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Waverly 48917
120 Chanticleer Trail
$290,000
● House - Off Market

120 Chanticleer Trail

Lansing, MI 48917
bedrooms
4 Beds
bathrooms
4 Baths, 2 Half Baths
square feet
2,665 Ft²
$1,718
Est. Monthly
7.73%
Cap Rate

About This Property

Spacious 2 story home, with 4 bedrooms, 4 baths and over 2,600 sf of living space, including the finished basement with brand new paint and carpet.  Many recent updates throughout, including brand new carpet in the majority of the home, a recently updated kitchen with stainless steel appliances, and a second family room with bay window, surround sound and custom built-in cabinets.  Large back deck.  Formal Dining Room, CENTRAL AC, recently upgraded furnaces and water heater, upgraded 200 amp service, additional office / non-conforming bedroom in basement, paved roads, Large bedrooms.  Conveniently located in Waverly / Western Lansing.
Unit Size
2,665 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$105
Property Type
House
Property Taxes
$347
HOA Dues
-
Year Built
1968

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MichRIC MLS #23129770)

Price History

Date / Event Date Event Price
Jan 10, 2024 Sold
Premium
Sold
Dec 13, 2023 No longer available -
No longer available
Oct 25, 2023 Listed by ERA Reardon Realty $279,000
Listed by ERA Reardon Realty
Jun 18, 2018 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Total Rooms: 14
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,046
  • Garage Type: 7
  • Garage Square Area: 460
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,197
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,969
  • Building Area: 1,969
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,969
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HOMESTEAD ACRES # 1
  • Land Acres: 0000000280
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 93. HOMESTEAD ACRES NO.1, T4N,R3W, DELTA TWP

Neighborhood

  • School District Name: Waverly Community Schools
  • School Tax School District: 33215
  • Census Tract: 020102

Zoning

  • Zoning: NONE

Geography

  • District: 40
  • Parcel: 040 055 500 930 00
  • Lot: 93
  • Municipality: DELTA TWP
  • Latitude: 42.7326
  • Longitude: -84.6291

    Address

  • Full Address: 120 Chanticleer Trl
  • Address - House Number: 120
  • Address - Street Name: Chanticleer
  • Address - Suffix Type: Trl
  • State: MI
  • City Name: Lansing
  • Carrier Code: R005
  • 4-Digit Zip Code: 3005
  • Zip Code: 48917

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $262,111

    Appraisal Valuation

  • Standard Deviation: 0.0925
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 91
  • Final Value: 293,419
  • High Value: 320,574
  • Low Value: 266,263

    Market Valuation

  • Market Total Value: $217,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $108,600

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 08, 2024
  • Current Sale Recording Date: Jan 10, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Jun 18, 2018
  • Previous Sale Contract Date: Jun 13, 2018
  • Previous Sale Amount: $194,900
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Waverly

Stats & Trends

Median Asking:

$267,000

Sale Price/ft²

$152

Below Asking

0.02%

Average Days on Market

55

Average Home Size

2167 ft²

Average Home Age

60.7 years

Currently For Sale

3 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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MichRIC

Listed by: Jason L Aldrich, ERA Reardon Realty
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 23129770
Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 120 Chanticleer Trail built and last sold?
The property at 120 Chanticleer Trail was built in 1968 and last sold on Jan 8, 2024 for $290,000.
How much is this home worth?
The estimated value of the home located at 120 Chanticleer Trail is $0.
What are some comparable homes to 120 Chanticleer Trail?
There are currently no comparable homes to 120 Chanticleer Trail.
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