NOT LISTED FOR SALE

4325 Gull Rd Lansing, MI 48917

Estimated Value: $225,000 - $265,000

3 Beds
2 Baths
1,824 Sq Ft
$137/Sq Ft Est. Value

Last Sold January 08, 2019

Last sale price $165,000 $90 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $1,687/month

Highlights

  • Ranch Style House
  • 6 Car Attached Garage
  • Forced Air Heating System
  • Covered Patio or Porch

About This Home

As of January 2019

Long term tenant in unit #4323; Pays $850/month less $65/month for appliances protection plan. Completely updated unit #4325 with one bedroom & 1.5 bath above with two bedrooms & 1 bath below. Newer appliances in both units. Unit #4325 could be owner occupied or rented for $1000-$1200/month. Check out this great opportunity!

Last Agent to Sell the Property

Eric Grill

Coldwell Banker Professionals-E.L. License #6501392568 Listed on: 11/21/2018

Coldwell Banker Professionals-E.L.

Last Buyer's Agent

Melissa Itsell

Coldwell Banker Professionals -Okemos License #6502383580

Coldwell Banker Professionals -Okemos

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,596

Year Built

  • Built in 1976

Lot Details

  • 0.49 Acre Lot
  • Lot Dimensions are 91x230

Parking

  • 6 Car Attached Garage

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 1,824 Sq Ft Home
  • Finished Basement
  • Walk-Out Basement

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 $1,850

Community Details

Overview

  • 2 Units
  • Lantern Subdivision

Building Details

  • Electric Expense $95
  • Other Expense $55
  • Water Sewer Expense $45
  • New Taxes Expense $3,870
  • Net Operating Income $1,850

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,596

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Gross Rent: 1850.0
  • Miscellaneous: 55.0
  • Net Income: 1850.0
  • Water Sewer Expenses: 45.0
  • Misc Business Info Construction Type: residential
  • Misc Business Info Parking Surface: concrete
  • Misc Business Info Roof Type: asphalt
  • Tax Year: 2017
  • Misc Business Info Overall Building Siz: 1824
  • Levels: One
  • Year Built: 1976
  • Lot Size Acres: 0.49
  • Lot Size: 91X230
  • Subdivision Name: Lantern
  • Above Grade Finished Sq Ft: 1824.0
  • Architectural Style: Ranch
  • General Property Info:Lot Size Dimensions: 91X230
  • General Property Info:Above Grade Finished Area: 1824.0
  • Exterior:Aluminum Siding: Yes
  • Sewer:Public Sewer: Yes
  • Roof:Shingle: Yes
  • Levels:One: Yes
  • Architectural Style:Ranch: Yes
  • Exterior:Brick: Yes
  • Percent Basement Finished: Yes
  • Tax Info:Taxes2: 3596.0
  • Tax Info:Zoning3: Residential
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:Building 1 Description: RANCH
  • General Property Info:_pound_ of Units: 2
  • Annual Inc Expense:Tax Expense2: 3870.0
  • Annual Inc Expense:Electricity5: 95.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Finished, Walk-Out Access
  • Heating: Forced Air, Natural Gas
  • Property Type: Resid/Multi-Family
  • Basement:Walk-Out Access: Yes

Exterior Features

  • Roof: Shingle
  • Patio And Porch Features: Covered
  • Construction Type: Aluminum Siding, Brick
  • Patio Porch Features:Covered: Yes

Garage/Parking

  • Parking Features: Attached
  • Attached Garage: Yes
  • Parking Features:Attached: Yes
  • Misc Business Info:_pound_ Parking: 6
  • General Property Info:Parking Total: 6

Utilities

  • Sewer: Public Sewer
  • 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: 21344.4
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 21, 2018
Closed on
Jan 8, 2019
Sold by
Genella Mishelle A and Genella Paul G
Bought by
Havyarimana Nehemiya and Manirabonma Beoline
Seller's Agent
Eric Grill
Coldwell Banker Professionals-E.L.
Buyer's Agent
Melissa Itsell
Coldwell Banker Professionals -Okemos
List Price
$161,900
Sold Price
$165,000
Premium/Discount to List
$3,100
1.91%
Current Estimated Value
$250,584

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,584
Avg. Annual Appreciation
6.45%
Original Mortgage
$132,000
Outstanding Balance
$116,745
Interest Rate
4.7%
Mortgage Type
New Conventional
Estimated Equity
$133,839

Purchase Details

Closed on
Jun 14, 2013
Sold by
Genella Paul G
Bought by
Genella Paul G and Genella Mishelle A
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
Havyarimana Nehemiya $165,000 Tri County Title Agency Llc
Genella Paul G -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Havyarimana Nehemiya $132,000
Previous Owner Genella Mishelle A $124,542
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/08/2019 01/08/19 Sold $165,000 +1.9% $90 / Sq Ft
11/30/2018 11/30/18 Pending -- -- --
11/21/2018 11/21/18 For Sale $161,900 -- $89 / 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 $4,228 $111,000 $0 $0
2024 $2,381 $99,400 $0 $0
2023 $2,289 $92,900 $0 $0
2022 $3,687 $85,100 $0 $0
2021 $3,561 $82,600 $0 $0
2020 $3,652 $79,200 $0 $0
2019 $3,309 $162,071 $0 $0
2018 $4,137 $70,200 $0 $0
2017 $3,596 $70,200 $0 $0
2016 -- $68,000 $0 $0
2015 -- $68,000 $0 $0
2014 -- $65,200 $0 $0
2013 -- $67,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 232256

Greater Lansing Association of Realtors®

APN: 040-061-501-230-00