$84,900
SOLD SEP 7, 2016

Lansing, MI 48911

South Lansing Neighborhood
-- Bed
-- Bath
2,592 Sq Ft
0.3 Acres

Recently Sold

$33 Per Sq Ft

Highlights

  • Ranch Style House
  • Forced Air Heating System
  • Wood Siding
  • Window Unit Cooling System

About This Home

As of May 2021

Welcome to 5621 Hughes, this income property has four 1 bed 1 bath units. Well-maintained and great income maker. Seller is liquidating rentals, has 3 leases in place and 1 vacant unit. Vacant unit is available for showing. If you want to see all identical units will need 24 hour notice for tenants.

Last Agent to Sell the Property

Alicia Bailey

Berkshire Hathaway HomeServices License #6501374714 Listed on: 09/08/2016

Berkshire Hathaway HomeServices

Last Buyer's Agent

Jim Magnotta

Coldwell Banker Professionals-Delta License #6501380860

Coldwell Banker Professionals-Delta

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1974

Home Design

  • Ranch Style House
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 2,592 Sq Ft Home
  • Crawl Space
  • Fire and Smoke Detector

Parking

  • 6 Parking Spaces
  • No Garage

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Electric Water Heater

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Tax Year: 15
  • Total Ovens: 4
  • Total Ranges: 4
  • Total Refrigerators: 4
  • Levels: One
  • Year Built: 1974
  • Lot Size: IRREG
  • Above Grade Finished Sq Ft: 2592.0
  • Architectural Style: Ranch
  • General Property Info:Lot Size Dimensions: IRREG
  • General Property Info:Above Grade Finished Area: 2592.0
  • Sewer:Public Sewer: Yes
  • Cooling:Window Unit(s): Yes
  • Security Features:Smoke Detector(s): Yes
  • Levels:One: Yes
  • General Property Info:ECO Friendly Features: No
  • Exterior:Vinyl Siding: Yes
  • Architectural Style:Ranch: Yes
  • Exterior:Wood Siding: Yes
  • Tax Info:Taxes2: 3833.0
  • Tax Info:Zoning3: Multi-Family
  • General Property Info:_pound_ of Units: 4
  • Water Heater:Electric Water Heater2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • 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: 6

Utilities

  • Sewer: Public Sewer
  • Cooling: Window Unit(s)
  • Water Source: Public
  • Cooling Y N: Yes
  • 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
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 Type Sale Price Title Company
Warranty Deed $153,000 Ata National Title Group Llc
Interfamily Deed Transfer -- None Available
Warranty Deed $84,900 None Available
Warranty Deed $85,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $67,920 Future Advance Clause Open End Mortgage
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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Source: Greater Lansing Association of Realtors®

MLS Number: 85753

Greater Lansing Association of Realtors®

APN: 01-05-05-326-012

Michigan Ingham County Lansing 48911

South Lansing

This home and is currently priced at $84,900, approximately $32 per square foot. This property was built in 1974. This home is a home located in Ingham County with nearby schools including Reo Elementary School, Attwood School, and Everett High School.

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