NOT LISTED FOR SALE

Estimated Value: $116,471 - $158,000

-- Bed
-- Bath
1,250 Sq Ft
$114/Sq Ft Est. Value

Last Sold November 12, 2013

Last sale price $26,000 $21 Per Sq Ft

Est. 449% increase in value since last sale

Current estimated payment $1,070/month

About This Home

As of November 2013

835 Ferley Street - great opportunity for a triplex unit in Lansing. This property contains a duplex & a separate house. The front house is a 1 bedroom home with a full basement with laundry hook ups renting for $350/month. The duplex includes a 1 bedroom unit (renting for $395/month) & a 2 bedroom unit (vacant). Both units offer updated kitchens with maple cabinets & included appliances. Tenants pay electric & gas. New hot water heaters in both units. There is also a 1 car garage on the property. Property is licensed & registered with the city. See also MLS 50241/ 6309 Grovenburg, Lansing. This is a duplex owned by same investor- package deal available.

Last Agent to Sell the Property

Erica Mcavoy

Coldwell Banker Professionals -Okemos License #6506048062 Listed on: 07/22/2013

Coldwell Banker Professionals -Okemos

Last Buyer's Agent

Christopher Mills

Brokers Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1937

Lot Details

  • Lot Dimensions are 66x330

Parking

  • 3 Parking Spaces

Home Design

  • Ranch Style House
  • Vinyl Siding

Interior Spaces

  • 1,250 Sq Ft Home
  • Crawl Space

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Tax Year: 12
  • Registered Licenses for Unrelated Occupants: Y
  • Levels: One
  • Year Built: 1937
  • Lot Size: 66x330
  • Above Grade Finished Sq Ft: 1250.0
  • Architectural Style: Ranch
  • General Property Info:Lot Size Dimensions: 66x330
  • General Property Info:Above Grade Finished Area: 1250.0
  • Sewer:Public Sewer: Yes
  • Levels:One: Yes
  • General Property Info:ECO Friendly Features: No
  • Exterior:Vinyl Siding: Yes
  • Architectural Style:Ranch: Yes
  • Heating Other2: Yes
  • Tax Info:Taxes2: 2976.0
  • Tax Info:Zoning3: Residential
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:_pound_ of Units: 3
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Construction Type: Vinyl Siding

Garage/Parking

  • General Property Info:Parking Total: 3

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2013
Closed on
Nov 12, 2013
Sold by
Jpk Investments Llc
Bought by
Neatfeld Ray
Seller's Agent
Erica Mcavoy
Coldwell Banker Professionals -Okemos
Buyer's Agent
Christopher Mills
Brokers Realty
List Price
$40,000
Sold Price
$26,000
Premium/Discount to List
-$14,000
-35%
Current Estimated Value
$142,868

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$116,868
Avg. Annual Appreciation
15.44%

Purchase Details

Closed on
Jun 29, 2010
Sold by
Citizens Bank
Bought by
Sagamore Reo I Llc

Purchase Details

Closed on
Nov 17, 2009
Sold by
Mortgage Electronic Registration Systems
Bought by
Citizens Bank

Purchase Details

Closed on
Nov 12, 2009
Sold by
Oconnor Asa and Black Steven
Bought by
Mortgage Electronic Registration Systems

Purchase Details

Closed on
Jan 6, 2005
Sold by
Ausel Harty J and Ausel Sarah W
Bought by
Oconnor Asa and Black Steven

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 17, 2003
Sold by
Brown Sally E and Brown Paul E
Bought by
Ausel Harty J and Ausel Sarah W

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
6.02%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 11, 2002
Sold by
Shatney Barry J
Bought by
Brown Sally E

Purchase Details

Closed on
Jan 16, 2002
Sold by
Church David E and Church Nelly E
Bought by
Shatney Barry J
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
Neatfeld Ray $26,000 Tri County Title Agency Llc
Sagamore Reo I Llc $6,592 Attorneys Title Agency Llc
Citizens Bank -- None Available
Mortgage Electronic Registration Systems $56,925 None Available
Oconnor Asa $110,000 Fatic
Ausel Harty J $80,000 Fatic
Brown Sally E $60,000 Fatic
Shatney Barry J $55,000 Fatic
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Oconnor Asa $99,000
Previous Owner Ausel Harty J $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/12/2013 11/12/13 Sold $26,000 -35.0% $21 / Sq Ft
10/19/2013 10/19/13 Pending -- -- --
07/22/2013 07/22/13 For Sale $40,000 -- $32 / 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 $3,797 $60,100 $9,500 $50,600
2024 $30 $54,800 $9,500 $45,300
2023 $3,941 $51,100 $9,500 $41,600
2022 $3,284 $47,200 $9,500 $37,700
2021 $3,209 $44,600 $6,900 $37,700
2020 $3,184 $42,500 $6,900 $35,600
2019 $5,387 $40,600 $6,900 $33,700
2018 $2,916 $35,800 $6,900 $28,900
2017 $2,803 $35,800 $6,900 $28,900
2016 $5,044 $35,200 $6,900 $28,300
2015 $5,044 $34,000 $13,844 $20,156
2014 $5,044 $34,800 $20,766 $14,034
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 50252

Greater Lansing Association of Realtors®

APN: 01-05-05-276-191