5166 Park Lake Rd East Lansing, MI 48823
Estimated payment $1,743/month
Highlights
- Property is near public transit
- Ranch Style House
- Dehumidifier
- Bennett Woods Elementary School Rated A
- Wood Flooring
- Attached Carport
About This Home
Fantastic investment opportunity to own a brick ranch duplex in Okemos Schools! This home features nicely updated bathrooms with step-in showers and tilewalls, updated double vanities, double linen closets in both units, hardwood flooring in living, dining and bedrooms, kitchen with pantry closets, all appliances,updated basement flooring, fresh paint, and a fenced in yard with a privacy fence.Licensed for 3 unrelated or a family on both sides. Roof new 2019, furnace on 5168 side 2003, windows 2006 with 35-year warranty, main drain replaced 2016. 5166 side has gas hot water baseboard heating and 5168 has forced air. Don't wait- this will sell fast!
Listing Agent
White Pine Sotheby's International Realty License #6501442128 Listed on: 02/24/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1957
Lot Details
- 0.46 Acre Lot
- Lot Dimensions are 100x200
- Privacy Fence
- Chain Link Fence
- Level Lot
- Few Trees
- Garden
- Back Yard Fenced and Front Yard
Home Design
- 1,768 Sq Ft Home
- Duplex
- Ranch Style House
- Brick Exterior Construction
- Block Foundation
Flooring
- Wood
- Tile
- Vinyl
Basement
- Basement Fills Entire Space Under The House
- Laundry in Basement
- Basement Window Egress
Parking
- 6 Parking Spaces
- Attached Carport
- Driveway
- Paved Parking
Outdoor Features
- Fire Pit
- Outdoor Storage
Location
- Property is near public transit
Utilities
- Dehumidifier
- Window Unit Cooling System
- Forced Air Heating System
- Heating System Uses Natural Gas
- Baseboard Heating
- Hot Water Heating System
- Separate Meters
- High Speed Internet
Community Details
Overview
- 2 Units
- Ridge Park Subdivision
Building Details
- Insurance Expense $1,800
- Maintenance Expense $1,710
- Manager Expense $3,420
- New Taxes Expense $10,829
- Net Operating Income $16,441
Map
Home Values in the Area
Average Home Value in this Area
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 | $49 | $156,300 | $26,500 | $129,800 |
| 2023 | $10,223 | $145,300 | $25,200 | $120,100 |
| 2022 | $7,025 | $101,500 | $21,600 | $79,900 |
| 2021 | $6,867 | $96,600 | $19,500 | $77,100 |
| 2020 | $5,023 | $87,900 | $19,500 | $68,400 |
| 2019 | $4,918 | $82,100 | $21,000 | $61,100 |
| 2018 | $4,709 | $77,900 | $21,600 | $56,300 |
| 2017 | $4,514 | $75,500 | $21,800 | $53,700 |
| 2016 | $2,054 | $71,800 | $20,500 | $51,300 |
| 2015 | $2,054 | $67,200 | $37,932 | $29,268 |
| 2014 | $2,054 | $65,900 | $32,736 | $33,164 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/25/2025 03/25/25 | Price Changed | $315,000 | -4.5% | $178 / Sq Ft |
| 02/24/2025 02/24/25 | For Sale | $329,900 | +10.4% | $187 / Sq Ft |
| 10/26/2022 10/26/22 | Sold | $298,900 | -0.3% | $169 / Sq Ft |
| 09/26/2022 09/26/22 | Pending | -- | -- | -- |
| 09/15/2022 09/15/22 | For Sale | $299,900 | +54.6% | $170 / Sq Ft |
| 10/09/2020 10/09/20 | Sold | $194,000 | -3.0% | $110 / Sq Ft |
| 09/28/2020 09/28/20 | Pending | -- | -- | -- |
| 09/14/2020 09/14/20 | For Sale | $199,900 | -- | $113 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $305,000 | None Listed On Document | |
| Quit Claim Deed | -- | None Listed On Document | |
| Warranty Deed | $298,900 | -- | |
| Warranty Deed | $194,000 | None Available | |
| Warranty Deed | $160,000 | Midstate Title Company | |
| Warranty Deed | $116,800 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $224,175 | New Conventional | |
| Previous Owner | $128,000 | Purchase Money Mortgage |
Source: Greater Lansing Association of Realtors®
MLS Number: 286346
APN: 02-02-17-427-007
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