NOT LISTED FOR SALE

616 Cherry St Lansing, MI 48933

Downtown Lansing Neighborhood

Estimated Value: $114,000 - $179,642

Studio
1 Bath
1,502 Sq Ft
$102/Sq Ft Est. Value

Last Sold October 18, 2023

Last sale price $167,000 $111 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $1,176/month

28 Days on Market

Highlights

  • Cooling Available
  • Ceiling Fan
  • 2-minute walk to Cherry Hill Park
  • Forced Air Heating System

About This Home

As of October 2023

This delightful duplex presents a unique opportunity in the heart of Lansing area close to Cooley Law School, State Capital, Sparrow Hospital and minutes to MSU. Comprising two distinct living spaces, it's an ideal setup for both investors and homeowners seeking flexibility and potential rental income. The main-level unit exudes a sense of modern comfort with its cozy fireplace, beautifully updated kitchen and bath complete with sleek finishes and contemporary amenities. . Upstairs, the second-level unit boasts two bedrooms, a functional economy kitchen and bathroom. The duplex's layout ensures both privacy and easy accessibility. Located in a prime area, residents will appreciate the convenience of nearby amenities. MOTIVATED SELLER Don't miss the possibilities this property has to offer!

Last Agent to Sell the Property

Amy Jackson

Coldwell Banker Professionals-E.L. License #6501394590 Listed on: 08/18/2023

Coldwell Banker Professionals-E.L.

Last Buyer's Agent

Bradley Frary

RE/MAX Real Estate Professionals License #6502384889

RE/MAX Real Estate Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,182

Year Built

  • Built in 1906

Lot Details

  • Lot Dimensions are 46x42

Parking

  • Driveway

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,502 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Basement Fills Entire Space Under The House

Utilities

  • Cooling Available
  • Forced Air Heating System

Community Details

  • 2 Units

Listing and Financial Details

  • Total Actual Rent $24,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,182

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Gross Rent: 24000.0
  • Tax Year: 2022
  • Registered Licenses for Unrelated Occupants: cr22-0140
  • Unit Information License Register Exp: 2024-12-31
  • Levels: Two
  • Year Built: 1906
  • Lot Size: 46x42
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 1502.0
  • General Property Info:Lot Size Dimensions: 46x42
  • General Property Info:Above Grade Finished Area: 1502.0
  • Levels:Two2: Yes
  • Sewer:Public Sewer: Yes
  • Exterior:Brick: Yes
  • Tax Info:Taxes2: 3181.7
  • Tax Info:Zoning3: Residential
  • General Property Info:Building 1 Description: 616
  • General Property Info:_pound_ of Units: 2
  • Cooling:Ceiling Fan(s)2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Heating: Forced Air
  • Property Type: Resid/Multi-Family
  • Full Basement: Yes

Exterior Features

  • Construction Type: Brick

Garage/Parking

  • Parking Features: Driveway
  • Attached Garage: No
  • Parking Features:Driveway: Yes
  • General Property Info:Parking Total: n/a

Utilities

  • Sewer: Public Sewer
  • Cooling: Ceiling Fan(s)
  • LaundryFeatures: None
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Heating:Forced Air: Yes

Schools

  • Junior High Dist: Lansing

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Carrier Route: 2404

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2023
Closed on
Oct 18, 2023
Sold by
Irvine Hayden
Bought by
Heminger Carts
Seller's Agent
Amy Jackson
Coldwell Banker Professionals-E.L.
Buyer's Agent
Bradley Frary
RE/MAX Real Estate Professionals
List Price
$195,000
Sold Price
$167,000
Premium/Discount to List
-$28,000
-14.36%
Views
48
Current Estimated Value
$153,911

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$13,089
Avg. Annual Appreciation
-3.58%
Original Mortgage
$158,650
Outstanding Balance
$155,131
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
-$1,220

Purchase Details

Closed on
May 12, 2021
Sold by
Hai Investments Llc
Bought by
Irvine Hayden

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,500
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 19, 2020
Sold by
Pfifer Chris
Bought by
Hai Investments

Purchase Details

Closed on
Oct 2, 2020
Sold by
Dillard Willie
Bought by
Pfeifer Chris

Purchase Details

Closed on
Jul 16, 2020
Sold by
Dillard Gerry and Dillard Willie G
Bought by
Credit Suisse First Boston Mtg Securitie and U S Bank National Association

Purchase Details

Closed on
Dec 1, 1994
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Heminger Carts $167,000 None Listed On Document
Irvine Hayden -- Sun Title Agency Of Mi Llc
Hai Investments $10,000 None Available
Pfeifer Chris $5,000 None Listed On Document
Credit Suisse First Boston Mtg Securitie $45,837 None Available
-- $38,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Heminger Carts $158,650
Previous Owner Irvine Hayden $38,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/18/2023 10/18/23 Sold $167,000 -10.9% $111 / Sq Ft
09/15/2023 09/15/23 Pending -- -- --
08/31/2023 08/31/23 Price Changed $187,500 -3.8% $125 / Sq Ft
08/18/2023 08/18/23 For Sale $195,000 -- $130 / 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 $4,446 $67,700 $3,700 $64,000
2024 $36 $58,100 $3,700 $54,400
2023 $3,446 $43,900 $3,700 $40,200
2022 $3,160 $40,500 $2,900 $37,600
2021 $3,088 $35,600 $3,900 $31,700
2020 $2,294 $34,300 $3,900 $30,400
2019 $2,203 $34,100 $3,900 $30,200
2018 $2,101 $31,600 $3,900 $27,700
2017 $2,701 $31,600 $3,900 $27,700
2016 $1,936 $31,000 $3,900 $27,100
2015 $1,936 $30,000 $7,731 $22,269
2014 $1,936 $30,100 $13,000 $17,100
Source: Public Records

Agents Affiliated with this Home

  • Amy Jackson

    Seller's Agent in 2023

    Amy Jackson

    Coldwell Banker Professionals-E.L.

    (517) 203-8760

    1 in this area

    120 Total Sales

    Amy Jackson
    Section Image
  • Bradley Frary

    Buyer's Agent in 2023

    Bradley Frary

    RE/MAX Michigan

    (517) 643-5294

    1 in this area

    86 Total Sales

    Bradley Frary
    Section Image
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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 275398

Greater Lansing Association of Realtors®

APN: 01-01-16-459-081

Michigan Ingham County Lansing 48933 Downtown Lansing

616 Cherry St, Lansing, MI

Not Listed for Sale

MultiFamily

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