NOT LISTED FOR SALE

5307 S Martin Luther King jr Blvd Lansing, MI 48911

South Lansing Neighborhood

Estimated Value: $97,000 - $136,000

3 Beds
1.5 Baths
987 Sq Ft
$126/Sq Ft Est. Value

Last Sold March 25, 2022

Last sale price $40,000 $41 Per Sq Ft

Est. 212% increase in value since last sale

Current estimated payment $789/month

Highlights

  • City View
  • Covered Patio or Porch
  • Living Room
  • Ranch Style House
  • 1 Car Attached Garage
  • Laundry Room

About This Home

As of March 2022

Centrally located. Nice big fenced yard with attached garage. Has had some updating done not too long ago. 3 bedrooms 1-1/2 bath. Schedule your private showing today.

Last Agent to Sell the Property

Cindy Rase

Great America Brokers LLC License #6502341465 Listed on: 03/07/2022

Last Buyer's Agent

Cindy Rase

Great America Brokers LLC License #6502341465 Listed on: 03/07/2022

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1945 | Remodeled

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 86x161
  • Chain Link Fence

Parking

  • 1 Car Attached Garage
  • Gravel Driveway

Home Design

  • Ranch Style House
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 987 Sq Ft Home
  • Ceiling Fan
  • Wood Burning Fireplace
  • Living Room
  • Dining Room
  • City Views
  • Partial Basement

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry Room
  • Laundry on main level

Outdoor Features

  • Covered Patio or Porch

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Cable TV Available

Community Details

  • Prosperity Subdivision

Listing and Financial Details

  • REO, home is currently bank or lender owned

Home Details

Home Type

Single Family

Year Built

Built in 1945 | Remodeled

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Dining Room Level: First
  • Living Room Level: First
  • Property Conditions Updated Remodeled: Yes
  • Tax Year: 2021
  • Levels: One
  • Parking Features Garage Spaces: 1.0
  • Year Built: 1945
  • Lot Size Acres: 0.32
  • Lot Size: 86x161
  • Subdivision Name: Prosperity
  • Above Grade Finished Sq Ft: 987.0
  • Architectural Style: Ranch
  • Living Area: 987.0
  • New Construction: No
  • General Property Info:Lot Size Dimensions: 86x161
  • General Property Info:Above Grade Finished Area: 987.0
  • General Property Info:Total Livable Area: 987.0
  • Baths:_pound_Full Baths 1: 1
  • Baths:_pound_Half Baths 1: 1
  • Rooms:Dining Room2: Yes
  • Rooms:Living Room2: Yes
  • Primary Bedroom Level: First
  • Laundry Features:Main Level: Yes
  • Location Legal Info:Real Estate Owned: Yes
  • Fencing:Chain Link: Yes
  • Sewer:Public Sewer: Yes
  • Utilities:Cable Available: Yes
  • Levels:One: Yes
  • Exterior:Vinyl Siding: Yes
  • Architectural Style:Ranch: Yes
  • Exterior:Wood Siding: Yes
  • Rooms:Laundry2: Yes
  • Laundry Features:Laundry Room: Yes
  • Utilities:Natural Gas Connected: Yes
  • Cooling:None8: Yes
  • View:City4: Yes
  • General Property Info:Building Area Total SqFt: 1407.0
  • Special Features: None

Interior Features

  • Basement: Partial
  • Heating: Forced Air, Natural Gas
  • Interior Amenities: Ceiling Fan(s)
  • Total Bedrooms: 3
  • Room: 7
  • Property Type: Residential
  • Bedroom 3 Level: First
  • Laundry Level: First
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Fireplace: Yes
  • Appliances:None2: Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Basement:Partial: Yes
  • Fireplace Features:Wood Burning: Yes

Exterior Features

  • Fencing: Chain Link
  • RoadSurfaceType: Concrete
  • Patio And Porch Features: Covered, Patio
  • View: City
  • Home Warranty: No
  • Construction Type: Vinyl Siding, Wood Siding
  • Property Condition: Updated/Remodeled
  • Patio Porch Features:Covered: Yes
  • Patio Porch Features:Patio: Yes

Garage/Parking

  • Parking Features: Attached, Gravel
  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Parking Features:Gravel2: Yes
  • Parking Features:Attached: Yes

