$48,000
SOLD OCT 17, 2017

519 N Pine St Unit 1 Lansing, MI 48933

Downtown Lansing Neighborhood
-- Bed
-- Bath
1,780 Sq Ft
5,663 Sq Ft Lot

Recently Sold

$27 Per Sq Ft

40% Below List Price

238 Days on Market

Highlights

  • Covered patio or porch
  • Forced Air Heating System
  • 3-minute walk to Ferris Park
  • Detached Garage
  • Wood Siding

About This Home

As of July 2021

Welcome to 519 N Pine, near our State Capitol. Lots of potential with this 2 unit duplex. Home has a lot of character. Lower level is a 1 bed, 1 bath 770 sqft unit. Currently renting at $450/month. Upper level has two floors with 2 beds, 2 bath and 1,010 sqft. Currently renting at $575 per month. Water is paid by seller only.

Last Agent to Sell the Property

Peter MacIntyre

RE/MAX Real Estate Professionals, Inc. Grand River License #6506040989 Listed on: 01/04/2017

Last Buyer's Agent

Ann Bourdon

Zen Bee Realty, LLC License #6502404120

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1909

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 33x164

Parking

  • Detached Garage

Home Design

  • Wood Siding

Interior Spaces

  • 1,780 Sq Ft Home
  • 2.5-Story Property
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector

Outdoor Features

  • Covered patio or porch

Utilities

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

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Tax Year: 2015
  • Total Ovens: 2
  • Total Ranges: 2
  • Total Refrigerators: 2
  • Total Washers: 2
  • Levels: Two and One Half
  • Year Built: 1909
  • Lot Size Acres: 0.13
  • Lot Size: 33x164
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 1780.0
  • General Property Info:Lot Size Dimensions: 33x164
  • General Property Info:Above Grade Finished Area: 1780.0
  • Sewer:Public Sewer: Yes
  • Utilities:Cable Available: Yes
  • Security Features:Smoke Detector(s): Yes
  • Exterior:Wood Siding: Yes
  • Levels:Two and One Half: Yes
  • Tax Info:Taxes2: 2260.0
  • Tax Info:Zoning3: Residential
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:Building 1 Description: 2-unit
  • General Property Info:_pound_ of Units: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Heating: Forced Air, Natural Gas
  • Property Type: Resid/Multi-Family
  • Full Basement: Yes

Exterior Features

  • Patio And Porch Features: Covered
  • Construction Type: Wood Siding
  • Patio Porch Features:Covered: Yes

Garage/Parking

  • Parking Features: Asphalt, Detached, Easement
  • Attached Garage: No
  • Parking Features:Asphalt2: Yes
  • Parking Features:Detached: Yes
  • General Property Info:Parking Total: 0

Utilities

  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

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 Type Sale Price Title Company
Warranty Deed $100,000 Liberty Title
Interfamily Deed Transfer $48,000 None Available
Warranty Deed $35,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $85,000 New Conventional
Previous Owner $45,600 New Conventional
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: 212102

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 and is currently priced at $48,000, approximately $26 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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