NOT LISTED FOR SALE

520 W Ionia St Lansing, MI 48933

Downtown Lansing Neighborhood

Estimated Value: $139,000 - $174,000

-- Bed
4 Baths
1,954 Sq Ft
$78/Sq Ft Est. Value

Last Sold November 14, 2022

Last sale price $100,000 $51 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $980/month

9 Days on Market

Highlights

  • Front Porch
  • Forced Air Heating System
  • 3-minute walk to Ferris Park
  • Window Unit Cooling System
  • Wood Siding

About This Home

As of November 2022

Welcome to the beautiful 520 W Ionia St. This Duplex features a One Bedroom, One Bathroom bottom unit and a three bedroom two bathroom upstairs unit. The home is within walking distance from the beautiful downtown Lansing, and Lansing Community College. The Duplex has been beautifully maintained by two longtime tenants. This is an opportunity you do not want to miss!

Last Agent to Sell the Property

Michael Korrey

RE/MAX Real Estate Professionals License #6501440056 Listed on: 10/10/2022

RE/MAX Real Estate Professionals

Co-Listed By

Dominic Lee

RE/MAX RE Professionals Okemos

Last Buyer's Agent

Carol Shaheen

Berkshire Hathaway HomeServices License #6506002454

Berkshire Hathaway HomeServices

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1902

Lot Details

  • 5,271 Sq Ft Lot
  • Lot Dimensions are 40x132

Home Design

  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 1,954 Sq Ft Home
  • 2-Story Property
  • Michigan Basement
  • Fire and Smoke Detector

Parking

  • 4 Parking Spaces
  • Parking Lot

Outdoor Features

  • Front Porch

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Total Actual Rent $1,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1902

Lot Details

0

Listing Details

  • Gross Rent: 1200.0
  • Tax Year: 2021
  • Levels: Two
  • Year Built: 1902
  • Lot Size Acres: 0.12
  • Lot Size: 40x132
  • Co List Office Mls Id: 1103
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 1954.0
  • General Property Info:Lot Size Dimensions: 40x132
  • General Property Info:Above Grade Finished Area: 1954.0
  • Levels:Two2: Yes
  • Sewer:Public Sewer: Yes
  • Cooling:Window Unit(s): Yes
  • Roof:Shingle: Yes
  • Security Features:Smoke Detector(s): Yes
  • Exterior:Wood Siding: Yes
  • Tax Info:Taxes2: 2979.2
  • Tax Info:Zoning3: Residential
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:Building 1 Description: Multi Family
  • General Property Info:_pound_ of Units: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan
  • Heating: Forced Air
  • Property Type: Resid/Multi-Family
  • Basement:Michigan: Yes

Exterior Features

  • Roof: Shingle
  • Patio And Porch Features: Front Porch
  • Construction Type: Wood Siding
  • Patio Porch Features:Front Porch: Yes

Garage/Parking

  • Total Parking Spaces: 4.0
  • Parking Features: Parking Lot
  • Attached Garage: No
  • General Property Info:Parking Total: 4
  • Parking Features:Parking Lot: Yes

Utilities

  • Sewer: Public Sewer
  • Appliances: Gas Water Heater
  • Cooling: Window Unit(s)
  • LaundryFeatures: None
  • SecurityFeatures: Smoke Detector(s)
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Heating:Forced Air: Yes

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Sq Ft: 5270.76
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2022
Closed on
Nov 14, 2022
Sold by
Sherry Peter
Bought by
Tg Brown Investments Llc
Seller's Agent
Michael Korrey
RE/MAX Real Estate Professionals
Buyer's Agent
Carol Shaheen
Berkshire Hathaway HomeServices
List Price
$130,000
Sold Price
$100,000
Premium/Discount to List
-$30,000
-23.08%
Views
27
Current Estimated Value
$152,055

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,055
Avg. Annual Appreciation
16.33%

Purchase Details

Closed on
Apr 6, 2018
Sold by
The Michigan Optometric Association
Bought by
Johnson Matthew H

Purchase Details

Closed on
Jul 25, 1995
Sold by
Butterfield Frank H and Marian Irene
Bought by
Michigan Optometric Association
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Tg Brown Investments Llc $100,000 Diversified National Title
Johnson Matthew H $25,000 None Available
Michigan Optometric Association $95,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/14/2022 11/14/22 Sold $100,000 -23.1% $51 / Sq Ft
10/10/2022 10/10/22 For Sale $130,000 -- $67 / 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 $7,656 $65,200 $4,500 $60,700
2024 $64 $91,600 $26,400 $65,200
2023 $7,458 $93,500 $26,400 $67,100
2022 $3,051 $80,900 $17,200 $63,700
2021 $2,979 $78,600 $17,200 $61,400
2020 $2,960 $78,700 $17,200 $61,500
2019 $6,844 $37,500 $0 $0
2018 $4,229 $66,900 $16,200 $50,700
2017 $4,076 $66,900 $16,200 $50,700
2016 $3,914 $66,500 $16,200 $50,300
2015 $3,914 $62,600 $32,314 $30,286
2014 $3,914 $56,300 $32,314 $23,986
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Michael Korrey

    RE/MAX Michigan

    (517) 899-1604

    1 in this area

    47 Total Sales

    Section Image

  • D

    Seller Co-Listing Agent in 2022

    Dominic Lee

    RE/MAX Michigan

    Section Image
  • Carol Shaheen

    Buyer's Agent in 2022

    Carol Shaheen

    Berkshire Hathaway HomeServices

    (517) 351-3617

    1 in this area

    54 Total Sales

    Section Image
See All Agents

Map

Source: Greater Lansing Association of Realtors®

MLS Number: 269169

Greater Lansing Association of Realtors®

APN: 01-01-16-153-071

Michigan Ingham County Lansing 48933 Downtown Lansing

520 W Ionia St, Lansing, MI

This home is located at 520 W Ionia St, Lansing, MI 48933 since 10 October 2022 and is currently estimated at $152,055, approximately $77 per square foot. This property was built in 1902. 520 W Ionia St is a home located in Ingham County with nearby schools including Riddle Elementary School, Pattengill Academy, and J.W. Sexton 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.
Copyright © 2025 Greater Lansing Association of REALTORS®

Nearby Homes