NOT LISTED FOR SALE

Estimated Value: $119,789 - $169,000

Studio
1 Bath
1,494 Sq Ft
$101/Sq Ft Est. Value

Last Sold January 15, 2021

Last sale price $114,000 $76 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $936/month

33 Days on Market

About This Home

As of January 2021

Great duplex with fantastic income potential. Wonderful location and full of amenities. 2 bedrooms and 1 full bath each side with full unfinished basements, large living rooms and great kitchens.

Last Agent to Sell the Property

Christopher Silker

Keller Williams Realty Lansing License #6506046369 Listed on: 11/11/2020

Keller Williams Realty Lansing

Last Buyer's Agent

Lesa Wilson

Non Member Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,339

Year Built

  • Built in 1973

Lot Details

  • 9,148 Sq Ft Lot
  • Lot Dimensions are 60x150

Home Design

  • Ranch Style House
  • Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 1,494 Sq Ft Home
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector

Parking

  • 4 Parking Spaces
  • No Garage

Utilities

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

Community Details

  • 2 Units
  • New Taxes Expense $2,339

Listing and Financial Details

  • Total Actual Rent $15,720

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,339

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Gross Rent: 15720.0
  • Tax Year: 2019
  • Registered Licenses for Unrelated Occupants: 2
  • Levels: One
  • Year Built: 1973
  • Lot Size Acres: 0.21
  • Lot Size: 60x150
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 1494.0
  • Architectural Style: Ranch
  • General Property Info:Lot Size Dimensions: 60x150
  • General Property Info:Above Grade Finished Area: 1494.0
  • Exterior:Aluminum Siding: Yes
  • Sewer:Public Sewer: Yes
  • Roof:Shingle: Yes
  • Security Features:Smoke Detector(s): Yes
  • Levels:One: Yes
  • General Property Info:ECO Friendly Features: No
  • Architectural Style:Ranch: Yes
  • Tax Info:Taxes2: 2339.0
  • Tax Info:Zoning3: Multi-Family
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:Building 1 Description: Ranch
  • General Property Info:_pound_ of Units: 2
  • Annual Inc Expense:Tax Expense2: 2339.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Roof: Shingle
  • Construction Type: Aluminum Siding

Garage/Parking

  • Parking Features: Asphalt, No Garage
  • Attached Garage: No
  • Parking Features:Asphalt2: Yes
  • Parking Features:No Garage: Yes
  • Misc Business Info:_pound_ Parking: 4
  • General Property Info:Parking Total: 4

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: 9147.6
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Carrier Route: 3905

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2020
Closed on
Jan 15, 2021
Sold by
Magers Luke A and Magers Erica L
Bought by
Arsenault Brett Michael
Seller's Agent
Christopher Silker
Keller Williams Realty Lansing
Buyer's Agent
Lesa Wilson
Non Member Office
List Price
$120,000
Sold Price
$114,000
Premium/Discount to List
-$6,000
-5%
Current Estimated Value
$150,197

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,197
Avg. Annual Appreciation
5.67%
Original Mortgage
$108,300
Outstanding Balance
$96,658
Interest Rate
2.71%
Mortgage Type
New Conventional
Estimated Equity
$53,539

Purchase Details

Closed on
Apr 8, 2011
Sold by
Southern Michigan Equities Llc
Bought by
Magers Luke A and Magers Erica L

Purchase Details

Closed on
Oct 8, 2008
Sold by
Magers Erica L
Bought by
Southern Michigan Equities Llc

Purchase Details

Closed on
Jun 21, 2007
Sold by
Brink Daniel Joseph
Bought by
Wells Fargo Bank Na

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
Arsenault Brett Michael $114,000 None Available
Magers Luke A -- None Available
Southern Michigan Equities Llc -- None Available
Magers Erica L -- None Available
Wells Fargo Bank Na $103,180 None Available
-- $61,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arsenault Brett Michael $108,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/15/2021 01/15/21 Sold $114,000 -5.0% $76 / Sq Ft
12/14/2020 12/14/20 Pending -- -- --
11/11/2020 11/11/20 For Sale $120,000 -- $80 / 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 $4,983 $63,500 $10,900 $52,600
2024 $41 $66,100 $10,900 $55,200
2023 $4,691 $61,200 $10,900 $50,300
2022 $3,818 $53,100 $10,200 $42,900
2021 $2,177 $45,700 $7,000 $38,700
2020 $2,410 $42,400 $7,000 $35,400
2019 $2,322 $40,700 $7,000 $33,700
2018 $2,208 $35,500 $7,000 $28,500
2017 $2,122 $35,500 $7,000 $28,500
2016 $2,169 $34,900 $7,000 $27,900
2015 $2,169 $33,900 $13,943 $19,957
2014 $2,169 $25,700 $17,428 $8,272
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 251357

Greater Lansing Association of Realtors®

APN: 01-05-03-151-162