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Lansing 48906 Northwestside
3423 Colchester Road
$204,900
● House - Off Market

3423 Colchester Road

Lansing, MI 48906
bedrooms
3 Beds
bathrooms
3 Baths, 2 Half Baths
square feet
2,081 Ft²
$206,495
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

Located in Waverly Heights Subdivision, this 3 bedroom / 2 bathroom home has 1 full and 2 half baths and over 1700 sq feet of living space. First floor features include updated kitchen with full appliance package, half bath, spacious living and dining room, as well as a bonus family room area with sliding doors to the backyard and a fireplace. The 3 bedrooms, including a master with walk in closet and half bath, as well as the full bathroom can be found on the 2nd floor. The basement offers additional storage. Other features include hardwood floors throughout, an attached 2 car garage, and a patio in the fenced in backyard. This one won't last long so call today to schedule your private tour!
Unit Size
2,081 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$98
Property Type
House
Property Taxes
$308
HOA Dues
-
Year Built
1963

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #21106574)

Price History

Date / Event Date Event Price
May 25, 2022 Sold
Premium
Sold
Sep 17, 2021 Listed by ERA REARDON REALTY, L.L.C. $204,900
Listed by ERA REARDON REALTY, L.L.C.
Aug 11, 2016 Sold
Premium
Sold
Oct 8, 2008 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 720
  • Garage Type: 7
  • Garage Square Area: 420
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 8
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,112
  • Lot Size Depth Feet: 1,636
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,773
  • Gross Building Area: 1,773
  • Building Area: 1,773
  • Building Area Measurement: T

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,773
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WAVERLY HEIGHTS NO 7 SUB
  • Land Acres: 0000000301
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 208 WAVERLY HEIGHTS NO 7 SUB

Neighborhood

  • School District Name: Lansing Public School District
  • School Tax School District: 33020
  • Census Tract: 003302

Geography

  • District: 01-01
  • Parcel: 33-01-01-06-306-101
  • Lot: 208
  • Municipality: LANSING CITY
  • Latitude: 42.7594
  • Longitude: -84.5974

    Address

  • Full Address: 3423 Colchester Rd
  • Legal Unit: 208
  • Address - House Number: 3423
  • Address - Street Name: Colchester
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Lansing
  • Carrier Code: C019
  • 4-Digit Zip Code: 3413
  • Zip Code: 48906

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $73,861

    Appraisal Valuation

  • Standard Deviation: 0.1068
  • Valuation Date: Nov 30, 2022
  • Confidence Score: 89
  • Final Value: 198,471
  • High Value: 219,685
  • Low Value: 177,257

    Market Valuation

  • Market Total Value: $156,000
  • Market Land Value: $29,800
  • Market Improvement Value: $126,200

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $78,000
  • Assessed Land Value: $14,900
  • Assessed Improvements Value: $63,100

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 19, 2022
  • Current Sale Recording Date: May 25, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 21255
  • Previous Sale Recording Date: Aug 11, 2016
  • Previous Sale Contract Date: Aug 04, 2016
  • Previous Sale Amount: $145,000
  • 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 Northwestside

Stats & Trends

Median Asking:

$153,900

Sale Price/ft²

$109

Below Asking

0.04%

Average Days on Market

52

Average Home Size

960 ft²

Average Home Age

75 years

Currently For Sale

1 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

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MichRIC

Listed by: Mike Kanser, ERA REARDON REALTY, L.L.C.
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21106574
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 3423 Colchester Road built and last sold?
The property at 3423 Colchester Road was built in 1963 and last sold on May 19, 2022 for $204,900.
How much is this home worth?
The estimated value of the home located at 3423 Colchester Road is $207,157.
What are some comparable homes to 3423 Colchester Road?
There are currently no comparable homes to 3423 Colchester Road.
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