$502,000
SOLD MAY 2, 2016

15275 Francis Rd Lansing, MI 48906

5 Beds
6.5 Baths
5,191 Sq Ft
5.5 Acres

Recently Sold

$97 Per Sq Ft

16% Below List Price

27 Days on Market

Highlights

  • Barn
  • Spa
  • Colonial Architecture
  • Leon W. Hayes Middle School Rated A-
  • 5.5 Acre Lot
  • Deck

About This Home

As of May 2016

Welcome to 15275 Francis in the Grand Ledge School District. This exceptional 1870 Italianate home was completely restored from 2006-2008, nothing was spared and premium materials were used. Home offers wrap around porch, beautiful foyer, formal living room and 2 formal dining areas with a fireplace. The home is currently setup as a Bed and Breakfast. The custom built kitchen features quartz countertops, 5 ovens, 2 dishwashers and 3 refrigerators. Home offers radiant heat in the floors. Second floor hosts all the bedroom suites each with a private bath. There is stunning custom decor throughout. The cupola has another bedroom and half bath with great views of the property. There is a very nice solarium/gym area with 15 person hot tub. Includes 2 car garage with a heated carriage house and half bath. This home is a turnkey operation. Weddings have been hosted here on this stunningly landscaped 5.5 acres with waterfalls, bridges, sprinkler system, and many fruit trees. This would make a beautiful family home with endless entertaining possibilities. Home was recently appraised and is priced at well below the appraised value.

Last Agent to Sell the Property

Peter MacIntyre

RE/MAX Real Estate Professionals, Inc. Grand River License #6506040989 Listed on: 01/19/2016

Last Buyer's Agent

Terry Lasky

Coldwell Banker Professionals -Okemos License #6506045307

Coldwell Banker Professionals -Okemos

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1870

Lot Details

  • 5.5 Acre Lot
  • Wooded Lot

Parking

  • 2 Car Attached Garage
  • Gravel Driveway

Home Design

  • Colonial Architecture
  • Hardboard

Interior Spaces

  • 5,191 Sq Ft Home
  • Ceiling Fan
  • Fireplace Features Masonry
  • Gas Fireplace
  • Entrance Foyer
  • Living Room
  • Formal Dining Room
  • Fire and Smoke Detector

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Spa
  • Deck
  • Covered patio or porch

Farming

  • Barn

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Well
  • Gas Water Heater
  • Water Softener
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Home warranty included in the sale of the property

Home Details

Home Type

Single Family

Year Built

Built in 1870

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Dining Room Level: First
  • Living Room Level: First
  • Tax Year: 14
  • Parking Features Garage Spaces: 2.0
  • Year Built: 1870
  • Lot Size Acres: 5.5
  • Lot Size: 5.5 ACRES
  • Above Grade Finished Sq Ft: 5191.0
  • Architectural Style: Colonial
  • Living Area: 5191.0
  • General Property Info:Lot Size Dimensions: 5.5 ACRES
  • General Property Info:Above Grade Finished Area: 5191.0
  • General Property Info:Total Livable Area: 5191.0
  • Baths:_pound_Full Baths 2: 5
  • Baths:_pound_Full Baths 1: 1
  • Baths:_pound_Half Baths 3: 1
  • Rooms:Dining Room2: Yes
  • Rooms:Living Room2: Yes
  • Primary Bedroom Level: Second
  • Laundry Features:Main Level: Yes
  • Other Structures:Barn(s): Yes
  • Appliances Dryer: Yes
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Utilities:Cable Available: Yes
  • Security Features:Smoke Detector(s): Yes
  • Cooling:Central Air: Yes
  • General Property Info:ECO Friendly Features: No
  • Improvements:Formal Dining Room: Yes
  • Water Softeners: Yes
  • Percent Basement Finished: Yes
  • Architectural Style:Colonial: Yes
  • Land Acreage:Wooded4: Yes
  • Exterior:Hardboard: Yes
  • Improvements:Hot Tub: Yes
  • General Property Info:Building Area Total SqFt: 7165.0
  • Fireplace Features:Gas5: Yes
  • Special Features: VirtualTour

Interior Features

  • Basement: Finished, Full, Walk-Out Access
  • Heating: Hot Water, Natural Gas
  • Interior Amenities: Ceiling Fan(s), Entrance Foyer, Pantry, Primary Bathroom
  • Total Bedrooms: 5
  • Room: 13
  • Property Type: Residential
  • Bedroom 3 Level: Second
  • Other Level: Second
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Fireplace Features: Masonry
  • Fireplaces: 1
  • Fireplace: Yes
  • Appliances:Gas Water Heater: Yes
  • Full Basement: Yes
  • Appliances Range: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Oven: Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Entrance Foyer: Yes
  • Basement:Walk-Out Access: Yes
  • Fireplace Features:Masonry2: Yes

