$425,000
SOLD MAY 15, 2026

423 Bailey St East Lansing, MI 48823

5 Beds
3 Baths
3,072 Sq Ft
6,098 Sq Ft Lot

Sale Details

Date Sold: May 15, 2026

$138 Per Sq Ft

3% Below List Price

14 Days on Market

Highlights

  • Breakfast Area or Nook
  • Forced Air Heating System
  • Garage
  • Marble Elementary School Rated A-

About This Home

As of May 2026

Come see this 5 Bedroom, 3 Full Bath Very Nice Colonial in the Desirable Bailey Park Sub. This house has such a great layout and plenty of space to enjoy and entertain. The main floor has a spacious living room, dining room, kitchen, breakfast nook, full bathroom, and a spare room that leads to the screened in patio. The 2nd Floor offers 4 very spacious bedrooms, plenty of closet and storage space, and another full bath. The top floor offers the 5th bedroom and sitting area. The basement is finished adding another living area/entertaining space, a full bath, laundry, and great storage areas. This home has recently been updated with neutral paint throughout, all new lighting, refinished hardwood floors, new carpet throughout, appliances, new front door, new side door, and the full bath has a new shower/tub surround. HVAC 2019. This is move in ready and a perfect home for college students or a big family. 2 Car detached garage and plenty of parking with the long driveway and extra parking pad. Home is owner occupied and has a Class II rental license. The home is in a perfect location so close to MSU Campus, and offers the opportunity to earn extra rental income. Don't miss this one! Schedule your showing today!

Last Agent to Sell the Property

Cara Pimer

Source Realty LLC License #6501415168 Listed on: 02/27/2026

Last Buyer's Agent

Cara Pimer

Source Realty LLC License #6501415168 Listed on: 02/27/2026

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1937

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 45x140

Parking

  • Garage

Home Design

  • Block Foundation
  • Metal Siding

Kitchen

  • Breakfast Area or Nook

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Basement

Community Details

  • Strathmore Subdivision

Listing and Financial Details

  • Assessor Parcel Number 200218132010

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,241

Year Built

Built in 1937

Lot Details

6,098 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1937
  • State Equalized Value: 168800.00
  • Entry Location: GroundLevel
  • Property Sub Type: SingleFamilyResidence
  • LotSizeAcres: 0.14
  • Co List Office Mls Id: 367742
  • Above Grade Finished Sq Ft: 2092.00
  • Living Area: 3072.00
  • ClassName: Residential
  • ThirdPartyApprovalRequiredYN: No
  • Special Features: None

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Below Grade Sq Ft: 980.00

Exterior Features

  • Waterfront: No
  • Foundation Details: Basement, Block
  • Construction Materials: MetalSiding
  • Road Frontage Type: Paved
  • Disclosures: TaxesHomesteadExempt
  • Home Warranty: No

Garage/Parking

  • Garage: Yes

Utilities

  • Heating: ForcedAir, NaturalGas
  • Sewer: PublicSewer
  • Water Source: Other

Schools

  • Junior High Dist: EastLansing

Lot Info

  • Lot Dimensions: 45X140
  • Parcel Number: 200218132010
  • Land Lease Expiration Date: 2026-05-27

Tax Info

  • Tax Amount Summer: 6197.00
  • Tax Amount Winter: 1044.00
  • Tax Annual Amount: 7241.00

Multi Family

  • Above Grade Finished Area Units: SquareFeet

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2026
Closed on
May 14, 2026
Sold by
Bought by
Seller's Agent
Cara Pimer
Source Realty LLC
Buyer's Agent
Cara Pimer
Source Realty LLC
List Price
$439,900
Sold Price
$425,000
Premium/Discount to List
-$14,900
-3.39%
Views
57

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.02%
Original Mortgage
$335,000
Outstanding Balance
$335,000
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$94,078

Purchase Details

Closed on
May 29, 2024
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,250
Interest Rate
6.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 13, 2024
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,250
Interest Rate
6.82%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 10, 2020
Closed on
May 29, 2020
Sold by
Bought by
Seller's Agent
Rob Buffington
White Pine Sotheby's International Realty
Buyer's Agent
Non Member
Non Member Office
List Price
$234,900
Sold Price
$232,500
Premium/Discount to List
-$2,400
-1.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.64%

Purchase Details

Closed on
Dec 13, 2013
Sold by
Bought by

Purchase Details

Closed on
May 8, 2009
Sold by
Bought by

Purchase Details

Closed on
Feb 5, 2009
Sold by
Bought by

Purchase Details

Closed on
Sep 1, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
6.59%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 13, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
4.59%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 18, 2003
Sold by
Bought by

Purchase Details

Closed on
Jul 17, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,740
Interest Rate
6.64%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 1, 1992

Purchase Details

Closed on
Jun 1, 1977
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed $425,000 Michigan Title Insurance Agenc
Quit Claim Deed -- Michigan Title Insurance Agenc
Warranty Deed $320,000 Michigan Title Insurance Agenc
Warranty Deed $232,500 None Available
Warranty Deed $179,900 Tri County Title Agency Llc
Interfamily Deed Transfer -- None Available
Warranty Deed $206,000 Tri County Title Agency Llc
Warranty Deed $220,000 Transnation Title
Warranty Deed $220,000 Metropolitan Title Okemos
Interfamily Deed Transfer -- --
Warranty Deed $208,000 Midstate Title Company
Deed $122,500 --
Deed $48,500 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $335,000 New Conventional
Previous Owner $242,250 New Conventional
Previous Owner $176,000 Purchase Money Mortgage
Previous Owner $176,000 Purchase Money Mortgage
Previous Owner $208,740 Purchase Money Mortgage
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/15/2026 05/15/26 Sold $425,000 -3.4% $138 / Sq Ft
03/15/2026 03/15/26 Pending -- -- --
03/01/2026 03/01/26 For Sale $439,900 +89.2% $143 / Sq Ft
05/29/2020 05/29/20 Sold $232,500 -1.0% $90 / Sq Ft View Prior Sale
03/06/2020 03/06/20 Pending -- -- --
02/10/2020 02/10/20 For Sale $234,900 -- $91 / Sq Ft
Source: Realcomp

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $7,914 $168,800 $20,300 $148,500
2024 $63 $156,600 $18,800 $137,800
2023 $6,607 $130,200 $16,600 $113,600
2022 $6,723 $123,600 $15,000 $108,600
2021 $6,607 $117,200 $13,300 $103,900
2020 $5,227 $108,900 $13,600 $95,300
2019 $5,013 $101,800 $15,500 $86,300
2018 $5,482 $103,800 $14,800 $89,000
2017 $5,262 $100,700 $16,700 $84,000
2016 -- $95,000 $16,600 $78,400
2015 -- $89,800 $32,078 $57,722
2014 -- $84,400 $31,849 $52,551
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20261012475

Realcomp

APN: 20-02-18-132-010

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