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Lansing 48911 Southside
5614 PICARDY
$105,500
● House - Off Market

5614 PICARDY

Lansing, MI 48911
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,342 Ft²
$146,465
RealtyHop Estimate
46.47%
Since Nov 1, 2019
National-US
Primary Model

About This Property

Charming 2 story home in a lovely cul-de-sac, near parks and shopping! This home features, 3 bedrooms, 1.5 baths, a beautiful bay window in the front room, sliding glass doors in the dining room that open to a deck out back, in the large fenced in back yard and plenty of closet space in all 3 of the bedrooms that are all located on the 2nd floor of the home. The home is recently updated including all new carpet.  Appliances include: Fridge, stove, dishwasher and microwave and Washer and Dryer hookups in the basement. Don't miss out on the opportunity to see this beautiful home!
Unit Size
1,342 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$75
Property Type
House
Property Taxes
$210
HOA Dues
-
Year Built
1983

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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 #21050135)

Price History

Date / Event Date Event Price
Oct 23, 2019 Sold
Premium
Sold
Aug 23, 2019 Listed by NCDG REALTY & PROPERTY MANAGE $99,999
Listed by NCDG REALTY & PROPERTY MANAGE
Dec 3, 2014 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 8
  • 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: 648
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 8
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,579
  • Lot Size Depth Feet: 1,355
  • Lot Size Frontage Feet: 560
  • Total Building Area: 1,341
  • Gross Building Area: 1,341
  • Building Area: 1,341
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,341
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLEASANT GROVE
  • Land Acres: 0000000174
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: S 56 FT OF N 116 FT LOTS 171 & 172 EXC THAT PART USED FOR PLEASANT GROVE RD R/WWEBSTER FARM SUB NO 3

Neighborhood

  • School District Name: Lansing Public School District
  • School Tax School District: 33020
  • Census Tract: 005100

Geography

  • District: 01-05
  • Parcel: 33-01-05-06-426-007
  • Lot: 171-172
  • Municipality: LANSING CITY
  • Latitude: 42.6762
  • Longitude: -84.5868

    Address

  • Full Address: 5614 Picardy St
  • Address - House Number: 5614
  • Address - Street Name: Picardy
  • Address - Suffix Type: St
  • State: MI
  • City Name: Lansing
  • Carrier Code: C071
  • 4-Digit Zip Code: 4547
  • Zip Code: 48911

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $66,212

    Appraisal Valuation

  • Standard Deviation: 0.238
  • Valuation Date: Nov 30, 2022
  • Confidence Score: 66
  • Final Value: 145,874
  • High Value: 180,593
  • Low Value: 111,155

    Market Valuation

  • Market Total Value: $116,800
  • Market Land Value: $9,400
  • Market Improvement Value: $107,400

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $58,400
  • Assessed Land Value: $4,700
  • Assessed Improvements Value: $53,700

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 06, 2019
  • Current Sale Recording Date: Oct 23, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2019-035843
  • Previous Sale Recording Date: Dec 03, 2014
  • Previous Sale Contract Date: Aug 15, 2014
  • Previous Sale Amount: $25,780
  • Previous Sale Document Type: 55
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 Southside

Stats & Trends

Median Asking:

$149,000

Sale Price/ft²

$130

Below Asking

0.04%

Average Days on Market

71

Average Home Size

1141 ft²

Average Home Age

80 years

Currently For Sale

24 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

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MichRIC

Listed by: JOHN W COLLIS, NCDG REALTY & PROPERTY MANAGE
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21050135
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 5614 Picardy Street built and last sold?
The property at 5614 Picardy Street was built in 1983 and last sold on Oct 6, 2019 for $105,500.
How much is this home worth?
The estimated value of the home located at 5614 Picardy Street is $104,975.
What are some comparable homes to 5614 Picardy Street?
There are currently no comparable homes to 5614 Picardy Street.
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