505 Richard Ave Lansing, MI 48917
Delta Township NeighborhoodEstimated Value: $275,000 - $285,000
3
Beds
2.5
Baths
1,895
Sq Ft
$147/Sq Ft
Est. Value
Highlights
- Main Floor Primary Bedroom
- Porch
- Living Room
- Formal Dining Room
- 2 Car Attached Garage
- Shed
About This Home
As of May 2022Welcome to 505 Richard! This all-brick cape cod has been lovingly maintained by the same family since it was built in 1953. The charm and character are everywhere as are updates to make this home functional and move-in ready. There is a large 2 car garage, attached to the house by a breezeway, which will be the perfect drop zone for muddy boots and shoes. The kitchen has had a mini-update and features fresh paint, new flooring, new hardware, as well as lots of cabinet and counter-space. The kitchen overlooks a large room with gleaming hardwood floors that could be a formal dining room or living space. There is also a family room with luxurious and unique redwood walls, brand new carpet, and a mid-century ,chic, stone fireplace. Also, on the main floor you will find two bedrooms and two full bathrooms, including a primary suite with a work-from-home/den area, large bedroom, walk-in closet, and a private bathroom. Upstairs, the mid-century charm continues with a large third bedroom with knotty-pine walls tucked in the eaves of the house. There are so many nooks and crannies to make this space interesting and adorable. There is also a renovated half bath and lots of storage spaces, including a walk-in attic. The full basement is fresh and clean and includes many newer mechanicals, including a water heater (2022), furnace (2021), central air (2021), new supply lines (2022). Other features include a double lot with mature trees, a backyard shed, and a convenient location around the corner from shopping and entertainment.
Last Agent to Sell the Property
Rooted Real Esta Of Greater Lansing
RE/MAX Real Estate Professionals Listed on: 04/14/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,770
Year Built
- Built in 1953
Lot Details
- 0.33 Acre Lot
- Lot Dimensions are 110x130
Parking
- 2 Car Attached Garage
- Garage Door Opener
Home Design
- Brick Exterior Construction
- Shingle Roof
Interior Spaces
- 1,895 Sq Ft Home
- 1.5-Story Property
- Ceiling Fan
- Gas Fireplace
- Living Room
- Formal Dining Room
- Fire and Smoke Detector
Kitchen
- Oven
- Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
- Primary Bedroom on Main
Laundry
- Dryer
- Washer
Basement
- Basement Fills Entire Space Under The House
- Laundry in Basement
Outdoor Features
- Shed
- Breezeway
- Porch
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Cable TV Available
Community Details
- Oak Park Subdivision
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 14, 2022
Closed on
May 13, 2022
Sold by
Charles Mclravy Ii Robert
Bought by
Couture Nicholas and Couture Alexia
Seller's Agent
Rooted Real Esta Of Greater Lansing
RE/MAX Real Estate Professionals
Buyer's Agent
Danielle French
Keller Williams Realty Lansing
List Price
$229,900
Sold Price
$254,000
Premium/Discount to List
$24,100
10.48%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,476
Avg. Annual Appreciation
3.10%
Original Mortgage
$249,399
Outstanding Balance
$238,034
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$41,442
Purchase Details
Closed on
Jan 19, 2018
Sold by
Charles Mclravy Robert
Bought by
Mclravy Robert Charles and Mclravy Robert Charles
Similar Homes in Lansing, MI
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Couture Nicholas | $254,000 | Ata National Title Group | |
| Mclravy Robert Charles | -- | Oade Gerald L |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Couture Nicholas | $249,399 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/13/2022 05/13/22 | Sold | $254,000 | +10.5% | $134 / Sq Ft |
| 04/19/2022 04/19/22 | Pending | -- | -- | -- |
| 04/14/2022 04/14/22 | For Sale | $229,900 | -- | $121 / Sq Ft |
Source: Greater Lansing Association of Realtors®
Tax History Compared to Growth
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 | $3,204 | $127,600 | $0 | $0 |
| 2023 | $3,080 | $117,200 | $0 | $0 |
| 2022 | $2,784 | $88,300 | $0 | $0 |
| 2021 | $2,723 | $81,400 | $0 | $0 |
| 2020 | $2,815 | $75,800 | $0 | $0 |
| 2019 | $2,789 | $72,894 | $0 | $0 |
| 2018 | $2,755 | $70,800 | $0 | $0 |
| 2017 | $2,647 | $67,200 | $0 | $0 |
| 2016 | -- | $60,800 | $0 | $0 |
| 2015 | -- | $59,300 | $0 | $0 |
| 2014 | -- | $57,400 | $0 | $0 |
| 2013 | -- | $56,600 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Rooted Real Esta Of Greater Lansing
R
Seller's Agent in 2022
Rooted Real Esta Of Greater Lansing
RE/MAX Michigan
(517) 339-8255
26 in this area
339 Total Sales
-
Adriane Lau
Seller Co-Listing Agent in 2022
Adriane Lau
RE/MAX Michigan
(517) 881-5182
25 in this area
334 Total Sales
-
Danielle French
D
Buyer's Agent in 2022
Danielle French
Keller Williams Realty Lansing
(517) 853-6390
6 in this area
88 Total Sales
Map
Source: Greater Lansing Association of Realtors®
MLS Number: 264072
APN: 040-068-000-150-00
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Copyright © 2025 Greater Lansing Association of REALTORS®
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