Seller's Agent in 2021
Jonathan Lum
EXIT Realty Home Partners
(517) 798-6264
30 in this area
234 Total Sales
1559 E Mt Vernon East Lansing, MI 48823
Estimated Value: $164,000 - $187,087
2
Beds
1
Bath
732
Sq Ft
$236/Sq Ft
Est. Value
Highlights
- Deck
- Ranch Style House
- Living Room
- Marble Elementary School Rated A-
- Covered Patio or Porch
- 4-minute walk to Hidden River Park
About This Home
As of January 2021Great opportunity for a spacious 2-bedroom Bungalow with Class III rental licence allowing a family or two unrelated tenants! Natural light permeates throughout the living space all day! The arched doorway provides character of the era and helps define the living and dining areas. The roomy kitchen has an attached breakfast nook surrounded by windows to enjoy your morning coffee and informal dining. The rear bedroom has a 'walk-up' massive closet area complete with organizing racks and shelves. Enjoy entertaining outdoors on the sizable deck. Huge ⅓ acre, fully fenced back yard and a one car garage. Full basement provides an enormous amount of space for storage. Minutes to MSU and all the shops & nightlife of Downtown East Lansing!
Last Agent to Sell the Property
EXIT Realty Home Partners License #6502412954 Listed on: 11/13/2020
Last Buyer's Agent
Non Member
Non Member Office
Home Details
Home Type
- Single Family
Year Built
- Built in 1930
Lot Details
- 0.33 Acre Lot
- Lot Dimensions are 95x134
Parking
- 1 Car Garage
Home Design
- Ranch Style House
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 732 Sq Ft Home
- Ceiling Fan
- Living Room
- Dining Room
- Basement Fills Entire Space Under The House
- Fire and Smoke Detector
Kitchen
- Oven
- Range
- Dishwasher
- Laminate Countertops
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Laundry
- Dryer
- Washer
Outdoor Features
- Deck
- Covered Patio or Porch
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- High Speed Internet
- Cable TV Available
Community Details
- Grandview Subdivision
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 13, 2020
Closed on
Jan 20, 2021
Sold by
Gibbons John
Bought by
Cleary Corp
Seller's Agent
Jonathan Lum
EXIT Realty Home Partners
Buyer's Agent
Non Member
Non Member Office
List Price
$125,000
Sold Price
$104,500
Premium/Discount to List
-$20,500
-16.4%
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
$68,022
Avg. Annual Appreciation
11.26%
Original Mortgage
$73,150
Outstanding Balance
$65,241
Interest Rate
2.67%
Mortgage Type
Commercial
Estimated Equity
$107,281
Purchase Details
Closed on
Nov 22, 2017
Sold by
Passalacaqua Nicholas V and Passalacaqua Joseph
Bought by
Gibbons John
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,200
Interest Rate
3.88%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 19, 2017
Sold by
Opassalacqua John
Bought by
Passalacqua Nicholas V
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,200
Interest Rate
3.88%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 17, 2017
Sold by
Passalacqua Janice
Bought by
Passlacqua Nicholas V
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,200
Interest Rate
3.88%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 15, 2009
Sold by
Fredricks Timothy B and Fredricks Kristin
Bought by
Passalacqua Nicholas and Passalacqua Joseph
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,098
Interest Rate
5.32%
Mortgage Type
FHA
Purchase Details
Closed on
Sep 16, 2004
Sold by
Newcombe Patrick O and Christine Newcombe M
Bought by
Fredricks Timothy B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 13, 1999
Sold by
Gutek Jon P
Bought by
Newcombe Patrick O and Christine Newcombe M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,520
Interest Rate
7.7%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 1, 1996
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Cleary Corp | $104,500 | Transnation Title Agency | |
| Gibbons John | $92,000 | Tri County Title Agency Llc | |
| Passalacqua Nicholas V | -- | Tri County Title Agency Llc | |
| Passlacqua Nicholas V | -- | Tri County Title Agency Llc | |
| Passalacqua Nicholas V | -- | None Available | |
| Passalacqua Nicholas | $105,000 | Tri County Title Agency Llc | |
| Fredricks Timothy B | $115,000 | Transnation Title | |
| Newcombe Patrick O | $76,900 | Midstate Title Company | |
| -- | $47,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Cleary Corp | $73,150 | |
| Previous Owner | Gibbons John | $78,200 | |
| Previous Owner | Passalacqua Nicholas | $103,098 | |
| Previous Owner | Fredricks Timothy B | $92,000 | |
| Previous Owner | Newcombe Patrick O | $61,520 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/21/2021 01/21/21 | Sold | $104,500 | -12.8% | $143 / Sq Ft |
| 12/08/2020 12/08/20 | Pending | -- | -- | -- |
| 12/02/2020 12/02/20 | Price Changed | $119,900 | -4.1% | $164 / Sq Ft |
| 11/13/2020 11/13/20 | For Sale | $125,000 | -- | $171 / 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 |
|---|---|---|---|---|
| 2025 | $4,359 | $74,200 | $33,800 | $40,400 |
| 2024 | $38 | $69,900 | $33,800 | $36,100 |
| 2023 | $4,091 | $60,500 | $28,900 | $31,600 |
| 2022 | $3,914 | $53,100 | $25,000 | $28,100 |
| 2021 | $3,644 | $50,000 | $23,800 | $26,200 |
| 2020 | $3,601 | $48,300 | $23,800 | $24,500 |
| 2019 | $3,473 | $47,300 | $25,800 | $21,500 |
| 2018 | $4,658 | $58,200 | $18,700 | $39,500 |
| 2017 | $4,067 | $58,200 | $19,000 | $39,200 |
| 2016 | -- | $57,700 | $18,200 | $39,500 |
| 2015 | -- | $53,500 | $33,549 | $19,951 |
| 2014 | -- | $51,000 | $33,549 | $17,451 |
Source: Public Records
Agents Affiliated with this Home
-
Jonathan Lum
-
N
Buyer's Agent in 2021
Non Member
Non Member Office
Map
Source: Greater Lansing Association of Realtors®
MLS Number: 251422
APN: 20-02-17-100-023
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