$340,000
SOLD DEC 30, 2024

551 Lexington Ave East Lansing, MI 48823

6 Beds
2 Baths
912 Sq Ft
8,276 Sq Ft Lot

Recently Sold

$373 Per Sq Ft

13 Days on Market

Highlights

  • Porch
  • Forced Air Heating System
  • Laundry Facilities
  • Marble Elementary School Rated A-

About This Home

As of December 2024

Situated just minutes from downtown East Lansing/MSU campus, this well-maintained duplex offers an unbeatable location with excellent potential. Whether you're looking to live in one side and rent out the other, or expand your investment portfolio, this property checks all the boxes! 3 bedrooms are currently rented, 3 are still currently available. Newer kitchen installed in lower level. Schedule your own private showing today!

Last Agent to Sell the Property

Mariah Grumblatt

KW Domain License #6501420964 Listed on: 11/08/2024

KW Domain

Last Buyer's Agent

Unidentified Agent

Unidentified Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 60x135

Home Design

  • Duplex
  • Poured Concrete
  • Asphalt Roof
  • Shingle Siding

Interior Spaces

  • 2 Full Bathrooms
  • 912 Sq Ft Home
  • 2-Story Property
  • Finished Basement
  • Natural lighting in basement

Parking

  • 6 Parking Spaces
  • Paved Parking

Outdoor Features

  • Exterior Lighting
  • Porch

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 33200218220007

Community Details

Pet Policy

  • Call for details about the types of pets allowed

Additional Features

  • 2 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 2 Story
  • Year Built: 1963
  • State Equalized Value: 133900.0000
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Laundry Facility
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Daylight, Finished, Walk-Out Access
  • Sq Ft Combined: 1824
  • Sq Ft Lower Floor: 912
  • Total Sq Ft: 912
  • Sq Ft Total Bsmt: 912

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Wood, Shingle Siding
  • Exterior Features: Lighting
  • Foundation Materials: Poured
  • Frontage Feet: 60
  • Porch Type: Porch
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: Paved
  • Total Parking Spaces: 6

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Window Unit(s)
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)
  • Laundry Facilities: Yes

Schools

  • School District: East Lansing

Lot Info

  • Lot Size Area: 0.19
  • Lot Dimensions: 60x135
  • Parcel Number: 33200218220007
  • Zone Conform: Yes
  • Zoning: Multi-Family
  • Percent Homestead Exempt: Yes

Rental Info

  • Legal Rental Certified: Yes
  • Monthly Rental Income: 4800

Tax Info

  • Tax Amount Summer: 7496.0000
  • Tax Amount Winter: 1112.0000
  • Total Tax: 8608.0000
  • Taxable Value: 133900.0000

Multi Family

  • Gross Scheduled Income: 57600.00
  • Number Of Units Total: 2
  • Number of Three Bedroom Units: 2
  • Number Of Units Leased: 2

MLS Schools

  • School District: East Lansing

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2024
Closed on
Dec 30, 2024
Sold by
Cotter Thomas
Bought by
Patten Elliott James Donald
Seller's Agent
Mariah Grumblatt
KW Domain
Buyer's Agent
Unidentified Agent
Unidentified Office
List Price
$340,000
Sold Price
$340,000
Views
34

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.83%
Original Mortgage
$237,999
Outstanding Balance
$237,388
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$101,031

Purchase Details

Listed on
Sep 27, 2022
Closed on
Nov 16, 2022
Sold by
Wells Investment Properties Inc Llc
Bought by
Cotter Thomas
Seller's Agent
Lynne VanDeventer
Coldwell Banker Professionals -Okemos
Buyer's Agent
Non Member
Non Member Office
List Price
$330,000
Sold Price
$310,000
Premium/Discount to List
-$20,000
-6.06%
Views
39

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.45%

Purchase Details

Closed on
Mar 1, 1987

Purchase Details

Closed on
Dec 1, 1984
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 Type Sale Price Title Company
Warranty Deed $340,000 None Listed On Document
Warranty Deed $310,000 --
Deed $59,000 --
Deed $42,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $237,999 New Conventional
Previous Owner $2,000,000 Credit Line Revolving
Previous Owner $2,061,500 Future Advance Clause Open End Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2025 07/11/25 Price Changed $800 0.0% $0 / Sq Ft
07/11/2025 07/11/25 For Rent $800 +23.1% --
05/18/2025 05/18/25 Off Market $650 -- --
04/14/2025 04/14/25 For Rent $650 0.0% --
12/30/2024 12/30/24 Sold $340,000 0.0% $373 / Sq Ft
11/21/2024 11/21/24 Pending -- -- --
11/08/2024 11/08/24 For Sale $340,000 +9.7% $373 / Sq Ft
11/17/2022 11/17/22 Sold $310,000 -6.1% $170 / Sq Ft
11/16/2022 11/16/22 Pending -- -- --
09/27/2022 09/27/22 For Sale $330,000 -- $181 / 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 $79 $148,800 $24,600 $124,200
2023 $8,608 $133,900 $21,800 $112,100
2022 $4,921 $116,600 $19,700 $96,900
2021 $5,430 $113,400 $17,400 $96,000
2020 $5,367 $113,400 $17,900 $95,500
2019 $5,176 $119,200 $20,300 $98,900
2018 $5,509 $115,700 $19,400 $96,300
2017 $5,314 $114,400 $21,900 $92,500
2016 -- $114,400 $21,800 $92,600
2015 -- $105,800 $42,000 $63,800
2014 -- $105,800 $41,700 $64,100
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2024

    Mariah Grumblatt

    KW Domain

  • U

    Buyer's Agent in 2024

    Unidentified Agent

    Unidentified Office

  • L

    Seller's Agent in 2022

    Lynne VanDeventer

    Coldwell Banker Professionals -Okemos

  • N

    Buyer's Agent in 2022

    Non Member

    Non Member Office

See All Agents

Map

Source: Realcomp

MLS Number: 20240084298

Realcomp

APN: 20-02-18-220-007

Michigan Ingham County East Lansing 48823

551 Lexington Ave, East Lansing, MI

This home is located at 551 Lexington Ave, East Lansing, MI 48823 and is currently priced at $340,000, approximately $372 per square foot. This property was built in 1963. 551 Lexington Ave is a home located in Ingham County with nearby schools including Marble Elementary School, MacDonald Middle School, and East Lansing 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.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
Copyright 2025 Realcomp II Ltd. Shareholders
IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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