Utilities

  • Sewer: Public Sewer
  • Appliances: None
  • Cooling: None
  • LaundryFeatures: Laundry Room, Main Level
  • Utilities: Natural Gas Connected, Cable Available
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Sq Ft: 13939.2
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Carrier Route: 3541
  • Tax Annual Amount: 2213.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 23, 2022
Sold by
Waterfront Capital Llc
Bought by
Zhang Mike Wei Peng
Current Estimated Value
$124,619

Purchase Details

Listed on
Mar 7, 2022
Closed on
Mar 24, 2022
Sold by
Huntington National Bank
Bought by
Waterfront Capital Llc
Seller's Agent
Cindy Rase
Great America Brokers LLC
Buyer's Agent
Cindy Rase
Great America Brokers LLC
List Price
$49,900
Sold Price
$40,000
Premium/Discount to List
-$9,900
-19.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
37.85%

Purchase Details

Closed on
Nov 14, 2019
Sold by
Borseth Jonelle C
Bought by
The Huntington National Bank

Purchase Details

Listed on
Apr 13, 2016
Closed on
Sep 28, 2016
Sold by
Brunton Daniel Clayton
Bought by
Borseth Jonelle C
Seller's Agent
Francis Vicente
Keller Williams Realty Lansing
Buyer's Agent
Angela Averill
Century 21 Affiliated
List Price
$69,900
Sold Price
$58,000
Premium/Discount to List
-$11,900
-17.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.84%
Original Mortgage
$56,949
Interest Rate
3.43%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 26, 2015
Sold by
Visio Financial Services Inc
Bought by
Brunton Daniel Clayton

Purchase Details

Closed on
Aug 30, 2013
Sold by
Rector Michael
Bought by
Rector Daivd M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$31,695
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 29, 2007
Sold by
Muhm Cynthia S and Heintz Robert
Bought by
Wells Fargo Bank Na and Park Place Securities Inc Asset Backed P

Purchase Details

Closed on
Apr 1, 2005
Sold by
Taylor Darrell L and Taylor Jeanette L
Bought by
Muhm Cynthia S and Heinz Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
8.3%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 28, 2002
Sold by
Velez Jessee and Velez Patricia Ann
Bought by
Taylor Darrell L and Taylor Jeanette L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,550
Interest Rate
6.13%
Mortgage Type
FHA
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
Zhang Mike Wei Peng -- --
Waterfront Capital Llc $40,000 New Title Company Name
The Huntington National Bank $55,300 None Available
Borseth Jonelle C $58,000 None Available
Brunton Daniel Clayton $16,000 Parks Title
Rector Daivd M $45,000 None Available
Wells Fargo Bank Na $77,863 None Available
Muhm Cynthia S $80,000 Titlequest
Taylor Darrell L $53,000 Devon Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Borseth Jonelle C $56,949
Previous Owner Rector Daivd M $31,695
Previous Owner Muhm Cynthia S $72,000
Previous Owner Taylor Darrell L $52,550
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/25/2022 03/25/22 Sold $40,000 -19.8% $41 / Sq Ft
03/11/2022 03/11/22 Pending -- -- --
03/07/2022 03/07/22 For Sale $49,900 0.0% $51 / Sq Ft
02/25/2022 02/25/22 Pending -- -- --
02/18/2022 02/18/22 Price Changed $49,900 -23.1% $51 / Sq Ft
01/24/2022 01/24/22 For Sale $64,900 +11.9% $66 / Sq Ft
09/28/2016 09/28/16 Sold $58,000 -3.2% $59 / Sq Ft View Prior Sale
08/15/2016 08/15/16 Pending -- -- --
07/08/2016 07/08/16 Price Changed $59,900 -7.7% $61 / Sq Ft
05/23/2016 05/23/16 Price Changed $64,900 -7.2% $66 / Sq Ft
04/13/2016 04/13/16 For Sale $69,900 -- $71 / 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
2025 $3,894 $61,700 $8,700 $53,000
2024 $33 $48,700 $8,700 $40,000
2023 $5,238 $44,400 $8,700 $35,700
2022 $2,576 $39,400 $8,700 $30,700
2021 $3,612 $37,200 $6,300 $30,900
2020 $2,912 $35,300 $6,300 $29,000
2019 $1,867 $33,800 $6,300 $27,500
2018 $1,751 $28,800 $6,300 $22,500
2017 $1,676 $28,800 $6,300 $22,500
2016 $3,816 $28,400 $6,300 $22,100
2015 $3,816 $27,500 $12,600 $14,900
2014 $3,816 $27,200 $18,900 $8,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 262366

Greater Lansing Association of Realtors®

APN: 01-05-05-276-011