NOT LISTED FOR SALE

532 N Chestnut St Lansing, MI 48933

Downtown Lansing Neighborhood

Estimated Value: $138,084 - $177,000

-- Bed
-- Bath
2,086 Sq Ft
$75/Sq Ft Est. Value

Last Sold March 07, 2022

Last sale price $105,000 $50 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $862/month

151 Days on Market

Highlights

  • Wood Flooring
  • Double Pane Windows
  • Wood Siding
  • Corner Lot
  • Forced Air Heating System
  • 2-minute walk to Ferris Park

About This Home

As of March 2022

Welcome to 532 N Chestnut St, Lansing MI. This 3 unit investment property is close to LCC and State of MI offices. Many recent improvements!
New high efficiency furnaces, new electrical and plumbing, 2 new sump crocks and pumps. The ground floor unit is a 3 bedroom, 1 bath with living ,dining and kitchen at about 1100 sq feet currently rents for $620. Tenant pays for gas and electric. . Upstairs are 2 one bedroom units ( each between 500-600 Sq ft) that rent for $600 and $575. and landlord pays all utities. One has a long term tenant that has been there 10 yrs. Nice income potential !!

Last Agent to Sell the Property

Peter MacIntyre

RE/MAX Real Estate Professionals License #6506040989 Listed on: 08/31/2021

RE/MAX Real Estate Professionals

Last Buyer's Agent

Donovan Thomas

Five Star Real Estate - Lansing License #6501430622

Five Star Real Estate - Lansing

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1880

Lot Details

  • 4,225 Sq Ft Lot
  • Lot Dimensions are 64 x 66
  • Corner Lot

Home Design

  • Combination Foundation
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 2,086 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Blinds

Flooring

  • Wood
  • Carpet

Basement

  • Sump Pump
  • Block Basement Construction
  • Laundry in Basement

Parking

  • 4 Car Garage
  • No Garage

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • 220 Volts For Spa
  • 150 Amp Service
  • Cable TV Available

Community Details

  • 3 Units
  • Original Of Lansing Subdivision

Property Details

Home Type

Multi-Family

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Misc Business Info Construction Type: Brick and wood
  • Tax Year: 2019
  • Levels: Two
  • Year Built: 1880
  • Lot Size Acres: 0.1
  • Lot Size: 64 x 66
  • Subdivision Name: Original of Lansing
  • Above Grade Finished Sq Ft: 2086.0
  • General Property Info:Lot Size Dimensions: 64 x 66
  • General Property Info:Above Grade Finished Area: 2086.0
  • Levels:Two2: Yes
  • Laundry Features:In Basement: Yes
  • Flooring:Carpet: Yes
  • Sewer:Public Sewer: Yes
  • Utilities:Cable Available: Yes
  • Roof:Shingle: Yes
  • Exterior:Wood Siding: Yes
  • Flooring:Hardwood: Yes
  • Electric:_one_50 Amp Service: Yes
  • Cooling:None8: Yes
  • Foundation Details:Combination: Yes
  • Tax Info:Taxes2: 3794.98
  • Tax Info:Zoning3: Residential
  • General Property Info:Building 1 Description: 3 unit
  • General Property Info:_pound_ of Units: 3
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Concrete, Sump Pump
  • Heating: Forced Air, Natural Gas
  • Flooring: Carpet, Hardwood
  • Property Type: Resid/Multi-Family
  • Window Features: Blinds, Double Pane Windows
  • Basement:Concrete2: Yes
  • Basement:Sump Pump: Yes
  • Basement:Block2: Yes

Exterior Features

  • Roof: Shingle
  • Foundation Details: Combination
  • Lot Features: Corner Lot
  • RoadFrontageType: City Street
  • RoadSurfaceType: Asphalt
  • Construction Type: Wood Siding
  • Window Features:Double Pane Windows: Yes
  • Window Features:Blinds: Yes
  • Lot Features:Corner Lot: Yes

Garage/Parking

  • Parking Features: No Garage
  • Attached Garage: No
  • Parking Features:No Garage: Yes
  • General Property Info:Parking Total: 5
  • Parking Features:Garage Spaces2: 4

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Electric: 150 Amp Service
  • LaundryFeatures: In Basement
  • Utilities: 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: 4225.32
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2021
Closed on
Mar 7, 2022
Sold by
Sam Rental Llc
Bought by
Carlson Sydney
Seller's Agent
Peter MacIntyre
RE/MAX Real Estate Professionals
Buyer's Agent
Donovan Thomas
Five Star Real Estate - Lansing
List Price
$129,000
Sold Price
$105,000
Premium/Discount to List
-$24,000
-18.6%
Current Estimated Value
$156,766

