Seller's Agent in 2023
Peter MacIntyre
RE/MAX Michigan
(517) 256-6664
11 in this area
501 Total Sales
533 Cherry St Lansing, MI 48933
Downtown Lansing NeighborhoodEstimated Value: $114,000 - $156,000
Studio
1
Bath
1,327
Sq Ft
$100/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Forced Air Heating and Cooling System
- Wood Siding
- Covered Patio or Porch
- Fenced
- 2-minute walk to Cherry Hill Park
About This Home
As of November 2023Welcome to 533 Cherry St. in the historic district. This well maintained 2 unit duplex has all utilities split so tenants pay their own gas/ electric/water/sewer. Helps make this a very profitable duplex. There are 4 parking spaces on a private driveway. Each unit has its own laundry in the basement. The 2 bedroom unit has nice hardwoods, stained glass windows and very nice size living and dining areas. There are tile floors in the kitchen as well as all appliances( including dishwasher). There is also a Studio apt with a mini split so they control their own heating and cooling. Always easy to rent.
Last Agent to Sell the Property
RE/MAX Real Estate Professionals License #6506040989 Listed on: 08/20/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,443
Year Built
- Built in 1890
Lot Details
- 4,792 Sq Ft Lot
- Lot Dimensions are 36x69
- Fenced
Home Design
- Brick Foundation
- Shingle Roof
- Wood Siding
Interior Spaces
- 1,327 Sq Ft Home
- 2-Story Property
- Blinds
Flooring
- Wood
- Tile
- Vinyl
Basement
- Basement Fills Entire Space Under The House
- Laundry in Basement
Parking
- 4 Parking Spaces
- Driveway
Outdoor Features
- Covered Patio or Porch
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Separate Meters
Listing and Financial Details
- Total Actual Rent $16,800
Community Details
Overview
- 2 Units
- Original Of Lansing Subdivision
Building Details
- Insurance Expense $746
- Maintenance Expense $900
- Other Expense $1,260
- New Taxes Expense $2,443
- Operating Expense $5,349
- Net Operating Income $11,451
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 20, 2023
Closed on
Dec 19, 2023
Sold by
Coleman Michael and Coleman Monica
Bought by
Cherry Maidens Llc
Seller's Agent
Peter MacIntyre
RE/MAX Real Estate Professionals
Buyer's Agent
Home Seekers
Berkshire Hathaway HomeServices
List Price
$139,900
Sold Price
$120,000
Premium/Discount to List
-$19,900
-14.22%
Views
240
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,252
Avg. Annual Appreciation
5.02%
Purchase Details
Listed on
Aug 20, 2023
Closed on
Nov 22, 2023
Sold by
Settimo Kenneth
Bought by
Coleman Michael and Coleman Monica
Seller's Agent
Peter MacIntyre
RE/MAX Real Estate Professionals
Buyer's Agent
Home Seekers
Berkshire Hathaway HomeServices
List Price
$139,900
Sold Price
$120,000
Premium/Discount to List
-$19,900
-14.22%
Views
240
Purchase Details
Closed on
Aug 2, 2006
Sold by
Wiegman W Paul and Early Stephen R
Bought by
Settimo Kenneth
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,232
Interest Rate
6.83%
Mortgage Type
FHA
Purchase Details
Closed on
Sep 26, 1996
Sold by
Hahn Walter E Sr Estate Of
Bought by
Wiegman Paul W and Early Step
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Cherry Maidens Llc | -- | None Listed On Document | |
| Coleman Michael | $120,000 | Diversified National Title | |
| Settimo Kenneth | $70,000 | None Available | |
| Wiegman Paul W | $25,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Settimo Kenneth | $89,232 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/22/2023 11/22/23 | Sold | $120,000 | -14.2% | $90 / Sq Ft |
| 10/31/2023 10/31/23 | Pending | -- | -- | -- |
| 08/20/2023 08/20/23 | For Sale | $139,900 | -- | $105 / Sq Ft |
Source: Greater Lansing Association of Realtors®
Tax History Compared to Growth
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 | $3,982 | $56,500 | $3,700 | $52,800 |
| 2024 | $33 | $47,700 | $3,700 | $44,000 |
| 2023 | $2,675 | $40,300 | $3,700 | $36,600 |
| 2022 | $2,443 | $37,200 | $2,900 | $34,300 |
| 2021 | $2,386 | $32,800 | $3,900 | $28,900 |
| 2020 | $2,370 | $31,700 | $3,900 | $27,800 |
| 2019 | $2,289 | $31,400 | $3,900 | $27,500 |
| 2018 | $2,171 | $28,300 | $3,900 | $24,400 |
| 2017 | $2,089 | $28,300 | $3,900 | $24,400 |
| 2016 | $2,066 | $27,800 | $3,900 | $23,900 |
| 2015 | $2,066 | $27,000 | $7,782 | $19,218 |
| 2014 | $2,066 | $27,400 | $13,000 | $14,400 |
Source: Public Records
Agents Affiliated with this Home
-
Peter MacIntyre
-
Home Seekers
H
Buyer's Agent in 2023
Home Seekers
Berkshire Hathaway HomeServices
(517) 300-3637
3 in this area
346 Total Sales
Map
Source: Greater Lansing Association of Realtors®
MLS Number: 275414
APN: 01-01-16-457-081
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Copyright © 2025 Greater Lansing Association of REALTORS®
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