NOT LISTED FOR SALE

815 N Capitol Ave Lansing, MI 48906

Old Town Neighborhood

Estimated Value: $190,000 - $259,407

-- Bed
-- Bath
2,652 Sq Ft
$86/Sq Ft Est. Value

Last Sold February 14, 2020

Last sale price $132,000 $50 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $1,663/month

185 Days on Market

Highlights

  • 0.72 Acre Lot
  • Wood Siding
  • 1-minute walk to Durant Park
  • Hot Water Heating System

About This Home

As of February 2020

Great opportunity for investors for a licensed 3 unit, fully rented and well-maintained property! Private parking for 6 around the back of the house. Responsible tenants. One with pets and 2 without. Common laundry in finished basement that all enjoy. Each unit with remodeled full bath and large kitchens. Lots of updates. Exterior painted in 2016. Great rent roll with $2050 income per month currently.Newer deck in the rear unit. 24 hours' notice please.

Last Agent to Sell the Property

Kathy Birchen

Berkshire Hathaway HomeServices License #6506015266 Listed on: 07/15/2019

Berkshire Hathaway HomeServices

Co-Listed By

Birchen Dutcher

Berkshire Hathaway HomeServices

Last Buyer's Agent

Birchen Dutcher

Berkshire Hathaway HomeServices

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1870

Lot Details

  • 0.72 Acre Lot
  • Lot Dimensions are 66x119.5

Home Design

  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 2,652 Sq Ft Home
  • 2-Story Property
  • Natural lighting in basement

Parking

  • 6 Parking Spaces
  • Private Parking

Utilities

  • Heating System Uses Oil
  • Hot Water Heating System
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $24,600

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $1,324
  • New Taxes Expense $4,330

Property Details

Home Type

Multi-Family

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Gross Rent: 24600.0
  • Tax Year: 2018
  • Levels: Two
  • Year Built: 1870
  • Lot Size Acres: 0.72
  • Lot Size: 66X119.5
  • Co List Office Mls Id: 340
  • Co List Office Phone: 517-351-3617
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 2652.0
  • General Property Info:Lot Size Dimensions: 66X119.5
  • General Property Info:Above Grade Finished Area: 2652.0
  • Levels:Two2: Yes
  • Sewer:Public Sewer: Yes
  • Roof:Shingle: Yes
  • Exterior:Wood Siding: Yes
  • Tax Info:Taxes2: 4330.05
  • Tax Info:Zoning3: Multi-Family
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:Building 1 Description: MULTI-FAMILY
  • General Property Info:_pound_ of Units: 3
  • Annual Inc Expense:Insurance4: 1324.0
  • Annual Inc Expense:Tax Expense2: 4330.05
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Daylight
  • Heating: Hot Water, Oil
  • Property Type: Resid/Multi-Family
  • Basement:Daylight: Yes

Exterior Features

  • Roof: Shingle, Other
  • Construction Type: Block, Wood Siding

Garage/Parking

  • Parking Features: Asphalt, Private
  • Attached Garage: No
  • Parking Features:Asphalt2: Yes
  • Parking Features:Private6: Yes
  • Misc Business Info:_pound_ Parking: 6
  • General Property Info:Parking Total: 6

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Heating Yn: Yes
  • Heating:Hot Water: Yes
  • Heating:Oil: Yes

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Sq Ft: 31363.2
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 12, 2021
Sold by
Holden Laura Christine
Bought by
Coty Joshua James
Current Estimated Value
$226,852

Purchase Details

Listed on
Jul 15, 2019
Closed on
Feb 12, 2020
Sold by
Jersz David J
Bought by
Coty Joshua James and Holden Laura Christine
Seller's Agent
Kathy Birchen
Berkshire Hathaway HomeServices
Buyer's Agent
Birchen Dutcher
Berkshire Hathaway HomeServices
List Price
$149,900
Sold Price
$132,000
Premium/Discount to List
-$17,900
-11.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.73%
Original Mortgage
$99,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 13, 2017
Closed on
Oct 6, 2017
Sold by
815 North Capital Llc
Bought by
Gersz David J
Seller's Agent
Monique Jost
Berkshire Hathaway HomeServices
Buyer's Agent
Birchen Dutcher
Berkshire Hathaway HomeServices
List Price
$129,900
Sold Price
$115,000
Premium/Discount to List
-$14,900
-11.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.02%
Original Mortgage
$86,250
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 29, 2008
Sold by
Whale Richard D
Bought by
815 North Capitol Llc

Purchase Details

Closed on
Oct 23, 1998
Sold by
Henry Ivan L and Henry Joyce A
Bought by
Whale Richard D
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
Coty Joshua James -- None Available
Coty Joshua James $132,000 None Available
Gersz David J $115,000 Tri Title Agency Llc
815 North Capitol Llc -- None Available
Whale Richard D $95,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Coty Joshua James $99,000
Previous Owner Gersz David J $86,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/14/2020 02/14/20 Sold $132,000 -5.6% $50 / Sq Ft
01/16/2020 01/16/20 Pending -- -- --
12/03/2019 12/03/19 Price Changed $139,900 -3.5% $53 / Sq Ft
09/09/2019 09/09/19 Price Changed $144,900 -3.3% $55 / Sq Ft
07/15/2019 07/15/19 For Sale $149,900 +30.3% $57 / Sq Ft
10/06/2017 10/06/17 Sold $115,000 -11.5% $43 / Sq Ft View Prior Sale
09/15/2017 09/15/17 Pending -- -- --
09/13/2017 09/13/17 For Sale $129,900 -- $49 / 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 $5,642 $117,500 $6,200 $111,300
2024 $47 $104,000 $6,200 $97,800
2023 $5,298 $84,000 $6,200 $77,800
2022 $4,805 $75,400 $6,900 $68,500
2021 $5,238 $66,600 $7,700 $58,900
2020 $4,382 $59,800 $7,700 $52,100
2019 $4,554 $57,200 $7,700 $49,500
2018 $4,330 $50,900 $7,700 $43,200
2017 $3,401 $50,900 $7,700 $43,200
2016 $3,265 $50,000 $7,700 $42,300
2015 $3,265 $48,400 $15,386 $33,014
2014 $3,265 $45,300 $17,950 $27,350
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2020

    Kathy Birchen

    Berkshire Hathaway HomeServices

    Section Image

  • B

    Seller Co-Listing Agent in 2020

    Birchen Dutcher

    Berkshire Hathaway HomeServices

  • M

    Seller's Agent in 2017

    Monique Jost

    Berkshire Hathaway HomeServices

    Section Image
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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 238737

Greater Lansing Association of Realtors®

APN: 01-01-09-380-162

Michigan Ingham County Lansing 48906 Old Town

815 N Capitol Ave, Lansing, MI

Not Listed for Sale

MultiFamily

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