NOT LISTED FOR SALE

1520 Mount Vernon Ave East Lansing, MI 48823

Estimated Value: $310,000 - $363,000

8 Beds
2 Baths
2,200 Sq Ft
$149/Sq Ft Est. Value

Last Sold December 14, 2012

Last sale price $177,500 $81 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $2,499/month

97 Days on Market

Highlights

  • Ranch Style House
  • Marble Elementary School Rated A-
  • Forced Air Heating System

About This Home

As of December 2012

Proud parent of MSU grads is now selling this duplex that was originally purchased to offset the costs of college. Home is currently licensed for 6. Each side features 4 large bedrooms, 1.5 remodeled baths, full living room, remodeled kitchen, full basement and driveway. Updates include ceramic tile floors in the kitchens and baths, new cabinets in both kitchens and baths (06), newer appliances and newer carpet. This house has always had a positive cash flow which will allow your student to have free room and board. This is your answer for the high cost of college education. Home is fully leased through August 2013

Last Agent to Sell the Property

Brock Fletcher

Keller Williams Realty Lansing License #6506042510 Listed on: 08/15/2012

Keller Williams Realty Lansing

Last Buyer's Agent

John Munn

Berkshire Hathaway HomeServices License #6506040104

Berkshire Hathaway HomeServices

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 8,712

Home Design

  • Ranch Style House
  • Aluminum Siding

Interior Spaces

  • 2,200 Sq Ft Home
  • Basement Fills Entire Space Under The House

Parking

  • 12 Parking Spaces
  • No Garage

Utilities

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

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Tax Year: 11
  • Registered Licenses for Unrelated Occupants: 6 UNRL
  • Levels: One
  • Year Built: 1972
  • Above Grade Finished Sq Ft: 2200.0
  • Architectural Style: Ranch
  • General Property Info:Above Grade Finished Area: 2200.0
  • Exterior:Aluminum Siding: Yes
  • Sewer:Public Sewer: Yes
  • Utilities:Cable Available: Yes
  • Levels:One: Yes
  • General Property Info:ECO Friendly Features: No
  • Architectural Style:Ranch: Yes
  • Tax Info:Taxes2: 7116.0
  • Tax Info:Zoning3: Residential
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:_pound_ of Units: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Heating: Forced Air, Natural Gas
  • Property Type: Resid/Multi-Family
  • Full Basement: Yes

Exterior Features

  • Construction Type: Aluminum Siding

Garage/Parking

  • Parking Features: No Garage
  • Attached Garage: No
  • Parking Features:No Garage: Yes
  • General Property Info:Parking Total: 12

Utilities

  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 17, 2016
Sold by
Barnhart Robert C and Barnhart Laura W
Bought by
Barnhart Robert C and Barnhart Laura W
Current Estimated Value
$328,526

Purchase Details

Listed on
Aug 15, 2012
Closed on
Dec 7, 2012
Sold by
Martin Daniel J and Martin Linda
Bought by
Narnhart Robert C and Narnhart Laura W
Seller's Agent
Brock Fletcher
Keller Williams Realty Lansing
Buyer's Agent
John Munn
Berkshire Hathaway HomeServices
List Price
$185,000
Sold Price
$177,500
Premium/Discount to List
-$7,500
-4.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.52%
Original Mortgage
$133,125
Outstanding Balance
$93,738
Interest Rate
3.34%
Mortgage Type
New Conventional
Estimated Equity
$256,506

Purchase Details

Closed on
Nov 29, 2005
Sold by
Kulkarni Sudhaker R and Kulkarni Deoyani S
Bought by
Martin Daniel J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
6.17%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 1, 1981

Purchase Details

Closed on
May 1, 1978
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Barnhart Robert C -- None Available
Narnhart Robert C $177,500 First American Title Insuran
Martin Daniel J $180,000 Devon Title
-- $86,000 --
-- $53,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Narnhart Robert C $133,125
Previous Owner Martin Daniel J $144,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2012 12/14/12 Sold $177,500 -4.1% $81 / Sq Ft
11/20/2012 11/20/12 Pending -- -- --
08/15/2012 08/15/12 For Sale $185,000 -- $84 / 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
2024 -- $155,500 $24,100 $131,400
2023 $8,222 $140,000 $20,700 $119,300
2022 $7,866 $122,000 $17,900 $104,100
2021 $7,703 $118,800 $17,000 $101,800
2020 $7,613 $118,800 $17,000 $101,800
2019 $7,342 $106,100 $18,400 $87,700
2018 $7,814 $103,100 $13,400 $89,700
2017 $7,538 $102,100 $13,500 $88,600
2016 -- $102,100 $13,000 $89,100
2015 -- $94,500 $23,957 $70,543
2014 -- $99,300 $23,957 $75,343
Source: Public Records

Agents Affiliated with this Home

  • Brock Fletcher

    Seller's Agent in 2012

    Brock Fletcher

    Keller Williams Realty Lansing

    (517) 303-3262

    9 in this area

    303 Total Sales

    Section Image

  • J

    Buyer's Agent in 2012

    John Munn

    Berkshire Hathaway HomeServices

    (517) 282-6781

    13 in this area

    26 Total Sales

    Section Image
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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 40176

Greater Lansing Association of Realtors®

APN: 20-02-17-104-020

Michigan Ingham County East Lansing 48823

1520 Mount Vernon Ave, East Lansing, MI

This home is located at 1520 Mount Vernon Ave, East Lansing, MI 48823 since 15 August 2012 and is currently estimated at $327,965, approximately $149 per square foot. This property was built in 1972. 1520 Mount Vernon Ave is a home located in Ingham County with nearby schools including Marble Elementary School, MacDonald Middle School, and East Lansing High School.

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