NOT LISTED FOR SALE

800 W Ionia St Lansing, MI 48915

Downtown Lansing Neighborhood

Estimated Value: $132,761 - $191,000

-- Bed
-- Bath
2,126 Sq Ft
$75/Sq Ft Est. Value

Last Sold September 29, 2023

Last sale price $101,500 $48 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $895/month

164 Days on Market

Highlights

  • 0.33 Acre Lot
  • Wood Flooring
  • Cooling Available
  • Traditional Architecture
  • Covered patio or porch
  • Ceiling Fan

About This Home

As of September 2023

Large 3 unit close to downtown. Home offers nice woodwork built ins and hardwood flooring, large covered front porch, very deep lot. All units rented. 48 hour notice required.

Last Agent to Sell the Property

Mike Kuzawa

Five Star Real Estate License #6501293354 Listed on: 08/22/2023

Five Star Real Estate

Last Buyer's Agent

Non Member

Non Member Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,473

Year Built

  • Built in 1920

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions are 34.2x198
  • Partially Fenced Property

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 2,126 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Washer and Electric Dryer Hookup

Flooring

  • Wood
  • Carpet
  • Laminate
  • Ceramic Tile

Basement

  • Michigan Basement
  • Laundry in Basement

Parking

  • 3 Parking Spaces
  • Additional Parking

Outdoor Features

  • Covered patio or porch

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Heating System Uses Steam

Listing and Financial Details

  • Total Actual Rent $24,600

Community Details

Overview

  • 3 Units
  • Claypool Subdivision

Building Details

  • Electric Expense $1,000
  • Insurance Expense $800
  • Water Sewer Expense $1,700
  • New Taxes Expense $2,650
  • Net Operating Income $16,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,473

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Gross Rent: 24600.0
  • Less Fuel: 1900.0
  • Net Income: 16500.0
  • Water Sewer Expenses: 1700.0
  • Tax Year: 2019
  • Registered Licenses for Unrelated Occupants: city
  • Unit Information License Register Exp: 2024-06-01
  • Levels: Two
  • Year Built: 1920
  • Lot Size Acres: 0.33
  • Lot Size: 34.2x198
  • Subdivision Name: Claypool
  • Above Grade Finished Sq Ft: 2126.0
  • Architectural Style: Traditional
  • General Property Info:Lot Size Dimensions: 34.2x198
  • General Property Info:Above Grade Finished Area: 2126.0
  • Exterior:Aluminum Siding: Yes
  • Levels:Two2: Yes
  • Laundry Features:Electric Dryer Hookup: Yes
  • Laundry Features:In Basement: Yes
  • Laundry Features:Washer Hookup: Yes
  • Flooring:Carpet: Yes
  • Flooring:Laminate: Yes
  • Fencing:Partial2: Yes
  • Sewer:Public Sewer: Yes
  • Roof:Shingle: Yes
  • Exterior:Brick: Yes
  • Architectural Style:Traditional: Yes
  • Flooring:Ceramic Tile: Yes
  • Flooring:Hardwood: Yes
  • Tax Info:Taxes2: 2473.0
  • Tax Info:Zoning3: Residential
  • General Property Info:Building 1 Description: Multi Family
  • General Property Info:_pound_ of Units: 3
  • Annual Inc Expense:Insurance4: 800.0
  • Annual Inc Expense:Tax Expense2: 2650.0
  • Cooling:Ceiling Fan(s)2: Yes
  • Annual Inc Expense:Electricity5: 1000.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan
  • Heating: Natural Gas, Steam
  • Flooring: Carpet, Ceramic Tile, Hardwood, Laminate
  • Property Type: Resid/Multi-Family
  • Basement:Michigan: Yes

Exterior Features

  • Roof: Shingle
  • Fencing: Partial
  • RoadFrontageType: City Street
  • RoadSurfaceType: Asphalt
  • Patio And Porch Features: Covered, Front Porch
  • Construction Type: Aluminum Siding, Brick
  • Patio Porch Features:Covered: Yes
  • Patio Porch Features:Front Porch: Yes

Garage/Parking

  • Total Parking Spaces: 3.0
  • Parking Features: Additional Parking
  • Attached Garage: No
  • Parking Features:Additional Parking: Yes
  • General Property Info:Parking Total: 3

