Seller's Agent in 2021
Gabriel Lopez
Trubrook, LLC
(517) 974-1291
2 in this area
90 Total Sales
825 N Walnut St Lansing, MI 48906
Old Forest Neighborhood
--
Bed
--
Bath
1,210
Sq Ft
5,706
Sq Ft Lot
About This Home
As of October 2021Two-unit income opportunity in downtown Lansing. Convenient to LCC, State office buildings, State Capitol, Davenport University, Cooley Law school. Plenty of parking and a private drive which has access to a back alley so tenants never have to juggle cars to get out. Is also on the bus line. Furnace 2016, water heater 2016. Washer and dryer hook up in basement. Each unit has two bedrooms and one bath. First floor unit rented for $900 per month, has new (September 2018) vinyl floors in kitchen and bath, and fresh polyurethane (Sept. 2018) on hardwood floors. Upstairs unit rented for $800 per month with new vinyl flooring in kitchen, back bedroom and bathroom. Windows in whole house were replaced at some point. Fresh paint throughout (2018). Both units are vacant so you can screen clients to your standards or live in one unit and rent the other out. Rental license is current.
Last Agent to Sell the Property
Berkshire Hathaway HomeServices License #6501378692 Listed on: 09/28/2018
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1890
Lot Details
- 5,706 Sq Ft Lot
- Lot Dimensions are 49.5x115.5
Home Design
- Duplex
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 1,210 Sq Ft Home
- 2-Story Property
- Fire and Smoke Detector
Basement
- Basement Fills Entire Space Under The House
- Natural lighting in basement
Parking
- 2 Parking Spaces
- No Garage
Outdoor Features
- Covered patio or porch
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Gas Water Heater
Listing and Financial Details
- Total Actual Rent $20,400
Community Details
Overview
- 2 Units
Building Details
- Insurance Expense $900
- Manager Expense $2,040
- Other Expense $1,841
- New Taxes Expense $1,976
- Operating Expense $7,807
- Net Operating Income $12,593
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 9, 2021
Closed on
Oct 4, 2021
Sold by
Djb Properties Llc
Bought by
Jaudon Brenda and Jaudon Robert
Seller's Agent
Gabriel Lopez
Trubrook, LLC
Buyer's Agent
Sarah Pelton
Community Realty, LLC
List Price
$84,900
Sold Price
$86,000
Premium/Discount to List
$1,100
1.3%
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
$27,907
Avg. Annual Appreciation
7.69%
Purchase Details
Listed on
Sep 28, 2018
Closed on
Nov 21, 2018
Sold by
825 N Walnut Llc
Bought by
Djb Properties Llc
Seller's Agent
Jerri Osmar
Berkshire Hathaway HomeServices
Buyer's Agent
Gabriel Lopez
Trubrook, LLC
List Price
$53,000
Sold Price
$57,000
Premium/Discount to List
$4,000
7.55%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.41%
Purchase Details
Closed on
Aug 3, 2015
Sold by
Gridiron Marketing Group Llc
Bought by
825 N Walnut Llc
Purchase Details
Closed on
Apr 22, 2005
Sold by
Ejs Properties Llc
Bought by
Spencer Larry
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,500
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 30, 2004
Sold by
Speckin Erich J
Bought by
E J S Properties Llc
Purchase Details
Closed on
Nov 2, 2001
Sold by
Prout Michael C and Prout Carla I
Bought by
Speckin Erich J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,400
Interest Rate
6.69%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 8, 1999
Sold by
Derosia Gary
Bought by
Prout Michael C and Prout Carla J
Purchase Details
Closed on
Mar 4, 1998
Bought by
Prout Michael C
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 | $86,000 | Liberty Title | |
| Warranty Deed | $57,000 | Tri Title Agency Llc | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $62,100 | Trans | |
| Quit Claim Deed | -- | Transnation | |
| Warranty Deed | $53,000 | Midstate Title Company | |
| Warranty Deed | $30,500 | Metropolitan Title Company | |
| Deed | $30,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $61,500 | Purchase Money Mortgage | |
| Previous Owner | $42,400 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/05/2021 10/05/21 | Sold | $86,000 | +1.3% | $71 / Sq Ft |
| 09/15/2021 09/15/21 | Pending | -- | -- | -- |
| 09/09/2021 09/09/21 | For Sale | $84,900 | +48.9% | $70 / Sq Ft |
| 11/21/2018 11/21/18 | Sold | $57,000 | +7.5% | $47 / Sq Ft |
| 10/08/2018 10/08/18 | Pending | -- | -- | -- |
| 09/28/2018 09/28/18 | For Sale | $53,000 | -- | $44 / Sq Ft |
Source: Greater Lansing 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 | $26 | $44,700 | $4,100 | $40,600 |
| 2023 | $3,016 | $36,400 | $4,100 | $32,300 |
| 2022 | $2,761 | $33,100 | $4,700 | $28,400 |
| 2021 | $2,443 | $31,000 | $7,200 | $23,800 |
| 2020 | $2,424 | $28,800 | $7,200 | $21,600 |
| 2019 | $2,314 | $27,800 | $7,200 | $20,600 |
| 2018 | $2,056 | $24,600 | $7,200 | $17,400 |
| 2017 | $1,976 | $24,600 | $7,200 | $17,400 |
| 2016 | $6,135 | $24,200 | $7,200 | $17,000 |
| 2015 | $6,135 | $23,600 | $14,495 | $9,105 |
| 2014 | $6,135 | $22,500 | $15,750 | $6,750 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2021
Sarah Pelton
Community Realty, LLC
(719) 494-5939
1 in this area
59 Total Sales
-
Seller's Agent in 2018
Jerri Osmar
Berkshire Hathaway HomeServices
(517) 802-8569
36 Total Sales
Map
Source: Greater Lansing Association of Realtors®
MLS Number: 230916
APN: 01-01-09-361-171
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