NOT LISTED FOR SALE

508 Beech St Lansing, MI 48912

The Stadium District Neighborhood

Estimated Value: $156,000 - $219,520

Studio
-- Bath
2,184 Sq Ft
$88/Sq Ft Est. Value

Sale Details

Date Sold: May 3, 2018

Last sale price $126,000 $58 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $1,362 / mo

176 Days on Market

About This Home

As of May 2018

Welcome to 508 Beech St in Down town Lansing. This well maintained long term owner 4 unit generates great monthly income. All units are currently rented with separate utilities! (Owner pays the water/sewer bill, approx. $130 monthly). All 4 units are 1 bedroom units. 3 of the units have a washer and dryer and a window air conditioner. The 4th unit is smaller and does not have washer/dryer/window unit. There is plenty of parking and just 2 blocks from Lugnuts Stadium. There is a full basement for additional storage.

Last Agent to Sell the Property

Angela Averill

Coldwell Banker Professionals-Delta License #6501312624 Listed on: 09/22/2017

Last Buyer's Agent

Non Member

Non Member Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 9,409 Sq Ft Lot
  • Lot Dimensions are 108x86.33

Home Design

  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,184 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector

Parking

  • 6 Parking Spaces
  • No Garage
  • Gravel Driveway
  • Dirt Driveway

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

9,409 Sq Ft Lot

Listing Details

  • Property Type: Resid/Multi-Family
  • Year Built: 1910
  • Above Grade Finished Sq Ft: 2184.0
  • General Property Info:Lot Size Dimensions: 108x86.33
  • General Property Info:Above Grade Finished Area: 2184.0
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:_pound_ of Units: 4
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Heating: Forced Air, Natural Gas
  • Levels: Two
  • Full Basement: Yes
  • Levels:Two2: Yes

Exterior Features

  • Roof: Shingle
  • Construction Type: Vinyl Siding
  • Roof:Shingle: Yes
  • Exterior:Vinyl Siding: Yes

Garage/Parking

  • Parking Features: Dirt, Gravel, No Garage
  • Attached Garage: No
  • Parking Features:Gravel2: Yes
  • Parking Features:No Garage: Yes
  • Parking Features:Dirt3: Yes
  • General Property Info:Parking Total: 6

Utilities

  • Sewer: Public Sewer
  • Cooling: Window Unit(s)
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes
  • Sewer:Public Sewer: Yes
  • Cooling:Window Unit(s): Yes
  • Security Features:Smoke Detector(s): Yes

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Acres: 0.22
  • Lot Size: 108x86.33
  • Lot Size Sq Ft: 9408.96
  • ResoLotSizeUnits: Acres
  • Land Acreage:_one_4 thru 12 Acre: Yes

Rental Info

  • Unit Information:_pound_ Deposits: 3

Multi Family

  • Registered Licenses for Unrelated Occupants: 3

Tax Info

  • Tax Carrier Route: 1104
  • Tax Info:Taxable Value: 35575.0
  • Tax Info:State Eq Value: 36900.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 22, 2021
Sold by
Bought by
Current Estimated Value
$192,880

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,250
Outstanding Balance
$86,137
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$106,743

Purchase Details

Listed on
Sep 22, 2017
Closed on
May 10, 2018
Sold by
Bought by
Seller's Agent
Angela Averill
Coldwell Banker Professionals-Delta
Buyer's Agent
Non Member
Non Member Office
List Price
$129,900
Sold Price
$126,000
Premium/Discount to List
-$3,900
-3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.40%
Original Mortgage
$94,500
Interest Rate
4.55%

Purchase Details

Closed on
Apr 14, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,000
Interest Rate
5.46%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 26, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,422
Interest Rate
7.16%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 1, 1993
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Sun Title
-- Sun Title
$126,000 --
$149,000 Midstate
$139,500 Midstate Title Company
$6,500 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $95,250
Previous Owner $94,500
Previous Owner --
Previous Owner $111,000
Previous Owner $136,422
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/03/2018 05/03/18 Sold $126,000 -3.0% $58 / Sq Ft
03/15/2018 03/15/18 Pending -- -- --
09/20/2017 09/20/17 For Sale $129,900 -- $59 / Sq Ft
Source: Greater Lansing Association of Realtors®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,849 $77,600 $8,900 $68,700
2024 $37 $63,400 $8,900 $54,500
2023 $4,546 $58,200 $8,900 $49,300
2022 $4,170 $55,100 $6,700 $48,400
2021 $4,150 $52,900 $7,700 $45,200
2020 $4,043 $50,800 $7,700 $43,100
2019 $3,812 $45,400 $7,700 $37,700
2018 $3,110 $36,900 $7,700 $29,200
2017 $2,986 $36,900 $7,700 $29,200
2016 $2,867 $36,300 $7,700 $28,600
2015 $2,867 $35,200 $15,382 $19,818
2014 $2,867 $34,600 $15,382 $19,218
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2018

    Angela Averill

    Coldwell Banker Professionals-Delta

  • N

    Buyer's Agent in 2018

    Non Member

    Non Member Office

See All Agents

Map

Source: Greater Lansing Association of Realtors®

MLS Number: 220301

Greater Lansing Association of Realtors®

APN: 01-01-16-477-222

Michigan Ingham County Lansing 48912 The Stadium District

508 Beech St, Lansing, MI

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Greater Lansing Association of Realtors® IDX information is provided exclusively for Consumers'
personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
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