NOT LISTED FOR SALE

516 Wayland Ave East Lansing, MI 48823

Estimated Value: $271,000 - $337,000

4 Beds
2 Baths
1,500 Sq Ft
$204/Sq Ft Est. Value

Last Sold December 20, 2013

Last sale price $160,000 $107 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $2,270/month

75 Days on Market

Highlights

  • Ranch Style House
  • 4 Car Detached Garage
  • 3-minute walk to Hidden River Park
  • Marble Elementary School Rated A-
  • Forced Air Heating System

About This Home

As of December 2013

DB Beautiful setting over ? acre with a tree lined lot. The interior on both sides have white painted walls and one side has hard wood floors and the other side is carpeted. Each side has a newer washer and dryer! The tenants pay their own utilities. Nice sized basement on each side plus a crawl space for storage.

Last Agent to Sell the Property

Carol Chapman

Berkshire Hathaway HomeServices License #6501240632 Listed on: 09/27/2013

Berkshire Hathaway HomeServices

Last Buyer's Agent

Steven Viele

Berkshire Hathaway HomeServices License #6501326506

Berkshire Hathaway HomeServices

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 0.3

Parking

  • 4 Car Detached Garage

Home Design

  • 1,500 Sq Ft Home
  • Ranch Style House
  • Aluminum Siding
  • Vinyl Siding

Basement

  • Basement Fills Entire Space Under The House
  • Crawl Space

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Cable TV Available

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Tax Year: 12
  • Levels: One
  • Year Built: 1948
  • Above Grade Finished Sq Ft: 1500.0
  • Architectural Style: Ranch
  • General Property Info:Above Grade Finished Area: 1500.0
  • Exterior:Aluminum Siding: Yes
  • Sewer:Public Sewer: Yes
  • Utilities:Cable Available: Yes
  • Security Features:Smoke Detector(s): Yes
  • Levels:One: Yes
  • General Property Info:ECO Friendly Features: No
  • Exterior:Vinyl Siding: Yes
  • Architectural Style:Ranch: Yes
  • Tax Info:Taxes2: 4748.0
  • Tax Info:Zoning3: Residential
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:_pound_ of Units: 2
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space, Full
  • Heating: Forced Air, Natural Gas
  • Property Type: Resid/Multi-Family
  • Full Basement: Yes
  • Basement:Crawl Space: Yes

Exterior Features

  • Construction Type: Vinyl Siding, Aluminum Siding

Garage/Parking

  • Parking Features: Detached
  • Attached Garage: No
  • Parking Features:Detached: Yes
  • General Property Info:Parking Total: 4

Utilities

  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 25, 2015
Sold by
Mescher Ruth E
Bought by
Mescher Gary C and Mescher Ruth E
Current Estimated Value
$305,333

Purchase Details

Closed on
Mar 19, 2015
Sold by
Zielinski Seam
Bought by
Green Rentals Llc

Purchase Details

Listed on
Sep 27, 2013
Closed on
Dec 19, 2013
Sold by
Russell Thomas D and Russell Gail M
Bought by
Zielinski Sean P
Seller's Agent
Carol Chapman
Berkshire Hathaway HomeServices
Buyer's Agent
Steven Viele
Berkshire Hathaway HomeServices
List Price
$169,900
Sold Price
$160,000
Premium/Discount to List
-$9,900
-5.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.71%
Original Mortgage
$120,000
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 1, 1975
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
Mescher Gary C $13,333 --
Green Rentals Llc -- None Available
Zielinski Sean P $160,000 None Available
-- $35,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Greene Rentals Llc $600,000
Previous Owner Zielinski Sean P $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2013 12/20/13 Sold $160,000 -5.8% $107 / Sq Ft
12/11/2013 12/11/13 Pending -- -- --
09/27/2013 09/27/13 For Sale $169,900 -- $113 / 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
2024 -- $123,000 $31,800 $91,200
2023 $7,013 $112,200 $27,200 $85,000
2022 $6,709 $99,300 $23,600 $75,700
2021 $6,569 $96,600 $22,400 $74,200
2020 $6,493 $96,600 $22,400 $74,200
2019 $6,262 $90,800 $24,300 $66,500
2018 $6,665 $88,100 $17,600 $70,500
2017 $6,429 $87,200 $17,900 $69,300
2016 -- $87,200 $17,200 $70,000
2015 -- $80,600 $31,581 $49,019
2014 -- $80,600 $31,581 $49,019
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 52671

Greater Lansing Association of Realtors®

APN: 20-02-17-110-011