NOT LISTED FOR SALE

148 Orchard St East Lansing, MI 48823

Estimated Value: $289,357 - $335,000

3 Beds
1.5 Baths
1,870 Sq Ft
$168/Sq Ft Est. Value

Last Sold April 09, 2018

Last sale price $195,000 $104 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $2,173/month

Highlights

  • Deck
  • Covered Patio or Porch
  • Living Room
  • Marble Elementary School Rated A-
  • 1 Car Attached Garage
  • 5-minute walk to Bailey Park

About This Home

As of April 2018

Great opportunity to own a meticulously cared for home with a Class 3 rental license (family or 2 unrelated) just a few steps away from MSU campus & downtown East Lansing. This charming Tudor would also make a wonderful owner occupied home & for a rental this close to East Lansing in such great condition, it's a rare find. Hardwood floors upstairs & down, fireplace, office, cute kitchen with newer appliances, bathrooms updated in vintage style, 3 huge bedrooms with lovely alcoves. Roof only two years old, newer windows and furnace, as well as updated plumbing, washer & dryer included. Basement has finished room with window & sink that could be used as a 4th bedroom. Attached 1 car garage, shed, underground sprinkler system & one of the loveliest backyards in the neighborhood. Current tenants are an MSU prof & his family who have rented the home for 5 years & are open to signing a new lease if the new owner so desires, otherwise occupancy July 1. Please call for a private tour. 24 notice required

Last Agent to Sell the Property

Lisa Ramont

Coldwell Banker Professionals-E.L. Listed on: 02/09/2018

Last Buyer's Agent

Jeremy Droscha

RE/MAX Real Estate Professionals, Inc. West License #6501374580

RE/MAX Real Estate Professionals, Inc. West

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1936

Lot Details

  • 7,144 Sq Ft Lot
  • Lot Dimensions are 49.5x144.5
  • West Facing Home
  • Fenced
  • Sprinkler System

Parking

  • 1 Car Attached Garage

Home Design

  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 1,870 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Living Room
  • Dining Room
  • Partially Finished Basement
  • Basement Window Egress
  • Fire and Smoke Detector

Kitchen

  • Electric Oven
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Covered Patio or Porch
  • Shed

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Vented Exhaust Fan
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Home Details

Home Type

Single Family

Year Built

Built in 1936

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Dining Room Level: First
  • Living Room Level: First
  • Current Use: Investment
  • Tax Year: 2017
  • Levels: Two
  • Parking Features Garage Spaces: 1.0
  • Year Built: 1936
  • Lot Size Acres: 0.16
  • Lot Size: 49.5X144.5
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 1870.0
  • Living Area: 1870.0
  • General Property Info:Lot Size Dimensions: 49.5X144.5
  • General Property Info:Above Grade Finished Area: 1870.0
  • General Property Info:Total Livable Area: 1870.0
  • Baths:_pound_Full Baths 2: 1
  • Baths:_pound_Half Baths 1: 1
  • Rooms:Dining Room2: Yes
  • Rooms:Living Room2: Yes
  • Primary Bedroom Level: Second
  • Levels:Two2: Yes
  • Appliances Dryer: Yes
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Laundry Features:Electric Dryer Hookup: Yes
  • Sewer:Public Sewer: Yes
  • Utilities:Cable Available: Yes
  • Roof:Shingle: Yes
  • Security Features:Smoke Detector(s): Yes
  • Other Structures:Shed(s): Yes
  • Cooling:Central Air: Yes
  • Lot Features:Underground Sprinklers: Yes
  • Cooling:Exhaust Fan: Yes
  • Fencing:Fenced: Yes
  • Exterior:Wood Siding: Yes
  • General Property Info:Building Area Total SqFt: 2625.0
  • General Property Info:Front Door: West
  • Special Features: None

Interior Features

  • Basement: Egress Windows, Partially Finished
  • Heating: Forced Air, Natural Gas
  • Interior Amenities: High Speed Internet, Stove Hookup - Electric
  • Total Bedrooms: 3
  • Room: 8
  • Property Type: Residential
  • Bedroom 3 Level: Second
  • Other Level: First
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Fireplace: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Oven: Yes
  • Basement:Partially Finished: Yes
  • Fireplace Features:Wood Burning: Yes
  • Appliances:Electric Water Heater: Yes
  • Interior Features:High Speed Internet: Yes
  • Basement:Egress Windows: Yes
  • Appliances:Electric Oven: Yes

