NOT LISTED FOR SALE

924 N Capitol Ave Unit 1 Lansing, MI 48906

Old Town Neighborhood

Estimated Value: $173,000 - $207,188

-- Bed
1 Bath
2,429 Sq Ft
$77/Sq Ft Est. Value

Last Sold May 14, 2021

Last sale price $159,000 $65 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $977/month

99 Days on Market

Highlights

  • Property is near public transit
  • Covered patio or porch
  • Hot Water Heating System
  • Wood Flooring
  • 1 Car Attached Garage
  • 3-minute walk to Durant Park

About This Home

As of May 2021

Welcome to 924 N Capitol Ave! A 4-unit near Downtown Lansing that offers a short distance from LCC, Cooley Law School, the state capital, and Sparrow Hospital. Public transportation. Owner pays all utilities. Income/expenses are from 2020. Schedule your showing today! *No seller financing or land contracts*

Last Agent to Sell the Property

Sandra Bailey-Bristol

Howard Hanna Real Estate Executives License #6506040391 Listed on: 04/15/2021

Last Buyer's Agent

Non Member

Non Member Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 66x165
  • Back Yard

Parking

  • 1 Car Attached Garage
  • Driveway

Home Design

  • Brick Exterior Construction
  • Shingle Roof
  • Aluminum Siding

Interior Spaces

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

Flooring

  • Wood
  • Carpet
  • Vinyl

Basement

  • Michigan Basement
  • Laundry in Basement
  • Crawl Space

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • 200+ Amp Service
  • Gas Water Heater

Additional Features

  • Covered patio or porch
  • Property is near public transit

Listing and Financial Details

  • Total Actual Rent $31,800

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $1,000
  • New Taxes Expense $3,998

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Parking

1

Listing Details

  • Gross Rent: 31800.0
  • Tax Year: 2020
  • Levels: Two, Two and One Half
  • Year Built: 1900
  • Lot Size Acres: 0.25
  • Lot Size: 66x165
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 2429.0
  • Architectural Style: Multi-Story
  • General Property Info:Lot Size Dimensions: 66x165
  • General Property Info:Above Grade Finished Area: 2429.0
  • Exterior:Aluminum Siding: Yes
  • Levels:Two2: Yes
  • Laundry Features:In Basement: Yes
  • Flooring:Carpet: Yes
  • Sewer:Public Sewer: Yes
  • Roof:Shingle: Yes
  • Exterior:Brick: Yes
  • Levels:Two and One Half: Yes
  • Flooring:Vinyl2: Yes
  • Flooring:Hardwood: Yes
  • Cooling:None8: Yes
  • Electric:_two_00 Amp Service: Yes
  • Tax Info:Taxes2: 3998.0
  • Tax Info:Zoning3: Residential
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:Building 1 Description: Quadplex
  • General Property Info:_pound_ of Units: 4
  • Architectural Style:Multi-Story: Yes
  • Annual Inc Expense:Insurance4: 1000.0
  • Annual Inc Expense:Tax Expense2: 3998.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space, Michigan
  • Heating: Hot Water, Natural Gas
  • Flooring: Carpet, Combination, Hardwood, Vinyl
  • Property Type: Resid/Multi-Family
  • Basement:Michigan: Yes
  • Basement:Crawl Space: Yes

Exterior Features

  • Roof: Shingle
  • Lot Features: Back Yard, Near Public Transit
  • RoadFrontageType: City Street
  • RoadSurfaceType: Asphalt
  • Patio And Porch Features: Covered
  • Construction Type: Aluminum Siding, Brick
  • Lot Features:Back Yard2: Yes
  • Lot Features:Near Public Transit: Yes
  • Patio Porch Features:Covered: Yes

Garage/Parking

  • Total Parking Spaces: 4.0
  • Parking Features: Concrete, Attached, Driveway
  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Parking Features:Attached: Yes
  • Parking Features:Driveway: Yes
  • Misc Business Info:_pound_ Parking: 5
  • General Property Info:Parking Total: 4
  • Parking Features:Garage Spaces2: 1
  • Parking Features:Concrete6: Yes

