NOT LISTED FOR SALE

513 W Madison St Lansing, MI 48906

Old Forest Neighborhood

Estimated Value: $129,000 - $145,864

4 Beds
1 Bath
1,344 Sq Ft
$103/Sq Ft Est. Value

Last Sold November 17, 2021

Last sale price $110,000 $82 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $994/month

11 Days on Market

Highlights

  • 0.26 Acre Lot
  • 1 Car Detached Garage
  • Forced Air Heating and Cooling System
  • Formal Dining Room
  • Living Room
  • Ceiling Fan

About This Home

As of November 2021

Affordable and well kept beautiful two story colonial in the heart of Lansing! Within walking distance of LCC, COOLEY, OLD TOWN and LUGNUT stadium!!! Amenities include: HUGE FULLY FENCED YARD WITH TWO DOG RUNS and attached large DECK! Detached one car garage with extra wide driveway and city lot! 4 bedrooms with vinyl siding, vinyl windows and full basement! Open floor plan on the first floor with high ceilings and lots of windows! Attic access through fourth bedroom. 1000 BATHROOM CREDIT with acceptable offer. Call for your personal tour today!!!

Last Agent to Sell the Property

Daniel Bankson

RE/MAX Real Estate Professionals License #6501340692 Listed on: 09/30/2021

Last Buyer's Agent

Nicole Schuiling

Home Towne Real Estate License #6501417018

Home Towne Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,400

Year Built

  • Built in 1920

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 57.5x198
  • Fenced

Parking

  • 1 Car Detached Garage

Home Design

  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,344 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Living Room
  • Formal Dining Room

Kitchen

  • Gas Oven
  • Gas Range
  • Laminate Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Natural lighting in basement

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • High Speed Internet

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,400

Year Built

Built in 1920

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Dining Room Level: First
  • Living Room Level: First
  • Current Use: Investment
  • Tax Year: 2021
  • Levels: Two
  • Parking Features Garage Spaces: 1.0
  • Year Built: 1920
  • Lot Size Acres: 0.26
  • Lot Size: 57.5x198
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 1344.0
  • Living Area: 1344.0
  • General Property Info:Lot Size Dimensions: 57.5x198
  • General Property Info:Above Grade Finished Area: 1344.0
  • General Property Info:Total Livable Area: 1344.0
  • Baths:_pound_Full Baths 2: 1
  • Rooms:Dining Room2: Yes
  • Rooms:Living Room2: Yes
  • Primary Bedroom Level: Second
  • Levels:Two2: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Laundry Features:Inside: Yes
  • Sewer:Public Sewer: Yes
  • Utilities:High Speed Internet Available: Yes
  • Roof:Shingle: Yes
  • Cooling:Central Air: Yes
  • Exterior:Vinyl Siding: Yes
  • Improvements:Formal Dining Room: Yes
  • Fencing:Fenced: Yes
  • General Property Info:Building Area Total SqFt: 2016.0
  • Special Features: None

Interior Features

  • Basement: Daylight, Full
  • Heating: Forced Air, Natural Gas
  • Interior Amenities: Ceiling Fan(s), Laminate Counters
  • Total Bedrooms: 4
  • Property Type: Residential
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Other Level: First
  • Full Bathrooms: 1
  • Appliances:Gas Water Heater: Yes
  • Full Basement: Yes
  • Basement:Daylight: Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Appliances:Gas Range: Yes
  • Interior Features:Laminate Counters: Yes
  • Appliances:Gas Oven: Yes

Exterior Features

  • Roof: Shingle
  • Fencing: Fenced
  • Home Warranty: No
  • Construction Type: Vinyl Siding

Garage/Parking

  • Parking Features: Concrete Driveway, Detached
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features:Concrete Driveway: Yes
  • Parking Features:Detached: Yes

