NOT LISTED FOR SALE

529 Cherry St Lansing, MI 48933

Downtown Lansing Neighborhood

Estimated Value: $124,000 - $142,726

Studio
-- Bath
1,280 Sq Ft
$106/Sq Ft Est. Value

Last Sold October 27, 2023

Last sale price $136,000 $106 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $831/month

13 Days on Market

Highlights

  • Wood Flooring
  • Laundry Room
  • Wood Siding
  • Front Porch
  • Forced Air Heating and Cooling System
  • 3-minute walk to Cherry Hill Park

About This Home

As of October 2023

Welcome to 529 Cherry St in the historic district. This 2 unit has a one bedroom and a two bedroom which has a great loft on the third floor. Both units are metered separately so tenants pay gas/electric/water and sewer. The landlord only pays for Lawn/ snow and trash making this a very profitable duplex. The one bedroom has a spacious kitchen including all the appliances. Living Room has vintage fireplace. There is a great sized bedroom and this unit has its own laundry room . Second floor has great space between the two levels of the apartment. There is laundry in the basement for this tenant. Units always rent out quickly.

Last Agent to Sell the Property

Peter MacIntyre

RE/MAX Real Estate Professionals License #6506040989 Listed on: 08/20/2023

RE/MAX Real Estate Professionals

Last Buyer's Agent

Cindy Beckwith

Five Star Real Estate - Lansing License #6506045689

Five Star Real Estate - Lansing

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,536

Year Built

  • Built in 1906

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 37x69
  • Back Yard

Home Design

  • Brick Foundation
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 1,280 Sq Ft Home
  • 3-Story Property
  • Blinds

Flooring

  • Wood
  • Carpet
  • Vinyl

Laundry

  • Laundry Room
  • Laundry on lower level

Basement

  • Basement Fills Entire Space Under The House
  • Michigan Basement

Parking

  • 1 Parking Space
  • No Garage

Outdoor Features

  • Front Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Cable TV Available

Listing and Financial Details

  • Total Actual Rent $19,800

Community Details

Overview

  • 2 Units
  • Original Of Lansing Subdivision

Building Details

  • Insurance Expense $746
  • Maintenance Expense $1,200
  • Other Expense $1,260
  • New Taxes Expense $2,536
  • Operating Expense $5,742
  • Net Operating Income $14,058

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,536

Year Built

Built in 1906

Lot Details

4,792 Sq Ft Lot

Listing Details

  • Gross Rent: 19800.0
  • Miscellaneous: 1260.0
  • Net Income: 14058.0
  • Total Expense: 5742.0
  • Tax Year: 2022
  • Registered Licenses for Unrelated Occupants: CR22-2221
  • Unit Information License Register Exp: 2025-12-01
  • Levels: Three Or More
  • Year Built: 1906
  • Lot Size Acres: 0.11
  • Lot Size: 37x69
  • Subdivision Name: Original of Lansing
  • Above Grade Finished Sq Ft: 1280.0
  • General Property Info:Lot Size Dimensions: 37x69
  • General Property Info:Above Grade Finished Area: 1280.0
  • Laundry Features:Main Level: Yes
  • Flooring:Carpet: Yes
  • Sewer:Public Sewer: Yes
  • Utilities:Cable Available: Yes
  • Roof:Shingle: Yes
  • Cooling:Central Air: Yes
  • Exterior:Wood Siding: Yes
  • Laundry Features:Laundry Room: Yes
  • Flooring:Vinyl2: Yes
  • Laundry Features:Lower Level: Yes
  • Levels:Three or More: Yes
  • Tax Info:Taxes2: 2536.0
  • Tax Info:Zoning3: Residential
  • General Property Info:Building 1 Description: Multifamily
  • General Property Info:_pound_ of Units: 2
  • Flooring:Wood4: Yes
  • Annual Inc Expense:Insurance4: 746.0
  • Annual Inc Expense:Tax Expense2: 2536.0
  • Annual Inc Expense:Maintenance3: 1200.0
  • Foundation Details:BrickMortar: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Michigan
  • Heating: Forced Air, Natural Gas, Separate Meters
  • Flooring: Carpet, Vinyl, Wood
  • Property Type: Resid/Multi-Family
  • Window Features: Blinds
  • Full Basement: Yes
  • Basement:Michigan: Yes

