$170,000
SOLD APR 2, 2018

547 Charles St East Lansing, MI 48823

3 Beds
2 Baths
1,322 Sq Ft
4,792 Sq Ft Lot

Recently Sold

$129 Per Sq Ft

10% Below List Price

180 Days on Market

Highlights

  • No HOA
  • Enclosed patio or porch
  • Awning
  • Marble Elementary School Rated A-
  • 3 Car Detached Garage
  • Forced Air Heating System

About This Home

As of April 2018

Great income property close to Michigan State's campus. Leased for the 2017-2018 school year at $1,400 per month, with an expected NOI before debt service of $10,007. House has newer mechanicals (furnace 2016 / water heater 2017). Highly unique 3 car garage, ability to park additional cars in driveway and private, fenced yard. Very close to campus, easy to rent. 3 bedroom home currently licensed for 2 non-related parties. Many updates were done to the house in 2012 inclusive of bathroom updates inclusive of fixtures and tiling and new PEX plumbing (2012). Laundry units stay with home. Great investment for professional investor or parents with children at MSU looking for an investment. No tours without accepted offer. Contact agent for additional details.

Last Agent to Sell the Property

Travis Riley

Worth Clark Realty License #6504389341 Listed on: 08/14/2017

Worth Clark Realty

Last Buyer's Agent

Travis Riley

Worth Clark Realty License #6504389341 Listed on: 08/14/2017

Worth Clark Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1925 | Remodeled in 2012

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 33.30x149.00
  • Fenced

Parking

  • 3 Car Detached Garage

Home Design

  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 1,322 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Awning
  • Living Room with Fireplace
  • Unfinished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Enclosed patio or porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Angells Assr's Plat Of Lt 52 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 33200218117001

Home Details

Home Type

Single Family

Year Built

Built in 1925 | Remodeled in 2012

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architecture Level: 2 Story
  • Year Built: 1925
  • Year Renovated: 2012
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available
  • Fireplace: Yes
  • Fireplace Fuel: Gas
  • Fireplace Locations: Living Room
  • Room Count: 6
  • Total Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Kitchen Appliances: Dryer, Refrigerator, Range/Stove, Washer
  • Sq Ft Combined: 1322
  • Total Sq Ft: 1322
  • Sq Ft Total Bsmt: 750

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Wood
  • Exterior Features: Awning/Overhang(s), Fenced
  • Foundation Materials: Block
  • Frontage Feet: 33
  • Porch Type: Porch - Covered, Porch - Enclosed
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: 3 Car
  • Garage Features: Detached
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Water at Street
  • Laundry Facilities: No

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: East Lansing

Lot Info

  • List Price per Acre: 1635454.5455
  • Lot Size Area: 0.11
  • Lot Dimensions: 33.30X149.00
  • Parcel Number: 33200218117001

Tax Info

  • Tax Amount Summer: 4189.0000
  • Tax Amount Winter: 449.0000
  • Total Tax: 4638.0000

MLS Schools

  • School District: East Lansing

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2017
Closed on
Mar 30, 2018
Sold by
Lightbody Adam and Lightbody Adam B
Bought by
Hilton Russell
Seller's Agent
Travis Riley
Worth Clark Realty
Buyer's Agent
Travis Riley
Travis Riley
List Price
$189,900
Sold Price
$170,000
Premium/Discount to List
-$19,900
-10.48%
Current Estimated Value
$274,145

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$104,145
Avg. Annual Appreciation
5.84%
Original Mortgage
$136,000
Outstanding Balance
$118,176
Interest Rate
4.43%
Mortgage Type
New Conventional
Estimated Equity
$139,914

Purchase Details

Listed on
Mar 29, 2012
Closed on
Jul 13, 2012
Sold by
Donovan Shaun
Bought by
Lightbody Adam
Seller's Agent
James Munk
RE/MAX Real Estate Professionals
Buyer's Agent
Remarks See
Outside Realtor
List Price
$91,000
Sold Price
$91,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.57%
Original Mortgage
$69,600
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 29, 2011
Sold by
Flagstar Bank Fsb
Bought by
The Secretary Of Housing & Urban Develop

Purchase Details

Closed on
Feb 17, 2011
Sold by
Fedrigo Rebecca and Deluca Almerinda M
Bought by
Flagstar Bank Fsb

Purchase Details

Closed on
Jul 21, 2006
Sold by
Weckesser William C and Weckesser Diane M
Bought by
Fedrigo Rebecca and Deluca Almerinda M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,648
Interest Rate
6.73%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 27, 2004
Sold by
Hoppe Ursula J
Bought by
Weckesser William C and Weckesser Diane M

Purchase Details

Closed on
Jul 23, 1998
Sold by
Cruse Robert W
Bought by
Hoppe Ursula J

Purchase Details

Closed on
Dec 1, 1995

Purchase Details

Closed on
Mar 1, 1995
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $170,000 None Available
Deed $91,000 Ata
Warranty Deed -- None Available
Sheriffs Deed $172,687 None Available
Warranty Deed $167,000 Century Title
Warranty Deed $127,500 Fatic
Deed $105,000 --
Deed $85,000 --
Deed $80,800 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $136,000 New Conventional
Previous Owner $69,600 New Conventional
Previous Owner $165,648 FHA
Previous Owner $34,000 Stand Alone Second
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/02/2018 04/02/18 Sold $170,000 -5.5% $129 / Sq Ft
02/10/2018 02/10/18 Pending -- -- --
11/30/2017 11/30/17 Price Changed $179,900 -2.7% $136 / Sq Ft
10/24/2017 10/24/17 Price Changed $184,900 -2.6% $140 / Sq Ft
08/14/2017 08/14/17 For Sale $189,900 +108.7% $144 / Sq Ft
07/17/2012 07/17/12 Sold $91,000 0.0% $72 / Sq Ft
04/09/2012 04/09/12 Pending -- -- --
03/29/2012 03/29/12 For Sale $91,000 -- $72 / Sq Ft
Source: Realcomp

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 -- $103,400 $14,300 $89,100
2023 $5,888 $88,300 $12,700 $75,600
2022 $5,633 $83,900 $11,500 $72,400
2021 $5,516 $80,700 $11,300 $69,400
2020 $5,451 $77,100 $11,300 $65,800
2019 $5,288 $71,600 $11,800 $59,800
2018 $4,964 $72,500 $11,300 $61,200
2017 $5,231 $70,600 $12,800 $57,800
2016 -- $66,600 $12,700 $53,900
2015 -- $63,300 $25,000 $38,300
2014 -- $59,600 $24,900 $34,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 217072839

Realcomp

APN: 20-02-18-117-001