NOT LISTED FOR SALE

2520 Gay Ln Lansing, MI 48912

Groesbeck Neighborhood

Estimated Value: $215,000 - $261,000

3 Beds
2 Baths
1,308 Sq Ft
$182/Sq Ft Est. Value

Last Sold March 05, 2019

Last sale price $145,000 $111 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $1,603/month

40 Days on Market

Highlights

  • Ranch Style House
  • Living Room
  • Dining Room
  • Covered Patio or Porch
  • Forced Air Heating and Cooling System
  • 3-minute walk to Slater Park

About This Home

As of March 2019

Welcome home to 2520 Gay Lane. This is a wonderful California ranch style home featuring a very open concept and vaulted ceiling. The 1950's sized bedrooms are not overwhelming and have good storage space. The Master Bedroom features a full Master Bathroom with a tub. There is a second full bath to serve the home. Many Updates including the roof, most windows, kitchen, bathrooms, the hardwood floors have been made to shine, the whole 1st floor has been painted. There is a perfect space in the family room for a wood stove and a glass sliding door out to the patio in the backyard. The backyard is mostly fenced and large enough for a nice play area and small gatherings. The basement walls and floor have also been painted.

Last Agent to Sell the Property

James Fordell

Musselman Realty Company License #6501287269 Listed on: 01/16/2019

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,368

Year Built

  • Built in 1955 | Remodeled

Lot Details

  • 6,752 Sq Ft Lot
  • Lot Dimensions are 77 x 95
  • North Facing Home
  • Fenced

Parking

  • 1 Car Garage
  • Carport

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Shingle Roof
  • Hardboard

Interior Spaces

  • 1,308 Sq Ft Home
  • Ceiling Fan
  • Family Room
  • Living Room
  • Dining Room
  • Fire and Smoke Detector

Kitchen

  • Oven
  • Range
  • Dishwasher
  • Laminate Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Natural lighting in basement

Outdoor Features

  • 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

  • Groesbeck Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,368

Year Built

Built in 1955 | Remodeled

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Bedroom 2 Level: First
  • Dining Room Level: First
  • Living Room Level: First
  • Property Conditions Updated Remodeled: Yes
  • Current Use: Investment
  • Tax Year: 18
  • Levels: One
  • Parking Features Garage Spaces: 1.0
  • Year Built: 1955
  • Lot Size Acres: 0.16
  • Lot Size: 77 x 95
  • Subdivision Name: Groesbeck
  • Above Grade Finished Sq Ft: 1308.0
  • Architectural Style: Ranch
  • Living Area: 1308.0
  • New Construction: No
  • General Property Info:Lot Size Dimensions: 77 x 95
  • General Property Info:Above Grade Finished Area: 1308.0
  • General Property Info:Total Livable Area: 1308.0
  • Baths:_pound_Full Baths 1: 2
  • Rooms:Dining Room2: Yes
  • Rooms:Living Room2: Yes
  • Primary Bedroom Level: First
  • Appliances Refrigerators: Yes
  • Rooms:Family Room2: 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
  • Architectural Style:Ranch: Yes
  • Exterior:Brick: Yes
  • Fencing:Fenced: Yes
  • Exterior:Hardboard: Yes
  • Tax Info:Zoning3: Residential
  • General Property Info:Building Area Total SqFt: 2316.0
  • General Property Info:Front Door: North
  • Special Features: None

Interior Features

  • Basement: Daylight, Full
  • Heating: Forced Air, Natural Gas
  • Interior Amenities: Ceiling Fan(s), High Speed Internet, Laminate Counters, Primary Bathroom, Primary Downstairs
  • Total Bedrooms: 3
  • Room: 7
  • Property Type: Residential
  • Bedroom 3 Level: First
  • Family Room Level: First
  • Other Level: Basement
  • Full Bathrooms: 2
  • Appliances:Gas Water Heater: Yes
  • Full Basement: Yes
  • Basement:Daylight: Yes
  • Community Features:Curbs: Yes
  • Community Features:Sidewalks: Yes
  • Appliances Range: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Oven: Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Interior Features:Primary Downstairs: Yes
  • Interior Features:High Speed Internet: Yes
  • Interior Features:Laminate Counters: Yes

