NOT LISTED FOR SALE

1559 Mount Vernon Ave East Lansing, MI 48823

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

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

Last Sold November 22, 2017

Last sale price $92,000 $126 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $964/month

90 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 November 2017

*******Welcome to 1559 Mount Vernon Avenue*******Great owner-occupied or investment opportunity! Property has a class III rental license for 1 family or 2 unrelated. Inside features include two bedrooms, living room and dining room plus an open eat-in kitchen with appliances included. There is a full basement with laundry and storage as well as a detached garage. Ideally located just North of the Michigan State University campus and also close to Marble Elementary and downtown East Lansing. Call today for a tour!

Last Agent to Sell the Property

HBB Realtors

Coldwell Banker Realty -Stadium License #6506038563 Listed on: 07/11/2017

Last Buyer's Agent

Melanie McNamara

Oasis Realty License #6506046398

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1930

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions are 95x134
  • South Facing Home

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

  • Gas Oven
  • Gas Range
  • Dishwasher

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
  • Gas Water Heater
  • 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
  • Current Use: Investment
  • Tax Year: 16
  • 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
  • General Property Info:Front Door: South
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Shingle
  • RoadFrontageType: City Street
  • RoadSurfaceType: Paved
  • Patio And Porch Features: Covered, Deck
  • Home Warranty: No
  • Construction Type: Vinyl Siding
  • Direction Faces: South
  • 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: Gas Oven, Gas Water Heater, Washer, Refrigerator, Gas Range, 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: 3953.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 20, 2021
Sold by
Gibbons John
Bought by
Cleary Corp
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.
Original Mortgage
$73,150
Outstanding Balance
$66,136
Interest Rate
2.67%
Mortgage Type
Commercial
Estimated Equity
$103,352

Purchase Details

Listed on
Jul 11, 2017
Closed on
Nov 22, 2017
Sold by
Passalacaqua Nicholas V and Passalacaqua Joseph
Bought by
Gibbons John
Seller's Agent
HBB Realtors
Coldwell Banker Realty -Stadium
Buyer's Agent
Melanie McNamara
Oasis Realty
List Price
$109,900
Sold Price
$92,000
Premium/Discount to List
-$17,900
-16.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.35%
Original Mortgage
$78,200
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 11, 2017
Closed on
Nov 19, 2017
Sold by
Opassalacqua John
Bought by
Passalacqua Nicholas V
Seller's Agent
HBB Realtors
Coldwell Banker Realty -Stadium
Buyer's Agent
Melanie McNamara
Oasis Realty
List Price
$109,900
Sold Price
$92,000
Premium/Discount to List
-$17,900
-16.29%

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

Listed on
Jul 11, 2017
Closed on
Nov 17, 2017
Sold by
Passalacqua Janice
Bought by
Passlacqua Nicholas V
Seller's Agent
HBB Realtors
Coldwell Banker Realty -Stadium
Buyer's Agent
Melanie McNamara
Oasis Realty
List Price
$109,900
Sold Price
$92,000
Premium/Discount to List
-$17,900
-16.29%

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
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
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
11/22/2017 11/22/17 Sold $92,000 -7.0% $126 / Sq Ft
10/09/2017 10/09/17 Pending -- -- --
09/11/2017 09/11/17 Price Changed $98,900 -5.7% $135 / Sq Ft
08/14/2017 08/14/17 Price Changed $104,900 -4.5% $143 / Sq Ft
07/11/2017 07/11/17 For Sale $109,900 -- $150 / 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: 217915

Greater Lansing Association of Realtors®

APN: 20-02-17-100-023