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$175,000

Beds
2
Baths
1.0
sq ft
1,220

1230 Reo Rd, Lansing, MI 48910

1230 Reo Rd

Lansing, MI 48910

  • 2 days on market
Welcome to this beautifully renovated gem in Lansing, Michigan! This 2-bedroom, 1-bath home offers a unique bonus room, perfect for an office, playroom, or additional living space. The property boasts an impressive garage with a convenient boat garage door and concert walls, ideal for hobbyists or outdoor enthusiasts. Enjoy the privacy of a huge fenced-in yard, perfect for entertaining, gardening, or relaxing with loved ones. Located just 5 minutes from I-96 and I-496, this home offers easy access to all major shopping areas, restaurants, and local conveniences. Don't miss the opportunity to make this move-in-ready, one-of-a-kind property your own.

Details

Property type

Single Family Residence

Est. home value

$129,927

Lot size

0.60 acres

Price per sq ft

$144

Year built

1956

Annual property taxes

$3,773

Price History

01/20/2025
Realcomp

Realcomp #20250004426

Listed
$175,000
+25%
10/12/2021
Realcomp

Realcomp #2210058969

Sold
$140,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Lansing

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$28,039
Asking price
$175,000
Closing costs (~8% of asking)
-$14,000
Est. remaining loan balance
-$132,961
Cash to seller
$28,039

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Sun West Mortgage Company Inc

Loan start date

October 2021

Original loan amount

$143,220

Est. remaining balance

$132,961

Interest rate

2.87%

Loan type

VA, 30 year

Seller

Tyler J Ren

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 01/23/2025 at 7:25 AM

Listing updated: 01/22/2025 at 6:04 AM

Listed by: Mary Rose Maher, Berkshire Hathaway HomeServices The Loft Warehouse Phone #: (313) 658-6400

MLS: Realcomp #20250004426

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