$310,000
SOLD JAN 17, 2025
-- Bed
-- Bath
2,332 Sq Ft
6,098 Sq Ft Lot

Recently Sold

$133 Per Sq Ft

3% Below List Price

108 Days on Market

About This Home

As of January 2025

4 Unit Property. Each unit has one bedroom and one bath. Great location near University of Michigan Sparrow and the Stadium District! Property interior has been completely renovated. New high efficiency boiler and water heater as well! Landlord pays water, sewer and heat. Tenant pays electric. (Properties can be purchased together: 811 & 820 E Shiawassee & 819 & 833 Vine St)

Last Agent to Sell the Property

Benjamin Parker

Apex Appraisal Company LLC License #1205069793 Listed on: 08/23/2024

Last Buyer's Agent

Shron Nathan

Five Star Real Estate - Lansing License #6501419112

Five Star Real Estate - Lansing

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,253

Year Built

  • Built in 1890

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 55.5 x 109

Home Design

  • Vinyl Siding

Interior Spaces

  • 2,332 Sq Ft Home
  • 2-Story Property
  • Laundry in Basement

Parking

  • 8 Parking Spaces
  • Driveway

Utilities

  • No Cooling
  • Baseboard Heating
  • Hot Water Heating System

Listing and Financial Details

  • Total Actual Rent $40,200

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $900
  • Insurance Expense $2,400
  • Manager Expense $2,290
  • Water Sewer Expense $2,790
  • New Taxes Expense $5,469

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,253

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Gross Rent: 40200.0
  • Less Fuel: 1788.0
  • Other Income: 1000.0
  • Water Sewer Expenses: 2790.0
  • Tax Year: 2023
  • Registered Licenses for Unrelated Occupants: 4
  • Levels: Two
  • Year Built: 1890
  • Lot Size Acres: 0.14
  • Lot Size: 55.5 x 109
  • Professional Management Expense: 2290.0
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 2332.0
  • General Property Info:Lot Size Dimensions: 55.5 x 109
  • General Property Info:Above Grade Finished Area: 2332.0
  • Levels:Two2: Yes
  • Laundry Features:In Basement: Yes
  • Sewer:Public Sewer: Yes
  • Exterior:Vinyl Siding: Yes
  • Cooling:None8: Yes
  • Tax Info:Taxes2: 5253.0
  • Tax Info:Zoning3: Residential
  • General Property Info:Building 1 Description: 4 Unit Building
  • General Property Info:_pound_ of Units: 4
  • Annual Inc Expense:Insurance4: 2400.0
  • Annual Inc Expense:Tax Expense2: 5469.0
  • Annual Inc Expense:Management3: 2290.0
  • Annual Inc Expense:Electricity5: 900.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Heating: Baseboard, Hot Water
  • Property Type: Resid/Multi-Family

Exterior Features

  • Construction Type: Vinyl Siding

Garage/Parking

  • Total Parking Spaces: 8.0
  • Parking Features: Driveway
  • Attached Garage: No
  • Parking Features:Driveway: Yes
  • General Property Info:Parking Total: 8

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • LaundryFeatures: In Basement
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Heating:Hot Water: Yes
  • Heating:Baseboard: Yes

Fee Information

  • Annual Water Sewer Expense: 2790.0

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Sq Ft: 6098.4
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 4
  • Electric Expense: 900.0
  • Insurance Expense: 2400.0

Tax Info

  • New Taxes Expense: 5469.0
  • Tax Carrier Route: 1563

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 23, 2024
Closed on
Jan 17, 2025
Sold by
Eq Holdings Llc
Bought by
Kurtovic Eldar
Seller's Agent
Benjamin Parker
Apex Appraisal Company LLC
Buyer's Agent
Shron Nathan
Five Star Real Estate - Lansing
List Price
$319,900
Sold Price
$310,000
Premium/Discount to List
-$9,900
-3.09%
Total Days on Market
108
Views
32
Current Estimated Value
$291,439

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$18,561
Avg. Annual Appreciation
-14.64%
Original Mortgage
$244,000
Outstanding Balance
$243,566
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$47,873

Purchase Details

Closed on
Mar 25, 2021
Sold by
North Walnut 02 1 Ltd Dividend Hsng Assn
Bought by
Eq Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$738,060
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 19, 2000
Sold by
Mccoy Durwood K and Mccoy Judith D
Bought by
Michigan Non Profit Real Estate Developm and Ferris Development

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
8.66%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 15, 1991
Sold by
Eifert Tom and Eifert Connie L
Bought by
Mccoy Durwood K and Mccoy Judith
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 Type Sale Price Title Company
Warranty Deed $310,000 Liberty Title
Deed $798,000 None Available
Warranty Deed $60,000 Midstate Title Company
Warranty Deed $59,900 Midstate Title Company
Warranty Deed $59,900 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $244,000 New Conventional
Previous Owner $738,060 Future Advance Clause Open End Mortgage
Previous Owner $30,000 Stand Alone Second
Previous Owner $490,000 Unknown
Previous Owner $60,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/17/2025 01/17/25 Sold $310,000 -3.1% $133 / Sq Ft
12/09/2024 12/09/24 Pending -- -- --
08/23/2024 08/23/24 For Sale $319,900 -- $137 / 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 $44 $77,300 $4,800 $72,500
2023 $5,253 $65,400 $4,800 $60,600
2022 $1,038 $56,900 $3,600 $53,300
2021 $468 $0 $0 $0
2020 $460 $0 $0 $0
2019 $0 $0 $0 $0
2018 $0 $0 $0 $0
2017 $0 $0 $0 $0
2016 $378 $0 $0 $0
2015 $378 $9,148 $9,148 $0
2014 $378 $9,148 $9,148 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 283060

Greater Lansing Association of Realtors®

APN: 01-01-15-152-011