NOT LISTED FOR SALE

507 W Barnes Ave Lansing, MI 48910

Moores Park Neighborhood

Estimated Value: $124,000 - $184,501

-- Bed
-- Bath
2,530 Sq Ft
$59/Sq Ft Est. Value

Last Sold September 14, 2012

Last sale price $30,000 $12 Per Sq Ft

Est. 395% increase in value since last sale

Current estimated payment $826/month

322 Days on Market

About This Home

As of September 2012

Good size duplex with owner occupied possibilities. Nice parking area as well. Built in 1923, this SW Lansing area duplex is unlike many in that it was orginally built as a duplex, not converted like so many making the floor plan vyer functional. The utilities are separated for each unit. Each side offers 1,265 sf and features 3 BR, 1 bath. Plenty of parking. Lots of SF, great income opportunity at this price. Being offered as a short sale. All offers are subject to lender approval and are considered on 1st come, 1st served basis.

Last Listed By

Peter MacIntyre

RE/MAX Real Estate Professionals, Inc. Grand River License #6506040989 Listed on: 09/01/2011

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 5,227

Home Design

  • Vinyl Siding

Interior Spaces

  • 2,530 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector

Parking

  • 6 Parking Spaces
  • No Garage

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Cable TV Available

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Tax Year: 10
  • Levels: Two
  • Year Built: 1923
  • Above Grade Finished Sq Ft: 2530.0
  • General Property Info:Above Grade Finished Area: 2530.0
  • Levels:Two2: Yes
  • Sewer:Public Sewer: Yes
  • Utilities:Cable Available: Yes
  • Security Features:Smoke Detector(s): Yes
  • Exterior:Vinyl Siding: Yes
  • Tax Info:Taxes2: 3216.0
  • Tax Info:Zoning3: Residential
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:_pound_ of Units: 2
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Heating: Forced Air, Natural Gas
  • Property Type: Resid/Multi-Family
  • Full Basement: Yes

Exterior Features

  • Construction Type: Vinyl Siding

Garage/Parking

  • Parking Features: No Garage
  • Attached Garage: No
  • Parking Features:No Garage: Yes
  • General Property Info:Parking Total: 6

Utilities

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 15, 2018
Sold by
Howard Latanya
Bought by
Okubanjo Olufemi O and Okubanjo Yewande A
Total Days on Market
322
Current Estimated Value
$148,375

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,750
Outstanding Balance
$48,308
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$100,067

Purchase Details

Listed on
Sep 1, 2011
Closed on
Sep 14, 2012
Sold by
Odunuga Abraham A and Odunuga Mary E
Bought by
Howard Latanya
Seller's Agent
Peter MacIntyre
RE/MAX Real Estate Professionals, Inc. Grand River
Buyer's Agent
Peter MacIntyre
RE/MAX Real Estate Professionals
List Price
$55,000
Sold Price
$30,000
Premium/Discount to List
-$25,000
-45.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.44%

Purchase Details

Closed on
Oct 29, 2002
Sold by
Odunuga Lola D and Odunuga Abraham
Bought by
Odunuga Abraham A and Odunuga Mary E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
6.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 3, 2001
Sold by
Pushman Dale M and Pushman Patricia
Bought by
Odunuga Lola D and Odunuga Abraham

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,500
Interest Rate
7.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 18, 1999
Sold by
Lake Carol Joy and Hunt Carol Joy
Bought by
Pushman Dale M and Pushman Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,170
Interest Rate
6.83%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 1, 1994

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
Okubanjo Olufemi O $77,000 None Available
Howard Latanya $30,000 None Available
Odunuga Abraham A -- Michigan Title Company
Odunuga Lola D $77,250 --
Pushman Dale M $67,700 Metropolitan Title Company
-- $60,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Okubanjo Olufemi O $57,750
Previous Owner Odunuduga Abraham A $91,000
Previous Owner Odunuga Abraham A $75,000
Previous Owner Odunuga Lola D $69,500
Previous Owner Pushman Dale M $58,170
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2012 09/14/12 Sold $30,000 -45.5% $12 / Sq Ft
07/19/2012 07/19/12 Pending -- -- --
09/01/2011 09/01/11 For Sale $55,000 -- $22 / 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 $33 $62,100 $4,500 $57,600
2023 $3,855 $54,000 $4,500 $49,500
2022 $3,145 $49,900 $6,400 $43,500
2021 $3,076 $46,000 $5,100 $40,900
2020 $3,054 $44,400 $5,100 $39,300
2019 $2,915 $40,400 $5,100 $35,300
2018 $2,972 $38,500 $5,100 $33,400
2017 $2,859 $38,500 $5,100 $33,400
2016 $2,772 $37,800 $5,100 $32,700
2015 $2,772 $36,100 $10,204 $25,896
2014 $2,772 $35,900 $5,952 $29,948
Source: Public Records

Agents Affiliated with this Home

  • Peter MacIntyre

    Buyer's Agent in 2012

    Peter MacIntyre

    RE/MAX Michigan

    (517) 256-6664

    9 in this area

    491 Total Sales

    Peter MacIntyre
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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 29622

Greater Lansing Association of Realtors®

APN: 01-01-21-357-151

Michigan Ingham County Lansing 48910 Moores Park

507 W Barnes Ave, Lansing, MI

Homes for Sale in Lansing, MI

This home is located at 507 W Barnes Ave, Lansing, MI 48910 since 01 September 2011 and is currently estimated at $148,375, approximately $58 per square foot. This property was built in 1923. 507 W Barnes Ave is a home located in Ingham County with nearby schools including Averill New Tech Elementary School, Pattengill Academy, and J.W. Sexton High School.

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