NOT LISTED FOR SALE

517 W Madison St Lansing, MI 48906

Old Forest Neighborhood
9 Beds
9 Baths
3,548 Sq Ft
9,588 Sq Ft Lot

Last Sold February 15, 2018

Last sale price $248,000 $70 Per Sq Ft

48 Days on Market

About This Home

As of February 2018

This home is located at 517 W Madison St, Lansing, MI 48906 since 21 November 2017. This property was built in 1915. 517 W Madison St is a home located in Ingham County with nearby schools including Willow School, Pattengill Academy, and J.W. Sexton High School.

Last Agent to Sell the Property

Jill Powell

1st Choice Real Estate License #6502350891 Listed on: 11/21/2017

Co-Listed By

Bradley Hillard

1st Choice Real Estate License #6502431508

Last Buyer's Agent

Youa Hang

EXIT Realty Home Partners License #6501393728

EXIT Realty Home Partners

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,969

Year Built

  • Built in 1915

Lot Details

  • 9,588 Sq Ft Lot
  • Lot Dimensions are 144x198

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 3,548 Sq Ft Home
  • 2-Story Property
  • Fire and Smoke Detector

Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Parking

  • 9 Parking Spaces
  • No Garage

Utilities

  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $58,860

Community Details

Overview

  • 9 Units

Building Details

  • Electric Expense $3,174
  • Maintenance Expense $8,886
  • Manager Expense $6,556
  • Water Sewer Expense $3,174
  • New Taxes Expense $4,969

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,969

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Gross Rent: 58860.0
  • Less Fuel: 2960.0
  • Water Sewer Expenses: 3174.0
  • Misc Business Info Parking Surface: Asphalt
  • Misc Business Info Roof Type: Flat
  • Tax Year: 2016
  • Registered Licenses for Unrelated Occupants: 1
  • Unit Information License Register Exp: 2018-04-01
  • Levels: Two
  • Year Built: 1915
  • Lot Size Acres: 0.22
  • Lot Size: 144X198
  • Co List Office Mls Id: 1063
  • Co List Office Phone: 517-410-6750
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 3548.0
  • General Property Info:Lot Size Dimensions: 144X198
  • General Property Info:Above Grade Finished Area: 3548.0
  • Levels:Two2: Yes
  • Sewer:Public Sewer: Yes
  • Security Features:Smoke Detector(s): Yes
  • General Property Info:ECO Friendly Features: No
  • Exterior:Brick: Yes
  • Roof:Flat: Yes
  • Tax Info:Taxes2: 4969.0
  • Tax Info:Zoning3: Multi-Family
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:Building 1 Description: 517 W Madison
  • General Property Info:_pound_ of Units: 9
  • Annual Inc Expense:Tax Expense2: 4969.0
  • Annual Inc Expense:Maintenance3: 8886.0
  • Annual Inc Expense:Management3: 6556.0
  • Annual Inc Expense:Electricity5: 3174.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Exterior Entry, Full
  • Heating: Hot Water, Natural Gas
  • Property Type: Resid/Multi-Family
  • Full Basement: Yes
  • Basement:Exterior Entry: Yes

Exterior Features

  • Roof: Flat
  • Construction Type: Brick

Garage/Parking

  • Parking Features: Asphalt, No Garage
  • Attached Garage: No
  • Parking Features:Asphalt2: Yes
  • Parking Features:No Garage: Yes
  • Misc Business Info:_pound_ Parking: 9
  • General Property Info:Parking Total: 9

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Heating Yn: Yes
  • Heating:Natural Gas: Yes
  • Heating:Hot Water: Yes

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Sq Ft: 9587.56
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Carrier Route: 5073

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/15/2018 02/15/18 Sold $248,000 -1.6% $70 / Sq Ft
11/27/2017 11/27/17 Pending -- -- --
11/21/2017 11/21/17 For Sale $252,000 0.0% $71 / Sq Ft
10/31/2017 10/31/17 Pending -- -- --
10/10/2017 10/10/17 For Sale $252,000 -- $71 / Sq Ft
Source: Greater Lansing Association of Realtors®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    Jill Powell

    1st Choice Real Estate

    Section Image

  • B

    Seller Co-Listing Agent in 2018

    Bradley Hillard

    1st Choice Real Estate

    (517) 410-6750

    2 in this area

    69 Total Sales

    Section Image
  • Youa Hang

    Buyer's Agent in 2018

    Youa Hang

    EXIT Realty Home Partners

    (517) 402-0837

    33 Total Sales

    Section Image
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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 220756

Greater Lansing Association of Realtors®

Michigan Ingham County Lansing 48906 Old Forest

517 W Madison St, Lansing, MI

This home is located at 517 W Madison St, Lansing, MI 48906 since 21 November 2017. This property was built in 1915. 517 W Madison St is a home located in Ingham County with nearby schools including Willow School, Pattengill Academy, and J.W. Sexton High School.

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