$152,500
SOLD MAY 12, 2015

1222 Oak Ridge Ave East Lansing, MI 48823

-- Bed
-- Bath
1,579 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$97 Per Sq Ft

4% Below List Price

Highlights

  • Window Unit Cooling System
  • Forced Air Heating System
  • Wood Siding
  • Glencairn School Rated A
  • Fenced

About This Home

As of May 2022

Neat property in East Lansing! Could use purely as a residential property with an in-laws quarters or rent with the Class II license which allows for Owner/Owner's family and up to 3 roomers, per the city. This is a walk-out bi-level with fenced yard in a great location, close to Frandor and within walking distance to campus and downtown. The upper level has a spacious living room with hardwood floors, large windows and large kitchen and dining area overlooking the fenced backyard. Two bedrooms and full bath. The lower level is finished with 2 bedrooms, each with their own bath, kitchen and laundry room. Previous renting configurations have been two people in the lower level, each with their own room and bath, sharing a kitchen. Upstairs has been the owner, could also be owner and another roommate sharing the main level. Lots of choices and opportunity!

Last Agent to Sell the Property

Steve Osmar

RE/MAX Real Estate Professionals, Inc. West Listed on: 09/03/2014

Last Buyer's Agent

Carol Shaheen

Berkshire Hathaway HomeServices License #6506002454

Berkshire Hathaway HomeServices

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • Lot Dimensions are 44x121
  • Fenced

Home Design

  • Bi-Level Home
  • Wood Siding

Interior Spaces

  • 1,579 Sq Ft Home
  • Finished Basement
  • Walk-Out Basement
  • Fire and Smoke Detector

Parking

  • 4 Parking Spaces
  • No Garage

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Cable TV Available

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Tax Year: 13
  • Year Built: 1960
  • Lot Size: 44x121
  • Above Grade Finished Sq Ft: 1579.0
  • Architectural Style: Bi-Level
  • General Property Info:Lot Size Dimensions: 44x121
  • General Property Info:Above Grade Finished Area: 1579.0
  • Sewer:Public Sewer: Yes
  • Utilities:Cable Available: Yes
  • Cooling:Window Unit(s): Yes
  • Security Features:Smoke Detector(s): Yes
  • General Property Info:ECO Friendly Features: No
  • Fencing:Fenced: Yes
  • Percent Basement Finished: Yes
  • Exterior:Wood Siding: Yes
  • Architectural Style:Bi-Level: Yes
  • Tax Info:Taxes2: 4907.0
  • Tax Info:Zoning3: Residential
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:_pound_ of Units: 3
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Finished, Walk-Out Access
  • Heating: Forced Air, Natural Gas
  • Property Type: Resid/Multi-Family
  • Basement:Walk-Out Access: Yes

Exterior Features

  • Fencing: Fenced
  • Construction Type: Wood Siding

Garage/Parking

  • Parking Features: No Garage
  • Attached Garage: No
  • Parking Features:No Garage: Yes
  • General Property Info:Parking Total: 4

Utilities

  • Sewer: Public Sewer
  • Cooling: Window Unit(s)
  • Utilities: Cable Available
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2022
Closed on
May 4, 2022
Sold by
Tepas Family Revocable Trust
Bought by
Duerr Derek and Duerr Cynthia
Seller's Agent
Stacee Robison
Keller Williams Realty Lansing
Buyer's Agent
Non Member
Non Member Office
List Price
$165,000
Sold Price
$140,000
Premium/Discount to List
-$25,000
-15.15%
Current Estimated Value
$264,569

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$124,569
Avg. Annual Appreciation
17.11%
Original Mortgage
$112,000
Outstanding Balance
$106,568
Interest Rate
5.27%
Mortgage Type
Balloon
Estimated Equity
$132,929

Purchase Details

Closed on
May 27, 2016
Sold by
Tepas John M and Tepas Susan M
Bought by
Tepas John M and Tepas Susan M

Purchase Details

Listed on
Sep 3, 2014
Closed on
May 12, 2015
Sold by
Mcnamara Raina L and Mcnaught Raina L
Bought by
Tepas John
Seller's Agent
Steve Osmar
RE/MAX Real Estate Professionals, Inc. West
Buyer's Agent
Carol Shaheen
Berkshire Hathaway HomeServices
List Price
$159,500
Sold Price
$152,500
Premium/Discount to List
-$7,000
-4.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.44%
Original Mortgage
$137,250
Interest Rate
3.68%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 12, 2006
Sold by
Mcnaught Lynn O and Mcnaught Lesa L
Bought by
Mcnaught Raina L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
7.85%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Nov 26, 2003
Sold by
Kinkema John and Kinkema Lisa
Bought by
Mcnaught Lynn O and Mcnaught Lesa L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,655
Interest Rate
5.84%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 31, 2002
Sold by
Ferguson Katherine Rust
Bought by
Kinkema John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,125
Interest Rate
7.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 1, 1988

Purchase Details

Closed on
Nov 1, 1979
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $140,000 None Listed On Document
Interfamily Deed Transfer -- None Available
Warranty Deed $152,500 Midstate Title Agency Llc
Interfamily Deed Transfer -- Landmark Title
Warranty Deed $144,900 Transnation Title
Warranty Deed $127,500 --
Deed $63,000 --
Deed $51,700 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $137,250 New Conventional
Previous Owner $157,500 Stand Alone Refi Refinance Of Original Loan
Previous Owner $137,655 Credit Line Revolving
Previous Owner $121,125 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2022 05/06/22 Sold $140,000 -6.7% $98 / Sq Ft
03/21/2022 03/21/22 Pending -- -- --
03/15/2022 03/15/22 Price Changed $150,000 -5.7% $105 / Sq Ft
01/06/2022 01/06/22 Price Changed $159,000 -3.6% $111 / Sq Ft
08/25/2021 08/25/21 For Sale $165,000 +8.2% $115 / Sq Ft
05/12/2015 05/12/15 Sold $152,500 -4.4% $97 / Sq Ft
11/24/2014 11/24/14 Pending -- -- --
09/03/2014 09/03/14 For Sale $159,500 -- $101 / Sq Ft
Source: Greater Lansing Association of Realtors®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,183 $100,400 $18,400 $82,000
2024 $43 $96,200 $17,100 $79,100
2023 $4,841 $87,700 $15,100 $72,600
2022 $4,315 $77,700 $13,600 $64,100
2021 $5,636 $75,600 $12,100 $63,500
2020 $5,649 $75,600 $12,400 $63,200
2019 $6,271 $85,900 $14,100 $71,800
2018 $6,674 $83,400 $13,400 $70,000
2017 $6,511 $82,600 $15,200 $67,400
2016 -- $82,600 $15,100 $67,500
2015 -- $76,500 $29,159 $47,341
2014 -- $76,500 $28,951 $47,549
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 63087

Greater Lansing Association of Realtors®

APN: 20-01-13-112-007