1512 N Magnolia Ave Lansing, MI 48912
Groesbeck NeighborhoodEstimated Value: $265,000 - $286,000
4
Beds
2.5
Baths
2,238
Sq Ft
$123/Sq Ft
Est. Value
Highlights
- Colonial Architecture
- Great Room
- Covered patio or porch
- Deck
- Solid Surface Countertops
- Formal Dining Room
About This Home
As of October 2018Welcome to almost 2000 sq ft (1,998) of living space on over a ¼ acre in Lansing's desirable Groesbeck Hills neighborhood! This 4-bedroom, 2 ½ bath Colonial offers a formal living room and dining room as well as an additional family room adjacent to the spacious eat-in kitchen combo. Kitchen cabinets and countertops are brand new and water heater is in process of being replaced. Furnace is older but is working well and roof was brand new in 2007. Check out the enormous fenced backyard and tiered deck, perfect for entertaining large groups and the finished room in the basement provides additional options. Nestled on a street that dead ends, the home offers even more privacy and quiet for you to enjoy at the convenient location near Eastwood Towne Center, highways, campus and downtown.
Last Agent to Sell the Property
Jennifer Cooper
Keller Williams Realty Lansing License #6501392575 Listed on: 08/09/2018
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,960
Year Built
- Built in 1972
Lot Details
- 0.29 Acre Lot
- Lot Dimensions are 73x170
- West Facing Home
- Fenced
Parking
- 2 Car Garage
Home Design
- Colonial Architecture
- Brick Exterior Construction
- Slab Foundation
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 2-Story Property
- Wood Burning Fireplace
- Entrance Foyer
- Great Room
- Family Room
- Living Room
- Formal Dining Room
- Partially Finished Basement
- Basement Fills Entire Space Under The House
Kitchen
- Gas Oven
- Gas Range
- Dishwasher
- Solid Surface Countertops
- Disposal
Bedrooms and Bathrooms
- 4 Bedrooms
Laundry
- Dryer
- Washer
Outdoor Features
- Deck
- Covered patio or porch
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Electric Water Heater
- High Speed Internet
- Cable TV Available
Community Details
- Groesbeck Subdivision
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 9, 2018
Closed on
Oct 17, 2018
Sold by
Mcgee Robert and Mcgee Mae H
Bought by
Kathem Mohammed
Seller's Agent
Jennifer Cooper
Keller Williams Realty Lansing
Buyer's Agent
Rose Gedeon
Weichert, Realtors - Home Towne
List Price
$174,900
Sold Price
$162,000
Premium/Discount to List
-$12,900
-7.38%
Total Days on Market
22
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,333
Avg. Annual Appreciation
8.86%
Original Mortgage
$129,600
Outstanding Balance
$115,070
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$169,858
Similar Homes in the area
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kathem Mohammed | $162,000 | Transnation Title Agency |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Kathem Mohammed | $129,600 | |
| Previous Owner | Mcgee Robert | $89,000 | |
| Previous Owner | Mcgee Robert | $80,000 | |
| Previous Owner | Mcgee Robert | $57,000 | |
| Previous Owner | Mcgee Robert | $75,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/17/2018 10/17/18 | Sold | $162,000 | -7.4% | $72 / Sq Ft |
| 08/30/2018 08/30/18 | Pending | -- | -- | -- |
| 08/08/2018 08/08/18 | For Sale | $174,900 | -- | $78 / 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 | $52 | $116,000 | $20,000 | $96,000 |
| 2023 | $6,041 | $107,300 | $20,000 | $87,300 |
| 2022 | $5,436 | $98,200 | $17,100 | $81,100 |
| 2021 | $5,322 | $98,500 | $16,300 | $82,200 |
| 2020 | $5,291 | $92,500 | $16,300 | $76,200 |
| 2019 | $4,969 | $85,000 | $16,300 | $68,700 |
| 2018 | $4,135 | $80,200 | $16,300 | $63,900 |
| 2017 | $3,960 | $80,200 | $16,300 | $63,900 |
| 2016 | $3,787 | $76,100 | $16,300 | $59,800 |
| 2015 | $3,787 | $73,900 | $32,522 | $41,378 |
| 2014 | $3,787 | $71,600 | $32,522 | $39,078 |
Source: Public Records
Agents Affiliated with this Home
-
J
Seller's Agent in 2018
Jennifer Cooper
Keller Williams Realty Lansing
-
Rose Gedeon
R
Buyer's Agent in 2018
Rose Gedeon
Weichert, Realtors - Home Towne
(517) 803-7573
3 in this area
90 Total Sales
Map
Source: Greater Lansing Association of Realtors®
MLS Number: 229349
APN: 01-01-11-152-131
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Copyright © 2025 Greater Lansing Association of REALTORS®
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