4 months on rocket

1109 E Oakland Ave, Lansing, MI, 48906

$65,000

Home List Price

$772*

Closing Credit

3 Bedrooms
1 Full Bath
864 SqFt
$75/SqFt
House
Schools Nearby

Location

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1109 E Oakland Ave, Lansing$65,000

Buyer Closing Credits

$772*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
Year Built1919
HeatingNatural Gas, Forced Air
BasementYes
MLS #65023145293
Lot Size0.13 Acres
StatusActive

About 1109 E Oakland Ave

Who do you know that is looking for rental property that is generating cash flow? This property is currently a licensed rental with the City of Lansing and would be a great opportunity for any investor. The estimated market rent for this property is around $1000/month. The roof was replaced in 2023, the furnace in 2020, and the water heater in 2017. This is a great rental at a great price, don't miss this opportunity!

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1919
  • Stories: 2
  • Living Area: 864 SqFt

Listing Office:

  • Office Name: Coldwell Banker Woodland Schmidt ART Office
  • Office Phone: (616) 772-5478
  • Listing Agent: Derrek Sterken

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Lot Features

Lot Information:

  • Lot Size: 0.13 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: From W Saginaw, continue onto W Oakland Ave. Then take E Oakland Ave to property.

Price Information

Listing Price Info

Price Summary:

  • List Price: $65,000
  • Price Per SqFt: $75/SqFt

Tax Information:

  • Annual Amount: $1,518
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Lansing, MI.

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Lansing, MI

City

Med. Sold Price

$145.1K

Med. Price/SqFt

$113

Avg. Days On Market

15

# of Sold Homes

133

1109 E Oakland Ave vs Lansing

130 DAYS ON ROCKET

+115 Days

$65,000

-$80.1K Less

$75/SqFt

-$39 Less

KEY TAKEAWAY

This property is $80.1K less than the Median Sold Price and $39/SqFt less than other homes in Lansing, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Greater Regional Alliance of REALTORS®
  • MLS Number: #65023145293

Listing Office:

  • Office Name: Coldwell Banker Woodland Schmidt ART Office
  • Office Phone: (616) 772-5478
  • Listing Agent: Derrek Sterken

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/28/2024, 2:25:19 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$1,518$20,900
2020$1,473$19,500
2019$1,390$18,400
2018$3,025$17,500
2017$3,025$17,000

History based on county public records data.

Payment Calculator

$392

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$261

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1834220
1
/10

  • Gier Park School

  • 401 E Gier St

  • 1.24 miles

  • Public District Grades PK-3

school-card-donut-1834221
6
/10

  • Post Oak School

  • 2320 Post Oak Ln

  • 1.43 miles

  • Public Magnet Grades PK-3

school-card-donut-1834222
2
/10

  • Riddle Elementary School

  • 221 Huron St

  • 1.95 miles

  • Public District Grades PK-3

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $31,354. Residents of Lansing, MI typically earn less than $35k each year. Typical family type is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1109 E Oakland Ave

What is the listing price of this property?

The listing price of 1109 E Oakland Ave property is $65,000.

What type of property is this?

The property 1109 E Oakland Ave is a house located in Lansing, Michigan, 48906.

Is this property for sale now?

Active Listing: 1109 E Oakland Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $1,518 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1109 E Oakland Ave has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 1109 E Oakland Ave is 864 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1109 E Oakland Ave is 1919.

Rocket Homes›Michigan›Clinton County›Lansing›48906›1109 E Oakland Ave

This home is located at 1109 E Oakland Ave in Lansing, MI and zip code 48906 in the Northtown neighborhood. This 864 square foot home, which was built in 1919, sits on a 0.13 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since December 19, 2023 and is currently priced at $65,000.

Over 64 listings were sold over their listed price in March 2024 in Lansing, MI. In the same period over 47 listings were sold below the listed price and 22 listings were sold for the listed price. The inventory of homes for sale in Lansing, MI between February 2024 and March 2024 increased by 3.9%. In March 2024 median list price was $145,141 and the average listing age was 15 days.

From Rocket Homes Real Estate and based on county public records data.

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