$65,000
SOLD JAN 24, 2025
2 Beds
1 Bath
748 Sq Ft
3,920 Sq Ft Lot

Recently Sold

$87 Per Sq Ft

19% Below List Price

136 Days on Market

Highlights

  • Traditional Architecture
  • Forced Air Heating System
  • 3-minute walk to Seventh Park

About This Home

As of January 2025

Who do you know that is looking for rental property has the possibility to generate cash flow? This property is currently a licensed rental with the City of Lansing and would be a great opportunity for any investor. The estimated market rent for this property is around $950/month. This is a great rental at a great price, don't miss this opportunity!

Last Agent to Sell the Property

Derrek Sterken

Coldwell Banker Woodland Schmidt ART Office License #6501451743 Listed on: 08/27/2024

Coldwell Banker Woodland Schmidt ART Office

Co-Listed By

Steve Sterken

Coldwell Banker Woodland Schmidt ART Office License #6506047986

Last Buyer's Agent

Scott Miller

Cressy & Everett Real Estate

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1943

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 33x113

Home Design

  • Traditional Architecture
  • Vinyl Siding

Interior Spaces

  • 748 Sq Ft Home
  • 2-Story Property
  • Basement
  • Michigan Basement
  • Laundry on main level

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Home Details

Home Type

Single Family

Year Built

Built in 1943

Lot Details

0

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Traditional
  • Stories: 2
  • Year Built: 1943
  • Location Property Info:Property Sub-Type: Single Family Residence
  • OfficeContract Info:List PriceSqFt2: 106.95
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 33x113
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 748.0
  • General Property Info:Main Level Primary: Yes
  • Tax Info:Annual Property Tax: 2084.08
  • Tax Info:Zoning3: RES
  • Waterfront Options:Water Access YN: No
  • Heat Type:Forced Air: Yes
  • Manufactured:Manufactured YN: No
  • Heat Source:Natural Gas3: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Substructure:Michigan Basement: Yes
  • General Property Info:SqFt Above Grade: 748.0
  • Laundry Features Main Level: Yes
  • General Property Info Garage YN: No
  • Architectural Style:Traditional: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Total Bedrooms: 2
  • Main Level Bedrooms: 2
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Michigan Basement
  • LivingArea: 748.0
  • General Property Info:Stories2: 2.0
  • Basement Rooms:Total Basement SQFT: 616.0

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 80000.0
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Garage: No

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Laundry Features: Main Level
  • Sewer: Public
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.09
  • Lot Size Area: 0.09
  • Lot Dimensions: 33x113
  • Lot Size Sq Ft: 3920.0
  • Zoning Description: RES

Tax Info

  • Tax Annual Amount: 2084.08
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2024
Closed on
Jan 21, 2025
Sold by
25 Lansing Llc
Bought by
Pipkens Properties Llc
Seller's Agent
Derrek Sterken
Coldwell Banker Woodland Schmidt ART Office
Buyer's Agent
Scott Miller
Cressy & Everett Real Estate
List Price
$80,000
Sold Price
$65,000
Premium/Discount to List
-$15,000
-18.75%
Views
128
Current Estimated Value
$71,051

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,051
Avg. Annual Appreciation
9.72%

Purchase Details

Closed on
Dec 16, 2022
Sold by
D W Sheets Iii Llc
Bought by
25 Lansing Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
6.61%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 14, 2016
Sold by
Sheets David W
Bought by
D W Sheets Iii Llc

Purchase Details

Closed on
Dec 30, 2011
Sold by
Sheets David W
Bought by
D W Sheets Iii Llc

Purchase Details

Closed on
Nov 13, 2008
Sold by
Hinton Steve
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
May 16, 2007
Sold by
Molhoek Anthony
Bought by
Hinton Steve L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,500
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 22, 2006
Sold by
Molhoek David
Bought by
Molhoek Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,400
Interest Rate
10.55%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 10, 2003
Sold by
Fifth Third Bank
Bought by
Molhoek David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,800
Interest Rate
6.23%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 15, 2002
Sold by
Powers Gary D and Powers Karin E
Bought by
Old Kent Bank

Purchase Details

Closed on
Apr 1, 1994
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 Type Sale Price Title Company
Warranty Deed $65,000 Chicago Title
Warranty Deed $288,000 --
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Sheriffs Deed $73,641 None Available
Warranty Deed $69,500 Bell Title Company
Warranty Deed $50,400 Bell Title Company
Corporate Deed $44,000 Midstate Title Co
Sheriffs Deed $28,925 --
Warranty Deed $24,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $900,000 Credit Line Revolving
Previous Owner $69,500 Purchase Money Mortgage
Previous Owner $50,400 Purchase Money Mortgage
Previous Owner $41,800 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/24/2025 01/24/25 Sold $65,000 -18.8% $87 / Sq Ft
01/10/2025 01/10/25 Pending -- -- --
08/27/2024 08/27/24 For Sale $80,000 -- $107 / Sq Ft
Source: MichRIC

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 $2,428 $32,800 $4,200 $28,600
2024 $18 $27,100 $4,200 $22,900
2023 $2,084 $24,600 $4,200 $20,400
2022 $1,543 $22,700 $3,800 $18,900
2021 $1,507 $21,200 $3,800 $17,400
2020 $1,496 $20,100 $3,800 $16,300
2019 $1,444 $17,500 $3,800 $13,700
2018 $1,380 $17,700 $3,800 $13,900
2017 $1,327 $17,700 $3,800 $13,900
2016 $1,274 $17,400 $3,800 $13,600
2015 $1,274 $16,800 $7,538 $9,262
2014 $1,274 $16,400 $7,538 $8,862
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 24044897

MichRIC

APN: 01-01-03-310-081