NOT LISTED FOR SALE

Estimated Value: $169,000 - $189,000

5 Beds
2 Baths
2,278 Sq Ft
$78/Sq Ft Est. Value

Last Sold July 03, 2018

Last sale price $128,000 $56 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $1,344/month

12 Days on Market

Highlights

  • 4 Car Detached Garage
  • Fenced
  • 2-minute walk to Durant Park
  • Forced Air Heating System
  • Wood Siding

About This Home

As of July 2018

Beautiful Victorian home currently being used as an owner-occupied duplex but easily converted back to a single-family home if desired. Fabulous hardwood floors on the first floor with perimeter inlaid border design. First floor sitting room could be used as second bedroom. Master bedroom with walk in shower and stack washer/dryer. Formal dining room. Living room with fireplace. Second floor apartment has just been completely redone and has 2 bedrooms, galley kitchen, formal dining room and large living room with bay window. Walking distance to LCC, Downtown and Old Town and on bus lines.

Last Agent to Sell the Property

Diane Sanborn

Coldwell Banker Realty -Stadium License #6506040310 Listed on: 05/07/2018

Last Buyer's Agent

Marci Murphy

Keller Williams Realty Lansing License #6501395048

Keller Williams Realty Lansing

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,566

Year Built

  • Built in 1893

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 56x126
  • Fenced
  • Sprinkler System

Home Design

  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 2,278 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector

Parking

  • 4 Car Detached Garage
  • Gravel Driveway

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Cable TV Available

Community Details

  • 2 Units
  • James Subdivision

Listing and Financial Details

  • Total Actual Rent $9,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,566

Year Built

Built in 1893

Lot Details

0

Listing Details

  • Gross Rent: 9600.0
  • Misc Business Info Parking Surface: GRAVEL
  • Misc Business Info Roof Type: SHINGLE
  • Tax Year: 2017
  • Levels: Two
  • Year Built: 1893
  • Lot Size Acres: 0.16
  • Lot Size: 56X126
  • Subdivision Name: James
  • Above Grade Finished Sq Ft: 2278.0
  • General Property Info:Lot Size Dimensions: 56X126
  • General Property Info:Above Grade Finished Area: 2278.0
  • Levels:Two2: Yes
  • Sewer:Public Sewer: Yes
  • Utilities:Cable Available: Yes
  • Roof:Shingle: Yes
  • Security Features:Smoke Detector(s): Yes
  • Lot Features:Underground Sprinklers: Yes
  • Fencing:Fenced: Yes
  • Exterior:Wood Siding: Yes
  • Tax Info:Taxes2: 2566.0
  • Tax Info:Zoning3: Multi-Family
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:Building 1 Description: INCOME PROPERTY
  • General Property Info:_pound_ of Units: 2
  • 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
  • Fencing: Fenced
  • Lot Features: Underground Sprinklers
  • Construction Type: Wood Siding

Garage/Parking

  • Parking Features: Detached, Gravel
  • Attached Garage: No
  • Parking Features:Gravel2: Yes
  • Parking Features:Detached: Yes
  • Misc Business Info:_pound_ Parking: 4
  • General Property Info:Parking Total: 4

Utilities

  • Sewer: Public Sewer
  • Utilities: Cable Available
  • 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: 6969.6
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Carrier Route: 5191

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 19, 2021
Sold by
David Palme Trust
Bought by
Palme Properties Llc
Current Estimated Value
$177,766

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,600
Outstanding Balance
$78,286
Interest Rate
2.27%
Mortgage Type
New Conventional
Estimated Equity
$99,480

Purchase Details

Closed on
Dec 11, 2020
Sold by
Palme David J
Bought by
Palme David and David Palme Trust

Purchase Details

Listed on
May 7, 2018
Closed on
Jul 3, 2018
Sold by
Addis Linda
Bought by
Palme David J
Seller's Agent
Diane Sanborn
Coldwell Banker Realty -Stadium
Buyer's Agent
Marci Murphy
Keller Williams Realty Lansing
List Price
$129,900
Sold Price
$128,000
Premium/Discount to List
-$1,900
-1.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.69%
Original Mortgage
$96,050
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 29, 2009
Sold by
Thorp Almus M and Thorp Almus M
Bought by
Addis Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,898
Interest Rate
5.32%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 13, 2006
Sold by
Kaechele Mary P
Bought by
Thorp Almus M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,200
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 19, 2001
Sold by
Cinnamon Christopher Cody and Cinnamon Mary Elizabeth
Bought by
Kaechele Mary P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
7.2%
Source: Public Records

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
Palme Properties Llc -- None Available
Palme David -- None Available
Palme David J $128,000 Tri County Title Agency Llc
Addis Linda $116,000 Tri County Title Agency Llc
Thorp Almus M $165,250 None Available
Kaechele Mary P $130,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Palme David $99,600
Previous Owner Palme David J $96,050
Previous Owner Addis Linda $110,287
Previous Owner Addis Linda $113,898
Previous Owner Thorp Almus M $50,000
Previous Owner Thorp Almus M $132,200
Previous Owner Kaechele Mary P $138,204
Previous Owner Kaechele Mary P $120,000
Previous Owner Kaechele Mary P $0
Previous Owner Kaechele Mary P $97,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/03/2018 07/03/18 Sold $128,000 -1.5% $56 / Sq Ft
05/17/2018 05/17/18 Pending -- -- --
05/05/2018 05/05/18 For Sale $129,900 -- $57 / 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 $4,522 $89,800 $4,900 $84,900
2024 $37 $81,400 $4,900 $76,500
2023 $4,257 $65,800 $4,900 $60,900
2022 $3,891 $59,100 $5,500 $53,600
2021 $3,801 $52,200 $6,100 $46,100
2020 $3,774 $46,900 $6,100 $40,800
2019 $3,181 $44,900 $6,100 $38,800
2018 $2,674 $39,700 $6,100 $33,600
2017 $2,566 $39,700 $6,100 $33,600
2016 $2,459 $39,000 $6,100 $32,900
2015 $2,459 $37,700 $12,234 $25,466
2014 $2,459 $36,100 $15,750 $20,350
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 225822

Greater Lansing Association of Realtors®

APN: 01-01-09-382-241