NOT LISTED FOR SALE

507 N Sycamore St Lansing, MI 48933

Downtown Lansing Neighborhood

Estimated Value: $121,220 - $147,000

-- Bed
1 Bath
1,835 Sq Ft
$76/Sq Ft Est. Value

Last Sold August 17, 2020

Last sale price $69,625 $38 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $725/month

6 Days on Market

Highlights

  • Covered patio or porch
  • Wood Siding
  • 4-minute walk to Ferris Park
  • Forced Air Heating System

About This Home

As of August 2020

Near L.C.C. and downtown Lansing. Rents shown are most recent rent received by seller. Property now vacant, for easy showings.

Last Agent to Sell the Property

Adriane Lau

RE/MAX Real Estate Professionals License #6502356510 Listed on: 06/16/2020

RE/MAX Real Estate Professionals

Co-Listed By

Steve Osmar

RE/MAX Real Estate Professionals License #6502128993

Last Buyer's Agent

Youa Hang

EXIT Realty Home Partners License #6501393728

EXIT Realty Home Partners

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1895

Lot Details

  • 5,401 Sq Ft Lot
  • Lot Dimensions are 33x163.68

Home Design

  • Wood Siding

Interior Spaces

  • 1,835 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Parking

  • 4 Parking Spaces
  • No Garage

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 $17,100

Community Details

Overview

  • 2 Units

Building Details

  • Water Sewer Expense $1,260
  • New Taxes Expense $3,652

Property Details

Home Type

Multi-Family

Year Built

Built in 1895

Lot Details

0

Listing Details

  • Gross Rent: 17100.0
  • Water Sewer Expenses: 1260.0
  • Tax Year: 2019
  • Levels: Two
  • Year Built: 1895
  • Lot Size Acres: 0.12
  • Lot Size: 33x163.68
  • Co List Office Mls Id: 894
  • Co List Office Phone: 517-339-8255
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 1835.0
  • General Property Info:Lot Size Dimensions: 33x163.68
  • General Property Info:Above Grade Finished Area: 1835.0
  • Levels:Two2: Yes
  • Sewer:Public Sewer: Yes
  • Exterior:Wood Siding: Yes
  • Tax Info:Taxes2: 3652.0
  • Tax Info:Zoning3: Residential
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:Building 1 Description: Two Unit Duplex
  • General Property Info:_pound_ of Units: 2
  • Annual Inc Expense:Tax Expense2: 3652.0
  • 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

  • Patio And Porch Features: Covered
  • Construction Type: Wood Siding
  • Patio Porch Features:Covered: Yes

Garage/Parking

  • Parking Features: No Garage, Joint
  • Attached Garage: No
  • Parking Features:No Garage: Yes
  • General Property Info:Parking Total: 4

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: 5401.44
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2020
Closed on
Aug 4, 2020
Sold by
Holland Reit Advisors Llc
Bought by
Guni Properties Llc
Seller's Agent
Adriane Lau
RE/MAX Real Estate Professionals
Buyer's Agent
Youa Hang
EXIT Realty Home Partners
List Price
$69,900
Sold Price
$69,625
Premium/Discount to List
-$275
-0.39%
Current Estimated Value
$130,741

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,116
Avg. Annual Appreciation
15.30%

Purchase Details

Closed on
Oct 23, 2017
Sold by
Wolf Richard L
Bought by
Holland Reit Advisors Llc

Purchase Details

Closed on
Jun 28, 2002
Sold by
Whitmore Jack E and Whitmore Janet M
Bought by
Soulliere Steve T

Purchase Details

Closed on
Mar 1, 1994
Sold by
Whitmore Jack and Whitmore Janet
Bought by
Grossman John

Purchase Details

Closed on
Jun 1, 1993
Sold by
Fehrencach Donald J and Fehrencach Judith A
Bought by
Whitmore Jack E and Whitmore Janet M
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
Guni Properties Llc $69,625 Ata National Title Group Llc
Holland Reit Advisors Llc $30,000 Bell Title
Soulliere Steve T $32,500 --
Grossman John $30,000 --
Whitmore Jack E $21,500 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/10/2025 02/10/25 Off Market $975 -- --
01/30/2025 01/30/25 For Rent -- -- --
10/08/2024 10/08/24 Off Market $975 -- --
05/23/2024 05/23/24 For Rent $975 0.0% --
08/17/2020 08/17/20 Sold $69,625 -0.4% $38 / Sq Ft
06/16/2020 06/16/20 For Sale $69,900 -- $38 / 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 $41 $66,000 $4,100 $61,900
2023 $4,656 $59,300 $4,100 $55,200
2022 $4,254 $53,100 $4,500 $48,600
2021 $4,155 $51,000 $5,800 $45,200
2020 $3,911 $47,600 $5,800 $41,800
2019 $6,788 $43,100 $5,800 $37,300
2018 $3,868 $40,200 $5,800 $34,400
2017 $5,129 $40,200 $5,800 $34,400
2016 $2,901 $39,500 $5,800 $33,700
2015 $2,901 $38,300 $11,504 $26,796
2014 $2,901 $37,700 $17,000 $20,700
Source: Public Records

Agents Affiliated with this Home

  • Adriane Lau

    Seller's Agent in 2020

    Adriane Lau

    RE/MAX Michigan

    (517) 881-5182

    3 in this area

    332 Total Sales

    Section Image
  • Steve Osmar

    Seller Co-Listing Agent in 2020

    Steve Osmar

    RE/MAX Michigan

    (517) 896-7585

    2 in this area

    85 Total Sales

    Section Image
  • Youa Hang

    Buyer's Agent in 2020

    Youa Hang

    EXIT Realty Home Partners

    (517) 402-0837

    1 in this area

    33 Total Sales

    Section Image
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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 246909

Greater Lansing Association of Realtors®

APN: 01-01-16-105-091

Michigan Ingham County Lansing 48915 Downtown Lansing

507 N Sycamore St, Lansing, MI

This home is located at 507 N Sycamore St, Lansing, MI 48933 since 16 June 2020 and is currently estimated at $138,555, approximately $75 per square foot. This property was built in 1895. 507 N Sycamore St is a home located in Ingham County with nearby schools including Riddle Elementary School, Pattengill Academy, and J.W. Sexton High School.

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