NOT LISTED FOR SALE

5111 Ivan St Lansing, MI 48917

Delta Township Neighborhood

Estimated Value: $223,000 - $244,000

2 Beds
3 Baths
1,728 Sq Ft
$135/Sq Ft Est. Value

Last Sold November 23, 2020

Last sale price $165,100 $96 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $1,685/month

3 Days on Market

Highlights

  • Covered Patio or Porch
  • Forced Air Heating System
  • High Speed Internet

About This Home

As of November 2020

Here's your next investment opportunity! Duplex is conveniently located on the west side, close to Waverly schools and shopping! Both units are spacious bi-levels with 3 bedrooms/1.5 baths, newer windows and decks in both units. 5113 is completely updated with new carpeting, flooring, kitchen, appliances and so much more! Schedule your showing today!

Last Agent to Sell the Property

Patty Toth

RE/MAX Real Estate Professionals License #6501375761 Listed on: 10/22/2020

RE/MAX Real Estate Professionals

Last Buyer's Agent

Richard Williams

Keller Williams Realty Lansing License #6506042035

Keller Williams Realty Lansing

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,615

Year Built

  • Built in 1970

Lot Details

  • 9,932 Sq Ft Lot
  • Lot Dimensions are 84x118

Parking

  • 4 Parking Spaces

Home Design

  • 1,728 Sq Ft Home
  • Bi-Level Home
  • Shingle Roof
  • Aluminum Siding

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Basement Window Egress

Outdoor Features

  • Covered Patio or Porch

Utilities

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

Listing and Financial Details

  • Total Actual Rent $25,680

Community Details

Overview

  • 2 Units
  • Dornet Subdivision

Building Details

  • Insurance Expense $1,551
  • Maintenance Expense $2,030
  • Manager Expense $740
  • New Taxes Expense $3,579

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,615

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Gross Rent: 25680.0
  • Misc Business Info Parking Surface: CONCRETE
  • Misc Business Info Roof Type: SHINGLES
  • Tax Year: 2020
  • Year Built: 1970
  • Lot Size Acres: 0.23
  • Lot Size: 84X118
  • Professional Management Expense: 740.0
  • Subdivision Name: Dornet
  • Above Grade Finished Sq Ft: 1728.0
  • Architectural Style: Bi-Level
  • General Property Info:Lot Size Dimensions: 84X118
  • General Property Info:Above Grade Finished Area: 1728.0
  • Exterior:Aluminum Siding: Yes
  • Sewer:Public Sewer: Yes
  • Utilities:Cable Available: Yes
  • Utilities:High Speed Internet Available: Yes
  • Roof:Shingle: Yes
  • Security Features:Smoke Detector(s): Yes
  • Architectural Style:Bi-Level: Yes
  • Tax Info:Taxes2: 3615.0
  • Tax Info:Zoning3: Residential
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:Building 1 Description: 5111-5113 IVAN DRIVE
  • General Property Info:_pound_ of Units: 2
  • Annual Inc Expense:Insurance4: 1551.0
  • Annual Inc Expense:Tax Expense2: 3579.0
  • Annual Inc Expense:Maintenance3: 2030.0
  • Annual Inc Expense:Management3: 740.0
  • Misc Business Info Zoning5: RESIDENTIAL
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Egress Windows, Full, Walk-Out Access
  • Heating: Forced Air, Natural Gas
  • Property Type: Resid/Multi-Family
  • Full Basement: Yes
  • Basement:Walk-Out Access: Yes
  • Basement:Egress Windows: Yes

Exterior Features

  • Roof: Shingle
  • Patio And Porch Features: Covered
  • Construction Type: Aluminum Siding
  • Patio Porch Features:Covered: Yes

Garage/Parking

  • Total Parking Spaces: 4.0
  • Misc Business Info:_pound_ Parking: 4
  • General Property Info:Parking Total: 4

Utilities

  • Sewer: Public Sewer
  • Appliances: Gas Water Heater
  • SecurityFeatures: Smoke Detector(s)
  • Utilities: High Speed Internet Available, Cable Available
  • Water Source: Public
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Schools

  • Junior High Dist: Waverly

Lot Info

  • Lot Size Sq Ft: 9931.68
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2
  • Insurance Expense: 1551.0
  • Maintenance Expense: 2030.0

Tax Info

  • New Taxes Expense: 3579.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2020
Closed on
Nov 30, 2020
Sold by
Geert D Mulder & Sons Inc
Bought by
Kaur Param Jit
Seller's Agent
Patty Toth
RE/MAX Real Estate Professionals
Buyer's Agent
Richard Williams
Keller Williams Realty Lansing
List Price
$160,000
Sold Price
$165,100
Premium/Discount to List
$5,100
3.19%
Current Estimated Value
$233,285

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,185
Avg. Annual Appreciation
6.42%
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
Kaur Param Jit $165,100 Ata National Title Group Llc
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/23/2020 11/23/20 Sold $165,100 +3.2% $96 / Sq Ft
10/25/2020 10/25/20 Pending -- -- --
10/22/2020 10/22/20 For Sale $160,000 -- $93 / 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
2025 $4,969 $105,500 $0 $0
2024 $2,816 $93,800 $0 $0
2023 $2,682 $87,700 $0 $0
2022 $4,361 $82,600 $0 $0
2021 $4,186 $72,200 $0 $0
2020 $3,626 $64,800 $0 $0
2019 $3,579 $127,612 $0 $0
2018 $3,496 $60,900 $0 $0
2017 $3,431 $60,900 $0 $0
2016 -- $59,000 $0 $0
2015 -- $59,000 $0 $0
2014 -- $56,600 $0 $0
2013 -- $58,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Patty Toth

    Seller's Agent in 2020

    Patty Toth

    RE/MAX Michigan

    (517) 898-1822

    24 in this area

    103 Total Sales

    Patty Toth
    Section Image

  • R

    Buyer's Agent in 2020

    Richard Williams

    Keller Williams Realty Lansing

    Section Image
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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 250873

Greater Lansing Association of Realtors®

APN: 040-047-300-611-00

Michigan Eaton County Lansing 48917 Delta Township

5111 Ivan St, Lansing, MI

This home is located at 5111 Ivan St, Lansing, MI 48917 since 22 October 2020 and is currently estimated at $233,285, approximately $135 per square foot. This property was built in 1970. 5111 Ivan St is a home located in Eaton County with nearby schools including Waverly Senior High School, Greater Lansing Adventist School, and St. Gerard Elementary School.

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