NOT LISTED FOR SALE

5800 Wise Rd Lansing, MI 48911

Southern Lansing Neighborhood

Estimated Value: $129,000 - $179,000

-- Bed
1 Bath
1,496 Sq Ft
$106/Sq Ft Est. Value

Last Sold June 17, 2021

Last sale price $118,500 $79 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $1,000/month

3 Days on Market

Highlights

  • Wooded Lot
  • Forced Air Heating and Cooling System
  • Private Entrance
  • Ranch Style House
  • 1 Car Garage
  • Wood Siding

About This Home

As of June 2021

2 bedroom, 1 bathroom duplex with a full basement. Backs up to a wooded area so you don't have to worry about anyone behind you. 1 car garage with room to park on the driveway as well. Perfect for your next investment property. 1 unit has central air.

Last Agent to Sell the Property

Scott Sparkia

RE/MAX Real Estate Professionals, Inc. West License #6501429900 Listed on: 05/21/2021

Last Buyer's Agent

Angela Averill

Century 21 Affiliated License #6501312624

Century 21 Affiliated

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1984

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 82x130
  • Private Entrance
  • Wooded Lot
  • Back Yard

Home Design

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

Interior Spaces

  • 1,496 Sq Ft Home
  • Vinyl Flooring
  • Washer and Electric Dryer Hookup

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 1 Car Garage
  • Driveway

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $16,200

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $681
  • New Taxes Expense $3,536
  • Net Operating Income $11,983

Property Details

Home Type

Multi-Family

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Gross Rent: 16200.0
  • Net Income: 11983.0
  • Tax Year: 2020
  • Levels: One
  • Year Built: 1984
  • Lot Size Acres: 0.25
  • Lot Size: 82x130
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 1496.0
  • Architectural Style: Ranch
  • General Property Info:Lot Size Dimensions: 82x130
  • General Property Info:Above Grade Finished Area: 1496.0
  • Laundry Features:Electric Dryer Hookup: Yes
  • Laundry Features:In Basement: Yes
  • Laundry Features:Washer Hookup: Yes
  • Sewer:Public Sewer: Yes
  • Roof:Shingle: Yes
  • Security Features:Smoke Detector(s): Yes
  • Levels:One: Yes
  • Cooling:Central Air: Yes
  • Exterior:Vinyl Siding: Yes
  • Architectural Style:Ranch: Yes
  • Exterior:Wood Siding: Yes
  • Flooring:Vinyl2: Yes
  • Security Features:Carbon Monoxide Detector(s): Yes
  • Tax Info:Taxes2: 3536.0
  • Tax Info:Zoning3: Residential
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:Building 1 Description: Duplex
  • General Property Info:_pound_ of Units: 2
  • Annual Inc Expense:Insurance4: 681.0
  • Annual Inc Expense:Tax Expense2: 3536.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Heating: Forced Air, Natural Gas
  • Flooring: Vinyl
  • Property Type: Resid/Multi-Family
  • Full Basement: Yes
  • Laundry Features:In Unit: Yes

Exterior Features

  • Roof: Shingle
  • ExteriorFeatures: Private Entrance
  • Lot Features: Back Yard, Wooded
  • RoadFrontageType: City Street
  • Construction Type: Vinyl Siding, Wood Siding
  • Lot Features:Back Yard2: Yes
  • Lot Features:Wooded2: Yes
  • Exterior Features:Private Entrance: Yes

Garage/Parking

  • Parking Features: Driveway, Garage
  • Attached Garage: No
  • Parking Features:Driveway: Yes
  • Parking Features:Garage2: Yes
  • Misc Business Info:_pound_ Parking: 3
  • General Property Info:Parking Total: 3
  • Parking Features:Garage Spaces2: 1

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • LaundryFeatures: Electric Dryer Hookup, In Basement, In Unit, Washer Hookup
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Sq Ft: 10890.0
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2021
Closed on
Jun 17, 2021
Sold by
Goodman Family Trust
Bought by
Fj Investments Llc
Seller's Agent
Scott Sparkia
RE/MAX Real Estate Professionals, Inc. West
Buyer's Agent
Angela Averill
Century 21 Affiliated
List Price
$130,000
Sold Price
$118,500
Premium/Discount to List
-$11,500
-8.85%
Current Estimated Value
$159,251

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,751
Avg. Annual Appreciation
6.87%

Purchase Details

Closed on
Mar 19, 2015
Sold by
Goodman Dennis L and Goodman Teresa M
Bought by
Goodman Family Trust
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
Fj Investments Llc $118,500 Ata National Title Group Llc
Goodman Family Trust -- None Available
Goodman Dennis J -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/17/2021 06/17/21 Sold $118,500 -8.8% $79 / Sq Ft
05/24/2021 05/24/21 Pending -- -- --
05/21/2021 05/21/21 For Sale $130,000 -- $87 / 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 $6,677 $83,700 $9,500 $74,200
2024 $56 $87,100 $9,500 $77,600
2023 $6,282 $83,400 $9,500 $73,900
2022 $5,734 $72,100 $6,100 $66,000
2021 $3,561 $47,600 $5,900 $41,700
2020 $3,536 $47,600 $5,900 $41,700
2019 $3,412 $47,900 $5,900 $42,000
2018 $3,239 $41,700 $5,900 $35,800
2017 $3,204 $41,700 $5,900 $35,800
2016 $3,286 $40,900 $5,900 $35,000
2015 $3,286 $40,900 $11,826 $29,074
2014 $3,286 $43,100 $19,218 $23,882
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Scott Sparkia

    RE/MAX Michigan

  • Angela Averill

    Buyer's Agent in 2021

    Angela Averill

    Century 21 Affiliated

    (517) 712-5949

    32 in this area

    448 Total Sales

    Angela Averill
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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 255688

Greater Lansing Association of Realtors®

APN: 01-05-06-301-081

Michigan Ingham County Lansing 48911 Southern Lansing

5800 Wise Rd, Lansing, MI

Not Listed for Sale

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