NOT LISTED FOR SALE

607 N Walnut St Lansing, MI 48933

Downtown Lansing Neighborhood

Estimated Value: $181,000 - $202,000

-- Bed
-- Bath
2,317 Sq Ft
$83/Sq Ft Est. Value

Last Sold September 25, 2019

Last sale price $126,000 $54 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $1,207/month

21 Days on Market

Highlights

  • 0.25 Acre Lot
  • Forced Air Heating System
  • 3-minute walk to Ferris Park

About This Home

As of September 2019

Excellent investment property! 4 units with great rental history. Close to public transportation, LCC, Cooley Law School and Downtown Lansing. Ample parking!

Last Agent to Sell the Property

Jamie Bates

Berkshire Hathaway HomeServices License #6506047047 Listed on: 08/30/2019

Last Buyer's Agent

Non Member

Non Member Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1865

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 66x165

Home Design

  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,317 Sq Ft Home
  • 2-Story Property
  • Fire and Smoke Detector

Basement

  • Basement Fills Entire Space Under The House
  • Michigan Basement

Parking

  • 6 Parking Spaces
  • No Garage
  • Gravel Driveway
  • Dirt Driveway

Utilities

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

Listing and Financial Details

  • Total Actual Rent $2,395

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $550
  • Insurance Expense $132
  • Manager Expense $200
  • Other Expense $98
  • Water Sewer Expense $400

Property Details

Home Type

Multi-Family

Year Built

Built in 1865

Lot Details

0

Listing Details

  • Gross Rent: 2395.0
  • Miscellaneous: 97.5
  • Water Sewer Expenses: 400.0
  • Misc Business Info Parking Surface: DIRT GRAVEL
  • Tax Year: 2019
  • Registered Licenses for Unrelated Occupants: 4
  • Misc Business Info Overall Building Siz: 2317
  • Levels: Two
  • Year Built: 1865
  • Lot Size Acres: 0.25
  • Lot Size: 66X165
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 2317.0
  • General Property Info:Lot Size Dimensions: 66X165
  • General Property Info:Above Grade Finished Area: 2317.0
  • Levels:Two2: Yes
  • Sewer:Public Sewer: Yes
  • Roof:Shingle: Yes
  • Security Features:Smoke Detector(s): Yes
  • Exterior:Vinyl Siding: Yes
  • Parking Features:Dirt3: Yes
  • Tax Info:Taxes2: 4258.58
  • Tax Info:Zoning3: Multi-Family
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:Building 1 Description: RESIDENTIAL/MULTI-FAM
  • General Property Info:_pound_ of Units: 4
  • Annual Inc Expense:Insurance4: 131.68
  • Annual Inc Expense:Management3: 200.0
  • Annual Inc Expense:Electricity5: 550.0
  • 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
  • Construction Type: Vinyl Siding

Garage/Parking

  • Parking Features: Dirt, Gravel, No Garage
  • Attached Garage: No
  • Parking Features:Gravel2: Yes
  • Parking Features:No Garage: Yes
  • Misc Business Info:_pound_ Parking: 6
  • General Property Info:Parking Total: 6

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • 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

Closed on
Apr 10, 2024
Sold by
Frandorson Properties
Bought by
Lotus One Llc
Current Estimated Value
$193,279

Purchase Details

Listed on
Aug 30, 2019
Closed on
Oct 3, 2019
Sold by
Scout One Llc
Bought by
Frandorson Properties
Seller's Agent
Jamie Bates
Berkshire Hathaway HomeServices
Buyer's Agent
Non Member
Non Member Office
List Price
$134,900
Sold Price
$126,000
Premium/Discount to List
-$8,900
-6.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.17%

Purchase Details

Listed on
Aug 30, 2019
Closed on
Sep 25, 2019
Sold by
Blake A Weston and Blake Jill M Weston Rlt
Bought by
Scout One Llc
Seller's Agent
Jamie Bates
Berkshire Hathaway HomeServices
Buyer's Agent
Non Member
Non Member Office
List Price
$134,900
Sold Price
$126,000
Premium/Discount to List
-$8,900
-6.6%

Purchase Details

Closed on
Aug 24, 2016
Sold by
Weston Blake A and Weston Jill M
Bought by
Blake A Weston and Blake Jill M Weston Revocab

Purchase Details

Closed on
Oct 11, 2002
Sold by
Barnett Christopher P and Lester Judith A
Bought by
Weston Blake

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,500
Interest Rate
6.18%

Purchase Details

Closed on
Mar 1, 1992
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
Lotus One Llc $255,000 Transnation Title
Frandorson Properties -- None Available
Scout One Llc $126,000 Title Resource Agency
Blake A Weston -- None Available
Weston Blake $135,000 --
-- $56,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Weston Blake $121,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/25/2019 09/25/19 Sold $126,000 -6.6% $54 / Sq Ft
09/20/2019 09/20/19 Pending -- -- --
08/30/2019 08/30/19 For Sale $134,900 -- $58 / 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 $7,181 $91,900 $8,300 $83,600
2024 $58 $87,300 $8,300 $79,000
2023 $6,765 $78,700 $8,300 $70,400
2022 $5,402 $69,400 $7,400 $62,000
2021 $5,279 $66,200 $8,300 $57,900
2020 $5,239 $61,700 $8,300 $53,400
2019 $4,259 $55,900 $8,300 $47,600
2018 $4,050 $51,900 $8,300 $43,600
2017 $3,893 $51,900 $8,300 $43,600
2016 $3,738 $51,000 $8,300 $42,700
2015 $3,738 $49,500 $16,500 $33,000
2014 $3,738 $46,700 $19,500 $27,200
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    Jamie Bates

    Berkshire Hathaway HomeServices

  • N

    Buyer's Agent in 2019

    Non Member

    Non Member Office

See All Agents

Map

Source: Greater Lansing Association of Realtors®

MLS Number: 240350

Greater Lansing Association of Realtors®

APN: 01-01-16-104-091

Michigan Ingham County Lansing 48933 Downtown Lansing

607 N Walnut St, Lansing, MI

Not Listed for Sale

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