NOT LISTED FOR SALE

5310 Balzer St Lansing, MI 48911

Southern Lansing Neighborhood

Estimated Value: $148,000 - $174,000

-- Bed
1 Bath
2,062 Sq Ft
$77/Sq Ft Est. Value

Last Sold October 16, 2024

Last sale price $147,000 $71 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $1,212/month

3 Days on Market

About This Home

As of October 2024

Welcome to 5310 Balzer St, a great investment opportunity in the southern part of Lansing. This two-story duplex has mirrored 2 bedroom, 1.5 bath units. Laundry is located on the main level in the half baths. Each unit includes its own driveway for parking. The backyard is split by a high fence, allowing each tenant outdoor privacy from the other. Tenants pay all utilities and are responsible for snow removal. The owner hires a company to mow the lawn. Unit 1 is rented for $795, and Unit 2 is rented for $850.

Last Agent to Sell the Property

Peter MacIntyre

RE/MAX Real Estate Professionals License #6506040989 Listed on: 09/19/2024

RE/MAX Real Estate Professionals

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1976

Lot Details

  • 0.46 Acre Lot
  • Lot Dimensions are 97x19x225x76x312

Home Design

  • Duplex
  • Brick Exterior Construction
  • Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 2,062 Sq Ft Home
  • 2-Story Property
  • Carpet
  • Basement Fills Entire Space Under The House
  • Laundry on main level

Parking

  • 4 Parking Spaces
  • No Garage
  • Driveway

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units
  • New Taxes Expense $4,189

Listing and Financial Details

  • Total Actual Rent $19,740

Property Details

Home Type

Multi-Family

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Gross Rent: 19740.0
  • Tax Year: 2023
  • Levels: Two
  • Year Built: 1976
  • Lot Size Acres: 0.46
  • Lot Size: 97x19x225x76x312
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 2062.0
  • General Property Info:Lot Size Dimensions: 97x19x225x76x312
  • General Property Info:Above Grade Finished Area: 2062.0
  • Laundry Features:Main Level: Yes
  • Exterior:Aluminum Siding: Yes
  • Levels:Two2: Yes
  • Flooring:Carpet: Yes
  • Sewer:Public Sewer: Yes
  • Roof:Shingle: Yes
  • Cooling:Central Air: Yes
  • Exterior:Brick: Yes
  • Tax Info:Taxes2: 4189.0
  • Tax Info:Zoning3: Residential
  • General Property Info:Building 1 Description: Duplex
  • General Property Info:_pound_ of Units: 2
  • Annual Inc Expense:Tax Expense2: 4189.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Roof: Shingle
  • RoadFrontageType: City Street
  • Construction Type: Aluminum Siding, Brick

Garage/Parking

  • Total Parking Spaces: 4.0
  • Parking Features: Driveway, No Garage
  • Attached Garage: No
  • Parking Features:No Garage: Yes
  • Parking Features:Driveway: Yes
  • General Property Info:Parking Total: 4

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • LaundryFeatures: Main Level
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Sq Ft: 19906.92
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2

Tax Info

  • New Taxes Expense: 4189.0
  • Tax Carrier Route: 3534

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2024
Closed on
Oct 16, 2024
Sold by
D & K Home Rentals Llc
Bought by
Yang Jie
Seller's Agent
Peter MacIntyre
RE/MAX Real Estate Professionals
List Price
$147,000
Sold Price
$147,000
Views
123
Current Estimated Value
$159,126

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,126
Avg. Annual Appreciation
7.33%
Original Mortgage
$110,250
Outstanding Balance
$109,058
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
$50,068

Purchase Details

Listed on
Feb 24, 2017
Closed on
Jun 7, 2017
Sold by
Schwanik Daniel J
Bought by
D And K Home Rentals L L C
Seller's Agent
Stacy Sinadinos
Coldwell Banker Professionals-Delta
Buyer's Agent
Peter MacIntyre
RE/MAX Real Estate Professionals
List Price
$92,000
Sold Price
$86,000
Premium/Discount to List
-$6,000
-6.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.51%
Original Mortgage
$64,500
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 24, 2017
Closed on
May 26, 2017
Sold by
Flitton Larry Bruce
Bought by
Schwanik Daniel J
Seller's Agent
Stacy Sinadinos
Coldwell Banker Professionals-Delta
Buyer's Agent
Peter MacIntyre
RE/MAX Real Estate Professionals
List Price
$92,000
Sold Price
$86,000
Premium/Discount to List
-$6,000
-6.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,500
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 27, 2003
Sold by
Flitton Larry Bruce
Bought by
Larry Bruce Flitton Revocable Living Tr

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
6.33%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 31, 1996
Sold by
Pacheco Debra
Bought by
Flitton Larry
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Yang Jie $147,000 Greater Lansing Title
D And K Home Rentals L L C -- None Available
Schwanik Daniel J $86,000 Tri County Title Agency Llc
Larry Bruce Flitton Revocable Living Tr -- Bell Title
Flitton Larry $72,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yang Jie $110,250
Previous Owner Schwanik Daniel J $64,500
Previous Owner Larry Bruce Flitton Revocable Living Tr $55,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/16/2024 10/16/24 Sold $147,000 0.0% $71 / Sq Ft
09/19/2024 09/19/24 For Sale $147,000 +70.9% $71 / Sq Ft
05/26/2017 05/26/17 Sold $86,000 -6.5% $38 / Sq Ft View Prior Sale
04/28/2017 04/28/17 Pending -- -- --
02/24/2017 02/24/17 For Sale $92,000 -- $40 / 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 $4,449 $69,400 $9,700 $59,700
2024 $36 $72,300 $9,700 $62,600
2023 $4,189 $69,400 $9,700 $59,700
2022 $3,829 $65,800 $9,700 $56,100
2021 $3,740 $51,300 $7,100 $44,200
2020 $3,713 $49,200 $7,100 $42,100
2019 $3,585 $47,700 $7,100 $40,600
2018 $3,402 $42,300 $7,100 $35,200
2017 $3,198 $42,300 $7,100 $35,200
2016 $3,268 $41,600 $7,100 $34,500
2015 $3,268 $40,700 $14,114 $26,586
2014 $3,268 $42,800 $21,171 $21,629
Source: Public Records

Agents Affiliated with this Home

  • Peter MacIntyre

    Seller's Agent in 2024

    Peter MacIntyre

    RE/MAX Michigan

    (517) 256-6664

    14 in this area

    499 Total Sales

    Peter MacIntyre
    Section Image

  • S

    Seller's Agent in 2017

    Stacy Sinadinos

    Coldwell Banker Professionals-Delta

See All Agents

Map

Source: Greater Lansing Association of Realtors®

MLS Number: 283650

Greater Lansing Association of Realtors®

APN: 01-05-05-201-141

Michigan Ingham County Lansing 48911 Southern Lansing

5310 Balzer St, Lansing, MI

Not Listed for Sale

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