Exterior Features

  • OtherStructures: Barn(s)
  • Patio And Porch Features: Covered, Deck, Porch
  • Home Warranty: Yes
  • Construction Type: Hardboard
  • Patio Porch Features:Deck: Yes
  • Patio Porch Features:Covered: Yes
  • Patio Porch Features:Porch: Yes

Garage/Parking

  • Parking Features: Attached, Gravel
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features:Gravel2: Yes
  • Parking Features:Attached: Yes

Utilities

  • Sewer: Septic Tank
  • Appliances: Gas Water Heater, Microwave, Water Softener, Washer, Refrigerator, Range, Oven, Dryer, Dishwasher
  • Cooling: Central Air
  • LaundryFeatures: Main Level
  • Utilities: Cable Available
  • Water Source: Well
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer Septic Tank: Yes
  • Heating:Natural Gas: Yes
  • Heating:Hot Water: Yes

Schools

  • Junior High Dist: Grand Ledge

Lot Info

  • Lot Size Sq Ft: 239580.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 13045.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 18, 2017
Sold by
Geyer Jacob J
Bought by
The House Of Promise
Current Estimated Value
$346,000

Purchase Details

Listed on
Jan 19, 2016
Closed on
May 2, 2016
Sold by
Rosewood Inn Llc
Bought by
Geyer Jacob J
Seller's Agent
Peter MacIntyre
RE/MAX Real Estate Professionals, Inc. Grand River
Buyer's Agent
Terry Lasky
Coldwell Banker Professionals -Okemos
List Price
$599,000
Sold Price
$502,000
Premium/Discount to List
-$97,000
-16.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.63%
Original Mortgage
$50,200
Interest Rate
3.71%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Dec 23, 2013
Sold by
Cordes Joseph F and Cordes Valerie
Bought by
Rosewood Inn Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
4.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 19, 2013
Sold by
Smith Jessie H
Bought by
Cordes Joseph and Cordes Valerie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
4.31%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 21, 2012
Closed on
Sep 20, 2012
Sold by
Smith Jessie H
Bought by
Cordes Joseph and Cordes Valerie
Seller's Agent
Bret Holling
Berkshire Hathaway HomeServices
Buyer's Agent
Bret Holling
Berkshire Hathaway HomeServices
List Price
$25,000
Sold Price
$25,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.06%

Purchase Details

Closed on
Jul 16, 2012
Sold by
Tom & Johns Property Llc
Bought by
Jpmorgan Chase Bank National Association

Purchase Details

Closed on
Apr 14, 2010
Sold by
Cordes Joseph F and Cordes Valerie A
Bought by
M P C Cash Way Lumber Co

Purchase Details

Closed on
Apr 7, 2010
Sold by
Cordes Joseph F and Cordes Valerie
Bought by
Jpmorgan Chase Bank Na

Purchase Details

Closed on
Sep 13, 2006
Sold by
Cordes Valerie Havenaar and Havenaar Valerie
Bought by
Cordes Joseph F and Cordes Valerie Havenaar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.58%
Mortgage Type
Construction
Source: Public Records

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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 $530,000 Liberty Title
Warranty Deed $502,000 First American Title Ins Co
Quit Claim Deed -- None Available
Quit Claim Deed $400,000 None Available
Warranty Deed $25,000 None Available
Land Contract -- None Available
Quit Claim Deed -- None Available
Sheriffs Deed $64,343 None Available
Sheriffs Deed $216,490 None Available
Interfamily Deed Transfer -- Safe Title Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $25,000 Credit Line Revolving
Previous Owner $50,200 Stand Alone Second
Previous Owner $401,600 New Conventional
Previous Owner $400,000 New Conventional
Previous Owner $800,000 Construction
Previous Owner $417,000 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2016 05/02/16 Sold $502,000 -12.7% $97 / Sq Ft
02/10/2016 02/10/16 Pending -- -- --
01/19/2016 01/19/16 Price Changed $575,000 -4.0% $111 / Sq Ft
01/14/2016 01/14/16 For Sale $599,000 +2296.0% $115 / Sq Ft
09/21/2012 09/21/12 Sold $25,000 0.0% $5 / Sq Ft
09/21/2012 09/21/12 Pending -- -- --
09/21/2012 09/21/12 For Sale $25,000 -- $5 / 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 -- $0 $0 $0
2023 $0 $0 $0 $0
2022 $9 $0 $0 $0
2021 $9 $0 $0 $0
2020 $0 $0 $0 $0
2019 $9,645 $0 $0 $0
2018 $0 $0 $0 $0
2017 $9,645 $265,000 $0 $0
2016 $9,645 $359,250 $17,350 $341,900
2015 $13,154 $325,250 $0 $0
2011 -- $341,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 77986

Greater Lansing Association of Realtors®

APN: 150-027-200-040-05