M
Seller's Agent in 2018
Megan Busque
Berkshire Hathaway HomeServices
1504 Melrose Ave East Lansing, MI 48823
Estimated Value: $278,924 - $309,000
4
Beds
2
Baths
2,223
Sq Ft
$131/Sq Ft
Est. Value
Highlights
- 1.5-Story Property
- Forced Air Heating System
- Wood Siding
- Marble Elementary School Rated A-
About This Home
As of June 2018Great investment opportunity, in the heart of East Lansing! Spacious duplex offers a class 3 license on each side (2 unrelated or family). 1504 is leased through July 31, 2018 1506 is not currently leased and is perfect for owner occupied or easily rented out as investment. Property is currently using management company. This is an opportunity that you won't want to miss! Seller will pay $4000 towards new roof at closing.
Last Agent to Sell the Property
Megan Busque
Berkshire Hathaway HomeServices License #6506045008 Listed on: 04/10/2018
Co-Listed By
Hillary Henderson
Berkshire Hathaway HomeServices License #6501353524
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1957
Lot Details
- 10,019 Sq Ft Lot
- Lot Dimensions are 69x144
Home Design
- 1.5-Story Property
- Wood Siding
Interior Spaces
- 2,223 Sq Ft Home
- Basement Fills Entire Space Under The House
Parking
- 5 Parking Spaces
- Carport
- Gravel Driveway
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Gas Water Heater
- Cable TV Available
Community Details
- 2 Units
- Grandview Subdivision
Listing and Financial Details
- Total Actual Rent $1,770
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 21, 2025
Sold by
Shah Pritish
Bought by
Knutson Will M and Knutson Brandy L
Total Days on Market
34
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$259,250
Outstanding Balance
$259,250
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$48,167
Purchase Details
Listed on
Apr 10, 2018
Closed on
Jun 19, 2018
Sold by
Krecke Paul R
Bought by
Shah Pritish
Seller's Agent
Megan Busque
Berkshire Hathaway HomeServices
Buyer's Agent
Albert Manas
RE/MAX Real Estate Professionals
List Price
$159,900
Sold Price
$154,560
Premium/Discount to List
-$5,340
-3.34%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.38%
Original Mortgage
$115,920
Interest Rate
4.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 1, 1996
Purchase Details
Closed on
Oct 1, 1990
Purchase Details
Closed on
Jun 1, 1987
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Knutson Will M | $305,000 | Greater Lansing Title | |
| Shah Pritish | $154,560 | Tri Title Agency Llc | |
| -- | $92,000 | -- | |
| -- | $88,000 | -- | |
| -- | $74,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Knutson Will M | $259,250 | |
| Previous Owner | Shah Pritish | $115,920 | |
| Previous Owner | Krecke Paul R | $170,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/22/2018 06/22/18 | Sold | $154,560 | -3.3% | $70 / Sq Ft |
| 04/10/2018 04/10/18 | For Sale | $159,900 | -- | $72 / Sq Ft |
Source: Greater Lansing Association of Realtors®
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | -- | $123,000 | $23,900 | $99,100 |
| 2023 | $7,658 | $112,200 | $20,500 | $91,700 |
| 2022 | $7,144 | $99,300 | $17,700 | $81,600 |
| 2021 | $7,301 | $96,600 | $16,800 | $79,800 |
| 2020 | $6,913 | $96,600 | $16,800 | $79,800 |
| 2019 | $7,036 | $90,800 | $18,200 | $72,600 |
| 2018 | $6,028 | $88,100 | $13,200 | $74,900 |
| 2017 | $5,428 | $87,200 | $13,400 | $73,800 |
| 2016 | -- | $87,200 | $12,900 | $74,300 |
| 2015 | -- | $80,600 | $23,723 | $56,877 |
| 2014 | -- | $80,600 | $23,723 | $56,877 |
Source: Public Records
Agents Affiliated with this Home
-
-
H
Seller Co-Listing Agent in 2018
Hillary Henderson
Berkshire Hathaway HomeServices
-
Albert Manas
Buyer's Agent in 2018
Albert Manas
RE/MAX Michigan
(517) 410-8627
105 Total Sales
Map
Source: Greater Lansing Association of Realtors®
MLS Number: 224901
APN: 20-02-17-112-001
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Copyright © 2025 Greater Lansing Association of REALTORS®
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