropolitan Title Company
-- --
-- --
-- --
$83,000 --
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 $119,250
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
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

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
2026 $7,510 $118,900 $5,500 $113,400
2025 $6,055 $111,800 $5,500 $106,300
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

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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

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