Seller's Agent in 2017
Mike Kevern
Coldwell Banker Professionals-Delta
(517) 881-8642
1 in this area
15 Total Sales
5097 Wardcliff Dr East Lansing, MI 48823
Estimated Value: $324,000 - $405,000
4
Beds
5
Baths
2,324
Sq Ft
$157/Sq Ft
Est. Value
Highlights
- Cape Cod Architecture
- Forced Air Heating System
- Hot Water Heating System
- Bennett Woods Elementary School Rated A
About This Home
As of April 2017Great opportunity for an owner occupied income property, let the tenants pay your payment. 2 of the 3 units are licensed. 70% homestead. 2 of the units are vacant.
Last Agent to Sell the Property
Coldwell Banker Professionals-Delta License #6502353065 Listed on: 12/16/2016
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,363
Year Built
- Built in 1963
Lot Details
- 0.29 Acre Lot
- Lot Dimensions are 87x147
Home Design
- Cape Cod Architecture
- Brick Exterior Construction
- Aluminum Siding
Interior Spaces
- 5 Bathrooms
- 2,324 Sq Ft Home
- 2-Story Property
- Partially Finished Basement
- Basement Fills Entire Space Under The House
Parking
- 6 Parking Spaces
- No Driveway
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Hot Water Heating System
- Gas Water Heater
Listing and Financial Details
- Total Actual Rent $30,000
Community Details
Overview
- 3 Units
Building Details
- Insurance Expense $1,400
- New Taxes Expense $4,500
- Operating Expense $5,900
- Net Operating Income $24,100
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 22, 2022
Sold by
Justin Mckinstry
Bought by
Lum Jonathan
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Outstanding Balance
$204,131
Interest Rate
2.77%
Mortgage Type
New Conventional
Estimated Equity
$161,526
Purchase Details
Listed on
Dec 16, 2016
Closed on
Apr 22, 2017
Sold by
The Ruth Pecic Trust
Bought by
Mckinstry Justin and Mckinstry Jennifer
Seller's Agent
Mike Kevern
Coldwell Banker Professionals-Delta
Buyer's Agent
Liz Horford
RE/MAX Real Estate Professionals
List Price
$224,900
Sold Price
$222,000
Premium/Discount to List
-$2,900
-1.29%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.10%
Original Mortgage
$166,500
Interest Rate
4.3%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 15, 2002
Sold by
Pecic Ruth R
Bought by
Pecic Ruth R and Ruth Pecic Trust
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lum Jonathan | $320,000 | None Listed On Document | |
| Mckinstry Justin | $222,000 | Tri County Title Agency Llc | |
| Pecic Ruth R | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Lum Jonathan | $256,000 | |
| Previous Owner | Mckinstry Justin | $166,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/25/2017 04/25/17 | Sold | $222,000 | -1.3% | $96 / Sq Ft |
| 03/10/2017 03/10/17 | Pending | -- | -- | -- |
| 12/16/2016 12/16/16 | For Sale | $224,900 | -- | $97 / Sq Ft |
Source: Greater Lansing Association of Realtors®
Tax History Compared to Growth
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 | $11,311 | $171,600 | $20,700 | $150,900 |
| 2024 | $52 | $163,100 | $19,800 | $143,300 |
| 2023 | $10,614 | $151,900 | $18,800 | $133,100 |
| 2022 | $5,905 | $133,200 | $16,100 | $117,100 |
| 2021 | $6,392 | $126,500 | $14,500 | $112,000 |
| 2020 | $6,274 | $120,900 | $14,500 | $106,400 |
| 2019 | $6,119 | $113,000 | $15,700 | $97,300 |
| 2018 | $5,827 | $103,900 | $16,100 | $87,800 |
| 2017 | $4,497 | $99,900 | $16,300 | $83,600 |
| 2016 | $2,035 | $95,200 | $15,300 | $79,900 |
| 2015 | $2,035 | $89,300 | $28,292 | $61,008 |
| 2014 | $2,035 | $81,700 | $24,417 | $57,283 |
Source: Public Records
Agents Affiliated with this Home
-
Mike Kevern
-
Liz Horford
Buyer's Agent in 2017
Liz Horford
RE/MAX Michigan
(517) 819-4549
17 in this area
219 Total Sales
Map
Source: Greater Lansing Association of Realtors®
MLS Number: 211873
APN: 02-02-17-451-007
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