NOT LISTED FOR SALE

Estimated Value: $191,000 - $206,146

-- Bed
-- Bath
2,608 Sq Ft
$76/Sq Ft Est. Value

Last Sold September 03, 2020

Last sale price $142,000 $54 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $1,074/month

30 Days on Market

Highlights

  • 0.52 Acre Lot
  • Hot Water Heating System
  • 3-minute walk to Ferris Park
  • Covered Patio or Porch

About This Home

As of September 2020

Originally home to Lansing pioneer this income or residential income property sits on two lots and has four 1 bedroom 1 bathroom units. This home has more than 2500 sqft and includes a marble fire place, beautiful wood cut-outs, loft celling, a garden and a garage. Commercial coin-operated laundry for tenants on site. Call and request an appointment for a today!

Last Agent to Sell the Property

Elvin (209 S Holmes)

EXP Realty, LLC License #6501376301 Listed on: 07/24/2020

EXP Realty, LLC

Last Buyer's Agent

Elvin Caldwell

RE/MAX Real Estate Professionals, Inc. West License #6501376301

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1874

Lot Details

  • 0.52 Acre Lot
  • Lot Dimensions are 120x92
  • Sprinkler System

Parking

  • 8 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 2,608 Sq Ft Home
  • 2-Story Property

Basement

  • Basement Fills Entire Space Under The House
  • Michigan Basement

Outdoor Features

  • Covered Patio or Porch

Utilities

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

Listing and Financial Details

  • Total Actual Rent $28,800

Community Details

Overview

  • 4 Units
  • Original Of Lansing Subdivision

Building Details

  • Electric Expense $2,281
  • Insurance Expense $700
  • Maintenance Expense $1,000
  • Water Sewer Expense $4,018
  • New Taxes Expense $4,873
  • Net Operating Income $16,008

Property Details

Home Type

Multi-Family

Year Built

Built in 1874

Lot Details

0

Listing Details

  • Gross Rent: 28800.0
  • Net Income: 16007.95
  • Water Sewer Expenses: 4018.0
  • Tax Year: 2019
  • Levels: Two
  • Year Built: 1874
  • Lot Size Acres: 0.52
  • Lot Size: 120x92
  • Subdivision Name: Original of Lansing
  • Above Grade Finished Sq Ft: 2608.0
  • General Property Info:Lot Size Dimensions: 120x92
  • General Property Info:Above Grade Finished Area: 2608.0
  • Levels:Two2: Yes
  • Sewer:Public Sewer: Yes
  • Roof:Shingle: Yes
  • Lot Features:Underground Sprinklers: Yes
  • Exterior:Brick: Yes
  • Tax Info:Taxes2: 4760.0
  • Tax Info:Zoning3: Residential
  • General Property Info:Building 1 Description: 2 Story
  • General Property Info:_pound_ of Units: 4
  • Water Heater:Electric Water Heater2: Yes
  • Annual Inc Expense:Insurance4: 700.0
  • Annual Inc Expense:Tax Expense2: 4873.05
  • Annual Inc Expense:Maintenance3: 1000.0
  • Annual Inc Expense:Electricity5: 2281.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Roof: Shingle
  • Lot Features: Underground Sprinklers
  • Patio And Porch Features: Covered
  • Construction Type: Brick
  • Patio Porch Features:Covered: Yes

Garage/Parking

  • Misc Business Info:_pound_ Parking: 8
  • General Property Info:Parking Total: 8

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: 22651.2
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Carrier Route: 1017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2020
Closed on
Sep 3, 2020
Sold by
Lansing Pine Street Llc
Bought by
Miller Matthew Ryan
Seller's Agent
Elvin (209 S Holmes)
EXP Realty, LLC
Buyer's Agent
Elvin (209 S Holmes)
EXP Realty, LLC
List Price
$149,900
Sold Price
$142,000
Premium/Discount to List
-$7,900
-5.27%
Current Estimated Value
$196,615

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,615
Avg. Annual Appreciation
7.31%
Original Mortgage
$113,600
Outstanding Balance
$101,777
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$99,530

Purchase Details

Closed on
Feb 17, 2004
Sold by
Schrader Environmental Systems Inc
Bought by
Lansing Pine Street Llc

Purchase Details

Closed on
Dec 18, 2002
Sold by
Trinity Evangelical Lutheran Church Of L
Bought by
Schrader Environmental Systems
Source: Public Records

Range of Values:

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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
Miller Matthew Ryan $142,000 Transnation Title Agency
Lansing Pine Street Llc -- --
Schrader Environmental Systems $65,000 Trans
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miller Matthew Ryan $113,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/03/2020 09/03/20 Sold $142,000 0.0% $54 / Sq Ft
07/24/2020 07/24/20 Pending -- -- --
07/22/2020 07/22/20 Off Market $142,000 -- --
07/03/2020 07/03/20 Pending -- -- --
06/24/2020 06/24/20 For Sale $149,900 -- $57 / 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 $37 $80,900 $11,200 $69,700
2023 $4,722 $73,400 $11,200 $62,200
2022 $4,279 $64,900 $10,200 $54,700
2021 $5,340 $82,200 $11,400 $70,800
2020 $4,906 $70,300 $11,400 $58,900
2019 $4,727 $63,900 $11,400 $52,500
2018 $4,494 $61,600 $11,400 $50,200
2017 $4,320 $61,600 $11,400 $50,200
2016 $4,148 $60,600 $11,400 $49,200
2015 $4,148 $59,000 $22,730 $36,270
2014 $4,148 $52,400 $19,500 $32,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 247148

Greater Lansing Association of Realtors®

APN: 01-01-16-103-041