Seller's Agent in 2019
Dave Ledebuhr
Musselman Realty Company
(517) 332-3582
36 in this area
78 Total Sales
516 Bailey St East Lansing, MI 48823
Estimated Value: $376,000 - $406,000
4
Beds
2.5
Baths
2,275
Sq Ft
$169/Sq Ft
Est. Value
Highlights
- Colonial Architecture
- Deck
- Covered Patio or Porch
- Marble Elementary School Rated A-
- 1 Fireplace
- 4-minute walk to Bailey Park
About This Home
As of August 2019Welcome home to 516 Bailey. This quality built large 4+ bedroom, 2 ½ bath Colonial home is available for the first time since 1959! Owned for 60 years by the same family! Charm, hardwood up and down, updated mostly Anderson windows, upgraded 200 amp electrical panel, new Jimmerson Roof in 2019, newer furnace, c/a, a built in single bed, fenced yard, detached 2 car garage, ample perennials, decorative rock garden, 6 panel wood doors. The Kitchen (older cabinets) is open to the informal eating are with lots of additional cabinet space, and the dining room has a built in corner dining hutch. Pride in ownership abounds! Sellers wanted new owners to know of the hard to find perennials including Dahlia Bulbs, Russian Sage, Wiegalia, and a Canadian Sparkle Granite Stone in front rock garden. decorative rock welcomes you home in the front flower bed. The spacious backyard has a concrete patio area, and is all fenced. Lower level has a large recreation room (not really finished but very usable), and has glass block windows. Walking distance to MSU, downtown East Lansing, and Old Bailey School park area close by, as well as the award winning East Lansing High School, McDonald Middle School and Marble Elementary. Don't forget about walking to the Hannah Community Center, and City owned Library as this home is close to everything East Lansing a truly a rare find.
Last Agent to Sell the Property
Musselman Realty Company License #6502109685 Listed on: 05/13/2019
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,593
Year Built
- Built in 1945
Lot Details
- 5,706 Sq Ft Lot
- Lot Dimensions are 50 x 114
- West Facing Home
- Fenced
Parking
- 2 Car Garage
- Garage Door Opener
Home Design
- Colonial Architecture
- Shingle Roof
- Aluminum Siding
Interior Spaces
- 2,275 Sq Ft Home
- 2-Story Property
- 1 Fireplace
- Family Room
- Living Room
- Formal Dining Room
- Utility Room
- Basement Fills Entire Space Under The House
Kitchen
- Oven
- Range
- Microwave
- Dishwasher
- Laminate Countertops
- Disposal
Bedrooms and Bathrooms
- 4 Bedrooms
Laundry
- Dryer
- Washer
Outdoor Features
- Deck
- Covered Patio or Porch
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Gas Water Heater
Community Details
- Strathmore Subdivision
- Office
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 13, 2019
Closed on
Aug 6, 2019
Sold by
Hall Douglas W and Hall Elizabeth L
Bought by
Norrix Bryan C and Norrix Emily J
Seller's Agent
Dave Ledebuhr
Musselman Realty Company
Buyer's Agent
Margaret Gerich
RE/MAX Real Estate Professionals
List Price
$284,900
Sold Price
$238,000
Premium/Discount to List
-$46,900
-16.46%
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
$147,182
Avg. Annual Appreciation
7.70%
Original Mortgage
$190,400
Outstanding Balance
$126,689
Interest Rate
3.73%
Mortgage Type
New Conventional
Estimated Equity
$248,915
Purchase Details
Closed on
Feb 10, 1999
Sold by
Hall Douglas W and Hall Elizabeth L
Bought by
Hall Douglas W and Hall Elizabeth L
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Norrix Bryan C | $238,000 | Transnation Title Agency | |
| Hall Douglas W | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Norrix Bryan C | $190,400 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/06/2019 08/06/19 | Sold | $238,000 | -2.8% | $105 / Sq Ft |
| 05/29/2019 05/29/19 | Price Changed | $244,900 | -14.0% | $108 / Sq Ft |
| 05/13/2019 05/13/19 | For Sale | $284,900 | -- | $125 / 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 |
|---|---|---|---|---|
| 2025 | $7,546 | $164,800 | $29,200 | $135,600 |
| 2024 | -- | $149,900 | $27,000 | $122,900 |
| 2023 | $7,048 | $138,900 | $25,100 | $113,800 |
| 2022 | $6,753 | $128,900 | $21,800 | $107,100 |
| 2021 | $6,637 | $122,300 | $20,200 | $102,100 |
| 2020 | $6,564 | $116,100 | $18,800 | $97,300 |
| 2019 | $5,115 | $110,700 | $18,600 | $92,100 |
| 2018 | $5,593 | $104,700 | $19,000 | $85,700 |
| 2017 | $5,370 | $102,400 | $18,000 | $84,400 |
| 2016 | -- | $100,200 | $18,400 | $81,800 |
| 2015 | -- | $93,500 | $35,088 | $58,412 |
| 2014 | -- | $86,300 | $34,601 | $51,699 |
Source: Public Records
Agents Affiliated with this Home
-
Dave Ledebuhr
-
Margaret Gerich
Buyer's Agent in 2019
Margaret Gerich
RE/MAX Michigan
(517) 303-0527
26 in this area
351 Total Sales
Map
Source: Greater Lansing Association of Realtors®
MLS Number: 236425
APN: 20-02-18-120-010
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