NOT LISTED FOR SALE

416 W Saginaw St Lansing, MI 48933

Old Forest Neighborhood

Estimated Value: $120,000 - $146,000

-- Bed
-- Bath
9,649 Sq Ft
$14/Sq Ft Est. Value

Last Sold August 31, 2022

Last sale price $397,000 $41 Per Sq Ft

Current estimated payment $956/month

59 Days on Market

Highlights

  • 0.42 Acre Lot
  • Wood Siding
  • 4-minute walk to Ferris Park
  • Forced Air Heating System

About This Home

As of August 2022

This is 10 units over 4 buildings and 3 parcels being sold together. Access the parking lot from Saginaw or Chestnut. There is a duplex at 416 W Saginaw, a single family house at 418 W Saginaw. 420-426 includes 7 units over two buildings on one parcel. Contact us for all the rents and expenses. Amazing cash flow potential!

Last Agent to Sell the Property

Rooted Real Esta Of Greater Lansing

RE/MAX Real Estate Professionals Listed on: 06/20/2022

RE/MAX Real Estate Professionals

Co-Listed By

Adriane Lau

RE/MAX Real Estate Professionals License #6502356510

Last Buyer's Agent

E ZC

EXP Realty - Lansing License #6501395662

EXP Realty - Lansing

Property Details

Home Type

  • Multi-Family

Lot Details

  • 0.42

Home Design

  • Brick Exterior Construction
  • Wood Siding
  • Shingle Siding

Interior Spaces

  • 9,649 Sq Ft Home
  • 2-Story Property

Basement

  • Basement Fills Entire Space Under The House
  • Crawl Space

Parking

  • Gravel Driveway
  • Off-Street Parking

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • 0.42 Acre Lot
  • City Lot

Listing and Financial Details

  • Total Actual Rent $85,620

Community Details

Overview

  • 10 Units

Building Details

  • Insurance Expense $3,300
  • Other Expense $809
  • New Taxes Expense $11,635

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Gross Rent: 85620.0
  • Less Fuel: 8251.0
  • Miscellaneous: 809.0
  • Tax Year: 2021
  • Levels: Two
  • Lot Size Acres: 0.42
  • Lot Size: IRREG
  • Co List Office Mls Id: 894
  • Co List Office Phone: 517-339-8255
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 9649.0
  • General Property Info:Lot Size Dimensions: IRREG
  • General Property Info:Above Grade Finished Area: 9649.0
  • Levels:Two2: Yes
  • Sewer:Public Sewer: Yes
  • Exterior:Brick: Yes
  • Exterior:Shingle Siding: Yes
  • Exterior:Wood Siding: Yes
  • Cooling:None8: Yes
  • Tax Info:Taxes2: 11638.0
  • Tax Info:Zoning3: Residential
  • General Property Info:Building 1 Description: MULTI UNIT
  • General Property Info:_pound_ of Units: 10
  • Annual Inc Expense:Insurance4: 3300.0
  • Annual Inc Expense:Tax Expense2: 11635.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space, Full
  • Heating: Forced Air, Natural Gas
  • Property Type: Resid/Multi-Family
  • Full Basement: Yes
  • Basement:Crawl Space: Yes

Exterior Features

  • Lot Features: City Lot
  • Construction Type: Brick, Shingle Siding, Wood Siding
  • Lot Features:City Lot: Yes

Garage/Parking

  • Parking Features: Gravel, Off Street
  • Attached Garage: No
  • Parking Features:Gravel2: Yes
  • Parking Features:Off Street: Yes
  • General Property Info:Parking Total: VARIOUS

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • LaundryFeatures: See Remarks
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Sq Ft: 18251.64
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2022
Closed on
Aug 31, 2022
Sold by
Harvey F Clarizio Living Trust
Bought by
Silly Goose Llc
Seller's Agent
Rooted Real Esta Of Greater Lansing
RE/MAX Real Estate Professionals
Buyer's Agent
E ZC
EXP Realty - Lansing
List Price
$424,900
Sold Price
$397,000
Premium/Discount to List
-$27,900
-6.57%
Views
10
Current Estimated Value
$131,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$265,667
Avg. Annual Appreciation
-28.70%
Original Mortgage
$415,000
Outstanding Balance
$396,642
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
-$265,309

Purchase Details

Closed on
Nov 21, 2019
Sold by
Clarizio Harvey F and Clarizio Donna J
Bought by
Clarizio Harvey F and Clarizio Donna J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Silly Goose Llc $397,000 --
Clarizio Harvey F -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Silly Goose Llc $415,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/10/2025 02/10/25 Off Market $825 -- --
01/30/2025 01/30/25 For Rent -- -- --
10/08/2024 10/08/24 Off Market $825 -- --
05/21/2024 05/21/24 For Rent $825 0.0% --
08/31/2022 08/31/22 Sold $397,000 -6.6% $41 / Sq Ft
06/26/2022 06/26/22 Pending -- -- --
06/20/2022 06/20/22 For Sale $424,900 0.0% $44 / Sq Ft
05/07/2022 05/07/22 Pending -- -- --
04/28/2022 04/28/22 For Sale $424,900 -- $44 / 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 $3,204 $52,100 $3,300 $48,800
2024 $26 $42,900 $3,300 $39,600
2023 $3,020 $34,800 $3,300 $31,500
2022 $1,749 $31,500 $3,700 $27,800
2021 $1,710 $29,100 $5,800 $23,300
2020 $1,696 $26,900 $5,800 $21,100
2019 $1,631 $25,800 $5,800 $20,000
2018 $1,554 $22,400 $5,800 $16,600
2017 $1,492 $22,400 $5,800 $16,600
2016 $2,554 $22,000 $5,800 $16,200
2015 $2,554 $21,400 $11,550 $9,850
2014 $2,554 $21,800 $15,750 $6,050
Source: Public Records

Agents Affiliated with this Home

  • Adriane Lau

    Seller Co-Listing Agent in 2022

    Adriane Lau

    RE/MAX Michigan

    (517) 881-5182

    3 in this area

    313 Total Sales

    Adriane Lau
    Section Image
  • E ZC

    Buyer's Agent in 2022

    E ZC

    EXP Realty - Lansing

    (517) 614-2438

    2 in this area

    36 Total Sales

    E ZC
    Section Image

  • E

    Buyer's Agent in 2022

    Eugenia Zacks-Carney

    Keller Williams Realty Lansing

See All Agents

Map

Source: Greater Lansing Association of Realtors®

MLS Number: 264472

Greater Lansing Association of Realtors®

APN: 01-01-09-364-091

Michigan Ingham County Lansing 48906 Old Forest

416 W Saginaw St, Lansing, MI

Not Listed for Sale

MultiFamily

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