NOT LISTED FOR SALE

417 W Maple St Lansing, MI 48906

Old Forest Neighborhood

Estimated Value: $150,000 - $172,000

4 Beds
2 Baths
2,135 Sq Ft
$76/Sq Ft Est. Value

Last Sold November 05, 2018

Last sale price $90,000 $42 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $1,204/month

34 Days on Market

About This Home

As of November 2018

Great Investment Opportunity! This 2 unit rental property is ideally located close to Downtown Lansing, The Capitol, LCC, and Cooley Law School, in Lansing's popular and artsy Old Town. Beautifully refinished hardwood flooring and original trim, including pillars separating the open living and dining rooms, and the bay/bump-out windows in each unit for character and tons of natural light, create a high demand for these rentals! Each unit has a large front porch for relaxing outside, laundry in the basement (separate washer and dryer for each unit is included with the sale), extra storage space in the back mud room, and ample parking behind the home. Updates include a completely remodeled bathroom in the first floor unit, new kitchen appliances, new paint throughout, new roof in 2016, and new furnace for the upstairs unit. This home would be ideal for an owner to live in one unit, and rent out the second unit!

Last Agent to Sell the Property

Estella Boak

RE/MAX Real Estate Professionals Dewitt License #6506045418 Listed on: 08/07/2018

RE/MAX Real Estate Professionals Dewitt

Last Buyer's Agent

Carrie Bond

White Pine Sotheby's International Realty License #6506048244

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1911

Lot Details

  • 5,445 Sq Ft Lot
  • Lot Dimensions are 41.25x132

Home Design

  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,135 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector

Parking

  • 4 Parking Spaces
  • Gravel Driveway

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 1911

Lot Details

0

Listing Details

  • Tax Year: 2017
  • Levels: Two
  • Year Built: 1911
  • Attribution Contact: 517-669-8118
  • Lot Size Acres: 0.13
  • Lot Size: 41.25x132
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 2135.0
  • General Property Info:Lot Size Dimensions: 41.25x132
  • General Property Info:Above Grade Finished Area: 2135.0
  • Levels:Two2: Yes
  • Sewer:Public Sewer: Yes
  • Utilities:Cable Available: Yes
  • Roof:Shingle: Yes
  • Security Features:Smoke Detector(s): Yes
  • General Property Info:ECO Friendly Features: No
  • Exterior:Vinyl Siding: Yes
  • Tax Info:Taxes2: 2896.0
  • Tax Info:Zoning3: Residential
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:Building 1 Description: 2 Story
  • 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

  • Roof: Shingle
  • Construction Type: Vinyl Siding

Garage/Parking

  • Parking Features: Gravel
  • Attached Garage: No
  • Parking Features:Gravel2: 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

Lot Info

  • Lot Size Sq Ft: 5445.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Carrier Route: 5034

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2018
Closed on
Dec 28, 2018
Sold by
Ouellette Jesse D
Bought by
Jdo Ventures Llc
Seller's Agent
Estella Boak
RE/MAX Real Estate Professionals Dewitt
Buyer's Agent
Carrie Bond
White Pine Sotheby's International Realty
List Price
$100,000
Sold Price
$90,000
Premium/Discount to List
-$10,000
-10%
Current Estimated Value
$162,103

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,103
Avg. Annual Appreciation
8.80%
Original Mortgage
$67,500
Interest Rate
4.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 7, 2018
Closed on
Nov 5, 2018
Sold by
Aleman Mcalpine Emily
Bought by
Ouellette Jesse D
Seller's Agent
Estella Boak
RE/MAX Real Estate Professionals Dewitt
Buyer's Agent
Carrie Bond
White Pine Sotheby's International Realty
List Price
$100,000
Sold Price
$90,000
Premium/Discount to List
-$10,000
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,500
Interest Rate
4.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 11, 2013
Sold by
Mae Fanne
Bought by
Aleman Mcalpine Emily

Purchase Details

Closed on
Mar 12, 2013
Sold by
Wells Fargo Bank Na
Bought by
Fannie Mae and Federal National Mortgage Association

Purchase Details

Closed on
Mar 7, 2013
Sold by
Byard Gregory P and Angel Melody A
Bought by
Wells Fargo Bank N A
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
Jdo Ventures Llc -- None Available
Ouellette Jesse D $90,000 Ata National Title Group
Aleman Mcalpine Emily $33,000 Attorneys Title Agency Llc
Fannie Mae -- None Available
Wells Fargo Bank N A $59,874 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ouellette Jesse D $67,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/05/2018 11/05/18 Sold $90,000 -10.0% $42 / Sq Ft
09/10/2018 09/10/18 Pending -- -- --
08/07/2018 08/07/18 For Sale $100,000 -- $47 / 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 $4,265 $81,900 $3,700 $78,200
2024 $35 $74,200 $3,700 $70,500
2023 $4,016 $59,900 $3,700 $56,200
2022 $3,671 $53,600 $4,200 $49,400
2021 $3,587 $48,600 $6,500 $42,100
2020 $4,296 $44,000 $6,500 $37,500
2019 $3,724 $42,200 $6,500 $35,700
2018 $3,268 $38,900 $6,500 $32,400
2017 $2,826 $38,900 $6,500 $32,400
2016 $4,346 $38,200 $6,500 $31,700
2015 $4,346 $37,000 $12,913 $24,087
2014 $4,346 $35,100 $15,750 $19,350
Source: Public Records

Agents Affiliated with this Home

  • Estella Boak

    Seller's Agent in 2018

    Estella Boak

    RE/MAX Michigan

    (517) 202-1030

    106 Total Sales

    Estella Boak
    Section Image
  • Carrie Bond

    Buyer's Agent in 2018

    Carrie Bond

    White Pine Sotheby's International Realty

    (517) 203-8274

    73 Total Sales

    Carrie Bond
    Section Image
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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 229253

Greater Lansing Association of Realtors®

APN: 01-01-09-308-231

Michigan Ingham County Lansing 48906 Old Forest

417 W Maple St, Lansing, MI

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