NOT LISTED FOR SALE

408 W Lapeer St Lansing, MI 48933

Downtown Lansing Neighborhood

Estimated Value: $106,000 - $162,000

-- Bed
-- Bath
1,457 Sq Ft
$91/Sq Ft Est. Value

Last Sold December 04, 2015

Last sale price $31,500 $22 Per Sq Ft

Est. 319% increase in value since last sale

Current estimated payment $1,002/month

About This Home

As of December 2015

Good two unit income property. Both units currently rented. Licensed with the City of Lansing. Some newer windows, interior paint and carpet. Close to LCC and bus lines.

Last Agent to Sell the Property

Lisa Cain

Berkshire Hathaway HomeServices License #6501320321 Listed on: 10/27/2015

Berkshire Hathaway HomeServices

Last Buyer's Agent

Agent Outside

Out Side Company

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1887

Lot Details

  • Lot Dimensions are 44 x 66

Home Design

  • Aluminum Siding

Interior Spaces

  • 1,457 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector

Parking

  • 4 Parking Spaces
  • No Garage

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Cable TV Available

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1887

Lot Details

0

Listing Details

  • Tax Year: 15
  • Total Dryers: 1
  • Total Ovens: 2
  • Total Ranges: 1
  • Total Refrigerators: 2
  • Total Washers: 1
  • Levels: Two
  • Year Built: 1887
  • Lot Size: 44 X 66
  • Above Grade Finished Sq Ft: 1457.0
  • General Property Info:Lot Size Dimensions: 44 X 66
  • General Property Info:Above Grade Finished Area: 1457.0
  • Exterior:Aluminum Siding: Yes
  • Levels:Two2: Yes
  • Sewer:Public Sewer: Yes
  • Utilities:Cable Available: Yes
  • Security Features:Smoke Detector(s): Yes
  • General Property Info:ECO Friendly Features: No
  • Tax Info:Taxes2: 2525.0
  • Tax Info:Zoning3: Residential
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:_pound_ of Units: 2
  • 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

  • Construction Type: Aluminum Siding

Garage/Parking

  • Parking Features: No Garage
  • Attached Garage: No
  • Parking Features:No Garage: Yes
  • General Property Info:Parking Total: 4

Utilities

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

Schools

  • Junior High Dist: Lansing

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2015
Closed on
Dec 4, 2015
Sold by
Morant Properties Llc
Bought by
Sanchez Jose and Sanchez Rocio
Seller's Agent
Lisa Cain
Berkshire Hathaway HomeServices
Buyer's Agent
Agent Outside
Out Side Company
List Price
$29,900
Sold Price
$31,500
Premium/Discount to List
$1,600
5.35%
Current Estimated Value
$132,031

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,531
Avg. Annual Appreciation
16.21%

Purchase Details

Listed on
Oct 21, 2013
Closed on
Oct 24, 2013
Sold by
Chestnut Jerry R and Chestnut Becky
Bought by
Morant Properties Llc
Seller's Agent
Dawn Brewster
RE/MAX Real Estate Professionals Dewitt
Buyer's Agent
Lisa Cain
Berkshire Hathaway HomeServices
List Price
$19,000
Sold Price
$11,500
Premium/Discount to List
-$7,500
-39.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
61.21%

Purchase Details

Closed on
Jan 11, 2001
Sold by
Gingras Thomas M and Gingras Viki L
Bought by
The Chase Manhattan Bank

Purchase Details

Closed on
Jun 1, 1992
Sold by
Foulds James N and Foulds Donna B
Bought by
Gingras Thomas M and Gingras Viki L
Source: Public Records

Range of Values:

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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
Sanchez Jose $31,500 Tri Title Agency Llc
Morant Properties Llc $11,500 Midstate Title Agency Llc
The Chase Manhattan Bank $34,000 --
Gingras Thomas M $30,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/04/2015 12/04/15 Sold $31,500 +5.4% $22 / Sq Ft
12/03/2015 12/03/15 Pending -- -- --
10/07/2015 10/07/15 For Sale $29,900 +160.0% $21 / Sq Ft
10/24/2013 10/24/13 Sold $11,500 -39.5% $8 / Sq Ft
10/21/2013 10/21/13 Pending -- -- --
10/11/2013 10/11/13 For Sale $19,000 -- $13 / 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 $3,627 $60,900 $3,500 $57,400
2024 $30 $57,700 $3,500 $54,200
2023 $3,413 $51,800 $3,500 $48,300
2022 $3,114 $46,400 $3,800 $42,600
2021 $3,042 $44,500 $4,900 $39,600
2020 $3,021 $41,500 $4,900 $36,600
2019 $2,989 $37,600 $4,900 $32,700
2018 $2,767 $35,600 $4,900 $30,700
2017 $2,664 $35,600 $4,900 $30,700
2016 $2,820 $34,900 $4,900 $30,000
2015 $2,820 $33,900 $9,740 $24,160
2014 $2,820 $33,300 $14,500 $18,800
Source: Public Records

Agents Affiliated with this Home

  • Lisa Cain

    Seller's Agent in 2015

    Lisa Cain

    Berkshire Hathaway HomeServices

    (517) 930-4783

    2 in this area

    58 Total Sales

    Lisa Cain
    Section Image

  • A

    Buyer's Agent in 2015

    Agent Outside

    Out Side Company

  • Dawn Brewster

    Seller's Agent in 2013

    Dawn Brewster

    RE/MAX Michigan

    (517) 881-4061

    48 Total Sales

    Dawn Brewster
    Section Image
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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 75744

Greater Lansing Association of Realtors®

APN: 01-01-16-104-071

Michigan Ingham County Lansing 48933 Downtown Lansing

408 W Lapeer St, Lansing, MI

This home is located at 408 W Lapeer St, Lansing, MI 48933 since 27 October 2015 and is currently estimated at $132,031, approximately $90 per square foot. This property was built in 1887. 408 W Lapeer 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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