NOT LISTED FOR SALE

4841 Ardmore Ave Okemos, MI 48864

Estimated Value: $263,608 - $300,000

2 Beds
1 Bath
1,836 Sq Ft
$153/Sq Ft Est. Value

Last Sold December 07, 2020

Last sale price $205,000 $112 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $2,048/month

25 Days on Market

Highlights

  • Ranch Style House
  • 2 Car Detached Garage
  • Wood Siding
  • Bennett Woods Elementary School Rated A
  • Forced Air Heating System

About This Home

As of December 2020

Investors Dream At The Right Price The Right Time In The Right Location. This is your chance to start or expand your investments. This 2 bedroom 1 bath duplex is ready to start making you money now.

Last Agent to Sell the Property

Jeffrey Strickling

Keller Williams Realty Lansing License #6501407684 Listed on: 10/02/2020

Keller Williams Realty Lansing

Last Buyer's Agent

Chad Dutcher

RE/MAX Real Estate Professionals License #6506041503

RE/MAX Real Estate Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,429

Year Built

  • Built in 1950

Lot Details

  • 0.4 Acre Lot
  • Lot Dimensions are 121 x 180

Parking

  • 2 Car Detached Garage

Home Design

  • Duplex
  • Ranch Style House
  • Shingle Roof
  • Wood Siding
  • Aluminum Siding

Interior Spaces

  • 1,836 Sq Ft Home
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector

Utilities

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

Listing and Financial Details

  • Total Actual Rent $20,880

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $863
  • Other Expense $802
  • New Taxes Expense $4,429
  • Net Operating Income $14,786

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,429

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Gross Rent: 20880.0
  • Miscellaneous: 802.0
  • Net Income: 14786.0
  • Tax Year: 2020
  • Levels: One
  • Year Built: 1950
  • Lot Size Acres: 0.4
  • Lot Size: 121 x 180
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 1836.0
  • Architectural Style: Ranch
  • General Property Info:Lot Size Dimensions: 121 x 180
  • General Property Info:Above Grade Finished Area: 1836.0
  • Exterior:Aluminum Siding: Yes
  • Sewer:Public Sewer: Yes
  • Roof:Shingle: Yes
  • Security Features:Smoke Detector(s): Yes
  • Levels:One: Yes
  • Architectural Style:Ranch: Yes
  • Exterior:Wood Siding: Yes
  • Tax Info:Taxes2: 4429.06
  • Tax Info:Zoning3: Residential
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:Building 1 Description: Duplex
  • General Property Info:_pound_ of Units: 2
  • Annual Inc Expense:Insurance4: 863.0
  • Annual Inc Expense:Tax Expense2: 4429.0
  • 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: Aluminum Siding, Wood Siding

Garage/Parking

  • Parking Features: Asphalt, Detached
  • Attached Garage: No
  • Parking Features:Asphalt2: Yes
  • Parking Features:Detached: Yes
  • General Property Info:Parking Total: 2

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Schools

  • Junior High Dist: Okemos

Lot Info

  • Lot Size Sq Ft: 17206.2
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2020
Closed on
Dec 7, 2020
Sold by
Thomson Jason
Bought by
Simons Matthew E
Seller's Agent
Jeffrey Strickling
Keller Williams Realty Lansing
Buyer's Agent
Chad Dutcher
RE/MAX Real Estate Professionals
List Price
$224,900
Sold Price
$205,000
Premium/Discount to List
-$19,900
-8.85%
Current Estimated Value
$281,402

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,402
Avg. Annual Appreciation
6.40%
Original Mortgage
$164,000
Outstanding Balance
$147,996
Interest Rate
3.49%
Mortgage Type
New Conventional
Estimated Equity
$133,406

Purchase Details

Closed on
Dec 30, 2005
Sold by
Murley David E and Hubbard Sarah
Bought by
Thomson Jason

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
8.3%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 20, 1997
Sold by
Bass Samuel T and Bass Jane O
Bought by
Murley David E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Simons Matthew E $205,000 Select Title Partners
Thomson Jason $160,000 Devon Title
Murley David E $125,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Simons Matthew E $164,000
Previous Owner Thomson Jason $160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/07/2020 12/07/20 Sold $205,000 -4.9% $112 / Sq Ft
10/13/2020 10/13/20 Price Changed $215,500 -4.2% $117 / Sq Ft
10/02/2020 10/02/20 For Sale $224,900 -- $122 / 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 $6,925 $140,700 $39,600 $101,100
2024 $31 $128,100 $37,300 $90,800
2023 $6,516 $117,700 $37,000 $80,700
2022 $6,369 $103,300 $34,200 $69,100
2021 $6,077 $99,200 $31,000 $68,200
2020 $4,510 $93,900 $31,000 $62,900
2019 $4,374 $89,500 $31,000 $58,500
2018 $4,165 $81,600 $25,300 $56,300
2017 $4,001 $82,000 $26,200 $55,800
2016 $1,825 $78,800 $25,900 $52,900
2015 $1,825 $76,000 $53,545 $22,455
2014 $1,825 $69,500 $50,697 $18,803
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Greater Lansing Association of Realtors®

MLS Number: 250308

Greater Lansing Association of Realtors®

APN: 02-02-21-253-039