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,766
Avg. Annual Appreciation
12.20%
Original Mortgage
$78,750
Outstanding Balance
$65,448
Interest Rate
3.15%
Mortgage Type
New Conventional
Estimated Equity
$90,573

Purchase Details

Closed on
Feb 19, 2014
Sold by
Bank Of America N A
Bought by
Sam Rental Llc

Purchase Details

Closed on
Dec 20, 2012
Sold by
Sherwood Joyce and Curtis Cassandra
Bought by
Bank Of America Na

Purchase Details

Closed on
Apr 30, 2008
Sold by
Sherwood Joyce
Bought by
Sherwood Joyce and Curtis Cassandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,022
Interest Rate
6.17%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 2, 2007
Sold by
Sherwood Joyce
Bought by
Sherwood Joyce and Curtis Cassandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,022
Interest Rate
6.33%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 19, 2007
Sold by
Curtis Cassandra L
Bought by
Sherwood Joyce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,022
Interest Rate
6.33%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 17, 2005
Sold by
Tnt Irrevocable Trust
Bought by
Curtis Cassandra L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,250
Interest Rate
9.44%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 9, 2005
Sold by
Tate James R and Pennington Tate Lorrie A
Bought by
The Tnt Irrevocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,250
Interest Rate
9.44%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 2, 2004
Sold by
Hoskins Eddie
Bought by
Deutsche Bank National Trust Co and Argent Securities Inc Asset Backed Pass

Purchase Details

Closed on
Feb 16, 2000
Sold by
Slater Roderick W
Bought by
Markey Family Investments Llc

Purchase Details

Closed on
Feb 16, 1999
Sold by
Smith Tracy J and Smith Tracy Jean
Bought by
Tate James R and Tate Lorrie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,000
Interest Rate
6.83%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 1, 1994
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
Carlson Sydney $105,000 Diversified National Title
Sam Rental Llc $18,750 Parks Title
Bank Of America Na $157,088 None Available
Sherwood Joyce -- None Available
Sherwood Joyce -- None Available
Sherwood Joyce $128,000 None Available
Curtis Cassandra L $125,000 Mids
The Tnt Irrevocable Trust -- Mid
Deutsche Bank National Trust Co $114,324 --
Markey Family Investments Llc $250 --
Tate James R $48,900 --
-- $45,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carlson Sydney $78,750
Previous Owner Sherwood Joyce $126,022
Previous Owner Sherwood Joyce $126,022
Previous Owner Curtis Cassandra L $106,250
Previous Owner Tate James R $68,800
Previous Owner Tate James R $44,000
Closed Curtis Cassandra L $6,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/07/2022 03/07/22 Sold $105,000 -18.6% $50 / Sq Ft
01/29/2022 01/29/22 Pending -- -- --
08/31/2021 08/31/21 For Sale $129,000 -- $62 / 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 $50 $75,700 $5,100 $70,600
2023 $5,798 $68,100 $5,100 $63,000
2022 $5,458 $60,000 $4,600 $55,400
2021 $3,940 $57,100 $5,100 $52,000
2020 $3,911 $52,800 $5,100 $47,700
2019 $3,769 $47,700 $5,100 $42,600
2018 $3,582 $44,800 $5,100 $39,700
2017 $3,444 $44,800 $5,100 $39,700
2016 $3,320 $44,000 $5,100 $38,900
2015 $3,320 $42,700 $10,119 $32,581
2014 $3,320 $42,200 $17,000 $25,200
Source: Public Records

Agents Affiliated with this Home

  • Peter MacIntyre

    Seller's Agent in 2022

    Peter MacIntyre

    RE/MAX Michigan

    (517) 256-6664

    9 in this area

    493 Total Sales

    Section Image
  • Donovan Thomas

    Buyer's Agent in 2022

    Donovan Thomas

    Five Star Real Estate - Lansing

    (517) 881-0952

    2 in this area

    72 Total Sales

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 259208

Greater Lansing Association of Realtors®

APN: 01-01-16-108-001

Michigan Ingham County Lansing 48933 Downtown Lansing

532 N Chestnut St, Lansing, MI

This home is located at 532 N Chestnut St, Lansing, MI 48933 since 31 August 2021 and is currently estimated at $156,021, approximately $74 per square foot. This property was built in 1880. 532 N Chestnut St 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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