NOT LISTED FOR SALE

539 Cornell Ave East Lansing, MI 48823

Estimated Value: $180,427 - $205,000

2 Beds
1 Bath
768 Sq Ft
$249/Sq Ft Est. Value

Last Sold March 22, 2022

Last sale price $155,000 $202 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $1,019/month

6 Days on Market

Highlights

  • Deck
  • Ranch Style House
  • Living Room
  • Marble Elementary School Rated A-
  • Wood Flooring
  • 4-minute walk to Stoddard Park

About This Home

As of March 2022

Tremendous investment opportunity by MSU campus. $1450/month licensed for 2 rental and rented out for the 2022-2023 school year as well. Updates from the current owners include newer appliances, recently repainted walls, and completely renovated main bathroom. Schedule your showing before this home flies off the market....24 hour notice is required.

Last Agent to Sell the Property

Troy Seyfert

RE/MAX Real Estate Professionals License #6506047827 Listed on: 02/28/2022

RE/MAX Real Estate Professionals

Last Buyer's Agent

Wendy Day

Non Member Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,579

Year Built

  • Built in 1952

Lot Details

  • 5,401 Sq Ft Lot
  • Lot Dimensions are 40x135
  • Fenced

Parking

  • 1 Car Garage
  • Gravel Driveway

Home Design

  • Ranch Style House
  • Vinyl Siding

Interior Spaces

  • 768 Sq Ft Home
  • Living Room
  • Dining Room
  • Wood Flooring
  • Crawl Space
  • Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Deck

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • Avondale Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,579

Year Built

Built in 1952

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Bedroom 2 Level: First
  • Dining Room Level: First
  • Living Room Level: First
  • Current Use: Rental, Investment
  • Tax Year: 2021
  • Levels: One
  • Parking Features Garage Spaces: 1.0
  • Year Built: 1952
  • Lot Size Acres: 0.12
  • Lot Size: 40x135
  • Subdivision Name: Avondale
  • Above Grade Finished Sq Ft: 768.0
  • Architectural Style: Ranch
  • Living Area: 768.0
  • General Property Info:Lot Size Dimensions: 40x135
  • General Property Info:Above Grade Finished Area: 768.0
  • General Property Info:Total Livable Area: 768.0
  • Baths:_pound_Full Baths 1: 1
  • Rooms:Dining Room2: Yes
  • Rooms:Living Room2: Yes
  • Primary Bedroom Level: First
  • Laundry Features:Main Level: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Sewer:Public Sewer: Yes
  • Levels:One: Yes
  • Exterior:Vinyl Siding: Yes
  • Architectural Style:Ranch: Yes
  • Fencing:Fenced: Yes
  • Flooring:Hardwood: Yes
  • Cooling:None8: Yes
  • Tax Info:Zoning3: Residential
  • General Property Info:Building Area Total SqFt: 768.0
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Heating: Forced Air, Natural Gas
  • Flooring: Hardwood
  • Total Bedrooms: 2
  • Room: 5
  • Property Type: Residential
  • Full Bathrooms: 1
  • Appliances:Gas Water Heater: Yes
  • Appliances Range: Yes
  • Basement:Crawl Space: Yes

Exterior Features

  • Fencing: Fenced
  • Patio And Porch Features: Deck
  • Home Warranty: No
  • Construction Type: Vinyl Siding
  • Patio Porch Features:Deck: Yes

Garage/Parking

  • Parking Features: Garage, Gravel
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features:Gravel2: Yes
  • Parking Features:Garage2: Yes

Utilities

  • Sewer: Public Sewer
  • Appliances: Gas Water Heater, Washer, Refrigerator, Range, Dryer
  • Cooling: None
  • LaundryFeatures: Main Level
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Schools

  • Junior High Dist: East Lansing

Lot Info

  • Lot Size Sq Ft: 5401.44
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3578.69

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2022
Closed on
Mar 22, 2022
Sold by
Parlic Properties Llc
Bought by
Oler Family Trust
Seller's Agent
Troy Seyfert
RE/MAX Real Estate Professionals
Buyer's Agent
Wendy Day
Non Member Office
List Price
$150,000
Sold Price
$155,000
Premium/Discount to List
$5,000
3.33%
Total Days on Market
6
Current Estimated Value
$191,357

