NOT LISTED FOR SALE

Estimated Value: $130,000 - $175,000

Studio
-- Bath
1,564 Sq Ft
$93/Sq Ft Est. Value

Last Sold October 23, 2023

Last sale price $170,000 $109 Per Sq Ft

Est. 20% decrease in value since last sale

Current estimated payment $1,017/month

9 Days on Market

Highlights

  • 9 Acre Lot
  • Property is near public transit
  • Wood Flooring
  • Colonial Architecture
  • Private Lot
  • 4-minute walk to Reutter Park

About This Home

As of October 2023

This home is located at 425 S Chestnut St, Lansing, MI 48933 since 28 August 2023 and is currently estimated at $145,401, approximately $92 per square foot. This property was built in 1891. 425 S Chestnut St is a home located in Ingham County with nearby schools including Riddle Elementary School, Pattengill Academy, and J.W. Sexton High School.

Last Agent to Sell the Property

Tim Sabrosky

RE/MAX Real Estate Professionals License #6501389687 Listed on: 08/28/2023

RE/MAX Real Estate Professionals

Last Buyer's Agent

Michael Graham

RE/MAX Real Estate Professionals License #6501395875

RE/MAX Real Estate Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,302

Year Built

  • Built in 1891

Lot Details

  • 9 Acre Lot
  • Lot Dimensions are 36x110
  • Private Entrance
  • Private Lot
  • Rectangular Lot
  • Level Lot
  • Open Lot
  • Cleared Lot
  • Back Yard Fenced and Front Yard

Home Design

  • Colonial Architecture
  • Pillar, Post or Pier Foundation
  • Combination Foundation
  • Block Foundation
  • Stone Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,564 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Insulated Windows
  • Laundry in Hall

Flooring

  • Wood
  • Carpet
  • Vinyl

Basement

  • Basement Fills Entire Space Under The House
  • Michigan Basement
  • Block Basement Construction

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 4 Parking Spaces
  • No Garage
  • Gravel Driveway
  • Additional Parking
  • Parking Lot
  • Outside Parking

Outdoor Features

  • Exterior Lighting
  • Front Porch

Location

  • Property is near public transit

Utilities

  • Window Unit Cooling System
  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • 200+ Amp Service
  • Electric Water Heater
  • Private Sewer
  • Cable TV Available

Community Details

  • 2 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,302

Year Built

Built in 1891

Lot Details

0

Listing Details

  • Misc Business Info Parking Surface: Gravel Asphalt
  • Misc Business Info Roof Type: Shingle Asphalt
  • Tax Year: 2022
  • Misc Business Info Overall Building Siz: 1564
  • Levels: Two
  • Year Built: 1891
  • Lot Size Acres: 9.0
  • Lot Size: 36x110
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 1564.0
  • Architectural Style: Colonial
  • General Property Info:Lot Size Dimensions: 36x110
  • General Property Info:Above Grade Finished Area: 1564.0
  • Levels:Two2: Yes
  • Flooring:Carpet: Yes
  • Foundation Details:Block4: Yes
  • Utilities:Cable Available: Yes
  • Cooling:Window Unit(s): Yes
  • Roof:Shingle: Yes
  • Security Features:Smoke Detector(s): Yes
  • Fencing:Back Yard: Yes
  • Cooling:Central Air: Yes
  • Exterior:Vinyl Siding: Yes
  • Fencing:Fenced: Yes
  • Architectural Style:Colonial: Yes
  • Flooring:Vinyl2: Yes
  • Security Features:Carbon Monoxide Detector(s): Yes
  • Laundry Features:Laundry Closet: Yes
  • Fencing:Wood3: Yes
  • Foundation Details:Combination: Yes
  • Laundry Features:Common Area: Yes
  • Laundry Features:In Hall: Yes
  • Electric:_two_00 Amp Service: Yes
  • Tax Info:Taxes2: 2301.61
  • Tax Info:Zoning3: Residential
  • General Property Info:Building 1 Description: Multi-Family
  • General Property Info:_pound_ of Units: 2
  • Flooring:Wood4: Yes
  • Foundation Details:Stone4: Yes
  • Water Heater:Electric Water Heater2: Yes
  • Sewer:Private Sewer: Yes
  • Foundation Details:PillarPostPier2: Yes
  • Misc Business Info Zoning5: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Concrete, Full, Michigan
  • Heating: Forced Air, Natural Gas
  • Flooring: Carpet, Vinyl, Wood
  • Property Type: Resid/Multi-Family
  • Window Features: Double Pane Windows, Insulated Windows
  • Full Basement: Yes
  • Basement:Michigan: Yes
  • Basement:Concrete2: Yes
  • Community Features:Curbs: Yes
  • Basement:Block2: Yes
  • Community Features:Street Lights: Yes

