Seller's Agent in 2017
Christopher Silker
Keller Williams Realty Lansing
(517) 242-9251
1 in this area
290 Total Sales
409 W Lapeer St Unit 1 Lansing, MI 48933
Downtown Lansing NeighborhoodEstimated Value: $125,027 - $198,000
--
Bed
1
Bath
1,510
Sq Ft
$101/Sq Ft
Est. Value
About This Home
As of June 2017Investment income opportunity in this amazingly well kept duplex near Old Town, Adado Park, Lansing Community College, Davenport University, and Cooley Law School. In the lower unit, you will find the original hardwood floors throughout. The kitchen features stainless steel appliances, nice sink and countertops. This one bedroom has a back room that could be converted to a 2nd bedroom. The upper unit offers 2 bedrooms, 1 full bath and a den or office. Hardwood floors throughout. The bathroom features an antique claw footed tub with marble back splash. Both units offer a window air conditioner and are in great condition! Perfect income opportunity with close proximity to Cooley Law, Davenport College and Lansing Community College. The lower unit has an extremely reliable tenant of 8+ years who assists in maintenance and seasonal upkeep such as shoveling and mowing. With such reliable tenants and well maintained building this investment is an easy choice!
Last Listed By
Keller Williams Realty Lansing License #6506046369 Listed on: 06/27/2016
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1894
Lot Details
- Lot Dimensions are 41.50x66
Home Design
- Vinyl Siding
Interior Spaces
- 1,510 Sq Ft Home
- 2-Story Property
- Basement Fills Entire Space Under The House
Parking
- 2 Parking Spaces
- No Garage
Utilities
- Heating System Uses Natural Gas
- Hot Water Heating System
- Gas Water Heater
- Cable TV Available
Community Details
- 2 Units
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 27, 2016
Closed on
Jun 8, 2017
Sold by
Higgins Tad and Higgins Mary
Bought by
Warner Nathan Louis and Wildermuth Janice
Seller's Agent
Christopher Silker
Keller Williams Realty Lansing
Buyer's Agent
Melissa Smith
Coldwell Banker Professionals-Delta
List Price
$70,000
Sold Price
$67,830
Premium/Discount to List
-$2,170
-3.1%
Total Days on Market
282
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,427
Avg. Annual Appreciation
10.93%
Original Mortgage
$50,872
Outstanding Balance
$43,028
Interest Rate
4.03%
Mortgage Type
New Conventional
Estimated Equity
$110,934
Purchase Details
Closed on
Aug 28, 2008
Sold by
Stauffer Lee and Stauffer Gladys
Bought by
Higgins Ted and Higgins Mary
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,838
Interest Rate
6.54%
Mortgage Type
FHA
Purchase Details
Closed on
Feb 19, 1997
Bought by
Stauffer Lee E and Stauffer Gladys A
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Warner Nathan Louis | $67,830 | None Available | |
| Higgins Ted | $65,000 | None Available | |
| Stauffer Lee E | $30,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Warner Nathan Louis | $50,872 | |
| Previous Owner | Higgins Ted | $60,553 | |
| Previous Owner | Higgins Ted | $63,838 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/08/2017 06/08/17 | Sold | $67,830 | -3.1% | $45 / Sq Ft |
| 03/17/2017 03/17/17 | Pending | -- | -- | -- |
| 06/08/2016 06/08/16 | For Sale | $70,000 | -- | $46 / Sq Ft |
Source: Greater Lansing Association of Realtors®
Tax History Compared to Growth
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 | $33 | $62,900 | $3,300 | $59,600 |
| 2023 | $3,873 | $56,500 | $3,300 | $53,200 |
| 2022 | $3,541 | $50,400 | $3,600 | $46,800 |
| 2021 | $3,460 | $48,300 | $4,600 | $43,700 |
| 2020 | $3,434 | $44,900 | $4,600 | $40,300 |
| 2019 | $3,316 | $40,600 | $4,600 | $36,000 |
| 2018 | $3,157 | $38,700 | $4,600 | $34,100 |
| 2017 | $2,902 | $38,700 | $4,600 | $34,100 |
| 2016 | $2,786 | $38,000 | $4,600 | $33,400 |
| 2015 | $2,786 | $36,800 | $9,186 | $27,614 |
| 2014 | $2,786 | $36,100 | $14,500 | $21,600 |
Source: Public Records
Agents Affiliated with this Home
-
Christopher Silker
-
Melissa Smith
Buyer's Agent in 2017
Melissa Smith
Coldwell Banker Professionals-Delta
(517) 927-8496
106 Total Sales
Map
Source: Greater Lansing Association of Realtors®
MLS Number: 82536
APN: 01-01-16-108-221
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