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,357
Avg. Annual Appreciation
6.02%

Purchase Details

Closed on
Mar 18, 2021
Sold by
Parent Scott D and Bulick David V
Bought by
Parlic Properties Llc

Purchase Details

Listed on
Oct 1, 2018
Closed on
Nov 20, 2018
Sold by
Elm Holdings Company Llc
Bought by
Parent Scott D and Bulick David V
Seller's Agent
Rob Buffington
White Pine Sotheby's International Realty
Buyer's Agent
Rob Buffington
White Pine Sotheby's International Realty
List Price
$119,000
Sold Price
$90,818
Premium/Discount to List
-$28,182
-23.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.67%
Original Mortgage
$72,000
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 16, 2012
Closed on
Mar 14, 2012
Sold by
Burgol Hisham Y and Burgol Shelli
Bought by
Elm Holding Company Llc
Seller's Agent
Steve Osmar
RE/MAX Real Estate Professionals, Inc. West
Buyer's Agent
Rob Buffington
White Pine Sotheby's International Realty
List Price
$90,000
Sold Price
$90,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.14%
Original Mortgage
$67,500
Interest Rate
3.9%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 10, 2009
Sold by
Burgol Hisham Y and Burgol Shelli
Bought by
Burgol Hisham Y and Burgol Kheiro Corey Hisham

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,500
Interest Rate
5.32%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 8, 2009
Sold by
Hates Robert C and Hayes Maria F
Bought by
Burgol Hisham Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,500
Interest Rate
5.32%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 24, 2006
Sold by
Hellum Michael D and Hellum Kathleen J
Bought by
Hayes Robert C and Hayes Maria F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,800
Interest Rate
6.78%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 14, 2003
Sold by
Wallace Kelby
Bought by
Hellum Michael D and Hellum Kathleen J

Purchase Details

Closed on
May 6, 1998
Sold by
Tansey Sheila Lynn
Bought by
Wallace Kelby

Purchase Details

Closed on
Oct 1, 1987
Source: Public Records

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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
Oler Family Trust $155,000 Diversified National Title
Parlic Properties Llc -- None Available
Parent Scott D $90,818 Tri Title Agency Llc
Elm Holding Company Llc $90,000 Midstate Title Agency Llc
Burgol Hisham Y -- Tri County Title Agency Llc
Burgol Hisham Y $90,000 Tri County Title Agency Llc
Hayes Robert C $101,000 Cislo Title
Hellum Michael D $96,000 Multiple
Wallace Kelby $69,200 --
-- $37,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Parent Scott D $72,000
Previous Owner Elm Holding Co Llc $390,000
Previous Owner Elm Holding Company Llc $67,500
Previous Owner Burgol Hisham Y $67,500
Previous Owner Hayes Robert C $80,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2022 03/22/22 Sold $155,000 +3.3% $202 / Sq Ft
03/06/2022 03/06/22 Pending -- -- --
02/28/2022 02/28/22 For Sale $150,000 +65.2% $195 / Sq Ft
11/20/2018 11/20/18 Sold $90,818 -23.7% $118 / Sq Ft
10/23/2018 10/23/18 Pending -- -- --
10/01/2018 10/01/18 For Sale $119,000 0.0% $155 / Sq Ft
08/21/2018 08/21/18 Pending -- -- --
08/03/2018 08/03/18 For Sale $119,000 +32.2% $155 / Sq Ft
03/14/2012 03/14/12 Sold $90,000 0.0% $117 / Sq Ft
03/14/2012 03/14/12 Pending -- -- --
03/14/2012 03/14/12 For Sale $90,000 -- $117 / 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 $38 $59,700 $16,400 $43,300
2023 $4,036 $55,000 $14,500 $40,500
2022 $3,634 $49,300 $13,100 $36,200
2021 $3,579 $48,000 $11,600 $36,400
2020 $3,586 $48,000 $11,900 $36,100
2019 $4,171 $56,800 $13,500 $43,300
2018 $4,096 $55,100 $12,900 $42,200
2017 $3,952 $54,500 $14,600 $39,900
2016 -- $54,500 $14,500 $40,000
2015 -- $50,400 $28,000 $22,400
2014 -- $50,400 $27,800 $22,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 262992

Greater Lansing Association of Realtors®

APN: 20-02-18-216-009