NOT LISTED FOR SALE

5621 Hughes Rd Lansing, MI 48911

South Lansing Neighborhood

Estimated Value: $192,000 - $234,000

1 Bed
-- Bath
2,592 Sq Ft
$82/Sq Ft Est. Value

Last Sold May 12, 2021

Last sale price $163,000 $63 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $1,343/month

Highlights

  • Ranch Style House
  • Forced Air Heating System
  • Wood Siding

About This Home

As of May 2021

Great investment opportunity in Lansing!

This 4-unit apartment building is fully occupied. Units are 1-bed, 1-bath. Combined rents are $2,315 per month. per month. Tenants pay all utilities. All sales are subject to tenant rights. Property is being sold ''As Is''.

Last Agent to Sell the Property

Bradley Hillard

1st Choice Real Estate License #6502431508 Listed on: 03/11/2021

Co-Listed By

Jill Powell

1st Choice Real Estate License #6502350891

Last Buyer's Agent

Eli Abdalla

EXP Realty, LLC License #6501415335

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,620

Year Built

  • Built in 1974

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 97.5x133

Home Design

  • Ranch Style House
  • Shingle Roof
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 2,592 Sq Ft Home
  • Crawl Space
  • Laundry in unit

Parking

  • 8 Parking Spaces
  • No Garage

Utilities

  • No Cooling
  • Forced Air Heating System
  • Gas Water Heater

Community Details

Overview

  • 4 Units
  • Valleau City Subdivision

Building Details

  • New Taxes Expense $4,662

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,620

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Tax Year: 2020
  • Registered Licenses for Unrelated Occupants: 1
  • Unit Information License Register Exp: 2022-12-01
  • Levels: One, Multi/Split
  • Year Built: 1974
  • Lot Size Acres: 0.3
  • Lot Size: 97.5x133
  • Co List Office Mls Id: 1063
  • Co List Office Phone: 517-410-6750
  • Subdivision Name: Valleau City
  • Above Grade Finished Sq Ft: 2592.0
  • Architectural Style: Ranch, Other
  • General Property Info:Lot Size Dimensions: 97.5x133
  • General Property Info:Above Grade Finished Area: 2592.0
  • Laundry Features:Inside: Yes
  • Sewer:Public Sewer: Yes
  • Roof:Shingle: Yes
  • Levels:One: Yes
  • General Property Info:ECO Friendly Features: No
  • Exterior:Vinyl Siding: Yes
  • Architectural Style:Ranch: Yes
  • Exterior:Wood Siding: Yes
  • Cooling:None8: Yes
  • Tax Info:Taxes2: 3620.0
  • Tax Info:Zoning3: Multi-Family
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:Building 1 Description: 5621 Hughes
  • General Property Info:_pound_ of Units: 4
  • Levels:MultiSplit: Yes
  • Annual Inc Expense:Tax Expense2: 4662.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space
  • Heating: Forced Air
  • Property Type: Resid/Multi-Family
  • Basement:Crawl Space: Yes

Exterior Features

  • Roof: Shingle
  • RoadFrontageType: City Street
  • RoadSurfaceType: Asphalt
  • Construction Type: Vinyl Siding, Wood Siding

Garage/Parking

  • Parking Features: No Garage
  • Attached Garage: No
  • Parking Features:No Garage: Yes
  • General Property Info:Parking Total: 8

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • LaundryFeatures: Inside
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Heating:Forced Air: Yes

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Sq Ft: 13068.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Carrier Route: 3515

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2021
Closed on
May 11, 2021
Sold by
Michael A And Nancy J Spadafore Trust
Bought by
Webster John Francis and Smith Kellen Morgan
Seller's Agent
Bradley Hillard
1st Choice Real Estate
Buyer's Agent
Eli Abdalla
EXP Realty, LLC
List Price
$180,000
Sold Price
$163,000
Premium/Discount to List
-$17,000
-9.44%
Current Estimated Value
$213,025

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,025
Avg. Annual Appreciation
6.29%
Original Mortgage
$114,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 17, 2019
Sold by
Spadafore Michael A and Spadafore Nancy J
Bought by
Spadafore Michael A and Spadafore Nancy J

Purchase Details

Listed on
Sep 8, 2016
Closed on
Sep 7, 2016
Sold by
Hassankhani Karen and Angney Karen
Bought by
Spadafore Michael and Spadafore Nancy Jo
Seller's Agent
Alicia Bailey
Berkshire Hathaway HomeServices
Buyer's Agent
Jim Magnotta
Coldwell Banker Professionals-Delta
List Price
$84,900
Sold Price
$84,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.67%
Original Mortgage
$67,920
Interest Rate
3.45%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Nov 3, 1998
Bought by
Hassankhani Benham and Angney Ka
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Webster John Francis $153,000 Ata National Title Group Llc
Spadafore Michael A -- None Available
Spadafore Michael $84,900 None Available
Hassankhani Benham $85,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Spadafore Michael $67,920
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2021 05/12/21 Sold $163,000 -9.4% $63 / Sq Ft
03/22/2021 03/22/21 Pending -- -- --
03/18/2021 03/18/21 Price Changed $179,900 -0.1% $69 / Sq Ft
03/11/2021 03/11/21 For Sale $180,000 +112.0% $69 / Sq Ft
09/07/2016 09/07/16 Sold $84,900 0.0% $33 / Sq Ft
09/07/2016 09/07/16 Pending -- -- --
09/07/2016 09/07/16 For Sale $84,900 -- $33 / 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 $6,485 $108,500 $11,500 $97,000
2024 $52 $80,600 $11,500 $69,100
2023 $6,111 $70,500 $11,500 $59,000
2022 $5,781 $69,600 $7,300 $62,300
2021 $4,898 $64,700 $7,100 $57,600
2020 $4,663 $61,700 $7,100 $54,600
2019 $4,492 $57,900 $7,100 $50,800
2018 $4,271 $52,600 $7,100 $45,500
2017 $4,227 $52,600 $7,100 $45,500
2016 $3,931 $51,700 $7,100 $44,600
2015 $3,931 $50,700 $14,223 $36,477
2014 $3,931 $47,300 $23,112 $24,188
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2021

    Bradley Hillard

    1st Choice Real Estate

    (517) 410-6750

    3 in this area

    68 Total Sales

    Bradley Hillard
    Section Image

  • J

    Seller Co-Listing Agent in 2021

    Jill Powell

    1st Choice Real Estate

    Section Image

  • E

    Buyer's Agent in 2021

    Eli Abdalla

    EXP Realty, LLC

    Section Image

  • A

    Seller's Agent in 2016

    Alicia Bailey

    Berkshire Hathaway HomeServices

    Section Image
  • Jim Magnotta

    Buyer's Agent in 2016

    Jim Magnotta

    Coldwell Banker Professionals-Delta

    (517) 819-2977

    1 in this area

    23 Total Sales

    Jim Magnotta
    Section Image
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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 253583

Greater Lansing Association of Realtors®

APN: 01-05-05-326-012

Michigan Ingham County Lansing 48911 South Lansing

5621 Hughes Rd, Lansing, MI

This home is located at 5621 Hughes Rd, Lansing, MI 48911 since 11 March 2021 and is currently estimated at $213,025, approximately $82 per square foot. This property was built in 1974. 5621 Hughes Rd is a home located in Ingham County with nearby schools including Reo Elementary School, Attwood School, and Everett High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
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