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1516 Vermont Avenue

1516 Vermont Avenue, Lansing, MI 48906
Property in Eastside
Sold Nov 18, 2020
$95,000
$66,500 by Jpmorgan Chase Bank Na
Mortgage Due Nov 01, 2050
1516 Vermont Avenue in Lansing, MI was first built in 1917 and is 107 years old. This has been categorized as a residential property type. There are a total of 2 floors. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 1516 Vermont Avenue has 1,248 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 660 ft and the linear feet between the front and back of the lot is 1,320. In total, the area measurement of the land is 8,712 square feet.

Learn more about the property and building on this page. There is a porch. The home has a gable style roof made of asphalt. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a garage. The garage is 1,000 sqft. There are a total of 4 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of alum/vinyl siding. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a forced air unit and being fueled with gas. The property was last sold in Oct 26, 2020 for $95,000. That's $76.12 per sqft. 1516 Vermont Avenue was last assessed in 2022. The total value of the property was assessed at $45,800. Specifically, the land the property is located on was valued at $4,800. While improvements on the property were assessed at a total of $41,000. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $570. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1917
  • Effective Year Built: 1917
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Basement Type: Unspecified basement
  • Basement Area: 624
  • Garage Type: Garage
  • Garage Square Area: 1,000
  • Parking Space Count: 4
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 8,712
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 660
  • Total Building Area: 1,248
  • Gross Building Area: 1,248
  • Building Area: 1,248
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,248
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CAPITOL HEIGHTS
  • Land Acres: 0.2
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOTS 99 & 100 CAPITOL HEIGHTS

Ownership

  • Current Owner : OKUBANJO OLUFEMI
  • Current Owner 2: OKUBANJO YEWANDE
  • Previous Owner : GARCIA ELIZABETH BETTY

Neighborhood

  • School District Name: Lansing Public School District
  • School Tax School District: 33020
  • Census Tract: 000800

Geography

  • District: 01-01
  • Parcel: 33-01-01-10-179-061
  • Lot: 99-100
  • Municipality: LANSING CITY
  • Latitude: 42.7508
  • Longitude: -84.5342

    Address

  • Full Address: 1516 Vermont Ave
  • Address - House Number: 1516
  • Address - Street Name: Vermont
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Lansing
  • Carrier Code: C012
  • 4-Digit Zip Code: 4635
  • Zip Code: 48906

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $570

    Appraisal Valuation

  • Standard Deviation: 0.1068
  • Valuation Date: Nov 30, 2022
  • Confidence Score: 89
  • Final Value: 88,842
  • High Value: 98,338
  • Low Value: 79,346

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $66,500
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Nov 18, 2020
  • First Open Lien Mortgage Loan Amount: $66,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2050

    Market Valuation

  • Market Total Value: $91,600
  • Market Land Value: $9,600
  • Market Improvement Value: $82,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $45,800
  • Assessed Land Value: $4,800
  • Assessed Improvements Value: $41,000

    Sales

  • Current Sale Contract Date: Oct 26, 2020
  • Current Sale Recording Date: Nov 18, 2020
  • Current Sale Transaction ID: 11805000394
  • Current Sale Price: $95,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020-040157

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: Nov 18, 2020
  • First Mortgage Loan Amount: $66,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2050

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Frequently Asked Questions

What neighborhood is 1516 Vermont Avenue located in?
The 1516 Vermont Avenue is a located in the neighborhood of Eastside in Eastside, Lansing.
What is the average sales price for listings in 1516 Vermont Avenue?
The average sales price for units in 1516 Vermont Avenue is $0 currently.

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