NOT LISTED FOR SALE

1565 Melrose Ave East Lansing, MI 48823

Estimated Value: $264,000 - $279,000

5 Beds
2 Baths
2,044 Sq Ft
$133/Sq Ft Est. Value

Last Sold March 09, 2018

Last sale price $145,000 $71 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $1,972/month

12 Days on Market

Highlights

  • Deck
  • Ranch Style House
  • Living Room
  • Marble Elementary School Rated A-
  • Covered Patio or Porch
  • Forced Air Heating and Cooling System

About This Home

As of March 2018

Licensed for 4 with the City of East Lansing for 4 unrelated. Potential income of $1500-$1800 monthly. Ranch home with 5 beds/2 full bathrooms/partially finished basement/refinished hardwood flooring on first floor/newer windows/fresh paint. Grandview neighborhood and is walking distance to MSU East Campus/shopping/restaurants. Priced to sell.

Last Agent to Sell the Property

Shelby Miller

Berkshire Hathaway HomeServices License #6501364643 Listed on: 01/17/2018

Berkshire Hathaway HomeServices

Last Buyer's Agent

Dave Smeak

Smeak Real Estate Company License #6502334466

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1960

Lot Details

  • 6,229 Sq Ft Lot
  • Lot Dimensions are 50x125
  • South Facing Home
  • Fenced

Parking

  • 1 Car Garage

Home Design

  • Ranch Style House
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • Living Room
  • Dining Room
  • Fire and Smoke Detector

Kitchen

  • Electric Oven
  • Range
  • Microwave
  • Laminate Countertops
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Bedroom in Basement
  • Basement Window Egress

Outdoor Features

  • Deck
  • Covered Patio or Porch

Utilities

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

Community Details

  • Grandview Subdivision

Home Details

Home Type

Single Family

Year Built

Built in 1960

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: 2016
  • Levels: One
  • Parking Features Garage Spaces: 1.0
  • Year Built: 1960
  • Lot Size Acres: 0.14
  • Lot Size: 50X125
  • Co List Office Mls Id: 340
  • Co List Office Phone: 517-351-3617
  • Subdivision Name: Grandview
  • Above Grade Finished Sq Ft: 1024.0
  • Architectural Style: Ranch
  • Living Area: 2044.0
  • General Property Info:Lot Size Dimensions: 50X125
  • General Property Info:Above Grade Finished Area: 1024.0
  • General Property Info:Total Livable Area: 2044.0
  • Baths:_pound_Full Baths 1: 1
  • Baths:_pound_Full Baths B: 1
  • Rooms:Dining Room2: Yes
  • Rooms:Living Room2: Yes
  • Primary Bedroom Level: First
  • Appliances Dryer: Yes
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Laundry Features:Electric Dryer Hookup: 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
  • Exterior:Vinyl Siding: Yes
  • Architectural Style:Ranch: Yes
  • Fencing:Fenced: Yes
  • Percent Basement Finished: Yes
  • General Property Info:Building Area Total SqFt: 2044.0
  • General Property Info:Front Door: South
  • Special Features: None

Interior Features

  • Basement: Egress Windows, Finished, Full
  • Heating: Forced Air, Hot Water, Natural Gas
  • Interior Amenities: Laminate Counters, Stove Hookup - Electric
  • Total Bedrooms: 5
  • Property Type: Residential
  • Bedroom 3 Level: First
  • Bedroom 4 Level: Basement
  • Bedroom 5 Level: Basement
  • Other Level: Basement
  • Full Bathrooms: 2
  • Below Grade Sq Ft: 1020.0
  • Appliances:Gas Water Heater: Yes
  • Full Basement: Yes
  • Appliances Range: Yes
  • Appliances:Oven: Yes
  • Basement:Egress Windows: Yes
  • Interior Features:Laminate Counters: Yes
  • Appliances:Electric Oven: Yes

Exterior Features

  • Roof: Shingle
  • Fencing: Fenced
  • RoadFrontageType: City Street
  • Patio And Porch Features: Covered, Deck, Porch
  • Construction Type: Vinyl Siding
  • Direction Faces: South
  • Patio Porch Features:Deck: Yes
  • Patio Porch Features:Covered: Yes
  • Patio Porch Features:Porch: Yes

Garage/Parking

  • Garage Spaces: 1.0

Utilities

  • Sewer: Public Sewer
  • Appliances: Disposal, Gas Water Heater, Microwave, Washer, Refrigerator, Range, Oven, Electric Oven, Dryer
  • Cooling: Central Air
  • LaundryFeatures: Electric Dryer Hookup
  • Utilities: Cable Available
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes
  • Heating:Hot Water: Yes

Schools

  • Junior High Dist: East Lansing

Lot Info

  • Lot Size Sq Ft: 6229.08
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 5200.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 14, 2018
Sold by
Patel Subhash I and Patel Carly
Bought by
Amp V Rental Properties Llc
Current Estimated Value
$271,832

Purchase Details

Listed on
Jan 17, 2018
Closed on
Mar 7, 2018
Sold by
Zisholz Kenneth M and Lederman Ronald S
Bought by
Patel Subhash
Seller's Agent
Shelby Miller
Berkshire Hathaway HomeServices
Buyer's Agent
Dave Smeak
Smeak Real Estate Company
List Price
$149,900
Sold Price
$145,000
Premium/Discount to List
-$4,900
-3.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.40%
Original Mortgage
$108,750
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 21, 2000
Sold by
Kutsche William and Kutsche Patricia
Bought by
Zisholz Kenneth M and Lederman Ronald S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
8.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 1, 1997

Purchase Details

Closed on
Jan 1, 1981

Purchase Details

Closed on
Aug 1, 1976
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Amp V Rental Properties Llc -- None Available
Patel Subhash $145,000 Tri Title
Zisholz Kenneth M $125,000 --
-- $110,000 --
-- $50,000 --
-- $28,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Patel Subhash $108,750
Previous Owner Zisholz Kenneth M $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/09/2018 03/09/18 Sold $145,000 -3.3% $71 / Sq Ft
01/29/2018 01/29/18 Pending -- -- --
01/17/2018 01/17/18 For Sale $149,900 -- $73 / 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
2025 $6,527 $102,600 $16,100 $86,500
2024 -- $98,300 $16,100 $82,200
2023 $6,125 $89,700 $13,800 $75,900
2022 $5,860 $79,500 $12,000 $67,500
2021 $5,763 $77,300 $11,400 $65,900
2020 $5,776 $77,300 $11,400 $65,900
2019 $5,713 $77,800 $12,300 $65,500
2018 $5,633 $75,600 $8,900 $66,700
2017 $5,434 $74,900 $9,100 $65,800
2016 -- $74,900 $8,700 $66,200
2015 -- $69,400 $16,016 $53,384
2014 -- $69,400 $16,016 $53,384
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 222816

Greater Lansing Association of Realtors®

APN: 20-02-17-108-016