811 W Lapeer St Lansing, MI 48915
Downtown Lansing Neighborhood
3
Beds
2
Baths
1,734
Sq Ft
1,307
Sq Ft Lot
Highlights
- Bungalow
- Forced Air Heating System
- 1-Story Property
About This Home
As of November 2024Who 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 $850/month. This is a great rental at a great price, don't miss this opportunity!
Last Agent to Sell the Property
Coldwell Banker Woodland Schmidt ART Office License #6501451743 Listed on: 08/24/2024
Home Details
Home Type
- Single Family
Year Built
- Built in 1915
Lot Details
- 1,307 Sq Ft Lot
- Lot Dimensions are 70x20
Home Design
- Bungalow
- Composition Roof
- Vinyl Siding
Interior Spaces
- 1,734 Sq Ft Home
- 1-Story Property
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 2 Full Bathrooms
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Natural Gas Water Heater
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 24, 2024
Closed on
Nov 13, 2024
Sold by
25 Lansing Llc
Bought by
Elak Llc
Seller's Agent
Derrek Sterken
Coldwell Banker Woodland Schmidt ART Office
List Price
$68,000
Sold Price
$40,000
Premium/Discount to List
-$28,000
-41.18%
Views
37
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,743
Avg. Annual Appreciation
121.69%
Original Mortgage
$94,000
Outstanding Balance
$55,552
Interest Rate
6.32%
Mortgage Type
Construction
Estimated Equity
$9,975
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
Listed on
Sep 10, 2014
Closed on
Apr 27, 2015
Sold by
Castro Julian
Bought by
Sheets David W and David W Sheets Revocable Living Trust
Seller's Agent
Christopher Todd
Todd & Associates
Buyer's Agent
Lisa VanderMeer
Coldwell Banker Professionals-E.L.
List Price
$20,000
Sold Price
$10,700
Premium/Discount to List
-$9,300
-46.5%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.51%
Purchase Details
Closed on
Oct 3, 2012
Sold by
Bank Of America Na
Bought by
Secretary Of Hud
Purchase Details
Closed on
Jun 21, 2012
Sold by
Gibbons John Francis and Gibbons Kimberly
Bought by
Bank Of America Na
Purchase Details
Closed on
Dec 15, 2004
Sold by
Cvrljevic Boris and Cvrljevic Miroslava
Bought by
Gibbons John F and Gibbons Kimberly
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,810
Interest Rate
5.9%
Mortgage Type
FHA
Purchase Details
Closed on
Mar 15, 2004
Sold by
Waters Roxie S
Bought by
Cvrljevic Boris
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.65%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Feb 20, 2004
Sold by
R E Investments Inc
Bought by
Associates Financial Services Co Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.65%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Nov 24, 1999
Sold by
Hood James G and Hood Lora
Bought by
R E Investments Inc
Similar Homes in Lansing, MI
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $40,000 | Chicago Title | |
| Warranty Deed | $288,000 | -- | |
| Interfamily Deed Transfer | -- | None Available | |
| Deed | $10,700 | Bell Title Co | |
| Warranty Deed | -- | None Available | |
| Sheriffs Deed | $90,142 | None Available | |
| Warranty Deed | $77,000 | Metropolitan Title Company | |
| Warranty Deed | $23,000 | Metropolitan Title Okemos Se | |
| Quit Claim Deed | -- | Metropolitan Title Okemos Se | |
| Quit Claim Deed | -- | Metro | |
| Land Contract | -- | Metro | |
| Warranty Deed | $28,000 | -- | |
| Assignment Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $94,000 | Construction | |
| Previous Owner | $900,000 | Credit Line Revolving | |
| Previous Owner | $24,750 | Stand Alone Second | |
| Previous Owner | $75,810 | FHA | |
| Previous Owner | $1 | Credit Line Revolving | |
| Previous Owner | $50,000 | Credit Line Revolving | |
| Previous Owner | $18,000 | Purchase Money Mortgage | |
| Closed | -- | Land Contract Argmt. Of Sale |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/13/2024 11/13/24 | Sold | $40,000 | -33.3% | $23 / Sq Ft |
| 10/17/2024 10/17/24 | Pending | -- | -- | -- |
| 10/09/2024 10/09/24 | Price Changed | $60,000 | -11.8% | $35 / Sq Ft |
| 08/24/2024 08/24/24 | For Sale | $68,000 | +535.5% | $39 / Sq Ft |
| 04/28/2015 04/28/15 | Sold | $10,700 | -46.5% | $12 / Sq Ft |
| 03/18/2015 03/18/15 | Pending | -- | -- | -- |
| 09/10/2014 09/10/14 | For Sale | $20,000 | -- | $23 / Sq Ft |
Source: Southwestern Michigan Association of REALTORS®
Tax History Compared to Growth
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 | $21 | $31,900 | $2,200 | $29,700 |
| 2023 | $2,403 | $28,600 | $2,200 | $26,400 |
| 2022 | $1,668 | $23,500 | $2,600 | $20,900 |
| 2021 | $1,629 | $21,000 | $3,300 | $17,700 |
| 2020 | $1,618 | $19,400 | $3,300 | $16,100 |
| 2019 | $1,579 | $19,200 | $3,300 | $15,900 |
| 2018 | $1,539 | $19,100 | $3,300 | $15,800 |
| 2017 | $1,481 | $19,100 | $3,300 | $15,800 |
| 2016 | $1,397 | $20,200 | $3,300 | $16,900 |
| 2015 | $1,397 | $19,500 | $9,366 | $10,134 |
| 2014 | $1,397 | $18,100 | $6,875 | $11,225 |
Source: Public Records
Agents Affiliated with this Home
-
Derrek Sterken
Seller's Agent in 2024
Derrek Sterken
Coldwell Banker Woodland Schmidt ART Office
(616) 403-3442
1 in this area
61 Total Sales
-
Steve Sterken
S
Seller Co-Listing Agent in 2024
Steve Sterken
Coldwell Banker Woodland Schmidt ART Office
(616) 772-5478
1 in this area
88 Total Sales
-
Christopher Todd
C
Seller's Agent in 2015
Christopher Todd
Todd & Associates
(517) 699-2100
19 Total Sales
-
Lisa VanderMeer
Buyer's Agent in 2015
Lisa VanderMeer
Coldwell Banker Professionals-E.L.
(517) 285-3940
48 Total Sales
Map
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 24044559
APN: 01-01-17-229-401
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