NOT LISTED FOR SALE

Estimated Value: $225,000 - $251,000

3 Beds
2 Baths
2,160 Sq Ft
$108/Sq Ft Est. Value

Last Sold July 03, 2019

Last sale price $155,000 $72 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $1,510/month

8 Days on Market

Highlights

  • Covered patio or porch
  • 4 Car Attached Garage
  • Forced Air Heating System

About This Home

As of July 2019

Excellent income property, duplex located in Delta Township, Waverly Schools, 3 bedroom's, 1.5 bath in both units. Very good financial history, low Delta Township taxes. Nice size yard. Full basement. Garage. Call agent to show. Both units tenant occupied.

Last Agent to Sell the Property

James Richards

Coldwell Banker Professionals-Delta License #6501073708 Listed on: 05/15/2019

Coldwell Banker Professionals-Delta

Last Buyer's Agent

Patrick Ferris

RE/MAX Real Estate Professionals License #6501415866

RE/MAX Real Estate Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,610

Year Built

  • Built in 1972

Lot Details

  • 0.4 Acre Lot
  • Lot Dimensions are 90x195

Parking

  • 4 Car Attached Garage

Home Design

  • Duplex
  • Brick Exterior Construction
  • Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 2,160 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector

Outdoor Features

  • Covered patio or porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $21,000

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $763
  • New Taxes Expense $3,610

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,610

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Gross Rent: 21000.0
  • Misc Business Info Construction Type: 2 STORY
  • Misc Business Info Parking Surface: CONCRETE
  • Misc Business Info Roof Type: SHINGLE
  • Tax Year: 2019
  • Registered Licenses for Unrelated Occupants: YES
  • Misc Business Info Overall Building Siz: 2160
  • Levels: Two
  • Year Built: 1972
  • Lot Size Acres: 0.4
  • Lot Size: 90X195
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 2160.0
  • General Property Info:Lot Size Dimensions: 90X195
  • General Property Info:Above Grade Finished Area: 2160.0
  • Exterior:Aluminum Siding: Yes
  • Levels:Two2: Yes
  • Sewer:Public Sewer: Yes
  • Roof:Shingle: Yes
  • Security Features:Smoke Detector(s): Yes
  • Exterior:Brick: Yes
  • Tax Info:Taxes2: 3610.0
  • Tax Info:Zoning3: Residential
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:Building 1 Description: 2 STORY DUPLEX
  • General Property Info:_pound_ of Units: 2
  • Annual Inc Expense:Insurance4: 763.0
  • Annual Inc Expense:Tax Expense2: 3610.0
  • Misc Business Info Zoning5: RESIDENTIAL
  • 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
  • Patio And Porch Features: Covered
  • Construction Type: Aluminum Siding, Brick
  • Patio Porch Features:Covered: Yes

Garage/Parking

  • Total Parking Spaces: 4.0
  • Parking Features: Attached, Private
  • Attached Garage: Yes
  • Parking Features:Attached: Yes
  • Parking Features:Private6: Yes
  • Misc Business Info:_pound_ Parking: 4
  • General Property Info:Parking Total: 4

Utilities

  • Sewer: Public Sewer
  • Appliances: Gas Water Heater
  • SecurityFeatures: Smoke Detector(s)
  • Water Source: Public
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Schools

  • Junior High Dist: Waverly

Lot Info

  • Lot Size Sq Ft: 17554.68
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2
  • Insurance Expense: 763.0

Tax Info

  • New Taxes Expense: 3610.0
  • Tax Carrier Route: 4269

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2019
Closed on
Aug 15, 2019
Sold by
Dreps William H and Dreps William H Trust
Bought by
Panneer Seetha L and Panneerselvam Seetha L
Seller's Agent
James Richards
Coldwell Banker Professionals-Delta
Buyer's Agent
Patrick Ferris
RE/MAX Real Estate Professionals
List Price
$160,000
Sold Price
$155,000
Premium/Discount to List
-$5,000
-3.12%
Current Estimated Value
$232,583

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,583
Avg. Annual Appreciation
6.83%
Original Mortgage
$124,000
Outstanding Balance
$109,559
Interest Rate
3.6%
Estimated Equity
$120,450

Purchase Details

Listed on
May 15, 2019
Closed on
Aug 2, 2019
Sold by
Selvam Seetha Lakhsmi Panneer
Bought by
Lilac Realty Llc
Seller's Agent
James Richards
Coldwell Banker Professionals-Delta
Buyer's Agent
Patrick Ferris
RE/MAX Real Estate Professionals
List Price
$160,000
Sold Price
$155,000
Premium/Discount to List
-$5,000
-3.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Outstanding Balance
$109,559
Interest Rate
3.6%
Estimated Equity
$120,450
Source: Public Records

Range of Values:

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Average Value
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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
Panneer Seetha L $155,000 --
Lilac Realty Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Panneer Seetha L $124,000
Closed Panneer Seetha L --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/03/2019 07/03/19 Sold $155,000 -3.1% $72 / Sq Ft
05/23/2019 05/23/19 Pending -- -- --
05/15/2019 05/15/19 For Sale $160,000 -- $74 / 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
2024 $2,642 $91,100 $0 $0
2023 $2,516 $85,100 $0 $0
2022 $4,270 $74,800 $0 $0
2021 $4,095 $69,700 $0 $0
2020 $4,073 $66,800 $0 $0
2019 $3,704 $145,794 $0 $0
2018 $3,610 $60,900 $0 $0
2017 $3,532 $60,900 $0 $0
2016 -- $59,000 $0 $0
2015 -- $59,000 $0 $0
2014 -- $56,600 $0 $0
2013 -- $58,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 236558

Greater Lansing Association of Realtors®

APN: 040-061-500-660-00