NOT LISTED FOR SALE

423 Pearl St Lansing, MI 48906

Old Town Neighborhood

Estimated Value: $113,000 - $166,000

-- Bed
3 Baths
1,414 Sq Ft
$92/Sq Ft Est. Value

Last Sold May 12, 2017

Last sale price $55,000 $39 Per Sq Ft

Est. 138% increase in value since last sale

Current estimated payment $696/month

112 Days on Market

Highlights

  • Forced Air Heating System
  • Fenced
  • 5-minute walk to Turner Mini Park

About This Home

As of May 2017

Great Investment Opportunity. Good Tenants with A large parking lot and storage garage. Landlord pays utilities.

Last Agent to Sell the Property

Vickie Blattner

EXIT Realty Select Partners License #6501319397 Listed on: 11/17/2016

Last Buyer's Agent

Frederick Parcells

FRP Realty Associates Inc License #6502371946

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1875

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 72.5x165
  • Fenced

Parking

  • 3 Parking Spaces

Home Design

  • Vinyl Siding

Interior Spaces

  • 3 Bathrooms
  • 1,414 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector

Utilities

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

Community Details

  • 3 Units

Listing and Financial Details

  • Total Actual Rent $16,980

Property Details

Home Type

Multi-Family

Year Built

Built in 1875

Lot Details

0

Listing Details

  • Gross Rent: 16980.0
  • Tax Year: 2015
  • Total Ranges: 3
  • Total Refrigerators: 3
  • Levels: Two
  • Year Built: 1875
  • Lot Size Acres: 0.28
  • Lot Size: 72.5x165
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 1414.0
  • General Property Info:Lot Size Dimensions: 72.5x165
  • General Property Info:Above Grade Finished Area: 1414.0
  • Levels:Two2: Yes
  • Sewer:Public Sewer: Yes
  • Security Features:Smoke Detector(s): Yes
  • Exterior:Vinyl Siding: Yes
  • Fencing:Fenced: Yes
  • Tax Info:Taxes2: 1859.0
  • Tax Info:Zoning3: Residential
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:Building 1 Description: 3 unit rental
  • General Property Info:_pound_ of Units: 3
  • 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

  • Fencing: Fenced
  • Construction Type: Vinyl Siding

Garage/Parking

  • Parking Features: Asphalt
  • Attached Garage: No
  • Parking Features:Asphalt2: Yes
  • General Property Info:Parking Total: 3

Utilities

  • Sewer: Public Sewer
  • 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: 12196.8
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Carrier Route: 4445

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 22, 2021
Sold by
Parcells Frederick R and Parcells Lisa D
Bought by
Parcells Frederick R and Parcells Lisa D
Total Days on Market
112
Current Estimated Value
$130,785

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Outstanding Balance
$18,211
Interest Rate
2.7%
Mortgage Type
Credit Line Revolving
Estimated Equity
$117,127

Purchase Details

Listed on
Nov 17, 2016
Closed on
May 12, 2017
Sold by
Torch Way Properties Llc
Bought by
Parcells Frederick R and Parcells Lisa D
Seller's Agent
Vickie Blattner
EXIT Realty Select Partners
Buyer's Agent
Frederick Parcells
FRP Realty Associates Inc
List Price
$58,500
Sold Price
$55,000
Premium/Discount to List
-$3,500
-5.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.82%
Original Mortgage
$38,500
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 16, 2008
Sold by
Deustche Bank National Trust Company
Bought by
Torch Way Properties Llc

Purchase Details

Closed on
Oct 11, 2007
Sold by
Jones Kris and Jones Rachel
Bought by
Deutsche Bank National Trust Co and Certificateholders Of Morgan Stanley Abs

Purchase Details

Closed on
Sep 11, 2003
Sold by
Behnke Benjamin J and Zea Behnke Amelia E
Bought by
Jones Kris and Jones Rachel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,100
Interest Rate
8.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 20, 2000
Sold by
Miller Paul M and Miller Jeanne K
Bought by
Behnke Benjamin J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,000
Interest Rate
8.66%
Mortgage Type
Purchase Money Mortgage
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
Parcells Frederick R -- None Available
Parcells Frederick R $55,000 Bell Title Agency
Deutsche Bank National Trust Co $53,010 None Available
Jones Kris $129,000 Michigan Title Company
Behnke Benjamin J $72,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Parcells Frederick R $20,000
Previous Owner Parcells Frederick R $38,500
Previous Owner Torch Way Properties Llc $282,727
Previous Owner Jones Kris $116,100
Previous Owner Behnke Benjamin J $77,000
Previous Owner Behnke Benjamin J $58,000
Previous Owner Behnke Benjamin J $58,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2017 05/12/17 Sold $55,000 -6.0% $39 / Sq Ft
03/06/2017 03/06/17 Pending -- -- --
11/14/2016 11/14/16 For Sale $58,500 -- $41 / 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 $21 $52,800 $9,700 $43,100
2023 $2,682 $48,000 $9,700 $38,300
2022 $2,465 $42,400 $8,700 $33,700
2021 $2,409 $31,100 $12,500 $18,600
2020 $2,390 $30,000 $12,500 $17,500
2019 $2,296 $26,600 $12,500 $14,100
2018 $2,189 $23,500 $12,500 $11,000
2017 $1,910 $23,500 $12,500 $11,000
2016 $1,845 $22,900 $12,500 $10,400
2015 $1,845 $21,900 $0 $0
2014 $1,845 $21,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • V

    Seller's Agent in 2017

    Vickie Blattner

    EXIT Realty Select Partners

  • Frederick Parcells

    Buyer's Agent in 2017

    Frederick Parcells

    FRP Realty Associates Inc

    (312) 735-5384

    Frederick Parcells
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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 211369

Greater Lansing Association of Realtors®

APN: 01-01-09-277-101

Michigan Ingham County Lansing 48906 Old Town

423 Pearl St, Lansing, MI

This home is located at 423 Pearl St, Lansing, MI 48906 since 17 November 2016 and is currently estimated at $130,785, approximately $92 per square foot. This property was built in 1875. 423 Pearl St is a home located in Ingham County with nearby schools including Willow School, Pattengill Academy, and Eastern Lansing High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
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