Utilities

  • Sewer: Public Sewer
  • Appliances: Gas Water Heater
  • Cooling: None
  • Electric: 200+ Amp Service
  • LaundryFeatures: In Basement
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Heating:Natural Gas: Yes
  • Heating:Hot Water: Yes

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Sq Ft: 10890.0
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 4
  • Insurance Expense: 1000.0

Tax Info

  • New Taxes Expense: 3998.0
  • Tax Carrier Route: 5116

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 2, 2022
Sold by
Alejandro Zalazar
Bought by
Saguaro South Llc
Current Estimated Value
$177,788

Purchase Details

Listed on
Apr 15, 2021
Closed on
May 18, 2021
Sold by
Old Town Apartments Llc
Bought by
Zalazar Alejandro
Seller's Agent
Sandra Bailey-Bristol
Howard Hanna Real Estate Executives
Buyer's Agent
Non Member
Non Member Office
List Price
$164,900
Sold Price
$159,000
Premium/Discount to List
-$5,900
-3.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.34%
Original Mortgage
$90,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 12, 2015
Sold by
United State Of America
Bought by
Old Town Apartments Llc

Purchase Details

Closed on
Apr 13, 2015
Sold by
Seigle Development Llc
Bought by
United State Of America

Purchase Details

Closed on
May 30, 2013
Sold by
Fannie Mae
Bought by
Seigle Development Llc

Purchase Details

Closed on
Apr 12, 2012
Sold by
Jpmorgan Chase Bank Na
Bought by
Fannie Mae and Federal National Mortgage Association

Purchase Details

Closed on
Sep 8, 2011
Sold by
Thacker Richard L and Thacker Annie L
Bought by
Jpmorgan Chase Bank National Association
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Saguaro South Llc -- None Listed On Document
Zalazar Alejandro $159,000 Liberty Title
Old Town Apartments Llc $44,900 Parks Title
United State Of America -- None Available
Seigle Development Llc $48,290 None Available
Fannie Mae -- None Available
Jpmorgan Chase Bank National Association $71,094 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Zalazar Alejandro $90,000
Previous Owner Old Town Apartments Llc $75,200
Previous Owner Old Town Apartments Llc $70,000
Previous Owner Thacker Richard L $69,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2021 05/14/21 Sold $159,000 -3.6% $65 / Sq Ft
04/24/2021 04/24/21 Pending -- -- --
03/03/2021 03/03/21 For Sale $164,900 0.0% $68 / Sq Ft
02/13/2021 02/13/21 Pending -- -- --
01/17/2021 01/17/21 For Sale $164,900 0.0% $68 / Sq Ft
01/17/2021 01/17/21 Price Changed $164,900 +3.7% $68 / Sq Ft
01/16/2021 01/16/21 Off Market $159,000 -- --
01/15/2021 01/15/21 For Sale $144,900 -- $60 / 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 $49 $87,900 $6,600 $81,300
2023 $5,739 $69,400 $6,600 $62,800
2022 $5,255 $62,700 $7,400 $55,300
2021 $4,030 $55,600 $8,300 $47,300
2020 $3,998 $50,300 $8,300 $42,000
2019 $3,848 $48,300 $8,300 $40,000
2018 $3,662 $43,300 $8,300 $35,000
2017 $3,519 $43,300 $8,300 $35,000
2016 $6,384 $42,500 $8,300 $34,200
2015 $6,384 $41,200 $16,500 $24,700
2014 $6,384 $38,600 $18,250 $20,350
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Sandra Bailey-Bristol

    Howard Hanna Real Estate Executives

  • N

    Buyer's Agent in 2021

    Non Member

    Non Member Office

See All Agents

Map

Source: Greater Lansing Association of Realtors®

MLS Number: 252545

Greater Lansing Association of Realtors®

APN: 01-01-09-378-021

Michigan Ingham County Lansing 48906 Old Town

924 N Capitol Ave Unit 1, Lansing, MI

This home is located at 924 N Capitol Ave Unit 1, Lansing, MI 48906 since 15 April 2021 and is currently estimated at $187,797, approximately $77 per square foot. This property was built in 1900. 924 N Capitol Ave Unit 1 is a home located in Ingham County with nearby schools including Willow School, Pattengill Academy, and J.W. Sexton High School.

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