Utilities

  • Sewer: Public Sewer
  • Cooling: Ceiling Fan(s)
  • LaundryFeatures: Electric Dryer Hookup, In Basement, Washer Hookup
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Heating:Natural Gas: Yes
  • Heating:Steam: Yes

Fee Information

  • Annual Water Sewer Expense: 1700.0

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Sq Ft: 14374.8
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 3
  • Electric Expense: 1000.0
  • Insurance Expense: 800.0
  • Property Net Operating Income: 16500.0

Tax Info

  • New Taxes Expense: 2650.0
  • Tax Carrier Route: 1895

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2023
Closed on
Sep 29, 2023
Sold by
Weber Gilbert and Gani Geno S
Bought by
Hepner Jeremiah
Seller's Agent
Mike Kuzawa
Five Star Real Estate
Buyer's Agent
Non Member
Non Member Office
List Price
$100,000
Sold Price
$101,500
Premium/Discount to List
$1,500
1.5%
Views
48
Current Estimated Value
$159,690

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,190
Avg. Annual Appreciation
30.14%
Original Mortgage
$76,125
Outstanding Balance
$75,012
Interest Rate
7.31%
Estimated Equity
$84,678

Purchase Details

Closed on
Sep 19, 2002
Sold by
Conseco Finance Servicing Corp
Bought by
Investments Unlimited Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,101
Interest Rate
6.29%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Sep 13, 2001
Sold by
Walker Gladstone B
Bought by
Conseco Finance Servicing Corp
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Hepner Jeremiah $101,500 Chicago Title
Investments Unlimited Inc $65,101 --
Conseco Finance Servicing Corp $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hepner Jeremiah $76,125
Previous Owner Investments Unlimited Inc $65,101
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2023 09/29/23 Sold $101,500 +1.5% $48 / Sq Ft
09/02/2023 09/02/23 Pending -- -- --
08/22/2023 08/22/23 For Sale $100,000 0.0% $47 / Sq Ft
07/31/2023 07/31/23 Pending -- -- --
06/15/2023 06/15/23 Price Changed $100,000 0.0% $47 / Sq Ft
06/15/2023 06/15/23 For Sale $100,000 -9.1% $47 / Sq Ft
06/04/2023 06/04/23 Pending -- -- --
05/16/2023 05/16/23 For Sale $110,000 0.0% $52 / Sq Ft
05/08/2023 05/08/23 Pending -- -- --
03/22/2023 03/22/23 For Sale $110,000 -- $52 / 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 $57 $78,600 $5,100 $73,500
2023 $2,864 $70,500 $5,100 $65,400
2022 $2,631 $35,500 $5,800 $29,700
2021 $2,571 $32,400 $7,400 $25,000
2020 $2,551 $30,300 $7,400 $22,900
2019 $2,452 $30,100 $7,400 $22,700
2018 $2,336 $28,300 $7,400 $20,900
2017 $2,243 $28,300 $7,400 $20,900
2016 $2,233 $27,800 $7,400 $20,400
2015 $2,233 $26,900 $14,839 $12,061
2014 $2,233 $27,100 $13,750 $13,350
Source: Public Records

Agents Affiliated with this Home

  • Mike Kuzawa

    Seller's Agent in 2023

    Mike Kuzawa

    Five Star Real Estate

    (616) 293-4218

    3 in this area

    96 Total Sales

    Mike Kuzawa
    Section Image

  • N

    Buyer's Agent in 2023

    Non Member

    Non Member Office

See All Agents

Map

Source: Greater Lansing Association of Realtors®

MLS Number: 271895

Greater Lansing Association of Realtors®

APN: 01-01-17-277-111

Michigan Ingham County Lansing 48915 Downtown Lansing

800 W Ionia St, Lansing, MI

This home is located at 800 W Ionia St, Lansing, MI 48915 since 22 August 2023 and is currently estimated at $159,690, approximately $75 per square foot. This property was built in 1920. 800 W Ionia St is a home located in Ingham County with nearby schools including Riddle Elementary School, Pattengill Academy, and J.W. Sexton High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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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