NOT LISTED FOR SALE

1621 Parkvale Ave East Lansing, MI 48823

Estimated Value: $147,262 - $291,000

4 Beds
2 Baths
1,320 Sq Ft
$162/Sq Ft Est. Value

Last Sold May 07, 2021

Last sale price $85,000 $64 Per Sq Ft

Est. 152% increase in value since last sale

Current estimated payment $1,452/month

65 Days on Market

Highlights

  • Ranch Style House
  • Covered Patio or Porch
  • Forced Air Heating System
  • Marble Elementary School Rated A-

About This Home

As of May 2021

Amazing investment potential for the price! Right side unit has cracked slab and will need foundation repair. Rental license is expired. Previously rented for $750-850, but average area rents are higher. So much potential, but work is needed. You are not going to find a turn key property for this price in East Lansing, the work will be well worth

Last Agent to Sell the Property

Margaret Gerich

RE/MAX Real Estate Professionals License #650644295 Listed on: 02/10/2021

RE/MAX Real Estate Professionals

Co-Listed By

Gerich & Flanders

RE/MAX Real Estate Professionals, Inc. West

Last Buyer's Agent

Kalyn HoughBlack

RE/MAX Real Estate Professionals License #6506048625

RE/MAX Real Estate Professionals

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1966

Lot Details

  • 9,104 Sq Ft Lot
  • Lot Dimensions are 76x120

Home Design

  • 1,320 Sq Ft Home
  • Duplex
  • Ranch Style House
  • Slab Foundation
  • Shingle Roof
  • Aluminum Siding

Parking

  • 4 Parking Spaces
  • Driveway

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Additional Features

  • Laundry on main level
  • Covered Patio or Porch
  • Basement

Community Details

  • 2 Units
  • Green Crest Subdivision

Property Details

Home Type

Multi-Family

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Misc Business Info Parking Surface: Concrete
  • Misc Business Info Roof Type: shinge
  • Tax Year: 2020
  • Misc Business Info Overall Building Siz: 1320
  • Levels: One
  • Year Built: 1966
  • Lot Size Acres: 0.21
  • Lot Size: 76x120
  • Co List Office Mls Id: 564
  • Co List Office Phone: 517-321-8255
  • Subdivision Name: Green Crest
  • Above Grade Finished Sq Ft: 1320.0
  • Architectural Style: Ranch
  • General Property Info:Lot Size Dimensions: 76x120
  • General Property Info:Above Grade Finished Area: 1320.0
  • Laundry Features:Main Level: Yes
  • Exterior:Aluminum Siding: Yes
  • Laundry Features:Inside: Yes
  • Foundation Details:Slab: Yes
  • Sewer:Public Sewer: Yes
  • Roof:Shingle: Yes
  • Levels:One: Yes
  • Architectural Style:Ranch: Yes
  • Cooling:None8: Yes
  • Tax Info:Taxes2: 5161.0
  • Tax Info:Zoning3: Residential
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:Building 1 Description: Duplex
  • General Property Info:_pound_ of Units: 2
  • Misc Business Info Zoning5: residential
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Concrete
  • Heating: Forced Air, Natural Gas
  • Property Type: Resid/Multi-Family
  • Basement:Concrete2: Yes

Exterior Features

  • Roof: Shingle
  • Foundation Details: Slab
  • Patio And Porch Features: Covered
  • Construction Type: Aluminum Siding
  • Patio Porch Features:Covered: Yes

Garage/Parking

  • Total Parking Spaces: 4.0
  • Parking Features: Concrete, Driveway
  • Attached Garage: No
  • Parking Features:Driveway: Yes
  • Misc Business Info:_pound_ Parking: 4
  • General Property Info:Parking Total: 4
  • Parking Features:Concrete6: Yes

Utilities

  • Sewer: Public Sewer
  • Appliances: Gas Water Heater
  • Cooling: None
  • LaundryFeatures: Inside, Main Level
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Schools

  • Junior High Dist: East Lansing

Lot Info

  • Lot Size Sq Ft: 9104.04
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 26, 2022
Sold by
Ariyappan Anand and Ariyappan Hemavathy
Bought by
1621 Parkvale Llc
Current Estimated Value
$214,316

