Seller's Agent in 2021
Jeffrey Kelley
RE/MAX Michigan
(517) 999-2675
1 in this area
50 Total Sales
609 Manchester Ct Lansing, MI 48906
Old Town NeighborhoodEstimated Value: $107,000 - $218,432
--
Bed
4
Baths
2,736
Sq Ft
$66/Sq Ft
Est. Value
About This Home
As of August 2021Check this great investment opportunity located close to Downtown, Old Town, Sparrow and MSU! 4 unit rental with each unit having their own separate gas, electric and water meters with the separate water meters being extremely rare and profitable to the landlords. Landlord pays zero utilities! Three long term tenants are currently residing while Seller is looking for a 4th tenant. This has been a long term proven money maker. Recent improvements include a new roof as well as $17,400.00 in repairs and updates post 2019 rental housing inspection. Current rental license set to expire in the summer of 2023. Showings to be scheduled on request to be approved by tenants with at minimum 24 hour turnaround.
Last Agent to Sell the Property
RE/MAX Real Estate Professionals License #6501377659 Listed on: 08/05/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,785
Year Built
- Built in 1895
Lot Details
- 4,792 Sq Ft Lot
- Lot Dimensions are 49x99
Home Design
- Flat Roof Shape
- Vinyl Siding
Interior Spaces
- 2,736 Sq Ft Home
- 2-Story Property
- Laundry in unit
Parking
- 1 Parking Space
- Driveway
Utilities
- No Cooling
- Forced Air Heating System
Listing and Financial Details
- Total Actual Rent $24,000
Community Details
Overview
- 4 Units
Building Details
- Insurance Expense $565
- Maintenance Expense $6,000
- Other Expense $500
- New Taxes Expense $2,785
- Operating Expense $9,850
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 25, 2023
Sold by
Komarmy Jonathan
Bought by
Yvc Property Mangement Llc
Current Estimated Value
Purchase Details
Closed on
Oct 26, 2022
Sold by
Sabri Mike
Bought by
Komarmy Jonathan M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
6.02%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 31, 2022
Sold by
Tk Rentals Llc
Bought by
Sabri Mike
Purchase Details
Listed on
Aug 5, 2021
Closed on
Aug 31, 2021
Sold by
Web Property Mgt Llc
Bought by
Tk Rentals Llc
Seller's Agent
Jeffrey Kelley
RE/MAX Real Estate Professionals
Buyer's Agent
Rose Gedeon
Home Towne Real Estate
List Price
$169,900
Sold Price
$162,000
Premium/Discount to List
-$7,900
-4.65%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.69%
Purchase Details
Closed on
Jan 23, 2008
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Web Property Mgt Llc
Purchase Details
Closed on
Jun 21, 2007
Sold by
Stricker Daniel and Stricker Tammy M
Bought by
Federal Home Loan Mortgage Corporation
Purchase Details
Closed on
Oct 10, 2003
Sold by
Tibaldi Joseph and Tibaldi Patricia
Bought by
Stricker Daniel and Stricker Tammy M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,900
Interest Rate
6.04%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 11, 2002
Sold by
Trosper James and Trosper Sandra
Bought by
Tibaldi Joseph and Tibaldi Patricia
Purchase Details
Closed on
May 9, 2000
Sold by
Pettit Merle A and Pettit Blanche L
Bought by
Trosper James and Trosper Sandra
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Yvc Property Mangement Llc | -- | None Listed On Document | |
| Komarmy Jonathan M | $180,000 | -- | |
| Sabri Mike | $173,000 | Diversified National Title | |
| Tk Rentals Llc | $162,000 | None Available | |
| Web Property Mgt Llc | $30,002 | Attorneys Title Agency Llc | |
| Federal Home Loan Mortgage Corporation | $99,909 | None Available | |
| Stricker Daniel | $119,900 | Transnation Title | |
| Tibaldi Joseph | $105,000 | Trans | |
| Trosper James | $44,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Komarmy Jonathan M | $135,000 | |
| Previous Owner | Web Property Mgt Llc | $59,000 | |
| Previous Owner | Stricker Daniel | $89,900 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/31/2021 08/31/21 | Sold | $162,000 | -4.6% | $59 / Sq Ft |
| 08/11/2021 08/11/21 | Pending | -- | -- | -- |
| 08/05/2021 08/05/21 | For Sale | $169,900 | -- | $62 / Sq Ft |
Source: Greater Lansing Association of Realtors®
Tax History Compared to Growth
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 | $5,381 | $78,500 | $4,300 | $74,200 |
| 2024 | $42 | $77,900 | $4,300 | $73,600 |
| 2023 | $5,074 | $57,500 | $4,300 | $53,200 |
| 2022 | $4,501 | $52,800 | $3,200 | $49,600 |
| 2021 | $2,808 | $46,000 | $3,400 | $42,600 |
| 2020 | $2,785 | $41,400 | $3,400 | $38,000 |
| 2019 | $2,672 | $38,700 | $3,400 | $35,300 |
| 2018 | $2,550 | $34,500 | $3,400 | $31,100 |
| 2017 | $2,447 | $34,500 | $3,400 | $31,100 |
| 2016 | $2,349 | $29,600 | $3,400 | $26,200 |
| 2015 | $2,349 | $28,400 | $6,842 | $21,558 |
| 2014 | $2,349 | $27,400 | $6,842 | $20,558 |
Source: Public Records
Agents Affiliated with this Home
-
Jeffrey Kelley
-
Peter MacIntyre
Seller Co-Listing Agent in 2021
Peter MacIntyre
RE/MAX Michigan
(517) 256-6664
1 in this area
493 Total Sales
-
Rose Gedeon
R
Buyer's Agent in 2021
Rose Gedeon
Home Towne Real Estate
(517) 803-7573
1 in this area
88 Total Sales
Map
Source: Greater Lansing Association of Realtors®
MLS Number: 258352
APN: 01-01-09-481-041
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