NOT LISTED FOR SALE

5120 Dorene Dr Lansing, MI 48917

Estimated Value: $159,218 - $230,000

2 Beds
3 Baths
1,728 Sq Ft
$122/Sq Ft Est. Value

Last Sold February 12, 2021

Last sale price $169,000 $98 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $1,501/month

8 Days on Market

About This Home

As of February 2021

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 with newer decks (2018). 5122 has a new furnace/AC (2019), 5120 has newer front windows. Solid rental history! This unit won't last long! Schedule your showing today!

Last Agent to Sell the Property

Patty Toth

RE/MAX Real Estate Professionals License #6501375761 Listed on: 11/16/2020

RE/MAX Real Estate Professionals

Last Buyer's Agent

Gabriel Lopez

Trubrook, LLC License #6501290002

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,624

Year Built

  • Built in 1970

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 85x117

Parking

  • 4 Parking Spaces

Home Design

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

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
  • Cable TV Available

Listing and Financial Details

  • Total Actual Rent $20,000

Community Details

Overview

  • 2 Units
  • Dornet Subdivision

Building Details

  • Insurance Expense $1,552
  • Manager Expense $1,075
  • New Taxes Expense $3,588

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,624

Year Built

Built in 1970

Lot Details

10,019 Sq Ft Lot

Listing Details

  • Gross Rent: 20000.0
  • Tax Year: 2020
  • Year Built: 1970
  • Lot Size Acres: 0.23
  • Lot Size: 85x117
  • Professional Management Expense: 1075.0
  • Subdivision Name: Dornet
  • Above Grade Finished Sq Ft: 1728.0
  • Architectural Style: Bi-Level
  • General Property Info:Lot Size Dimensions: 85x117
  • General Property Info:Above Grade Finished Area: 1728.0
  • Exterior:Aluminum Siding: Yes
  • Sewer:Public Sewer: Yes
  • Utilities:Cable Available: Yes
  • Roof:Shingle: Yes
  • Security Features:Smoke Detector(s): Yes
  • Architectural Style:Bi-Level: Yes
  • Tax Info:Taxes2: 3624.0
  • Tax Info:Zoning3: Residential
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:Building 1 Description: 5120-5122
  • General Property Info:_pound_ of Units: 2
  • Annual Inc Expense:Insurance4: 1552.0
  • Annual Inc Expense:Tax Expense2: 3588.0
  • Annual Inc Expense:Management3: 1075.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Egress Windows, Full
  • Heating: Forced Air, Natural Gas
  • Property Type: Resid/Multi-Family
  • Full Basement: 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: 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: 10018.8
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2
  • Insurance Expense: 1552.0

Tax Info

  • New Taxes Expense: 3588.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 16, 2020
Closed on
Feb 12, 2021
Sold by
Geert D Muider & Sons Inc
Bought by
Ouderkirk Ryan
Seller's Agent
Patty Toth
RE/MAX Real Estate Professionals
Buyer's Agent
Gabriel Lopez
Trubrook, LLC
List Price
$165,000
Sold Price
$169,000
Premium/Discount to List
$4,000
2.42%
Current Estimated Value
$210,555

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,555
Avg. Annual Appreciation
4.49%
Original Mortgage
$134,400
Outstanding Balance
$120,206
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$90,349
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ouderkirk Ryan $169,000 Ata National Title Group Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ouderkirk Ryan $134,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/12/2021 02/12/21 Sold $169,000 +2.4% $98 / Sq Ft
11/24/2020 11/24/20 Pending -- -- --
11/16/2020 11/16/20 For Sale $165,000 -- $95 / Sq Ft
Source: Greater Lansing Association of Realtors®

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 $4,992 $99,900 $0 $0
2024 $2,726 $88,300 $0 $0
2023 $2,596 $82,600 $0 $0
2022 $4,387 $72,200 $0 $0
2021 $3,658 $65,000 $0 $0
2020 $3,639 $62,400 $0 $0
2019 $3,588 $117,489 $0 $0
2018 $3,500 $58,600 $0 $0
2017 $3,427 $58,600 $0 $0
2016 -- $56,700 $0 $0
2015 -- $56,700 $0 $0
2014 -- $54,400 $0 $0
2013 -- $55,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Patty Toth

    Seller's Agent in 2021

    Patty Toth

    RE/MAX Michigan

    (517) 898-1822

    21 in this area

    103 Total Sales

    Patty Toth
    Section Image
  • Gabriel Lopez

    Buyer's Agent in 2021

    Gabriel Lopez

    Trubrook, LLC

    (517) 974-1291

    2 in this area

    99 Total Sales

    Gabriel Lopez
    Section Image
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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 251473

Greater Lansing Association of Realtors®

APN: 040-047-300-571-00

Michigan Eaton County Lansing 48917

5120 Dorene Dr, Lansing, MI

Not Listed for Sale

MultiFamily

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