Exterior Features

  • Roof: Shingle
  • ExteriorFeatures: Lighting, Private Entrance
  • Fencing: Back Yard, Fenced, Wood
  • Foundation Details: Block, Combination, Pillar/Post/Pier, Stone
  • FrontageType: Other
  • Lot Features: Cleared, Front Yard, Level, Near Public Transit, Open Lot, Private, Rectangular Lot
  • RoadFrontageType: City Street
  • RoadSurfaceType: Asphalt, Concrete
  • Patio And Porch Features: Front Porch
  • Construction Type: Vinyl Siding
  • Lot Features:Front Yard2: Yes
  • Lot Features:Near Public Transit: Yes
  • Patio Porch Features:Front Porch: Yes
  • Window Features:Double Pane Windows: Yes
  • Window Features:Insulated Windows: Yes
  • Lot Features:Open Lot: Yes
  • Lot Features:Private2: Yes
  • Lot Features:Cleared: Yes
  • Lot Features:Level: Yes
  • Lot Features:Rectangular Lot: Yes
  • Exterior Features:Lighting: Yes
  • Exterior Features:Private Entrance: Yes

Garage/Parking

  • Total Parking Spaces: 4.0
  • Parking Features: Additional Parking, Driveway, Gravel, No Garage, On Site, Outside, Parking Lot
  • Attached Garage: No
  • Parking Features:Gravel2: Yes
  • Parking Features:On Site: Yes
  • Parking Features:No Garage: Yes
  • Parking Features:Driveway: Yes
  • Parking Features:Additional Parking: Yes
  • Misc Business Info:_pound_ Parking: 4
  • General Property Info:Parking Total: 4
  • Parking Features:Outside2: Yes
  • Parking Features:Parking Lot: Yes

Utilities

  • Sewer: Private Sewer
  • Appliances: Electric Water Heater
  • Cooling: Central Air, Window Unit(s)
  • Electric: 200+ Amp Service
  • LaundryFeatures: Common Area, In Hall, Laundry Closet
  • SecurityFeatures: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Utilities: Cable Available
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Curbs, Street Lights

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Sq Ft: 392040.0
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2023
Closed on
Oct 23, 2023
Sold by
Wil-Ben Management Llc
Bought by
Tidwell Christopher
Seller's Agent
Tim Sabrosky
RE/MAX Real Estate Professionals
Buyer's Agent
Michael Graham
RE/MAX Real Estate Professionals
List Price
$169,500
Sold Price
$170,000
Premium/Discount to List
$500
0.29%
Views
80
Current Estimated Value
$136,777

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$33,223
Avg. Annual Appreciation
-6.77%
Original Mortgage
$173,655
Outstanding Balance
$170,279
Interest Rate
7.18%
Mortgage Type
VA
Estimated Equity
-$24,878

Purchase Details

Closed on
Nov 2, 2006
Sold by
Underwood Deliah and Walker Jonathan
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Oct 31, 2003
Sold by
Bell Verna D
Bought by
Underwood Deliah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,650
Interest Rate
5.81%
Mortgage Type
Purchase Money Mortgage
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
Tidwell Christopher $170,000 Diversified National Title
Tidwell Christopher $170,000 Diversified National Title
Wells Fargo Bank Na $129,596 None Available
Underwood Deliah $49,000 Midstate Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tidwell Christopher $173,655
Previous Owner Underwood Deliah $41,650
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/23/2023 10/23/23 Sold $170,000 +0.3% $109 / Sq Ft
09/06/2023 09/06/23 Pending -- -- --
08/28/2023 08/28/23 For Sale $169,500 -- $108 / 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 $3,620 $56,600 $4,600 $52,000
2024 $28 $53,300 $4,600 $48,700
2023 $2,511 $45,300 $4,600 $40,700
2022 $2,302 $39,400 $3,700 $35,700
2021 $2,249 $35,300 $5,400 $29,900
2020 $2,232 $32,800 $5,400 $27,400
2019 $2,150 $29,100 $5,400 $23,700
2018 $2,044 $25,600 $5,400 $20,200
2017 $1,965 $25,600 $5,400 $20,200
2016 $1,887 $25,200 $5,400 $19,800
2015 $1,887 $24,100 $10,800 $13,300
2014 $1,887 $23,600 $12,500 $11,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 275583

Greater Lansing Association of Realtors®

APN: 01-01-16-354-051