NOT LISTED FOR SALE

5226 E Lake Park East Lansing, MI 48823

Estimated Value: $333,000 - $375,449

2 Beds
1.5 Baths
2,000 Sq Ft
$182/Sq Ft Est. Value

Last Sold December 27, 2013

Last sale price $175,000 $88 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $2,477/month

Highlights

  • 0.87 Acre Lot
  • Ranch Style House
  • Covered Patio or Porch
  • Bennett Woods Elementary School Rated A
  • 3 Fireplaces
  • Formal Dining Room

About This Home

As of December 2013

Welcome to 5226 Park Lake located in East Lansing with Okemos School. This 2,000 sq. ft. brick Ranch home with 3 car garage was almost been completely updated in the 10 years. The butternut wood living room with 1 of the 3 gas fireplaces overlooks the spacious front yard. The second bedroom has cherry wood. The third bedroom is non-conforming, no egress window. There is an open seating area in the enclosed four season porch that overlooks the back wooded setting. Large master suite has additional vanity area and dual closets. Large family/recreation room in the lower level with the potential of 2 more bedrooms. neat and clean home on .87 acres located close to MSU, East Lansing, and Meridian Mall. Driveway is off of Heather Circle. Improvements w/i last 10 years roof, eaves and gutters; ga s furnace, air conditioning add ducts added (previously a boiler); windows; interior, exterior and garage doors; electrical upgraded to 150 amp; full and half baths were updated; water and sewer connection to the street, galvanized stand pipe has been changed to pvc pipe, and drywall in basement. Kitchen was updated in 2004. The electric stove, dishwasher, microwave, electric washer and dryer to remain with buyers. Cabinetry in basement and laundry room will remain with buyers.

Last Agent to Sell the Property

Mary Ellen Cole

Coldwell Banker Professionals-E.L. License #6501186641 Listed on: 11/18/2013

Coldwell Banker Professionals-E.L.

Last Buyer's Agent

James Kost

Coldwell Banker Professionals-E.L. License #6502353412

Coldwell Banker Professionals-E.L.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,100

Year Built

  • Built in 1955

Lot Details

  • 0.87 Acre Lot
  • Lot Dimensions are 190x200

Parking

  • 3 Car Attached Garage

Home Design

  • Ranch Style House
  • Brick Exterior Construction

Interior Spaces

  • 2,000 Sq Ft Home
  • 3 Fireplaces
  • Gas Fireplace
  • Living Room
  • Formal Dining Room
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven
  • Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Electric Water Heater

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,100

Year Built

Built in 1955

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Dining Room Level: First
  • Living Room Level: First
  • Tax Year: 13
  • Levels: One
  • Parking Features Garage Spaces: 3.0
  • Year Built: 1955
  • Lot Size Acres: 0.87
  • Lot Size: 190X200
  • Above Grade Finished Sq Ft: 2000.0
  • Architectural Style: Ranch
  • Living Area: 2000.0
  • General Property Info:Lot Size Dimensions: 190X200
  • General Property Info:Above Grade Finished Area: 2000.0
  • General Property Info:Total Livable Area: 2000.0
  • Baths:_pound_Full Baths 1: 1
  • Baths:_pound_Half Baths 1: 1
  • Rooms:Dining Room2: Yes
  • Rooms:Living Room2: Yes
  • Primary Bedroom Level: First
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Sewer:Public Sewer: Yes
  • Levels:One: Yes
  • Cooling:Central Air: Yes
  • General Property Info:ECO Friendly Features: No
  • Improvements:Formal Dining Room: Yes
  • Architectural Style:Ranch: Yes
  • Exterior:Brick: Yes
  • General Property Info:Building Area Total SqFt: 4000.0
  • Fireplace Features:Gas5: Yes
  • Special Features: VirtualTour

Interior Features

  • Basement: Full, Partially Finished
  • Heating: Forced Air, Natural Gas
  • Total Bedrooms: 2
  • Room: 9
  • Property Type: Residential
  • Other Level: First
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Fireplaces: 3
  • Fireplace: Yes
  • Full Basement: Yes
  • Appliances Range: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Oven: Yes
  • Basement:Partially Finished: Yes
  • Appliances:Electric Water Heater: Yes

Exterior Features

  • Patio And Porch Features: Covered, Patio
  • Home Warranty: No
  • Construction Type: Brick
  • Patio Porch Features:Covered: Yes
  • Patio Porch Features:Patio: Yes

Garage/Parking

  • Parking Features: Attached
  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Parking Features:Attached: Yes

Utilities

  • Sewer: Public Sewer
  • Appliances: Disposal, Washer, Refrigerator, Range, Oven, Electric Water Heater, Dryer, Dishwasher
  • Cooling: Central Air
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Schools

  • Junior High Dist: Okemos

Lot Info

  • Lot Size Sq Ft: 37897.2
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4100.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 11, 2016
Sold by
Bartow James M
Bought by
Luca Erik and Ladd Ashlie L
Current Estimated Value
$363,112

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,837
Outstanding Balance
$142,658
Interest Rate
3.97%
Mortgage Type
New Conventional
Estimated Equity
$220,454

Purchase Details

Listed on
Nov 18, 2013
Closed on
Dec 27, 2013
Sold by
Burch Randall L and Burch Leann S
Bought by
Bartow James M
Seller's Agent
Mary Ellen Cole
Coldwell Banker Professionals-E.L.
Buyer's Agent
James Kost
Coldwell Banker Professionals-E.L.
List Price
$174,900
Sold Price
$175,000
Premium/Discount to List
$100
0.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.39%

Purchase Details

Closed on
Oct 10, 2002
Sold by
Vanvliet Harriet
Bought by
Burch Randall L and Burch Leann S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.18%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Luca Erik $188,250 None Available
Bartow James M $175,000 Transnation Title Agency
Burch Randall L $150,000 Midstate Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Luca Erik $178,837
Previous Owner Burch Randall L $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/27/2013 12/27/13 Sold $175,000 +0.1% $88 / Sq Ft
12/11/2013 12/11/13 Pending -- -- --
11/18/2013 11/18/13 For Sale $174,900 -- $87 / 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 $6,528 $200,300 $41,100 $159,200
2024 $6,065 $187,300 $39,200 $148,100
2023 $6,065 $152,200 $37,200 $115,000
2022 $5,856 $133,100 $31,900 $101,200
2021 $5,742 $124,800 $28,800 $96,000
2020 $5,585 $117,400 $28,800 $88,600
2019 $5,450 $110,600 $31,100 $79,500
2018 $5,174 $102,800 $31,900 $70,900
2017 $4,924 $100,000 $32,300 $67,700
2016 $2,874 $95,200 $30,300 $64,900
2015 $2,874 $89,300 $56,055 $33,245
2014 $2,874 $90,700 $48,376 $42,324
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 54005

Greater Lansing Association of Realtors®

APN: 02-02-17-427-001