506 S Fairview Ave Lansing, MI 48912
Fairview Area NeighborhoodEstimated Value: $92,000 - $105,000
3
Beds
1
Bath
1,144
Sq Ft
$86/Sq Ft
Est. Value
Highlights
- Deck
- Living Room
- Dining Room
- Covered patio or porch
- Forced Air Heating System
About This Home
As of January 2015Charming Historic 2 story home with 3 bedrooms, 1 bath, formal dining room, and a full unfinished basement. 1 car detached garage and a terrific front porch perfect for those Sunday afternoons. Located in the city of Lansing close to shopping, schools, restaurants and the city bus line. Great price for a terrific home. *This is a Fannie Mae Homepath property. The seller has directed that all Fannie Mae offers be submitted using the online homepath offer system and there is a first look initiative. All owner occupants must submit a signed ''owner occupant certificate'' (attached) with any offer. For all offers subject to a mortgage, a pre approval letter is suggested along with the offer. Buyers may be charged a state transfer tax. if this is a cash transaction, Fannie Mae requires 10% t money and buyers will pay $500+ for a closing fee. Minimum commission 1000/1000.*
Last Agent to Sell the Property
Gateway to Homes License #6506043716 Listed on: 12/11/2014
Last Buyer's Agent
Chris Dean
The Gateway Group @ Keller Williams License #6506043716
Home Details
Home Type
- Single Family
Year Built
- Built in 1918
Lot Details
- 4,356 Sq Ft Lot
- Lot Dimensions are 33 x 127
Parking
- 1 Car Garage
Home Design
- Aluminum Siding
Interior Spaces
- 1,144 Sq Ft Home
- 2-Story Property
- Living Room
- Dining Room
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
Outdoor Features
- Deck
- Covered patio or porch
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Gas Water Heater
Listing and Financial Details
- REO, home is currently bank or lender owned
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 11, 2014
Closed on
Jan 26, 2015
Sold by
Fannie Mae
Bought by
Spitzley Michael K
Seller's Agent
Chris Dean
Gateway to Homes
Buyer's Agent
Chris Dean
Gateway to Homes
List Price
$24,900
Sold Price
$22,000
Premium/Discount to List
-$2,900
-11.65%
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
$76,539
Avg. Annual Appreciation
15.57%
Purchase Details
Closed on
Oct 27, 2014
Sold by
Burton Hannah M
Bought by
Fannie Mae and Federal National Mortgage Association
Purchase Details
Closed on
Sep 2, 2014
Sold by
Burton Sheriff and Burton Hannah M
Bought by
Fannie Mae
Purchase Details
Closed on
Feb 25, 2005
Sold by
Burton Hannah and Dear Hannah Mae
Bought by
Burton Hannah
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,700
Interest Rate
8.8%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Purchase Details
Closed on
Mar 18, 2004
Sold by
Burton Hannah and Dear Hannah Mae
Bought by
Wells Fargo Bank Minnesota Na and Holders Of Option One Mortgage Loan Trus
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Spitzley Michael K | $22,000 | None Available | |
| Fannie Mae | $6,000 | None Available | |
| Fannie Mae | $96,373 | -- | |
| Burton Hannah | -- | Capital Title Corporation | |
| Wells Fargo Bank Minnesota Na | $60,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Spitzley Michael K | $100,000 | |
| Previous Owner | Burton Hannah M | $78,200 | |
| Previous Owner | Burton Hannah | $64,700 | |
| Previous Owner | Burton Hannah M | $59,800 | |
| Previous Owner | Burton Hannah | $62,250 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/27/2015 01/27/15 | Sold | $22,000 | -11.6% | $19 / Sq Ft |
| 01/15/2015 01/15/15 | Pending | -- | -- | -- |
| 12/11/2014 12/11/14 | For Sale | $24,900 | -- | $22 / 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 | $19 | $36,400 | $3,400 | $33,000 |
| 2023 | $2,133 | $32,600 | $3,400 | $29,200 |
| 2022 | $1,949 | $27,700 | $2,700 | $25,000 |
| 2021 | $1,904 | $24,500 | $3,100 | $21,400 |
| 2020 | $1,891 | $23,100 | $3,100 | $20,000 |
| 2019 | $1,831 | $22,500 | $3,100 | $19,400 |
| 2018 | $1,776 | $22,300 | $3,100 | $19,200 |
| 2017 | $1,709 | $22,300 | $3,100 | $19,200 |
| 2016 | $1,538 | $31,200 | $3,100 | $28,100 |
| 2015 | $1,538 | $29,500 | $6,111 | $23,389 |
| 2014 | $1,538 | $29,100 | $6,111 | $22,989 |
Source: Public Records
Agents Affiliated with this Home
-
Chris Dean
Seller's Agent in 2015
Chris Dean
Gateway to Homes
(517) 749-6666
131 Total Sales
Map
Source: Greater Lansing Association of Realtors®
MLS Number: 65837
APN: 01-01-14-357-191
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