NOT LISTED FOR SALE

518 S Pennsylvania Ave Lansing, MI 48912

Estimated Value: $81,000 - $104,000

2 Beds
1 Bath
1,008 Sq Ft
$88/Sq Ft Est. Value

Last Sold June 01, 2023

Last sale price $78,000 $77 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $486/month

514 Days on Market

Highlights

  • Downtown View
  • Wood Flooring
  • Detached Garage
  • Traditional Architecture
  • Corner Lot
  • Enclosed Glass Porch

About This Home

As of June 2023

: Such a nice home with great potential. 518 S. Pennsylvania will also include an additional parcel, 516 S. Pennsylvania. Home is currently two bedrooms but could be converted back to three. There is newer siding and windows on the home and a nice, detached two car garage. The home has been a long term rental with active license, the current tenants are month to month currently and might be willing to stay if purchased as an investment vehicle. Tenants may be in attendance so please wear a mask.

Last Agent to Sell the Property

Jeffrey Kelley

RE/MAX Real Estate Professionals License #6501377659 Listed on: 12/07/2021

RE/MAX Real Estate Professionals

Co-Listed By

Peter MacIntyre

RE/MAX Real Estate Professionals License #6506040989

Last Buyer's Agent

Joseph Vitale

Century 21 Affiliated License #6506045566

Century 21 Affiliated

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,150

Year Built

  • Built in 1907

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 28x118.5
  • Chain Link Fence
  • Corner Lot

Home Design

  • Traditional Architecture
  • Block Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,008 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Living Room
  • Dining Room
  • Downtown Views
  • Fire and Smoke Detector

Kitchen

  • Free-Standing Gas Oven
  • Free-Standing Gas Range
  • Laminate Countertops

Flooring

  • Wood
  • Linoleum
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Michigan Basement
  • Laundry in Basement

Parking

  • Detached Garage
  • Side Facing Garage

Outdoor Features

  • Enclosed Glass Porch

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • 100 Amp Service
  • Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,150

Year Built

Built in 1907

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Dining Room Level: First
  • Living Room Level: First
  • Current Use: Investment
  • Tax Year: 2020
  • Levels: Two
  • Year Built: 1907
  • Lot Size Acres: 0.08
  • Lot Size: 28x118.5
  • Co List Office Mls Id: 894
  • Co List Office Phone: 517-339-8255
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 1008.0
  • Architectural Style: Traditional
  • Living Area: 1008.0
  • General Property Info:Lot Size Dimensions: 28x118.5
  • General Property Info:Above Grade Finished Area: 1008.0
  • General Property Info:Total Livable Area: 1008.0
  • Baths:_pound_Full Baths 2: 1
  • Rooms:Dining Room2: Yes
  • Rooms:Living Room2: Yes
  • Primary Bedroom Level: Second
  • Levels:Two2: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Laundry Features:In Basement: Yes
  • Flooring:Laminate: Yes
  • Foundation Details:Block4: Yes
  • Fencing:Chain Link: Yes
  • Electric:_one_00 Amp Service: Yes
  • Sewer:Public Sewer: Yes
  • Utilities:Cable Available: Yes
  • Utilities:High Speed Internet Available: Yes
  • Roof:Shingle: Yes
  • Security Features:Smoke Detector(s): Yes
  • Exterior:Vinyl Siding: Yes
  • Architectural Style:Traditional: Yes
  • Flooring:Hardwood: Yes
  • Utilities:Phone Available: Yes
  • Cooling:None8: Yes
  • Utilities:Electricity Connected: Yes
  • Laundry Features:Gas Dryer Hookup: Yes
  • Flooring:Linoleum: Yes
  • View:Downtown: Yes
  • General Property Info:Building Area Total SqFt: 1512.0
  • Special Features: None

Interior Features

  • Basement: Full, Michigan
  • Heating: Forced Air, Natural Gas
  • Flooring: Hardwood, Laminate, Linoleum
  • Interior Amenities: Laminate Counters
  • Total Bedrooms: 2
  • Room: 5
  • Property Type: Residential
  • Window Features: Double Pane Windows
  • Full Bathrooms: 1
  • Full Basement: Yes
  • Basement:Michigan: Yes
  • Interior Features:Laminate Counters: Yes
  • Appliances:Free-Standing Gas Oven: Yes
  • Appliances:Free-Standing Gas Range: Yes

