$40,000
SOLD NOV 13, 2024
3 Beds
2 Baths
1,734 Sq Ft
1,307 Sq Ft Lot

Recently Sold

$23 Per Sq Ft

41% Below List Price

54 Days on Market

Highlights

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

About This Home

As of November 2024

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: 08/24/2024

Coldwell Banker Woodland Schmidt ART Office

Co-Listed By

Steve Sterken

Coldwell Banker Woodland Schmidt ART Office License #6506047986

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1915

Lot Details

  • 1,307 Sq Ft Lot
  • Lot Dimensions are 70x20

Home Design

  • Bungalow
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,734 Sq Ft Home
  • 1-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Utilities

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

Home Details

Home Type

Single Family

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • Stories: 1
  • Year Built: 1915
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 70x20
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 1734.0
  • General Property Info:Main Level Primary: No
  • Tax Info:Annual Property Tax: 2403.0
  • 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
  • Water Heater:Natural Gas4: Yes
  • General Property Info:SqFt Above Grade: 867.0
  • 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: 2
  • Total Bathrooms: 2
  • Basement: Full
  • LivingArea: 1734.0
  • General Property Info:Stories2: 1.0
  • Basement Rooms:Total Basement SQFT: 867.0

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 60000.0
  • 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: 0.03
  • Lot Size Area: 0.03
  • Lot Dimensions: 70x20
  • Lot Size Sq Ft: 1307.0
  • Zoning Description: RES
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2403.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2024
Closed on
Nov 13, 2024
Sold by
25 Lansing Llc
Bought by
Elak Llc
Seller's Agent
Derrek Sterken
Coldwell Banker Woodland Schmidt ART Office
List Price
$68,000
Sold Price
$40,000
Premium/Discount to List
-$28,000
-41.18%
Total Days on Market
54
Views
37
Current Estimated Value
$62,721

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,721
Avg. Annual Appreciation
104.49%
Original Mortgage
$94,000
Outstanding Balance
$55,552
Interest Rate
6.32%
Mortgage Type
Construction
Estimated Equity
$9,975

Purchase Details

Closed on
Dec 16, 2022
Sold by
D W Sheets Iii 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
Interest Rate
6.61%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 14, 2016
Sold by
Sheets David W
Bought by
D W Sheets Iii Llc

Purchase Details

Listed on
Sep 10, 2014
Closed on
Apr 27, 2015
Sold by
Castro Julian
Bought by
Sheets David W and David W Sheets Revocable Living Trust
Seller's Agent
Christopher Todd
Todd & Associates
Buyer's Agent
Lisa VanderMeer
Coldwell Banker Professionals-E.L.
List Price
$20,000
Sold Price
$10,700
Premium/Discount to List
-$9,300
-46.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.36%

Purchase Details

Closed on
Oct 3, 2012
Sold by
Bank Of America Na
Bought by
Secretary Of Hud

Purchase Details

Closed on
Jun 21, 2012
Sold by
Gibbons John Francis and Gibbons Kimberly
Bought by
Bank Of America Na

Purchase Details

Closed on
Dec 15, 2004
Sold by
Cvrljevic Boris and Cvrljevic Miroslava
Bought by
Gibbons John F and Gibbons Kimberly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,810
Interest Rate
5.9%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 15, 2004
Sold by
Waters Roxie S
Bought by
Cvrljevic Boris

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.65%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 20, 2004
Sold by
R E Investments Inc
Bought by
Associates Financial Services Co Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.65%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 24, 1999
Sold by
Hood James G and Hood Lora
Bought by
R E Investments Inc
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 $40,000 Chicago Title
Warranty Deed $288,000 --
Interfamily Deed Transfer -- None Available
Deed $10,700 Bell Title Co
Warranty Deed -- None Available
Sheriffs Deed $90,142 None Available
Warranty Deed $77,000 Metropolitan Title Company
Warranty Deed $23,000 Metropolitan Title Okemos Se
Quit Claim Deed -- Metropolitan Title Okemos Se
Quit Claim Deed -- Metro
Land Contract -- Metro
Warranty Deed $28,000 --
Assignment Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $94,000 Construction
Previous Owner $900,000 Credit Line Revolving
Previous Owner $24,750 Stand Alone Second
Previous Owner $75,810 FHA
Previous Owner $1 Credit Line Revolving
Previous Owner $50,000 Credit Line Revolving
Previous Owner $18,000 Purchase Money Mortgage
Closed -- Land Contract Argmt. Of Sale
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/13/2024 11/13/24 Sold $40,000 -33.3% $23 / Sq Ft
10/17/2024 10/17/24 Pending -- -- --
10/09/2024 10/09/24 Price Changed $60,000 -11.8% $35 / Sq Ft
08/24/2024 08/24/24 For Sale $68,000 +535.5% $39 / Sq Ft
04/28/2015 04/28/15 Sold $10,700 -46.5% $12 / Sq Ft
03/18/2015 03/18/15 Pending -- -- --
09/10/2014 09/10/14 For Sale $20,000 -- $23 / 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 $21 $31,900 $2,200 $29,700
2023 $2,403 $28,600 $2,200 $26,400
2022 $1,668 $23,500 $2,600 $20,900
2021 $1,629 $21,000 $3,300 $17,700
2020 $1,618 $19,400 $3,300 $16,100
2019 $1,579 $19,200 $3,300 $15,900
2018 $1,539 $19,100 $3,300 $15,800
2017 $1,481 $19,100 $3,300 $15,800
2016 $1,397 $20,200 $3,300 $16,900
2015 $1,397 $19,500 $9,366 $10,134
2014 $1,397 $18,100 $6,875 $11,225
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 24044559

Southwestern Michigan Association of REALTORS®

APN: 01-01-17-229-401