NOT LISTED FOR SALE

534 Cherry St Lansing, MI 48933

Downtown Lansing Neighborhood

Estimated Value: $128,000 - $188,000

4 Beds
2 Baths
1,650 Sq Ft
$91/Sq Ft Est. Value

Last Sold November 08, 2018

Last sale price $47,000 $28 Per Sq Ft

Est. 221% increase in value since last sale

Current estimated payment $1,034/month

82 Days on Market

Highlights

  • Covered Patio or Porch
  • Forced Air Heating System
  • 3-minute walk to Cherry Hill Park
  • 3 Car Attached Garage
  • Wood Siding

About This Home

As of November 2018

Turn this home into the beauty she once was! There is so much potential in this historical home from the original hardwood floors, doors to the 7'' & 10'' original wood trim throughout home as well as the gorgeous molding separating Dining from Living rooms, fireplace in the Dining room. Currently licensed as a rental / 2-unit but definitely could be a wonderful single family home again! Walk to downtown Lansing, REO town, river walk, park, close to expressway, Lugnuts stadium, Cooley law school, MSU and so much more! Downtown Lansing is booming again with renovations all over and new businesses coming to town. With a little TLC it can be everything you are looking for in a home! With full price offer Seller will install central air. Cash or Conventional buyers only please!

Last Agent to Sell the Property

June Rochon

Real Estate One 1st License #6501294525 Listed on: 08/03/2018

Real Estate One 1st

Last Buyer's Agent

June Rochon

Real Estate One 1st License #6501294525 Listed on: 08/03/2018

Real Estate One 1st

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 2,614

Parking

  • 3 Car Attached Garage

Home Design

  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 1,650 Sq Ft Home
  • 2-Story Property
  • Fire and Smoke Detector

Basement

  • Basement Fills Entire Space Under The House
  • Michigan Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Electric Water Heater

Additional Features

  • Covered Patio or Porch
  • Lot Dimensions are 38x64

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Misc Business Info Parking Surface: concrete
  • Misc Business Info Roof Type: shingle
  • Tax Year: 2018
  • Registered Licenses for Unrelated Occupants: 1
  • Unit Information License Register Exp: 2020-07-01
  • Levels: Two
  • Year Built: 1910
  • Lot Size: 38x64
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 1650.0
  • General Property Info:Lot Size Dimensions: 38x64
  • General Property Info:Above Grade Finished Area: 1650.0
  • Levels:Two2: Yes
  • Sewer:Public Sewer: Yes
  • Roof:Shingle: Yes
  • Security Features:Smoke Detector(s): Yes
  • Exterior:Wood Siding: Yes
  • Tax Info:Taxes2: 2329.0
  • Tax Info:Zoning3: Residential
  • General Property Info:Building 1 Description: Multi unit
  • General Property Info:_pound_ of Units: 2
  • Water Heater:Electric Water Heater2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Roof: Shingle
  • Patio And Porch Features: Covered
  • Construction Type: Wood Siding
  • Patio Porch Features:Covered: Yes

Garage/Parking

  • Parking Features: Attached
  • Attached Garage: Yes
  • Parking Features:Attached: Yes
  • Misc Business Info:_pound_ Parking: 3
  • General Property Info:Parking Total: 2

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Schools

  • Junior High Dist: Lansing

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2018
Closed on
Nov 6, 2018
Sold by
Tan Yip
Bought by
Al Zoughbi Lucas and Saba Jessica
Seller's Agent
June Rochon
Real Estate One 1st
Buyer's Agent
June Rochon
Real Estate One 1st
List Price
$52,900
Sold Price
$47,000
Premium/Discount to List
-$5,900
-11.15%
Current Estimated Value
$150,851

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,851
Avg. Annual Appreciation
17.53%
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
Al Zoughbi Lucas $47,000 Transnation Title Agency
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/08/2018 11/08/18 Sold $47,000 -11.2% $28 / Sq Ft
10/24/2018 10/24/18 Pending -- -- --
08/03/2018 08/03/18 For Sale $52,900 -- $32 / 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 $3,003 $67,800 $3,700 $64,100
2024 $23 $57,200 $3,700 $53,500
2023 $2,820 $48,200 $3,700 $44,500
2022 $2,552 $44,500 $2,900 $41,600
2021 $2,500 $39,100 $3,900 $35,200
2020 $2,483 $37,700 $3,900 $33,800
2019 $2,339 $37,400 $3,900 $33,500
2018 $2,473 $34,600 $3,900 $30,700
2017 $2,354 $34,600 $3,900 $30,700
2016 $2,189 $34,000 $3,900 $30,100
2015 $2,189 $32,900 $7,849 $25,051
2014 $2,189 $32,700 $13,000 $19,700
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    June Rochon

    Real Estate One 1st

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 229165

Greater Lansing Association of Realtors®

APN: 01-01-16-456-071

Michigan Ingham County Lansing 48933 Downtown Lansing

534 Cherry St, Lansing, MI

Not Listed for Sale

MultiFamily

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