NOT LISTED FOR SALE

511 N Sycamore St Lansing, MI 48933

Downtown Lansing Neighborhood

Estimated Value: $95,000 - $122,000

3 Beds
1 Bath
1,020 Sq Ft
$106/Sq Ft Est. Value

Last Sold May 06, 2024

Last sale price $102,500 $100 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $600/month

5 Days on Market

Highlights

  • City View
  • Main Floor Primary Bedroom
  • Living Room
  • Wood Flooring
  • 1 Car Detached Garage
  • 4-minute walk to Ferris Park

About This Home

As of May 2024

ALL OFFERS DUE Tuesday, April 9, 2024 by 1:00 pm. Welcome to 511 N. Sycamore Street, check out this Income Property, nestled in the heart of downtown Lansing! This One and 1/2 story home features 3 bedrooms, 1 bath, hardwood floors, plenty of natural light, and detached garage. Great downtown location, all while providing a steady stream of rental income with current tenants in place. Please call today to schedule a private tour.

Last Agent to Sell the Property

AnnaMarie Johnson

Dee's Mission Realty LLC License #6501399744 Listed on: 04/05/2024

Last Buyer's Agent

Sheri Gallimore

RE/MAX Real Estate Professionals License #6506042810

RE/MAX Real Estate Professionals

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,562

Year Built

  • Built in 1906

Lot Details

  • 5,227 Sq Ft Lot
  • Back Yard Fenced

Parking

  • 1 Car Detached Garage

Home Design

  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,020 Sq Ft Home
  • 1.5-Story Property
  • Living Room
  • Dining Room
  • Wood Flooring
  • City Views
  • Fire and Smoke Detector
  • Range
  • Washer and Dryer

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • 1 Full Bathroom

Basement

  • Partial Basement
  • Laundry in Basement

Location

  • City Lot

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,562

Year Built

Built in 1906

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Bedroom 2 Level: Second
  • Dining Room Level: First
  • Living Room Level: First
  • Current Use: Rental, Investment
  • Tax Year: 2023
  • Levels: One and One Half
  • Parking Features Garage Spaces: 1.0
  • Year Built: 1906
  • Lot Size Acres: 0.12
  • Lot Size: 33*163.68
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 1020.0
  • Living Area: 1020.0
  • General Property Info:Lot Size Dimensions: 33*163.68
  • General Property Info:Above Grade Finished Area: 1020.0
  • General Property Info:Total Livable Area: 1020.0
  • Baths:_pound_Full Baths 1: 1
  • Rooms:Dining Room2: Yes
  • Rooms:Living Room2: Yes
  • Primary Bedroom Level: First
  • Location Legal Info:Real Estate Owned: No
  • Appliances Refrigerators: Yes
  • Laundry Features:In Basement: Yes
  • Sewer:Public Sewer: Yes
  • Roof:Shingle: Yes
  • Security Features:Smoke Detector(s): Yes
  • Fencing:Back Yard: Yes
  • Levels:One and One Half: Yes
  • Exterior:Vinyl Siding: Yes
  • Flooring:Hardwood: Yes
  • Cooling:None8: Yes
  • View:City4: Yes
  • Tax Info:Zoning3: Residential
  • General Property Info:Building Area Total SqFt: 1284.0
  • Special Features: None

Interior Features

  • Basement: Partial
  • Heating: Forced Air, Natural Gas
  • Flooring: Hardwood
  • Total Bedrooms: 3
  • Room: 6
  • Property Type: Residential
  • Full Bathrooms: 1
  • Appliances:Gas Water Heater: Yes
  • Appliances Range: Yes
  • Basement:Partial: Yes
  • Appliances:WasherDryer: Yes

Exterior Features

  • Roof: Shingle
  • Fencing: Back Yard
  • Lot Features: Back Yard, City Lot
  • View: City
  • Home Warranty: No
  • Construction Type: Vinyl Siding
  • Lot Features:Back Yard2: Yes
  • Lot Features:City Lot: Yes

Garage/Parking

  • Parking Features: Detached
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features:Detached: Yes

Utilities

  • Sewer: Public Sewer
  • Appliances: Gas Water Heater, Washer/Dryer, Refrigerator, Range
  • Cooling: None
  • LaundryFeatures: In Basement
  • SecurityFeatures: Smoke Detector(s)
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Sq Ft: 5227.2
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2562.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2024
Closed on
May 3, 2024
Sold by
Schraft Jonathan
Bought by
Edison Finley Llc
Seller's Agent
AnnaMarie Johnson
Dee's Mission Realty LLC
Buyer's Agent
Sheri Gallimore
RE/MAX Real Estate Professionals
List Price
$90,000
Sold Price
$102,500
Premium/Discount to List
$12,500
13.89%
Views
42
Current Estimated Value
$108,345

