NOT LISTED FOR SALE

917 W Ionia St Lansing, MI 48915

Downtown Lansing Neighborhood

Estimated Value: $134,000 - $159,000

3 Beds
2 Baths
1,320 Sq Ft
$107/Sq Ft Est. Value

Last Sold March 30, 2023

Last sale price $124,000 $94 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $790/month

4 Days on Market

Highlights

  • 0.24 Acre Lot
  • Cooling System Mounted To A Wall/Window
  • Baseboard Heating
  • Front Porch
  • Forced Air Heating System
  • Carpet

About This Home

As of March 2023

This beautiful duplex in Lansing is a perfect investment opportunity for anyone looking to own a rental property. The heat and electric utilities are split, making it easy to manage and bill tenants accordingly. The duplex features a brand new furnace, ensuring tenant will stay warm during the colder months.
The entire property has been completely renovated, including new flooring, modern light fixtures, and new appliances, providing a fresh and inviting living space for your tenants. The duplex is move-in ready, so your tenants can start enjoying their new home right away.
The property features multiple decks, perfect for outdoor living and entertaining. There is also a large parking area, providing ample space for both tenants and visitors.
This duplex is ideal for anyone who wants to generate rental income while living on the property. With the option to rent one unit and live in the other for free, this property offers a unique opportunity for the savvy investor. Don't miss out on the chance to own this beautiful duplex in Lansing!

Last Agent to Sell the Property

David Hall

Achieve Real Estate LLC License #6502433100 Listed on: 02/18/2023

Last Buyer's Agent

Cabus Dewey

EXIT Realty Home Partners License #6501403441

EXIT Realty Home Partners

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,588

Year Built

  • Built in 1890

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 52.25x198

Home Design

  • Duplex
  • Block Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,320 Sq Ft Home
  • 2-Story Property
  • Laundry in Bathroom

Flooring

  • Carpet
  • Laminate
  • Vinyl

Basement

  • Basement Fills Entire Space Under The House
  • Michigan Basement

Parking

  • 6 Parking Spaces
  • Driveway

Outdoor Features

  • Front Porch

Utilities

  • Cooling System Mounted To A Wall/Window
  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Baseboard Heating

Community Details

  • 2 Units
  • Claypool Subdivision

Listing and Financial Details

  • Total Actual Rent $1,790

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,588

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Gross Rent: 1790.0
  • Tax Year: 2022
  • Levels: Two
  • Year Built: 1890
  • Lot Size Acres: 0.24
  • Lot Size: 52.25x198
  • Subdivision Name: Claypool
  • Above Grade Finished Sq Ft: 1320.0
  • General Property Info:Lot Size Dimensions: 52.25x198
  • General Property Info:Above Grade Finished Area: 1320.0
  • Levels:Two2: Yes
  • Flooring:Carpet: Yes
  • Flooring:Laminate: Yes
  • Foundation Details:Block4: Yes
  • Sewer:Public Sewer: Yes
  • Cooling:Window Unit(s): Yes
  • Roof:Shingle: Yes
  • Exterior:Vinyl Siding: Yes
  • Flooring:Vinyl2: Yes
  • Tax Info:Taxes2: 2588.0
  • Tax Info:Zoning3: Residential
  • General Property Info:Building 1 Description: Duplex
  • General Property Info:_pound_ of Units: 2
  • Cooling:WallWindow Unit(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Michigan
  • Heating: Baseboard, Forced Air, Natural Gas, Wall Furnace
  • Flooring: Carpet, Laminate, Vinyl
  • Property Type: Resid/Multi-Family
  • Full Basement: Yes
  • Basement:Michigan: Yes
  • Laundry Features:In Unit: Yes
  • Laundry Features:In Bathroom: Yes

Exterior Features

  • Roof: Shingle
  • Foundation Details: Block
  • Patio And Porch Features: Front Porch, Rear Porch
  • Construction Type: Vinyl Siding
  • Patio Porch Features:Front Porch: Yes
  • Patio Porch Features:Rear Porch: Yes

Garage/Parking

  • Total Parking Spaces: 6.0
  • Parking Features: Driveway
  • Attached Garage: No
  • Parking Features:Driveway: Yes
  • General Property Info:Parking Total: 6

Utilities

  • Sewer: Public Sewer
  • Cooling: Wall/Window Unit(s), Window Unit(s)
  • LaundryFeatures: In Bathroom, In Unit
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes
  • Heating:Wall Furnace: Yes
  • Heating:Baseboard: Yes

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Sq Ft: 10454.4
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Carrier Route: 1850

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2023
Closed on
Mar 30, 2023
Sold by
Trinity Enterprise Llc
Bought by
Spiric Stefan and Spiric Radmila
Seller's Agent
David Hall
Achieve Real Estate LLC
Buyer's Agent
Cabus Dewey
EXIT Realty Home Partners
List Price
$119,900
Sold Price
$124,000
Premium/Discount to List
$4,100
3.42%
Views
188
Current Estimated Value
$141,407

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,407
Avg. Annual Appreciation
6.07%
Original Mortgage
$93,000
Outstanding Balance
$90,851
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$50,556

Purchase Details

Closed on
Aug 4, 2021
Sold by
Fogle Brian
Bought by
Trinity Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,600
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 1, 2001
Sold by
Ballard Arlene J
Bought by
Fogle Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,420
Interest Rate
6.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 19, 1996
Sold by
Hannon Michael J Estate Of
Bought by
Ballard James E
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 Buyer Sale Price Title Company
Spiric Stefan $124,000 Liberty Title
Trinity Enterprises Llc $46,000 Liberty Title
Fogle Brian $63,800 --
Ballard James E $17,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Spiric Stefan $93,000
Previous Owner Trinity Enterprises Llc $49,600
Previous Owner Fogle Brian $57,420
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2023 03/30/23 Sold $124,000 +3.4% $94 / Sq Ft
02/21/2023 02/21/23 Pending -- -- --
02/17/2023 02/17/23 For Sale $119,900 -- $91 / 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 $39 $55,300 $7,500 $47,800
2023 $3,510 $42,900 $7,500 $35,400
2022 $3,211 $39,000 $7,800 $31,200
2021 $2,420 $35,400 $9,300 $26,100
2020 $2,745 $33,400 $9,300 $24,100
2019 $3,084 $33,200 $9,300 $23,900
2018 $2,970 $28,200 $9,300 $18,900
2017 $3,060 $28,200 $9,300 $18,900
2016 $2,196 $27,800 $9,300 $18,500
2015 $2,196 $27,000 $18,641 $8,359
2014 $2,196 $25,600 $16,250 $9,350
Source: Public Records

Agents Affiliated with this Home

  • David Hall

    Seller's Agent in 2023

    David Hall

    Achieve Real Estate LLC

    (517) 712-8329

    5 in this area

    151 Total Sales

    David Hall
    Section Image
  • Cabus Dewey

    Buyer's Agent in 2023

    Cabus Dewey

    EXIT Realty Home Partners

    (517) 303-9777

    3 in this area

    47 Total Sales

    Cabus Dewey
    Section Image
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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 271335

Greater Lansing Association of Realtors®

APN: 01-01-17-278-261

Michigan Ingham County Lansing 48915 Downtown Lansing

917 W Ionia St, Lansing, MI

This home is located at 917 W Ionia St, Lansing, MI 48915 since 18 February 2023 and is currently estimated at $141,407, approximately $107 per square foot. This property was built in 1890. 917 W Ionia St is a home located in Ingham County with nearby schools including Riddle Elementary School, Pattengill Academy, and J.W. Sexton High School.

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