NOT LISTED FOR SALE

717 N Sycamore St Lansing, MI 48906

Old Forest Neighborhood

Estimated Value: $123,000 - $135,000

-- Bed
-- Bath
1,498 Sq Ft
$85/Sq Ft Est. Value

Last Sold April 30, 2021

Last sale price $50,000 $33 Per Sq Ft

Est. 154% increase in value since last sale

Current estimated payment $711/month

16 Days on Market

About This Home

As of April 2021

Great investment opportunity in Lansing!

This duplex has two 2-bedroom units. Rents are $635 & $585 per month. Lease on occupied unit expires 08/10/21.

All sales are subject to tenant rights. Property is being sold ''As Is''.

Last Listed By

Jill Powell

1st Choice Real Estate License #6502350891 Listed on: 03/11/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1899

Lot Details

  • 4,748 Sq Ft Lot
  • Lot Dimensions are 41 x 115

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,498 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Parking

  • 2 Parking Spaces
  • Driveway

Utilities

  • No Cooling
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $14,640

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $251
  • Maintenance Expense $1,175
  • Water Sewer Expense $323
  • New Taxes Expense $2,376

Property Details

Home Type

Multi-Family

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Gross Rent: 14640.0
  • Water Sewer Expenses: 323.0
  • Tax Year: 2020
  • Levels: Two
  • Year Built: 1899
  • Lot Size Acres: 0.11
  • Lot Size: 41 X 115
  • Co List Office Mls Id: 1063
  • Co List Office Phone: 517-410-6750
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 1498.0
  • General Property Info:Lot Size Dimensions: 41 X 115
  • General Property Info:Above Grade Finished Area: 1498.0
  • Levels:Two2: Yes
  • Sewer:Public Sewer: Yes
  • Exterior:Vinyl Siding: Yes
  • Cooling:None8: Yes
  • Tax Info:Taxes2: 2376.0
  • Tax Info:Zoning3: Multi-Family
  • General Property Info:Building 1 Description: 717 N Sycamore
  • General Property Info:_pound_ of Units: 2
  • Annual Inc Expense:Insurance4: 251.0
  • Annual Inc Expense:Tax Expense2: 2376.0
  • Annual Inc Expense:Maintenance3: 1175.0
  • 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: Vinyl Siding

Garage/Parking

  • Parking Features: Driveway
  • Attached Garage: No
  • Parking Features:Driveway: Yes
  • General Property Info:Parking Total: 2

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • LaundryFeatures: None
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Heating:Forced Air: Yes

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Sq Ft: 4748.04
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2021
Closed on
Apr 30, 2021
Sold by
Spadafore Michael A and Spadafore Nancy J
Bought by
Ss Lansing Llc
Seller's Agent
Jill Powell
1st Choice Real Estate
Buyer's Agent
Non Member
Non Member Office
List Price
$90,000
Sold Price
$50,000
Premium/Discount to List
-$40,000
-44.44%
Total Days on Market
16
Current Estimated Value
$127,098

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,098
Avg. Annual Appreciation
26.67%

Purchase Details

Closed on
Sep 17, 2019
Sold by
Spadafore Michael A and Spadafore Nancy J
Bought by
Spadafore Michael A and Spadafore Nancy J

Purchase Details

Closed on
Aug 25, 2011
Sold by
Spadafore Michael and Spadafore Nancy
Bought by
Spadafore Michael and Spadafore Nancy

Purchase Details

Closed on
May 5, 2008
Sold by
Hsbc Bank Usa
Bought by
Spadafore Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$31,500
Interest Rate
6.04%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 4, 2007
Sold by
Jorgensen Rickey D and Jorgensen Renee L
Bought by
Hsbc Bank Usa and Ace Securities Corp Home Equity Loan Tru

Purchase Details

Closed on
May 15, 2006
Sold by
Jones Kristopher and Jones Rachel
Bought by
Jorgensen Rickey and Jorgensen Renee

Purchase Details

Closed on
Nov 23, 2005
Sold by
Hadley Jason A and Hadley Sara M
Bought by
Jones Kristopher and Jones Rachel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,200
Interest Rate
9.29%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 6, 2001
Sold by
Rowe Ada A
Bought by
Hadley Jason A and Hadley Sara M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,950
Interest Rate
6.97%
Mortgage Type
Purchase Money Mortgage

Range of Values:

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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
Ss Lansing Llc $500,000 Ata National Title Group Llc
Spadafore Michael A -- None Available
Spadafore Michael -- None Available
Hsbc Bank Usa $53,550 None Available
Jorgensen Rickey $114,900 Devon Title
Jones Kristopher $112,000 Chicago Title
Hadley Jason A $45,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Spadafore Michael $31,500
Previous Owner Jones Kristopher $95,200
Previous Owner Hadley Jason $46,500
Previous Owner Hadley Jason A $40,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2021 04/30/21 Sold $50,000 -44.4% $33 / Sq Ft
03/27/2021 03/27/21 Pending -- -- --
03/18/2021 03/18/21 Price Changed $89,900 -0.1% $60 / Sq Ft
03/11/2021 03/11/21 For Sale $90,000 -- $60 / 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
2024 $38 $59,100 $4,700 $54,400
2023 $4,323 $52,400 $4,700 $47,700
2022 $3,950 $48,700 $4,400 $44,300
2021 $2,394 $32,300 $3,800 $28,500
2020 $2,376 $29,100 $3,800 $25,300
2019 $2,289 $27,200 $3,800 $23,400
2018 $2,176 $27,000 $3,800 $23,200
2017 $2,092 $27,000 $3,800 $23,200
2016 $2,024 $26,500 $3,800 $22,700
2015 $2,024 $25,700 $7,631 $18,069
2014 $2,024 $25,700 $12,000 $13,700
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Jill Powell

    1st Choice Real Estate

    Section Image

  • B

    Seller Co-Listing Agent in 2021

    Bradley Hillard

    1st Choice Real Estate

    (517) 410-6750

    2 in this area

    73 Total Sales

    Bradley Hillard
    Section Image

  • N

    Buyer's Agent in 2021

    Non Member

    Non Member Office

See All Agents

Map

Source: Greater Lansing Association of Realtors®

MLS Number: 253576

Greater Lansing Association of Realtors®

APN: 01-01-09-357-101

Michigan Ingham County Lansing 48906 Old Forest

717 N Sycamore St, Lansing, MI

Homes for Sale in Lansing, MI

This home is located at 717 N Sycamore St, Lansing, MI 48906 since 11 March 2021 and is currently estimated at $127,098, approximately $84 per square foot. This property was built in 1899. 717 N Sycamore St is a home located in Ingham County with nearby schools including Riddle Elementary School, Pattengill Academy, and J.W. Sexton High School.

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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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