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6408 Sommerset Road Lansing, MI 48911

$75,225
LOW
$88,500 Estimated value of the home, based on tax records and nearby sales information for similar homes.
$101,775
HIGH
 
VALUE ESTIMATE
 
Value Estimate
$88,500Estimated value of the home, based on tax records and nearby sales information for similar homes.
Beds
--
Payment Estimate
--
Baths Full
--
Rent Estimate
$1,080Estimated monthly rental price, based on a proprietary formula.
Baths Half
--
Tax Estimate
$2,294Estimated property taxes paid on an annual basis.
Sq Ft
--
 HomeScore
34A relative rating of projected appreciation over a 10-year holding period. Homes that score above 50 are expected to outperform the market.
Lot Size
0.50
 InvestorScore
57A relative rating of projected positive cash flow over a 10-year holding period. Properties that score above 50 are expected to outperform the market.
Construction
--
Last Sale Date
03/17/2005
Style
--
Last Sale Price
$107,900
Year Built
--

6408 Sommerset Road is located in the Southside area of Lansing, MI. At this time, the property has an estimated value of $88,500 and yearly taxes of $2,294. Similar homes nearby sell for around $90,000.

Property History

DateEventSourcePrice
3/17/2005SoldTax Records$107,900

Lansing Market Trends

Check out Lansing homes for sale, read the Lansing real estate news or review the Lansing real estate trends. Here is a summary of local market conditions over the past 30 days:

Market Health Score
63
Barely Healthy

680

$61,900

99

7.9

Median Sales Price
$51,500
-21.6%
Sales (30 Days)
86
-11.3%

Southside REAL ESTATE NEWS

The Lansing remained below its 12-month average sales volume this week as sales dropped 7.5% to hit 86 homes sold over the last 30 days. Prices are falling in Lansing, and this period the median price... Read More »

Lansing is a larger than average city in Michigan that has grown at a 10-year growth rate of -6.0%. However, the population of Lansing ranks as the fifth-largest with 114,297 people. With a median age... Read More »

The Lansing remained below its 12-month average sales volume this week as sales fell 5.3% to hit 89 homes sold over the last 30 days. The median sales price climbed to $60,000 over the latest reportin... Read More »

6408 Sommerset Road Mortgage Information

$88k
$17.6k
3.81%
$330

The typical purchase scenario above assumes a credit score of 720 or higher and a 20% cash down payment on a 30-year fixed-rate mortgage. Visit the free and anonymous Homesnap Mortgage Market to check rates and customize a mortgage for your scenario.

6408 Sommerset Road Map

Ask a local expert about this home:
Marjorie Ann Watson
Snapped 5 homes in this area
RE/MAX Real Estate Pros West
Snapped 25 homes in this area
Snapped 1 home in this area

Agents that specialize in this area
5 snaps in this area
2 snaps in this area
1 snap in this area
6408 Sommerset Rd, Lansing, MI 48911US
6408 Sommerset Rd is located in the Southside area of Lansing, MI. At this time, the property has an estimated value of $88,500 and yearly taxes of $2,294. Similar homes nearby sell for around $90,000. Marjorie Watson, Faith Floeter-Kirsten, and Leigh Henrys are Homesnap Local Experts in and around Southside.
©2016 Homesnap 1-800-431-5509 School data and housing market data is provided by SmartZip Analytics, Inc. ©2016 SmartZip Analytics, Inc. and ©2016 Fast Forward, Inc. Information is deemed reliable but not guaranteed. Sitemap Terms of Use Privacy Policy SmartZip Terms of Service
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