NOT LISTED FOR SALE

815 N Capitol Ave Lansing, MI 48906

Old Town Neighborhood

Estimated Value: $190,000 - $273,000

Studio
-- Bath
2,652 Sq Ft
$87/Sq Ft Est. Value

Sale Details

Date Sold: February 14, 2020

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

Est. 75% increase in value since last sale

Current estimated payment $1,720 / mo

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

  • 31,363 Sq Ft 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

0.72 Acres

Listing Details

  • Property Type: Resid/Multi-Family
  • Year Built: 1870
  • Above Grade Finished Sq Ft: 2652.0
  • General Property Info:Lot Size Dimensions: 66X119.5
  • General Property Info:Above Grade Finished Area: 2652.0
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:_pound_ of Units: 3
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Daylight
  • Heating: Hot Water, Oil
  • Levels: Two
  • Levels:Two2: Yes
  • Basement:Daylight: Yes

Exterior Features

  • Roof: Shingle, Other
  • Construction Type: Block, Wood Siding
  • Roof:Shingle: Yes
  • Exterior:Wood Siding: Yes
  • Exterior:Block: Yes
  • Roof:Other30: Yes

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

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Acres: 0.72
  • Lot Size: 66X119.5
  • Lot Size Sq Ft: 31363.2
  • ResoLotSizeUnits: Acres
  • Land Acreage:_one_2 thru 1 Acre: Yes

Tax Info

  • Tax Info:Taxable Value: 54067.0
  • Tax Info:State Eq Value: 57200.0

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
$230,917

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
9.31%
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

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

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.

Greater Lansing Association of Realtors® IDX information is provided exclusively for Consumers'
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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