NOT LISTED FOR SALE

506 S Fairview Ave Lansing, MI 48912

Fairview Area Neighborhood

Estimated Value: $91,000 - $117,000

3 Beds
1 Bath
1,144 Sq Ft
$89/Sq Ft Est. Value

Last Sold January 27, 2015

Last sale price $22,000 $19 Per Sq Ft

Est. 360% increase in value since last sale

Current estimated payment $725/month

35 Days on Market

Highlights

  • Deck
  • Living Room
  • Dining Room
  • Covered Patio or Porch
  • Forced Air Heating System

About This Home

As of January 2015

Charming 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

Chris Dean

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

Home Details

Home Type

Single Family

Year Built

Built in 1918

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Bedroom 2 Level: Second
  • Dining Room Level: First
  • Living Room Level: First
  • Tax Year: 13
  • Levels: Two
  • Parking Features Garage Spaces: 1.0
  • Year Built: 1918
  • Lot Size Acres: 0.1
  • Lot Size: 33 X 127
  • Above Grade Finished Sq Ft: 1144.0
  • Living Area: 1144.0
  • General Property Info:Lot Size Dimensions: 33 X 127
  • General Property Info:Above Grade Finished Area: 1144.0
  • General Property Info:Total Livable Area: 1144.0
  • Baths:_pound_Full Baths 2: 1
  • Rooms:Dining Room2: Yes
  • Rooms:Living Room2: Yes
  • Primary Bedroom Level: Second
  • Exterior:Aluminum Siding: Yes
  • Levels:Two2: Yes
  • Location Legal Info:Real Estate Owned: Yes
  • Sewer:Public Sewer: Yes
  • General Property Info:ECO Friendly Features: No
  • Special Listing Cond:Real Estate Owned2: Yes
  • Tax Info:Zoning3: Residential
  • General Property Info:Building Area Total SqFt: 1716.0
  • Special Features: RealEstateOwned

Interior Features

  • Basement: Full
  • Heating: Forced Air, Natural Gas
  • Total Bedrooms: 3
  • Room: 6
  • Property Type: Residential
  • Bedroom 3 Level: Second
  • Full Bathrooms: 1
  • Appliances:Gas Water Heater: Yes
  • Full Basement: Yes
  • Appliances:None3: Yes

Exterior Features

  • Patio And Porch Features: Covered, Deck, Porch
  • Home Warranty: No
  • Construction Type: Aluminum Siding
  • Patio Porch Features:Deck: Yes
  • Patio Porch Features:Covered: Yes
  • Patio Porch Features:Porch: Yes

Garage/Parking

  • Garage Spaces: 1.0

Utilities

  • Sewer: Public Sewer
  • Appliances: None, Gas Water Heater
  • Water Source: Public
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Sq Ft: 4356.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1500.0

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
$101,255

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,255
Avg. Annual Appreciation
14.82%

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
Source: Public Records

Range of Values:

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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

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
Previous Owner Burton Hannah $64,700
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

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 $2,265 $41,500 $3,400 $38,100
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

    122 Total Sales

    Chris Dean
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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 65837

Greater Lansing Association of Realtors®

APN: 01-01-14-357-191

Michigan Ingham County Lansing 48912 Fairview Area

506 S Fairview Ave, Lansing, MI

This home is located at 506 S Fairview Ave, Lansing, MI 48912 since 11 December 2014 and is currently estimated at $101,255, approximately $88 per square foot. This property was built in 1918. 506 S Fairview Ave is a home located in Ingham County with nearby schools including Pattengill Academy, Riddle Elementary 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.
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