$55,000
SOLD MAR 14, 2025
3 Beds
1 Bath
836 Sq Ft
3,920 Sq Ft Lot

Recently Sold

$66 Per Sq Ft

33% Below List Price

168 Days on Market

Highlights

  • Bungalow
  • Forced Air Heating System
  • 1-Story Property

About This Home

As of March 2025

Who do you know that is looking for rental property has the possibility to generate cash flow? This property is currently a licensed rental with the City of Lansing and would be a great opportunity for any investor. The estimated market rent for this property is around $850/month. This is a great rental at a great price, don't miss this opportunity!

Last Agent to Sell the Property

Derrek Sterken

Coldwell Banker Woodland Schmidt ART Office License #6501451743 Listed on: 09/20/2024

Coldwell Banker Woodland Schmidt ART Office

Co-Listed By

Steve Sterken

Coldwell Banker Woodland Schmidt ART Office License #6506047986

Last Buyer's Agent

Chelsea Roelofs

Bluebow Realty LLC License #6506045645

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1916

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 36.5x112.5

Parking

  • Gravel Driveway

Home Design

  • Bungalow
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 836 Sq Ft Home
  • 1-Story Property
  • Basement Fills Entire Space Under The House
  • Laundry on main level

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Utilities

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

Home Details

Home Type

Single Family

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • Stories: 1
  • Year Built: 1916
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 36.5x112.5
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 836.0
  • General Property Info:Main Level Primary: Yes
  • Tax Info:Annual Property Tax: 2881.0
  • Tax Info:Zoning3: RES
  • Waterfront Options:Water Access YN: No
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Manufactured:Manufactured YN: No
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Driveway:Gravel: Yes
  • Water Heater:Natural Gas4: Yes
  • General Property Info:SqFt Above Grade: 836.0
  • General Property Info Garage YN: No
  • Architectural Style Bungalow: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Total Bedrooms: 3
  • Main Level Bedrooms: 3
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Full
  • LivingArea: 836.0
  • General Property Info:Stories2: 1.0

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 79900.0
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Garage: No

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Laundry Features: See Remarks
  • Sewer: Public
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.09
  • Lot Size Area: 0.09
  • Lot Dimensions: 36.5x112.5
  • Lot Size Sq Ft: 3920.0
  • Zoning Description: RES
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2881.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 16, 2022
Sold by
D W Sheets V Llc
Bought by
25 Lansing Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Outstanding Balance
$875,033
Interest Rate
6.61%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$804,218

Purchase Details

Listed on
Oct 17, 2011
Closed on
Aug 16, 2012
Sold by
Mccourtie Jennifer L
Bought by
D W Sheets V Llc
Seller's Agent
Michelle Lycos
Coldwell Banker Professionals -Okemos
Buyer's Agent
Lisa VanderMeer
Coldwell Banker Professionals-E.L.
List Price
$22,000
Sold Price
$9,500
Premium/Discount to List
-$12,500
-56.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.89%

Purchase Details

Closed on
Dec 23, 2004
Sold by
Respecki Michael and Respecki Jill
Bought by
Mccourtie Jennifer L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,067
Interest Rate
7.49%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 10, 2003
Sold by
Mortgage Electronic Registration Systems
Bought by
Pledged Property Ii Llc

Purchase Details

Closed on
Oct 2, 2003
Sold by
Sharkey Russell A
Bought by
Mortgage Electronic Registration Systems

Purchase Details

Closed on
Sep 12, 2000
Sold by
Jenkins Willie J and Hobbs Melinda M
Bought by
Sharkey Russell A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,750
Interest Rate
12.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 14, 1998
Sold by
Hudson Nellie P
Bought by
Jenkins Willie J and Hobbs Melin
Source: Public Records

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Range of Values:

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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 $480,000 --
Warranty Deed $9,500 None Available
Warranty Deed $71,650 Chicago Title Of Michigan
Corporate Deed -- --
Sheriffs Deed $29,185 --
Warranty Deed $41,000 --
Warranty Deed $92,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $900,000 Credit Line Revolving
Previous Owner $72,103 FHA
Previous Owner $73,587 Unknown
Previous Owner $68,067 Purchase Money Mortgage
Previous Owner $52,200 Unknown
Previous Owner $43,200 Unknown
Previous Owner $30,750 Purchase Money Mortgage
Closed $8,200 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2025 07/09/25 Price Changed $84,900 -22.0% $102 / Sq Ft
06/11/2025 06/11/25 Price Changed $108,800 -16.3% $130 / Sq Ft
06/05/2025 06/05/25 For Sale $130,000 +136.4% $156 / Sq Ft
03/14/2025 03/14/25 Sold $55,000 -31.2% $66 / Sq Ft
03/07/2025 03/07/25 Pending -- -- --
02/07/2025 02/07/25 Price Changed $79,900 -2.6% $96 / Sq Ft
09/20/2024 09/20/24 For Sale $82,000 +763.2% $98 / Sq Ft
08/23/2012 08/23/12 Sold $9,500 -56.8% $11 / Sq Ft
05/28/2012 05/28/12 Pending -- -- --
10/17/2011 10/17/11 For Sale $22,000 -- $26 / Sq Ft
Source: Southwestern Michigan 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 $25 $39,900 $4,300 $35,600
2023 $2,882 $34,600 $4,300 $30,300
2022 $1,995 $31,300 $4,700 $26,600
2021 $1,949 $28,700 $4,700 $24,000
2020 $1,935 $27,600 $4,700 $22,900
2019 $1,869 $25,100 $4,700 $20,400
2018 $1,773 $22,700 $4,700 $18,000
2017 $1,706 $22,700 $4,700 $18,000
2016 $1,713 $22,300 $4,700 $17,600
2015 $1,713 $21,800 $9,337 $12,463
2014 $1,713 $22,500 $12,500 $10,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 24049921

Southwestern Michigan Association of REALTORS®

APN: 01-01-20-134-161