NOT LISTED FOR SALE

Estimated Value: $141,649 - $182,000

-- Bed
1 Bath
1,480 Sq Ft
$109/Sq Ft Est. Value

Last Sold May 31, 2019

Last sale price $64,166 $43 Per Sq Ft

Est. 151% increase in value since last sale

Current estimated payment $902/month

156 Days on Market

Highlights

  • 0.23 Acre Lot
  • Covered patio or porch
  • High Speed Internet
  • Ranch Style House
  • Forced Air Heating System

About This Home

As of May 2019

Great investment opportunity! 2 bedroom, 1 bathroom duplex in Lansing. Tenants pay all utilities.

Last Agent to Sell the Property

Stacee Robison

Keller Williams Realty Lansing License #6501387487 Listed on: 03/29/2019

Keller Williams Realty Lansing

Last Buyer's Agent

Angela Averill

Century 21 Affiliated License #6501312624

Century 21 Affiliated

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971

Lot Details

  • 9,975 Sq Ft Lot
  • Lot Dimensions are 71x140.20

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • Ranch Style House
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,480 Sq Ft Home
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector

Outdoor Features

  • Covered patio or porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Total Actual Rent $14,280

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $894
  • New Taxes Expense $2,558
  • Net Operating Income $10,828

Property Details

Home Type

Multi-Family

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Gross Rent: 14280.0
  • Net Income: 10828.0
  • Tax Year: 2017
  • Levels: One
  • Year Built: 1971
  • Lot Size Acres: 0.23
  • Lot Size: 71x140.20
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 1480.0
  • Architectural Style: Ranch
  • General Property Info:Lot Size Dimensions: 71x140.20
  • General Property Info:Above Grade Finished Area: 1480.0
  • Sewer:Public Sewer: Yes
  • Utilities:Cable Available: Yes
  • Utilities:High Speed Internet Available: Yes
  • Roof:Shingle: Yes
  • Security Features:Smoke Detector(s): Yes
  • Levels:One: Yes
  • Exterior:Vinyl Siding: Yes
  • Architectural Style:Ranch: Yes
  • Tax Info:Taxes2: 2558.0
  • Tax Info:Zoning3: Residential
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:Building 1 Description: Duplex
  • General Property Info:_pound_ of Units: 2
  • Annual Inc Expense:Insurance4: 894.0
  • Annual Inc Expense:Tax Expense2: 2558.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Roof: Shingle
  • Patio And Porch Features: Covered
  • Construction Type: Vinyl Siding
  • Patio Porch Features:Covered: Yes

Garage/Parking

  • Misc Business Info:_pound_ Parking: 4
  • General Property Info:Parking Total: 4

Utilities

  • Sewer: Public Sewer
  • Utilities: High Speed Internet Available, Cable Available
  • Water Source: Public
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Sq Ft: 9975.24
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Carrier Route: 5115

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 7, 2023
Sold by
Hewitt Realty Llc
Bought by
2123 Lyons Llc
Current Estimated Value
$160,912

Purchase Details

Closed on
Nov 2, 2021
Sold by
Jacob Hewitt
Bought by
Hewitt Realty Llc

Purchase Details

Closed on
Mar 23, 2021
Sold by
Aaa Properties Inc
Bought by
Hewitt Jacob

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
2.73%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 29, 2019
Closed on
May 31, 2019
Sold by
Klefstad Realty Llc
Bought by
Aaa Properties Inc
Seller's Agent
Stacee Robison
Keller Williams Realty Lansing
Buyer's Agent
Angela Averill
Century 21 Affiliated
List Price
$70,000
Sold Price
$64,167
Premium/Discount to List
-$5,833
-8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.75%

Purchase Details

Closed on
Feb 10, 2004
Sold by
Klefstad Clifford E and Klefstad Barbara C
Bought by
Klefstad Realty Llc
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
2123 Lyons Llc $120,000 None Listed On Document
Hewitt Realty Llc -- None Listed On Document
Hewitt Jacob $140,000 None Available
Aaa Properties Inc $385,000 Liberty Title
Klefstad Realty Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hewitt Jacob $105,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2019 05/31/19 Sold $64,167 -8.3% $43 / Sq Ft
04/03/2019 04/03/19 Pending -- -- --
03/29/2019 03/29/19 For Sale $70,000 0.0% $47 / Sq Ft
03/29/2019 03/29/19 Price Changed $70,000 +11.1% $47 / Sq Ft
11/01/2018 11/01/18 Pending -- -- --
10/29/2018 10/29/18 For Sale $63,000 -- $43 / 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 $40 $61,500 $6,900 $54,600
2023 $4,549 $61,900 $6,900 $55,000
2022 $4,156 $51,400 $5,100 $46,300
2021 $3,321 $40,800 $4,800 $36,000
2020 $3,297 $39,600 $4,800 $34,800
2019 $4,864 $35,600 $4,800 $30,800
2018 $2,597 $33,200 $4,800 $28,400
2017 $2,498 $33,200 $4,800 $28,400
2016 $2,872 $32,600 $4,800 $27,800
2015 $2,872 $31,200 $9,610 $21,590
2014 $2,872 $37,300 $13,728 $23,572
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 231702

Greater Lansing Association of Realtors®

APN: 01-01-32-476-061