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,845
Avg. Annual Appreciation
1.86%
Original Mortgage
$76,875
Outstanding Balance
$76,136
Interest Rate
6.82%
Mortgage Type
Credit Line Revolving
Estimated Equity
$28,758

Purchase Details

Listed on
Apr 30, 2018
Closed on
Jul 28, 2018
Sold by
Nguyen Hoanh and Nguyen Nhanh
Bought by
Schraft Jonathan
Seller's Agent
Dale Huber
DS Huber Real Estate Group LLC
Buyer's Agent
AnnaMarie Johnson
Dee's Mission Realty LLC
List Price
$54,900
Sold Price
$47,000
Premium/Discount to List
-$7,900
-14.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.47%
Original Mortgage
$37,600
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 28, 2007
Sold by
Wolfrom Kevin and Wolfrom Christina
Bought by
Fifth Third Bank Western Michigan

Purchase Details

Closed on
Feb 12, 2004
Sold by
Capitol Invest Llc
Bought by
Wolfrom Kevin and Tamburino Wolfrom Christina

Purchase Details

Closed on
Jun 5, 2001
Sold by
Hassouna Makzum and Hassouna Jane A
Bought by
Capitol Invest Llc

Purchase Details

Closed on
Jun 29, 1999
Sold by
Capitol Invest
Bought by
Capitol Invest Llc

Purchase Details

Closed on
Apr 30, 1998
Sold by
Hassouna Maksum and Hassouna Jane
Bought by
Capitol Invest L.L.C.
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
Edison Finley Llc $102,500 Transnation Title
Schraft Jonathan $47,000 Liberty Title
Fifth Third Bank Western Michigan $97,306 None Available
Wolfrom Kevin $41,000 --
Capitol Invest Llc $35,000 First American Title Ins Co
Capitol Invest Llc -- --
Capitol Invest L.L.C. $172,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Edison Finley Llc $76,875
Previous Owner Schraft Jonathan $37,600
Previous Owner Nguyen Hoanh $30,800
Previous Owner Wolfrom Kevin $104,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2024 05/06/24 Sold $102,500 +13.9% $100 / Sq Ft
04/10/2024 04/10/24 Pending -- -- --
04/05/2024 04/05/24 For Sale $90,000 +91.5% $88 / Sq Ft
07/30/2018 07/30/18 Sold $47,000 -5.8% $46 / Sq Ft
11/21/2017 11/21/17 Price Changed $49,900 -9.1% $49 / Sq Ft
10/25/2017 10/25/17 For Sale $54,900 -- $54 / 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 $25 $44,000 $4,100 $39,900
2023 $2,485 $39,700 $4,100 $35,600
2022 $2,543 $35,800 $4,500 $31,300
2021 $2,485 $34,600 $5,800 $28,800
2020 $2,467 $32,700 $5,800 $26,900
2019 $2,369 $29,800 $5,800 $24,000
2018 $2,148 $27,900 $5,800 $22,100
2017 $2,067 $27,900 $5,800 $22,100
2016 $2,059 $27,400 $5,800 $21,600
2015 $2,059 $26,700 $11,504 $15,196
2014 $2,059 $27,300 $17,000 $10,300
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2024

    AnnaMarie Johnson

    Dee's Mission Realty LLC

    Section Image
  • Sheri Gallimore

    Buyer's Agent in 2024

    Sheri Gallimore

    RE/MAX Michigan

    (517) 712-5018

    1 in this area

    293 Total Sales

    Section Image

  • D

    Seller's Agent in 2018

    Dale Huber

    DS Huber Real Estate Group LLC

    (517) 215-6172

    1 in this area

    19 Total Sales

    Section Image

  • A

    Buyer's Agent in 2018

    AnnMarie Johnson

    Coldwell Banker Professionals-Delta

See All Agents

Map

Source: Greater Lansing Association of Realtors®

MLS Number: 279692

Greater Lansing Association of Realtors®

APN: 01-01-16-105-081

Michigan Ingham County Lansing 48915 Downtown Lansing

511 N Sycamore St, Lansing, MI

This home is located at 511 N Sycamore St, Lansing, MI 48933 since 05 April 2024 and is currently estimated at $108,345, approximately $106 per square foot. This property was built in 1906. 511 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.

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.

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