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507 West Barnes Avenue

507 West Barnes Avenue, Lansing, MI 48910
Property in Moores Park
Sold Oct 19, 2018
$77,000
$57,750 by Jpmorgan Chase Bank Na
Mortgage Due Nov 01, 2043
Sold Sep 25, 2012
$30,000
Local assessors in Lansing, MI have categorized 507 West Barnes Avenue as a residential type of property. The home was built in 1923 and is 101 years old. The property's lot size has been calculated to be 5,184 square feet. The linear feet between the front and back of the lot was measured at 962 ft and the front of the lot was measured at 470 ft. As for the restroom situation, there are 3 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 507 West Barnes Avenue has a total of 2,530 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Do you like to entertain? The home has a porch so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a gable style roof that was made of asphalt. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. The home's a forced air unit is the primary heating source and it is being fueled with gas. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 507 West Barnes Avenue was last sold in Oct 15, 2018 for $77,000. According to our calculations, that's $30.43 per sqft. Prior to that sales transaction, the property was sold for $30,000 in Sep 14, 2012. Current property owners are expected to pay $664 in taxes per year. The property on 507 West Barnes Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $49,900. To break that down further, the land itself was valued at $6,400. While improvements to the property were assessed at a total of $43,500. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1923
  • Effective Year Built: 1923
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • 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: 1,236
  • Parking Space Count: 0
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 5,184
  • Lot Size Depth Feet: 962
  • Lot Size Frontage Feet: 470
  • Total Building Area: 2,530
  • Gross Building Area: 2,530
  • Building Area: 2,530
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 2,530
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PARK PLACE
  • Land Acres: 0.119
  • Standard Land Use Code: Single family residential
  • Legal Description 1: W 3 FT OF N 79.75 FT LOT 1 & E 44 FT OF N 112.75 FT LOT 2 BLOCK 13 PARK PLACE

Ownership

  • Current Owner : OKUBANJO OLUFEMI O
  • Current Owner 2: OKUBANJO YEWANDE A
  • Previous Owner : HOWARD LATANYA
  • Owner Before Previous Owner: ODUNUGA ABRAHAM A
  • Owner Before Previous Owner 2: ODUNUGA MARY E
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Lansing Public School District
  • School Tax School District: 33020
  • Census Tract: 007000

Geography

  • District: 01-01
  • Parcel: 33-01-01-21-357-151
  • Block: 13
  • Lot: 1-2
  • Municipality: LANSING CITY
  • Latitude: 42.7146
  • Longitude: -84.559

    Address

  • Full Address: 507 W Barnes Ave
  • Legal Unit: 1,2
  • Address - House Number: 507
  • Street Direction: W
  • Address - Street Name: Barnes
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Lansing
  • Carrier Code: C011
  • 4-Digit Zip Code: 1418
  • Zip Code: 48910

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $664

    Appraisal Valuation

  • Standard Deviation: 0.2526
  • Valuation Date: Nov 30, 2022
  • Confidence Score: 64
  • Final Value: 143,653
  • High Value: 179,950
  • Low Value: 107,357

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $57,750
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Oct 19, 2018
  • First Open Lien Mortgage Loan Amount: $57,750
  • First Open Lien Mortgage Term: 300
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2043

    Market Valuation

  • Market Total Value: $99,800
  • Market Land Value: $12,800
  • Market Improvement Value: $87,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $49,900
  • Assessed Land Value: $6,400
  • Assessed Improvements Value: $43,500

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 15, 2018
  • Current Sale Recording Date: Oct 19, 2018
  • Current Sale Transaction ID: 11529496180
  • Current Sale Price: $77,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2018-036014
  • Previous Sale Recording Date: Sep 25, 2012
  • Previous Sale Contract Date: Sep 14, 2012
  • Previous Sale Amount: $30,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: Oct 19, 2018
  • First Mortgage Loan Amount: $57,750
  • First Mortgage Terms: 300
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2043

About Southside



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Frequently Asked Questions

What neighborhood is 507 West Barnes Avenue located in?
The 507 West Barnes Avenue is a located in the neighborhood of Moores Park in Southside, Lansing.
What is the average sales price for listings in 507 West Barnes Avenue?
The average sales price for units in 507 West Barnes Avenue is $0 currently.

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