NOT LISTED FOR SALE

5810 Wise Rd Lansing, MI 48911

South Lansing Neighborhood

Estimated Value: $175,000 - $186,387

-- Bed
1 Bath
1,496 Sq Ft
$121/Sq Ft Est. Value

Last Sold June 16, 2021

Last sale price $237,000 $158 Per Sq Ft

Est. 24% decrease in value since last sale

Current estimated payment $1,137/month

Highlights

  • Ranch Style House
  • Forced Air Heating and Cooling System
  • Carpet
  • 1 Car Attached Garage
  • Wood Siding
  • Back Yard

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

Est. Annual Taxes

  • $3,536

Year Built

  • Built in 1985

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 83x129
  • Back Yard

Parking

  • 1 Car Attached Garage

Home Design

  • 1,496 Sq Ft Home
  • Duplex
  • Ranch Style House
  • Shingle Roof
  • Wood Siding
  • Vinyl Siding

Flooring

  • Carpet
  • Vinyl

Laundry

  • Washer and Electric Dryer Hookup

Basement

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

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 $686
  • New Taxes Expense $3,536
  • Net Operating Income $11,978

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,536

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Gross Rent: 16200.0
  • Net Income: 11978.0
  • Tax Year: 2020
  • Levels: One
  • Year Built: 1985
  • Lot Size Acres: 0.25
  • Lot Size: 83x129
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 1496.0
  • Architectural Style: Ranch
  • General Property Info:Lot Size Dimensions: 83x129
  • 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
  • Flooring:Carpet: Yes
  • Sewer:Public Sewer: Yes
  • Roof:Shingle: Yes
  • Levels:One: Yes
  • Cooling:Central Air: Yes
  • Exterior:Vinyl Siding: Yes
  • Architectural Style:Ranch: Yes
  • Exterior:Wood Siding: Yes
  • Flooring:Vinyl2: 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: 686.0
  • Annual Inc Expense:Tax Expense2: 3536.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Roof: Shingle
  • Lot Features: Back Yard
  • RoadFrontageType: City Street
  • RoadSurfaceType: Paved
  • Construction Type: Vinyl Siding, Wood Siding
  • Lot Features:Back Yard2: Yes

Garage/Parking

  • Parking Features: Attached, Garage
  • Attached Garage: Yes
  • Parking Features:Attached: 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
F J 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
$237,000
Premium/Discount to List
$107,000
82.31%
Current Estimated Value
$181,097

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$55,903
Avg. Annual Appreciation
-6.09%

Purchase Details

Closed on
Mar 19, 2015
Sold by
Goodman Dennis L and Goodman Teresa M
Bought by
Goodman Family Trust

Purchase Details

Closed on
Aug 29, 1997
Bought by
Dennis L Goodman
Source: Public Records

Range of Values:

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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
F J Investments Llc $118,500 Ata National Title Group Llc
Goodman Family Trust -- None Available
Goodman Dennis L -- None Available
Dennis L Goodman $67,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2021 06/16/21 Sold $237,000 +82.3% $158 / 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 $6,650 $83,500 $9,700 $73,800
2024 $55 $86,900 $9,700 $77,200
2023 $6,257 $83,100 $9,700 $73,400
2022 $5,711 $71,800 $6,200 $65,600
2021 $3,561 $47,400 $6,000 $41,400
2020 $3,536 $47,400 $6,000 $41,400
2019 $3,412 $47,700 $6,000 $41,700
2018 $3,239 $41,600 $6,000 $35,600
2017 $3,204 $41,600 $6,000 $35,600
2016 $3,278 $40,900 $6,000 $34,900
2015 $3,278 $40,900 $11,970 $28,930
2014 $3,278 $43,100 $19,452 $23,648
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

    31 in this area

    448 Total Sales

    Angela Averill
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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 255691

Greater Lansing Association of Realtors®

APN: 01-05-06-301-071

Michigan Ingham County Lansing 48911 South Lansing

5810 Wise Rd, Lansing, MI

This home is located at 5810 Wise Rd, Lansing, MI 48911 since 21 May 2021 and is currently estimated at $181,097, approximately $121 per square foot. This property was built in 1985. 5810 Wise 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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