Exterior Features

  • Roof: Shingle
  • Foundation Details: Brick/Mortar
  • Lot Features: Back Yard
  • RoadSurfaceType: Paved
  • Patio And Porch Features: Front Porch
  • Construction Type: Wood Siding
  • Lot Features:Back Yard2: Yes
  • Patio Porch Features:Front Porch: Yes
  • Window Features:Blinds: Yes

Garage/Parking

  • Total Parking Spaces: 1.0
  • Parking Features: No Garage
  • Attached Garage: No
  • Parking Features:No Garage: Yes
  • Misc Business Info:_pound_ Parking: 1
  • General Property Info:Parking Total: 1

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • LaundryFeatures: Laundry Room, Lower Level, Main Level
  • Utilities: Cable Available
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes
  • Heating:Separate Meters: Yes

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Sq Ft: 4791.6
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2
  • Insurance Expense: 746.0
  • Maintenance Expense: 1200.0
  • Property Net Operating Income: 14058.0

Tax Info

  • New Taxes Expense: 2536.0
  • Tax Carrier Route: 2401

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2023
Closed on
Nov 30, 2023
Sold by
Huddas Eleanna
Bought by
Arro Properties Llc
Seller's Agent
Peter MacIntyre
RE/MAX Real Estate Professionals
Buyer's Agent
Cindy Beckwith
Five Star Real Estate - Lansing
List Price
$139,900
Sold Price
$136,000
Premium/Discount to List
-$3,900
-2.79%
Views
28
Current Estimated Value
$135,182

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$818
Avg. Annual Appreciation
-0.26%
Original Mortgage
$117,623
Outstanding Balance
$115,446
Interest Rate
7.19%
Mortgage Type
FHA
Estimated Equity
$19,736

Purchase Details

Listed on
Aug 20, 2023
Closed on
Oct 27, 2023
Sold by
Settimo Kenneth J
Bought by
Huddas Eleanna
Seller's Agent
Peter MacIntyre
RE/MAX Real Estate Professionals
Buyer's Agent
Cindy Beckwith
Five Star Real Estate - Lansing
List Price
$139,900
Sold Price
$136,000
Premium/Discount to List
-$3,900
-2.79%
Views
28

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,623
Outstanding Balance
$115,446
Interest Rate
7.19%
Mortgage Type
FHA
Estimated Equity
$19,736

Purchase Details

Closed on
Aug 2, 2006
Sold by
Wiegman W Paul and Wiegman Sherri J
Bought by
Settimo Kenneth J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
6.85%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Arro Properties Llc -- Star Title
Huddas Eleanna $136,000 Diversified National Title
Settimo Kenneth J $100,000 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Huddas Eleanna $117,623
Previous Owner Settimo Kenneth J $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/01/2024 11/01/24 For Rent $900 0.0% --
10/08/2024 10/08/24 Off Market $900 -- --
10/27/2023 10/27/23 Sold $136,000 -2.8% $106 / Sq Ft
09/02/2023 09/02/23 Pending -- -- --
08/20/2023 08/20/23 For Sale $139,900 -- $109 / Sq Ft
Source: Greater Lansing Association of Realtors®

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 $4,096 $53,300 $3,700 $49,600
2024 $34 $45,100 $3,700 $41,400
2023 $2,769 $38,100 $3,700 $34,400
2022 $2,536 $35,100 $2,900 $32,200
2021 $2,478 $31,000 $3,900 $27,100
2020 $2,460 $30,000 $3,900 $26,100
2019 $2,370 $29,800 $3,900 $25,900
2018 $2,253 $28,000 $3,900 $24,100
2017 $2,166 $28,000 $3,900 $24,100
2016 $2,139 $27,500 $3,900 $23,600
2015 $2,139 $26,700 $7,782 $18,918
2014 $2,139 $27,100 $13,000 $14,100
Source: Public Records

Agents Affiliated with this Home

  • Peter MacIntyre

    Seller's Agent in 2023

    Peter MacIntyre

    RE/MAX Michigan

    (517) 256-6664

    11 in this area

    488 Total Sales

    Peter MacIntyre
    Section Image
  • Cindy Beckwith

    Buyer's Agent in 2023

    Cindy Beckwith

    Five Star Real Estate - Lansing

    (517) 614-2254

    1 in this area

    134 Total Sales

    Cindy Beckwith
    Section Image
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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 275413

Greater Lansing Association of Realtors®

APN: 01-01-16-457-071

Michigan Ingham County Lansing 48933 Downtown Lansing

529 Cherry St, Lansing, MI

Not Listed for Sale

MultiFamily

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