Exterior Features

  • Roof: Shingle
  • Fencing: Fenced
  • RoadFrontageType: City Street
  • RoadSurfaceType: Paved
  • Patio And Porch Features: Covered, Patio, Porch
  • Home Warranty: No
  • Construction Type: Brick, Hardboard
  • Direction Faces: North
  • Property Condition: Updated/Remodeled
  • Patio Porch Features:Covered: Yes
  • Patio Porch Features:Porch: Yes
  • Patio Porch Features:Patio: Yes

Garage/Parking

  • Parking Features: Carport
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features:Carport: Yes

Utilities

  • Sewer: Public Sewer
  • Appliances: Disposal, Gas Water Heater, Refrigerator, Range, Oven, Dishwasher
  • Cooling: Central Air
  • SecurityFeatures: Smoke Detector(s)
  • Utilities: Cable Available
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Sq Ft: 6751.8
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3368.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2019
Closed on
Mar 5, 2019
Sold by
Reeser Nicholas
Bought by
Young Clint
Seller's Agent
James Fordell
Musselman Realty Company
List Price
$149,900
Sold Price
$145,000
Premium/Discount to List
-$4,900
-3.27%
Current Estimated Value
$237,971

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$92,971
Avg. Annual Appreciation
7.80%
Original Mortgage
$116,000
Outstanding Balance
$75,503
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$161,298

Purchase Details

Listed on
Jan 16, 2019
Closed on
Feb 13, 2019
Sold by
Marcou Scott
Bought by
Reeser Nicholas
Seller's Agent
James Fordell
Musselman Realty 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.
Original Mortgage
$116,000
Outstanding Balance
$75,503
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$161,298

Purchase Details

Closed on
Jul 13, 2017
Sold by
Mazcou Scott
Bought by
Reeser Nicholas

Purchase Details

Closed on
May 26, 2011
Sold by
Secretary Of Housing & Urban Development
Bought by
Reeser Nicholas

Purchase Details

Closed on
Nov 24, 2009
Sold by
Michigan State Housing Development Autho
Bought by
The Secretary Of Housing & Urban Develop

Purchase Details

Closed on
May 21, 2009
Sold by
Greene Jance K
Bought by
Michigan State Housing Development Autho

Purchase Details

Closed on
Feb 23, 2005
Sold by
Slater Kenneth O and Slater Donna M
Bought by
Greene Jance K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,018
Interest Rate
5.7%
Mortgage Type
FHA
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Young Clint $145,000 Transnation Title Agency
Reeser Nicholas -- None Available
Reeser Nicholas -- None Available
Reeser Nicholas $53,900 None Available
The Secretary Of Housing & Urban Develop -- None Available
Michigan State Housing Development Autho $133,467 None Available
Greene Jance K $124,000 Armstrong Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Young Clint $116,000
Previous Owner Greene Jance K $123,018
Closed Greene Jance K $5,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/05/2019 03/05/19 Sold $145,000 -3.3% $111 / Sq Ft
01/19/2019 01/19/19 Pending -- -- --
12/10/2018 12/10/18 For Sale $149,900 -- $115 / 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 $4,014 $99,200 $21,900 $77,300
2024 $19 $91,300 $17,100 $74,200
2023 $3,851 $81,400 $18,500 $62,900
2022 $3,683 $72,100 $18,800 $53,300
2021 $3,624 $69,900 $15,400 $54,500
2020 $3,270 $64,000 $15,400 $48,600
2019 $2,599 $61,300 $11,600 $49,700
2018 $3,368 $53,100 $10,600 $42,500
2017 $2,398 $53,100 $10,600 $42,500
2016 -- $50,400 $9,600 $40,800
2015 -- $48,600 $19,134 $29,466
2014 -- $47,200 $19,134 $28,066
Source: Public Records

Agents Affiliated with this Home

  • James Fordell

    Seller's Agent in 2019

    James Fordell

    Musselman Realty Company

    (517) 749-6501

    2 in this area

    47 Total Sales

    James Fordell
    Section Image
See All Agents

Map

Source: Greater Lansing Association of Realtors®

MLS Number: 232607

Greater Lansing Association of Realtors®

APN: 21-01-11-179-012

Michigan Ingham County Lansing 48912 Groesbeck

2520 Gay Ln, Lansing, MI

This home is located at 2520 Gay Ln, Lansing, MI 48912 since 16 January 2019 and is currently estimated at $237,971, approximately $181 per square foot. This property was built in 1955. 2520 Gay Ln is a home located in Ingham County with nearby schools including Pattengill Academy, Willow School, and Eastern 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.
Copyright © 2025 Greater Lansing Association of REALTORS®

Nearby Homes