NOT LISTED FOR SALE

519 N Pine St Unit 1 Lansing, MI 48933

Downtown Lansing Neighborhood

Estimated Value: $135,000 - $183,000

-- Bed
2 Baths
1,925 Sq Ft
$80/Sq Ft Est. Value

Last Sold July 09, 2021

Last sale price $100,000 $52 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $819/month

10 Days on Market

Highlights

  • Property is near public transit
  • Front Porch
  • Views
  • Wood Flooring
  • Window Unit Cooling System
  • 3-minute walk to Ferris Park

About This Home

As of July 2021

Welcome to 519 N Pine, conveniently located in close proximity to LCC, Cooley Law School, GM, Downtown, and a 1/2 block from Ferris Park. There is a lot of potential with this 3 story, 2 unit home. The first story unit is a 1 bed/1 bath with hardwood floors, and newer kitchen appliances. The 2nd unit has 3 bedrooms/2 full updated baths. All 3 floors have separate accesses and each unit has it's own furnace and water heater. It also features a new roof, Fiber internet, and views of the State Capital. Don't miss your chance for a great investment opportunity with this one!

Last Agent to Sell the Property

Michelle Rous

Free Range Realty LLC License #6501409799 Listed on: 06/02/2021

Last Buyer's Agent

Non Member

Non Member Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1909

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 33x165
  • Private Entrance
  • Rectangular Lot
  • Back Yard

Home Design

  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 1,925 Sq Ft Home
  • 3-Story Property
  • Washer and Electric Dryer Hookup
  • Property Views

Flooring

  • Wood
  • Laminate
  • Vinyl

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Parking

  • 2 Car Garage
  • Additional Parking

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • High Speed Internet

Additional Features

  • Front Porch
  • Property is near public transit

Community Details

Recreation

  • Park

Additional Features

  • 2 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Tax Year: 2020
  • Levels: Three or More
  • Year Built: 1909
  • Lot Size Acres: 0.13
  • Lot Size: 33x165
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 1925.0
  • Architectural Style: Multi-Story
  • General Property Info:Lot Size Dimensions: 33x165
  • General Property Info:Above Grade Finished Area: 1925.0
  • Laundry Features:Electric Dryer Hookup: Yes
  • Laundry Features:In Basement: Yes
  • Laundry Features:Washer Hookup: Yes
  • Flooring:Laminate: Yes
  • Sewer:Public Sewer: Yes
  • Utilities:High Speed Internet Available: Yes
  • Cooling:Window Unit(s): Yes
  • Roof:Shingle: Yes
  • Exterior:Wood Siding: Yes
  • Flooring:Vinyl2: Yes
  • Flooring:Hardwood: Yes
  • Levels:Three or More: Yes
  • Laundry Features:Common Area: Yes
  • Tax Info:Taxes2: 3337.0
  • Tax Info:Zoning3: Residential
  • General Property Info:Building 1 Description: Income Property
  • General Property Info:_pound_ of Units: 2
  • Architectural Style:Multi-Story: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Heating: Forced Air, Natural Gas
  • Flooring: Hardwood, Laminate, Vinyl
  • Property Type: Resid/Multi-Family
  • Full Basement: Yes
  • Community Features:Park: Yes

Exterior Features

  • Roof: Shingle
  • ExteriorFeatures: Private Entrance
  • Lot Features: Back Yard, Near Public Transit, Rectangular Lot, Views
  • Patio And Porch Features: Front Porch
  • Construction Type: Wood Siding
  • Lot Features:Back Yard2: Yes
  • Lot Features:Near Public Transit: Yes
  • Patio Porch Features:Front Porch: Yes
  • Lot Features:Views: Yes
  • Lot Features:Rectangular Lot: Yes
  • Exterior Features:Private Entrance: Yes

Garage/Parking

  • Parking Features: Additional Parking
  • Attached Garage: No
  • Parking Features:Additional Parking: Yes
  • General Property Info:Parking Total: 2
  • Parking Features:Garage Spaces2: 2

Utilities

  • Sewer: Public Sewer
  • Cooling: Window Unit(s)
  • LaundryFeatures: Common Area, Electric Dryer Hookup, In Basement, Washer Hookup
  • Utilities: High Speed Internet Available
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Park

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Sq Ft: 5662.8
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Carrier Route: 1026

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2021
Closed on
Aug 11, 2021
Sold by
Hostnik Leon
Bought by
Bailey Bryce
Seller's Agent
Michelle Rous
Free Range Realty LLC
Buyer's Agent
Non Member
Non Member Office
List Price
$100,000
Sold Price
$100,000
Current Estimated Value
$153,671

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,671
Avg. Annual Appreciation
12.12%
Original Mortgage
$85,000
Outstanding Balance
$78,120
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$79,030

Purchase Details

Listed on
Jan 4, 2017
Closed on
Oct 17, 2017
Sold by
Donohue John
Bought by
Hostnik Leon
Seller's Agent
Peter MacIntyre
RE/MAX Real Estate Professionals, Inc. Grand River
Buyer's Agent
Ann Bourdon
Zen Bee Realty, LLC
List Price
$80,000
Sold Price
$48,000
Premium/Discount to List
-$32,000
-40%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.75%
Original Mortgage
$45,600
Interest Rate
3.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 1, 1994
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Bailey Bryce $100,000 Liberty Title
Hostnik Leon $48,000 None Available
-- $35,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bailey Bryce $85,000
Previous Owner Hostnik Leon $45,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2021 07/09/21 Sold $100,000 0.0% $52 / Sq Ft
06/11/2021 06/11/21 Pending -- -- --
06/01/2021 06/01/21 For Sale $100,000 +108.3% $52 / Sq Ft
10/17/2017 10/17/17 Sold $48,000 -40.0% $27 / Sq Ft
08/28/2017 08/28/17 Pending -- -- --
01/02/2017 01/02/17 For Sale $80,000 -- $45 / 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 $41 $75,500 $4,100 $71,400
2023 $4,754 $67,800 $4,100 $63,700
2022 $4,229 $59,200 $4,500 $54,700
2021 $3,360 $56,800 $5,800 $51,000
2020 $3,337 $52,900 $5,800 $47,100
2019 $3,209 $47,800 $5,800 $42,000
2018 $3,032 $42,200 $5,800 $36,400
2017 $2,321 $42,200 $5,800 $36,400
2016 $2,229 $41,500 $5,800 $35,700
2015 $2,229 $40,300 $11,550 $28,750
2014 $2,229 $39,400 $17,000 $22,400
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Michelle Rous

    Free Range Realty LLC

    (517) 214-7752

    1 in this area

    42 Total Sales

    Michelle Rous
    Section Image

  • N

    Buyer's Agent in 2021

    Non Member

    Non Member Office

  • P

    Seller's Agent in 2017

    Peter MacIntyre

    RE/MAX Michigan

  • Ann Bourdon

    Buyer's Agent in 2017

    Ann Bourdon

    Zen Bee Realty, LLC

    (517) 614-1800

    5 Total Sales

    Ann Bourdon
    Section Image
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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 256012

Greater Lansing Association of Realtors®

APN: 01-01-16-106-191

Michigan Ingham County Lansing 48933 Downtown Lansing

519 N Pine St Unit 1, Lansing, MI

This home is located at 519 N Pine St Unit 1, Lansing, MI 48933 since 02 June 2021 and is currently estimated at $153,671, approximately $79 per square foot. This property was built in 1909. 519 N Pine St Unit 1 is a home located in Ingham County with nearby schools including Riddle Elementary School, Pattengill Academy, and J.W. Sexton High School.

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