Utilities

  • Sewer: Public Sewer
  • Appliances: Gas Oven, Gas Water Heater, Washer, Refrigerator, Gas Range, Dryer
  • Cooling: Central Air
  • LaundryFeatures: Inside
  • Utilities: High Speed Internet Available
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Sq Ft: 11325.6
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2400.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2021
Closed on
Nov 17, 2021
Sold by
Baeza Malik
Bought by
Ballou Helen L and Rutherford Faith M
Seller's Agent
Daniel Bankson
RE/MAX Real Estate Professionals
Buyer's Agent
Nicole Schuiling
Home Towne Real Estate
List Price
$114,900
Sold Price
$110,000
Premium/Discount to List
-$4,900
-4.26%
Current Estimated Value
$139,342

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,342
Avg. Annual Appreciation
5.83%
Original Mortgage
$104,500
Outstanding Balance
$95,756
Interest Rate
2.99%
Mortgage Type
New Conventional
Estimated Equity
$42,710

Purchase Details

Listed on
May 8, 2020
Closed on
Jul 24, 2020
Sold by
West Michael
Bought by
Baeza Malik
Seller's Agent
Robin G. Ryan
Zie Realty
Buyer's Agent
Tina Batterson
Home Towne Real Estate
List Price
$114,900
Sold Price
$99,900
Premium/Discount to List
-$15,000
-13.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.57%
Original Mortgage
$98,090
Interest Rate
3.1%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 31, 2004
Sold by
Qayyum Yasmin U
Bought by
West Michael A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,500
Interest Rate
5.78%
Mortgage Type
VA
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
Ballou Helen L $110,000 None Available
Baeza Malik $99,900 None Available
West Michael A $85,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ballou Helen L $104,500
Previous Owner Baeza Malik $98,090
Previous Owner West Michael A $85,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/17/2021 11/17/21 Sold $110,000 -4.3% $82 / Sq Ft
10/11/2021 10/11/21 Pending -- -- --
09/30/2021 09/30/21 For Sale $114,900 +15.0% $85 / Sq Ft
07/24/2020 07/24/20 Sold $99,900 0.0% $74 / Sq Ft View Prior Sale
03/12/2020 03/12/20 Price Changed $99,900 -2.1% $74 / Sq Ft
03/04/2020 03/04/20 Price Changed $102,000 -11.2% $76 / Sq Ft
09/26/2019 09/26/19 For Sale $114,900 -- $85 / 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 $3,157 $64,000 $6,300 $57,700
2024 $25 $58,300 $6,300 $52,000
2023 $2,960 $47,700 $6,300 $41,400
2022 $2,668 $43,500 $7,100 $36,400
2021 $2,417 $38,800 $7,900 $30,900
2020 $2,020 $34,900 $7,900 $27,000
2019 $1,935 $33,600 $7,900 $25,700
2018 $1,815 $31,700 $7,900 $23,800
2017 $1,737 $31,700 $7,900 $23,800
2016 $1,661 $31,200 $7,900 $23,300
2015 $1,661 $30,300 $15,815 $14,485
2014 $1,661 $29,100 $18,250 $10,850
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2021

    Daniel Bankson

    RE/MAX Michigan

  • N

    Buyer's Agent in 2021

    Nicole Schuiling

    Home Towne Real Estate

    Section Image
  • Robin G. Ryan

    Seller's Agent in 2020

    Robin G. Ryan

    Zie Realty

    (517) 230-3932

    195 Total Sales

    Robin G. Ryan
    Section Image

  • T

    Seller Co-Listing Agent in 2020

    Teresa Faggion-Reed

    Zie Realty

    Section Image
  • Tina Batterson

    Buyer's Agent in 2020

    Tina Batterson

    Home Towne Real Estate

    (517) 775-9055

    5 in this area

    77 Total Sales

    Tina Batterson
    Section Image
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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 260086

Greater Lansing Association of Realtors®

APN: 01-01-09-363-181

Michigan Ingham County Lansing 48906 Old Forest

513 W Madison St, Lansing, MI

Not Listed for Sale

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