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1531 Redwood Street, Lansing, MI 48915 (MLS# 24033038)

$70,000
1531 Redwood Street
Lansing, MI 48915
MLS# 24033038
3 beds  |  2 baths  |  1454 sqft
1531 Redwood Street, Lansing, MI 48915
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Property Description
Imagine stepping into the charming potential of this $70,000 home and envisioning it transformed into your dream residence. This is where the FHA 203K loan steps in, a perfect fit for first-time homebuyers, not just investors. With the FHA 203K loan, you can Get this home Under contract for $70,000 and have the freedom to renovate it exactly the way you want. Here's how it works: after buying the home, you hire a licensed and insured general contractor who provides you with a detailed quote for all the renovations you desire. This list is then submitted to the appraiser, who evaluates the home as if all the improvements were already completed.

Details
Maps
Location & Property Info
County: Ingham
Street #: 1531
Street Name: Redwood
Suffix: Street
State: MI
Zip Code: 48915
Cross Streets: Comfort and N Jennison
Property Sub-Type: Single Family Residence
Area: Ingham County - 20
Municipality: Lansing City
Office/Contract Info
Status: Active
List Price: $70,000
List Price/SqFt: 48.14
Auction or For Sale: For Sale
Current Price: $70,000
Sub Agency Type: %
Buyer Agency: 2.5
Buyer Agency Type: %
Trans Coord Type: %
Listing Date: 2024-06-27
General Property Info
New Construction: No
Lot Measurement: Acres
Lot Acres: 0.25
Lot Square Footage: 10890
Lot Dimensions: 79x140
Year Built: 1923
Road Frontage: 79
Garage Y/N: Yes
ud_d1402_10: 1
Fireplace: No
Income Property: No
Total Rooms AG: 8
Total Fin SqFt All Levels: 1893
SqFt Above Grade: 1454
Total Beds Above Grade: 3
Total Bedrooms: 3
Full Baths: 1
Half Baths: 1
Total Baths: 2
Main Level Primary: No
Stories: 2
Design: Traditional
School District: Lansing
Waterfront: No
Tax Info
Tax ID #: 33010108176502
Taxable Value: 27464
SEV: 36600
For Tax Year: 2023
Annual Property Tax: 3415
Tax Year: 2023
Spec Assessment & Type: None known
Remarks & Misc
Directions: Willow to Comfort, Comfort to Redwood Street. All Offers are due by Sunday July 7th, 11:59 pm. seller will make a decision on Monday July 8th by 5:00 pm
Legal: LOTS 20 & 21 REDWOOD SUB
Waterfront Options
Water Access Y/N: No
Access Feat
Accessibility Features: No
Upper Rooms
Upper Bedrooms: 3
Upper Full Baths: 1
Upper Level Square Feet: 727
Total Baths Above Grade: 2
Main Rooms
Main Half Baths: 1
Main Level SQFT: 727
Basement Rooms
Basement Finished SQFT: 439
Total Basement SQFT: 439
Manufactured
Manufactured Y/N: No
Property Features
Laundry Features: In Basement
Exterior Material: Vinyl Siding
Roofing: Other
Substructure: Full
Sewer: Public
Water: Public
Appliances: Dishwasher; Oven; Range; Refrigerator
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Window Unit(s)
Exterior Features: Deck(s); Porch(es)
Parking Features: Detached
Street Type: Public
Terms Available: Cash; Conventional; MSHDA; Other
Sale Conditions: None
Supplements
Once the appraisal is done, you close on the loan "as is," including the costs of both the purchase and the planned renovations. If you are pre-approved for $125,000, you can comfortably buy this home for $70,000 and allocate $30,000 for renovations, all wrapped up in the same loan. The contractor has up to six months after closing to complete the repairs, ensuring your new home is perfect for you. This loan not only covers the cost of the home but also finances the necessary improvements, making it a seamless process to turn this house into your ideal home.
Room Information
Room Name Length Length Width Level Width
Living Room11.7011.7013.60Main13.60
Dining Room9.509.509.70Main9.70
Kitchen16.5016.507.70Main7.70
Primary Bedroom14.1014.108.40Upper8.40
Bedroom 29.009.008.40Upper8.40
Bedroom 310.6010.608.20Upper8.20

Listing Office: Keller Williams Kalamazoo Market Center

Listing Agent: Marcus Miller

Last Updated: July - 03 - 2024

1531 Redwood Street, Lansing, MI 48915 - MLS# 24033038
The listing broker’s offer of compensation is made only to MichRIC member MLSs and a number of other MLSs throughout Michigan under a reciprocity agreement. For a current list visit mlshelp.com.

The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. 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.

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