NOT LISTED FOR SALE

Estimated Value: $77,626 - $100,000

-- Bed
-- Bath
888 Sq Ft
$97/Sq Ft Est. Value

Last Sold June 11, 2021

Last sale price $70,000 $79 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $478/month

4 Days on Market

Highlights

  • Wood Frame Window
  • Private Entrance
  • Heating System Uses Natural Gas
  • Front Porch
  • Carpet

About This Home

As of June 2021

If you're looking to buy an affordable investment property that you can actually see both units and is in move in ready condition, here it is. No current renters or leases. Home has been easy to rent. Clean and move-in-ready. Close to Sparrow Hospital for an easy commute and just minutes away from the highway, without being right on top of it. All vinyl siding for low maintenance. Upper unit is a quaint space with 1 BR, 1 bath, a nice size closet space and a large kitchen pantry. The downstairs unit has 2 BR and 1 bath, with an extra backroom area for additional storage. Home has 2 driveways ~1 is private and the other is shared with parking spots for 2 vehicles behind the home. Utilities are currently shared. Call today. Don't miss out on the opportunity for an affordable investment property in this fast moving market.

Last Agent to Sell the Property

Sally Magoon

WEICHERT, REALTORS- Emerald Properties License #6506046424 Listed on: 05/18/2021

WEICHERT, REALTORS- Emerald Properties

Last Buyer's Agent

Deanna Seng

Ethos Real Estate West, Inc License #6501422570

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,407

Year Built

  • Built in 1887

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 33x94
  • Private Entrance

Home Design

  • Block Foundation
  • Stone Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 888 Sq Ft Home
  • 1.5-Story Property
  • Window Treatments
  • Wood Frame Window

Flooring

  • Carpet
  • Linoleum

Basement

  • Michigan Basement
  • Interior Basement Entry
  • Crawl Space

Parking

  • 3 Parking Spaces
  • No Garage
  • Gravel Driveway
  • Off-Street Parking

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • 100 Amp Service
  • Gas Water Heater

Additional Features

  • Front Porch
  • City Lot

Community Details

  • 2 Units
  • New Taxes Expense $1,407

Listing and Financial Details

  • Total Actual Rent $11,220

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,407

Year Built

Built in 1887

Lot Details

0

Listing Details

  • Gross Rent: 11220.0
  • Tax Year: 2020
  • Registered Licenses for Unrelated Occupants: yes
  • Levels: One and One Half
  • Year Built: 1887
  • Lot Size Acres: 0.07
  • Lot Size: 33x94
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 888.0
  • General Property Info:Lot Size Dimensions: 33x94
  • General Property Info:Above Grade Finished Area: 888.0
  • Flooring:Carpet: Yes
  • Foundation Details:Block4: Yes
  • Electric:_one_00 Amp Service: Yes
  • Sewer:Public Sewer: Yes
  • Roof:Shingle: Yes
  • Levels:One and One Half: Yes
  • Exterior:Vinyl Siding: Yes
  • Cooling:None8: Yes
  • Flooring:Linoleum: Yes
  • Tax Info:Taxes2: 1407.0
  • Tax Info:Zoning3: Residential
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:Building 1 Description: Residential Multi Unit
  • General Property Info:_pound_ of Units: 2
  • Foundation Details:Stone4: Yes
  • Annual Inc Expense:Tax Expense2: 1407.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Concrete, Crawl Space, Interior Entry, Michigan
  • Heating: Natural Gas
  • Flooring: Carpet, Linoleum
  • Property Type: Resid/Multi-Family
  • Window Features: Window Coverings, Wood Frames
  • Basement:Michigan: Yes
  • Basement:Concrete2: Yes
  • Basement:Interior Entry: Yes
  • Basement:Crawl Space: Yes

Exterior Features

  • Roof: Shingle
  • ExteriorFeatures: Private Entrance
  • Foundation Details: Block, Stone
  • Lot Features: City Lot
  • RoadFrontageType: City Street
  • RoadSurfaceType: Paved
  • Patio And Porch Features: Front Porch
  • Construction Type: Vinyl Siding
  • Lot Features:City Lot: Yes
  • Patio Porch Features:Front Porch: Yes
  • Window Features:Window Coverings: Yes
  • Exterior Features:Private Entrance: Yes
  • Window Features:Wood Frames: Yes

Garage/Parking

  • Parking Features: Driveway, Gravel, No Garage, Off Street
  • Attached Garage: No
  • Parking Features:Gravel2: Yes
  • Parking Features:No Garage: Yes
  • Parking Features:Driveway: Yes
  • Misc Business Info:_pound_ Parking: 3
  • Parking Features:Off Street: Yes
  • General Property Info:Parking Total: 3

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Electric: 100 Amp Service
  • LaundryFeatures: None
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Heating:Natural Gas: Yes

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Sq Ft: 3049.2
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Carrier Route: 1528

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2021
Closed on
Jun 11, 2021
Sold by
Runion Michael and Runion Christine
Bought by
Zetterholm Beverly J
Seller's Agent
Sally Magoon
WEICHERT, REALTORS- Emerald Properties
Buyer's Agent
Deanna Seng
Ethos Real Estate West, Inc
List Price
$62,600
Sold Price
$70,000
Premium/Discount to List
$7,400
11.82%
Current Estimated Value
$86,157

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,157
Avg. Annual Appreciation
6.12%
Original Mortgage
$90,000
Outstanding Balance
$82,890
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$6,664

Purchase Details

Closed on
Oct 10, 2007
Sold by
Womack Barbara A and Boos Barbara Womack
Bought by
Runion Michael R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,980
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage
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
Zetterholm Beverly J $70,000 Ata National Title Group Llc
Runion Michael R $62,200 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zetterholm Beverly J $90,000
Previous Owner Runion Michael R $55,320
Previous Owner Runion Michael R $55,980
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/11/2021 06/11/21 Sold $70,000 +11.8% $79 / Sq Ft
05/22/2021 05/22/21 Pending -- -- --
05/18/2021 05/18/21 For Sale $62,600 -- $70 / 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 $19 $32,900 $2,700 $30,200
2023 $2,271 $28,000 $2,700 $25,300
2022 $2,083 $24,200 $2,000 $22,200
2021 $1,419 $21,100 $2,500 $18,600
2020 $1,407 $19,400 $2,500 $16,900
2019 $1,351 $16,400 $2,500 $13,900
2018 $1,289 $14,800 $2,500 $12,300
2017 $1,237 $14,800 $2,500 $12,300
2016 $1,211 $14,500 $2,500 $12,000
2015 $1,211 $14,100 $5,051 $9,049
2014 $1,211 $14,200 $5,051 $9,149
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 255584

Greater Lansing Association of Realtors®

APN: 01-01-15-154-181