Exterior Features

  • Roof: Shingle
  • Fencing: Chain Link
  • Foundation Details: Block
  • Lot Features: Corner Lot
  • RoadFrontageType: City Street
  • RoadSurfaceType: Asphalt
  • Patio And Porch Features: Front Porch, Glass Enclosed, Rear Porch
  • View: Downtown
  • Construction Type: Vinyl Siding
  • Patio Porch Features:Front Porch: Yes
  • Window Features:Double Pane Windows: Yes
  • Patio Porch Features:Rear Porch: Yes
  • Lot Features:Corner Lot: Yes
  • Patio Porch Features:Glass Enclosed: Yes

Garage/Parking

  • Parking Features: Detached, Garage, Garage Faces Side
  • Attached Garage: No
  • Parking Features:Garage2: Yes
  • Parking Features:Garage Faces Side: Yes
  • Parking Features:Detached: Yes

Utilities

  • Sewer: Public Sewer
  • Appliances: Free-Standing Gas Oven, Water Heater, Washer, Refrigerator, Free-Standing Gas Range, Dryer
  • Cooling: None
  • Electric: 100 Amp Service
  • LaundryFeatures: Gas Dryer Hookup, In Basement
  • Utilities: Phone Available, High Speed Internet Available, Electricity Connected, Cable Available
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes
  • Water Heater: Yes

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Sq Ft: 3484.8
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1150.33

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 7, 2021
Closed on
Jun 1, 2023
Sold by
Wilson And Brown Properties Llc
Bought by
Vitale Joseph
Seller's Agent
Jeffrey Kelley
RE/MAX Real Estate Professionals
Buyer's Agent
Joseph Vitale
Century 21 Affiliated
List Price
$104,900
Sold Price
$78,000
Premium/Discount to List
-$26,900
-25.64%
Views
301
Current Estimated Value
$87,561

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,561
Avg. Annual Appreciation
6.04%

Purchase Details

Closed on
Sep 11, 2008
Sold by
Ford Larry J
Bought by
Aikens Cheryl Renee

Purchase Details

Closed on
Aug 7, 2008
Sold by
Ford Cheryl R and Ford Larry
Bought by
Citifinancial Inc

Purchase Details

Closed on
Mar 8, 2005
Sold by
Ford Cheryl R and Burton Cheryl R
Bought by
Ford Larry J and Ford Cheryl R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
6.13%
Mortgage Type
Credit Line Revolving
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
Vitale Joseph $78,000 Diversified National Title
Aikens Cheryl Renee -- None Available
Citifinancial Inc $26,146 None Available
Ford Larry J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wilson & Brown Properties Llc $15,595
Previous Owner Ford Larry J $30,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2023 06/01/23 Sold $78,000 -17.8% $77 / Sq Ft
04/20/2023 04/20/23 Price Changed $94,900 -5.0% $94 / Sq Ft
12/22/2022 12/22/22 Price Changed $99,900 +17.7% $99 / Sq Ft
10/21/2022 10/21/22 Price Changed $84,900 -5.6% $84 / Sq Ft
08/15/2022 08/15/22 Price Changed $89,900 -5.3% $89 / Sq Ft
06/02/2022 06/02/22 Price Changed $94,900 -5.0% $94 / Sq Ft
03/17/2022 03/17/22 Price Changed $99,900 -4.8% $99 / Sq Ft
12/07/2021 12/07/21 For Sale $104,900 -- $104 / 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 $20 $28,200 $2,400 $25,800
2023 $1,295 $23,000 $2,400 $20,600
2022 $257 $20,100 $2,000 $18,100
2021 $1,159 $18,200 $2,400 $15,800
2020 $1,150 $16,400 $2,400 $14,000
2019 $1,108 $15,700 $2,400 $13,300
2018 $1,054 $12,900 $2,400 $10,500
2017 $1,013 $12,900 $2,400 $10,500
2016 $1,001 $12,700 $2,400 $10,300
2015 $1,001 $12,400 $4,830 $7,570
2014 $1,001 $12,600 $5,098 $7,502
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 261572

Greater Lansing Association of Realtors®

APN: 01-01-15-355-101