NOT LISTED FOR SALE

1559 E Mt Vernon East Lansing, MI 48823

Estimated Value: $158,000 - $194,930

2 Beds
1 Bath
732 Sq Ft
$238/Sq Ft Est. Value

Last Sold January 21, 2021

Last sale price $104,500 $143 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $964/month

25 Days on Market

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 2021

Great 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

Jonathan Lum

EXIT Realty Home Partners License #6502412954 Listed on: 11/13/2020

EXIT Realty Home Partners

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

Home Details

Home Type

Single Family

Year Built

Built in 1930

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Dining Room Level: First
  • Living Room Level: First
  • Tax Year: 2019
  • Levels: One
  • Parking Features Garage Spaces: 1.0
  • Year Built: 1930
  • Lot Size Acres: 0.33
  • Lot Size: 95x134
  • Subdivision Name: Grandview
  • Above Grade Finished Sq Ft: 732.0
  • Architectural Style: Ranch
  • Living Area: 732.0
  • General Property Info:Lot Size Dimensions: 95x134
  • General Property Info:Above Grade Finished Area: 732.0
  • General Property Info:Total Livable Area: 732.0
  • Baths:_pound_Full Baths 1: 1
  • Rooms:Dining Room2: Yes
  • Rooms:Living Room2: Yes
  • Primary Bedroom Level: First
  • Location Legal Info:Real Estate Owned: No
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Sewer:Public Sewer: Yes
  • Utilities:Cable Available: Yes
  • Roof:Shingle: Yes
  • Security Features:Smoke Detector(s): Yes
  • Levels:One: Yes
  • Cooling:Central Air: Yes
  • General Property Info:ECO Friendly Features: No
  • Exterior:Vinyl Siding: Yes
  • Architectural Style:Ranch: Yes
  • Laundry Features:Gas Dryer Hookup: Yes
  • General Property Info:Building Area Total SqFt: 1464.0
  • Special Features: VirtualTour

Interior Features

  • Basement: Full
  • Heating: Forced Air, Natural Gas
  • Interior Amenities: Ceiling Fan(s), High Speed Internet, Laminate Counters
  • Total Bedrooms: 2
  • Room: 5
  • Property Type: Residential
  • Full Bathrooms: 1
  • Full Basement: Yes
  • Appliances Range: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Oven: Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Interior Features:High Speed Internet: Yes
  • Interior Features:Laminate Counters: Yes

Exterior Features

  • Roof: Shingle
  • RoadFrontageType: City Street
  • RoadSurfaceType: Paved
  • Patio And Porch Features: Covered, Deck
  • Home Warranty: No
  • Construction Type: Vinyl Siding
  • Patio Porch Features:Deck: Yes
  • Patio Porch Features:Covered: Yes

Garage/Parking

  • Parking Features: Asphalt
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features:Asphalt2: Yes

Utilities

  • Sewer: Public Sewer
  • Appliances: Washer, Refrigerator, Range, Oven, Dryer, Dishwasher
  • Cooling: Central Air
  • LaundryFeatures: Gas 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: 14549.04
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3473.0

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
$173,983

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,483
Avg. Annual Appreciation
9.59%
Original Mortgage
$73,150
Outstanding Balance
$66,432
Interest Rate
2.67%
Mortgage Type
Commercial
Estimated Equity
$91,052

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
Source: Public Records

Range of Values:

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Average Value
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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
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 Schwienhorst Reinhard $122,400
Previous Owner Passalacqua Nicholas $103,098
Previous Owner Fredricks Timothy B $92,000
Previous Owner Newcombe Patrick O $61,300
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

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 $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

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 251422

Greater Lansing Association of Realtors®

APN: 20-02-17-100-023