NOT LISTED FOR SALE

Estimated Value: $118,285 - $212,000

-- Bed
-- Bath
1,429 Sq Ft
$102/Sq Ft Est. Value

Last Sold November 04, 2020

Last sale price $68,900 $48 Per Sq Ft

Est. 112% increase in value since last sale

Current estimated payment $779/month

85 Days on Market

About This Home

As of November 2020

Great cash flow! $1400/month rent. This newly vinyl sided 2 and 1 duplex is rented into 2021 so start making money the day you close. Close to Sparrow Hospital, LCC, Cooley Law and the Michigan ave corridor the demand for this location is not slowing down. The current management company would love to stay on and take care of this property for you but it is not required for all you do it your selfers out there. Dont let this one slip by, schedule your showing today!!

Last Agent to Sell the Property

Hunter Seyfarth

Berkshire Hathaway HomeServices License #6501386167 Listed on: 09/09/2020

Berkshire Hathaway HomeServices

Last Buyer's Agent

David Alter

Coldwell Banker Professionals-Delta License #6501395389

Coldwell Banker Professionals-Delta

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1875

Lot Details

  • 5,968 Sq Ft Lot
  • Lot Dimensions are 41x142

Home Design

  • Duplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,429 Sq Ft Home
  • 2-Story Property

Basement

  • Michigan Basement
  • Crawl Space

Parking

  • 3 Parking Spaces
  • No Garage

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Total Actual Rent $16,800

Community Details

Overview

  • 2 Units

Building Details

  • Electric Expense $2,837
  • Insurance Expense $594
  • New Taxes Expense $3,127

Property Details

Home Type

Multi-Family

Year Built

Built in 1875

Lot Details

0

Listing Details

  • Gross Rent: 16800.0
  • Less Fuel: 261.0
  • Tax Year: 2019
  • Registered Licenses for Unrelated Occupants: 2
  • Levels: Two
  • Year Built: 1875
  • Lot Size Acres: 0.14
  • Lot Size: 41x142
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 1429.0
  • General Property Info:Lot Size Dimensions: 41x142
  • General Property Info:Above Grade Finished Area: 1429.0
  • Levels:Two2: Yes
  • Sewer:Public Sewer: Yes
  • Utilities:Cable Available: Yes
  • Utilities:High Speed Internet Available: Yes
  • Roof:Shingle: Yes
  • Exterior:Vinyl Siding: Yes
  • Tax Info:Taxes2: 3127.0
  • Tax Info:Zoning3: Residential
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:Building 1 Description: Duplex
  • General Property Info:_pound_ of Units: 2
  • Annual Inc Expense:Insurance4: 594.0
  • Annual Inc Expense:Tax Expense2: 3127.0
  • Annual Inc Expense:Electricity5: 2837.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space, Michigan
  • Heating: Forced Air, Natural Gas
  • Property Type: Resid/Multi-Family
  • Basement:Michigan: Yes
  • Basement:Crawl Space: Yes

Exterior Features

  • Roof: Shingle
  • Construction Type: Vinyl Siding

Garage/Parking

  • Parking Features: Asphalt, No Garage
  • Attached Garage: No
  • Parking Features:Asphalt2: Yes
  • Parking Features:No Garage: Yes
  • Misc Business Info:_pound_ Parking: 3
  • General Property Info:Parking Total: 3

Utilities

  • Sewer: Public Sewer
  • Utilities: High Speed Internet Available, Cable Available
  • Water Source: Public
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Sq Ft: 5967.72
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2020
Closed on
Nov 4, 2020
Sold by
Hillsdale Street Investments Llc
Bought by
Dodge Logan and Dodge Devan
Seller's Agent
Hunter Seyfarth
Berkshire Hathaway HomeServices
Buyer's Agent
David Alter
Coldwell Banker Professionals-Delta
List Price
$69,900
Sold Price
$68,900
Premium/Discount to List
-$1,000
-1.43%
Total Days on Market
85
Current Estimated Value
$146,321

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,421
Avg. Annual Appreciation
17.71%
Original Mortgage
$55,120
Outstanding Balance
$41,216
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$105,105

Purchase Details

Closed on
Nov 6, 2018
Sold by
Ashendorf Gabriel
Bought by
Classic Family Real Estate Llc

Purchase Details

Closed on
Jul 24, 2017
Sold by
Classic Family Real Estate Llc
Bought by
Ashendorf Gabriel

Purchase Details

Closed on
Jun 26, 2013
Sold by
Callton Daniel M
Bought by
Classic Family Real Estate Llc

Purchase Details

Closed on
Sep 30, 2010
Sold by
Smith Christina
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Oct 5, 2004
Sold by
Roche Adam Joseph
Bought by
Smith Christina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,000
Interest Rate
4.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 23, 2003
Sold by
Michigan Non Profit Real Estate Developm
Bought by
Smith Christina and Roche Adam Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,841
Interest Rate
5.78%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 30, 2001
Sold by
Magana Sara G
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
$58,960
Interest Rate
6.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 15, 1998
Sold by
Jackson Ollie E and Jackson Emma
Bought by
Magana Sara G
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 Buyer Sale Price Title Company
Dodge Logan $68,900 None Available
Classic Family Real Estate Llc -- Liberty Title
Ashendorf Gabriel -- None Available
Classic Family Real Estate Llc -- None Available
Federal National Mortgage Association $25,400 None Available
Smith Christina -- Bell Title Co
Smith Christina -- Bell Title Co
Smith Christina $75,000 Landamerica Transnation
Michigan Non Profit Real Estate Developm $50,000 --
Magana Sara G $28,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dodge Logan $55,120
Previous Owner Smith Christina $79,000
Previous Owner Smith Christina $73,841
Previous Owner The Michigan Non Profit Real Estate Dev $70,000
Previous Owner Michigan Non Profit Real Estate Developm $58,960
Closed Smith Christina $1,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/04/2020 11/04/20 Sold $68,900 -1.4% $48 / Sq Ft
10/13/2020 10/13/20 Pending -- -- --
07/20/2020 07/20/20 For Sale $69,900 -- $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
2024 $30 $56,900 $4,100 $52,800
2023 $3,349 $48,500 $4,100 $44,400
2022 $3,156 $42,200 $3,100 $39,100
2021 $2,985 $37,300 $3,900 $33,400
2020 $2,404 $34,400 $3,900 $30,500
2019 $3,087 $29,000 $3,900 $25,100
2018 $2,186 $23,400 $3,900 $19,500
2017 $1,758 $23,400 $3,900 $19,500
2016 $3,200 $23,000 $3,900 $19,100
2015 $3,200 $22,500 $7,843 $14,657
2014 $3,200 $22,700 $7,843 $14,857
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 248027

Greater Lansing Association of Realtors®

APN: 01-01-15-152-101