Exterior Features

  • Roof: Shingle
  • Fencing: Fenced
  • Lot Features: Underground Sprinklers
  • OtherStructures: Shed(s)
  • RoadFrontageType: City Street
  • RoadSurfaceType: Paved
  • Patio And Porch Features: Covered, Deck, Patio
  • Home Warranty: No
  • Construction Type: Wood Siding
  • Direction Faces: West
  • Patio Porch Features:Deck: Yes
  • Patio Porch Features:Covered: Yes
  • Patio Porch Features:Patio: Yes

Garage/Parking

  • Parking Features: Attached
  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Parking Features:Attached: Yes

Utilities

  • Sewer: Public Sewer
  • Appliances: Disposal, Microwave, Washer, Refrigerator, Oven, Electric Water Heater, Electric Oven, Dryer, Dishwasher
  • Cooling: Central Air, Exhaust Fan
  • LaundryFeatures: Electric Dryer Hookup
  • Utilities: Cable Available
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Schools

  • Junior High Dist: East Lansing

Lot Info

  • Lot Size Sq Ft: 7143.84
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Carrier Route: 4536
  • Tax Annual Amount: 6001.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2018
Closed on
Apr 27, 2018
Sold by
Barron Laura A and Barron Timothy J
Bought by
Tl Barron Group Llc
Seller's Agent
Lisa Ramont
Coldwell Banker Professionals-E.L.
Buyer's Agent
Jeremy Droscha
RE/MAX Real Estate Professionals, Inc. West
List Price
$179,900
Sold Price
$195,000
Premium/Discount to List
$15,100
8.39%
Current Estimated Value
$313,839

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,839
Avg. Annual Appreciation
6.45%
Original Mortgage
$146,250
Outstanding Balance
$86,730
Interest Rate
4.43%
Mortgage Type
New Conventional
Estimated Equity
$224,482

Purchase Details

Listed on
Feb 9, 2018
Closed on
Apr 3, 2018
Sold by
Lane Harry and Lane Stephanie M
Bought by
Barron Timothy J and Barron Laura A
Seller's Agent
Lisa Ramont
Coldwell Banker Professionals-E.L.
Buyer's Agent
Jeremy Droscha
RE/MAX Real Estate Professionals, Inc. West
List Price
$179,900
Sold Price
$195,000
Premium/Discount to List
$15,100
8.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,250
Outstanding Balance
$86,730
Interest Rate
4.43%
Mortgage Type
New Conventional
Estimated Equity
$224,482

Purchase Details

Closed on
Apr 22, 2002
Sold by
Lane Harry
Bought by
Lane Harry and Lane Stephanie M

Purchase Details

Closed on
Jan 10, 2002
Sold by
Countrywide Home Loans Inc
Bought by
Lane Harry A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,000
Interest Rate
7.24%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 22, 2001
Sold by
Schomaker Richard
Bought by
Countrywide Home Loans Inc

Purchase Details

Closed on
Mar 30, 2000
Sold by
Federal National Mortgage Association
Bought by
Schomaker Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,500
Interest Rate
14.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 22, 1999
Sold by
Union Fsb Of Indianapolis Fsb
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Sep 17, 1999
Sold by
Schomaker Richard J
Bought by
Union Fsb Of Indianapolis

Purchase Details

Closed on
Nov 1, 1995
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Tl Barron Group Llc -- None Available
Barron Timothy J $195,000 Tri County Title Agency Llc
Lane Harry -- --
Lane Harry A $127,500 First American Title Ins Co
Countrywide Home Loans Inc $107,562 --
Schomaker Richard $115,001 --
Federal National Mortgage Association -- --
Union Fsb Of Indianapolis $108,124 --
-- $118,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barron Timothy J $146,250
Previous Owner Lane Harry A $102,000
Previous Owner Schomaker Richard $97,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/09/2018 04/09/18 Sold $195,000 +8.4% $104 / Sq Ft
02/14/2018 02/14/18 Pending -- -- --
02/09/2018 02/09/18 For Sale $179,900 -- $96 / 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 $6,108 $89,000 $22,700 $66,300
2024 -- $86,400 $21,000 $65,400
2023 $5,732 $81,600 $18,600 $63,000
2022 $5,484 $74,400 $16,800 $57,600
2021 $6,762 $90,700 $14,900 $75,800
2020 $6,777 $90,700 $15,200 $75,500
2019 $6,660 $90,700 $17,300 $73,400
2018 $6,059 $88,100 $16,500 $71,600
2017 $5,845 $85,600 $18,700 $66,900
2016 -- $83,900 $18,600 $65,300
2015 -- $80,600 $35,848 $44,752
2014 -- $80,600 $35,592 $45,008
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 223339

Greater Lansing Association of Realtors®

APN: 20-02-18-175-005