Purchase Details

Listed on
Feb 10, 2021
Closed on
May 9, 2021
Sold by
Baker Kevin J and Baker John N
Bought by
Ariyappan Anand and Doraiswamy Hernavathy
Seller's Agent
Margaret Gerich
RE/MAX Real Estate Professionals
Buyer's Agent
Kalyn HoughBlack
RE/MAX Real Estate Professionals
List Price
$105,000
Sold Price
$85,000
Premium/Discount to List
-$20,000
-19.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.37%

Purchase Details

Closed on
Aug 1, 2012
Sold by
Baker Real Estate Holdings Llc
Bought by
Baker Kevin J and Baker John N

Purchase Details

Closed on
Dec 1, 2003
Sold by
Baker Real Estate Holdings Llc
Bought by
Baker John N and Baker Kevin J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,900
Interest Rate
4.87%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jun 2, 2003
Sold by
Baker Kevin J and Baker John N
Bought by
Baker Real Estate Holdings Llc

Purchase Details

Closed on
Nov 1, 2001
Sold by
Yatooma Jeffrey J and Yatooma Elaine H
Bought by
Baker John and Baker Kevin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,600
Interest Rate
6.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 29, 1999
Sold by
Howe Leland W and Howe Lillian C
Bought by
Yatooma Jeffrey J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,750
Interest Rate
7.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 1, 1992

Purchase Details

Closed on
Sep 1, 1983
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
1621 Parkvale Llc -- --
Ariyappan Anand $85,000 Ata National Title Group Llc
Baker Kevin J -- None Available
Baker John N -- Multiple
Baker Real Estate Holdings Llc -- --
Baker John $144,000 Devon Title Company
Yatooma Jeffrey J $95,000 --
-- $67,900 --
-- $55,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Baker John N $137,900
Previous Owner Baker John $129,600
Previous Owner Yatooma Jeffrey J $80,750
Closed Baker John N $39,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2021 05/07/21 Sold $85,000 -19.0% $64 / Sq Ft
02/10/2021 02/10/21 For Sale $105,000 -- $80 / 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 $3,793 $61,400 $27,200 $34,200
2024 $33 $56,200 $25,000 $31,200
2023 $3,559 $51,100 $23,100 $28,000
2022 $3,405 $46,200 $20,100 $26,100
2021 $3,221 $43,200 $0 $0
2020 $5,162 $102,600 $17,800 $84,800
2019 $5,161 $67,800 $18,200 $49,600
2018 $5,426 $67,800 $15,100 $52,700
2017 $5,449 $67,800 $15,500 $52,300
2016 -- $70,700 $15,000 $55,700
2015 -- $67,200 $29,230 $37,970
2014 -- $72,000 $28,550 $43,450
Source: Public Records

Agents Affiliated with this Home

  • Margaret Gerich

    Seller's Agent in 2021

    Margaret Gerich

    RE/MAX Michigan

    (517) 303-0527

    26 in this area

    351 Total Sales

    Margaret Gerich
    Section Image

  • G

    Seller Co-Listing Agent in 2021

    Gerich & Flanders

    RE/MAX Michigan

  • Kalyn HoughBlack

    Buyer's Agent in 2021

    Kalyn HoughBlack

    RE/MAX Michigan

    (517) 647-9794

    19 in this area

    54 Total Sales

    Kalyn HoughBlack
    Section Image
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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 252997

Greater Lansing Association of Realtors®

APN: 20-02-08-303-016

Michigan Ingham County East Lansing 48823

1621 Parkvale Ave, East Lansing, MI

This home is located at 1621 Parkvale Ave, East Lansing, MI 48823 since 10 February 2021 and is currently estimated at $214,316, approximately $162 per square foot. This property was built in 1966. 1621 Parkvale Ave is a home located in Ingham County with nearby schools including Marble Elementary School, MacDonald Middle School, and East Lansing High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Greater Lansing Association of Realtors® IDX information is provided exclusively for Consumers'
personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
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