554 Cornell Ave East Lansing, MI 48823
Estimated Value: $293,897 - $408,000
5
Beds
3
Baths
1,467
Sq Ft
$227/Sq Ft
Est. Value
Highlights
- Cape Cod Architecture
- Deck
- Living Room
- Marble Elementary School Rated A-
- Main Floor Primary Bedroom
- 5-minute walk to Stoddard Park
About This Home
As of September 2018This is a rare opportunity to purchase one home or an entire rental business within walking distance to Michigan State University. Now is your chance to take advantage of this incredible deal to purchase any number of this six house package which includes 539, 544, 554, 625 and 642 Cornell Ave and 616 Charles Street. This particular home is rented until July 31, 2019 at a rent rate of $3400 and currently has a rental license in good standing for 5 unrelated persons. The overall CAP rate for the package is slightly higher than 8%. All properties are within walking distance to campus and downtown East Lansing. These houses have had 100% occupancy since 2011, have been professionally managed, and have received lots of upgrades to roofs, bathrooms and furnaces. These homes would be well suited for a new or existing landlord or standalone as owner occupied. Call or text Rob for more details
Last Agent to Sell the Property
White Pine Sotheby's International Realty License #6506044394 Listed on: 08/06/2018
Last Buyer's Agent
Rob Buffington
Berkshire Hathaway HomeServices License #6506044394
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,195
Year Built
- Built in 1961
Lot Details
- 0.25 Acre Lot
- Lot Dimensions are 80x135
Home Design
- Cape Cod Architecture
- Aluminum Siding
Interior Spaces
- 1,467 Sq Ft Home
- Living Room
- Dining Room
Kitchen
- Range
- Dishwasher
Bedrooms and Bathrooms
- 5 Bedrooms
- Primary Bedroom on Main
- 3 Full Bathrooms
Laundry
- Dryer
- Washer
Basement
- Basement Fills Entire Space Under The House
- Bedroom in Basement
- Crawl Space
Parking
- No Garage
- No Driveway
Outdoor Features
- Deck
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Gas Water Heater
Community Details
- Avondale Subdivision
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 4, 2019
Sold by
Burton Tiffany
Bought by
Burton Tiffany and Heethuis Shawn
Total Days on Market
15
Current Estimated Value
Purchase Details
Listed on
Aug 6, 2018
Closed on
Sep 7, 2018
Sold by
Chilenko Holdings Llc
Bought by
Whph Investments Llc
Seller's Agent
Rob Buffington
White Pine Sotheby's International Realty
Buyer's Agent
Rob Buffington
White Pine Sotheby's International Realty
List Price
$299,000
Sold Price
$299,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.51%
Purchase Details
Closed on
Dec 15, 2015
Sold by
Chilenko Nicholas and Chilenko Stephen J
Bought by
Chilenko Holdings Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,000
Interest Rate
3.92%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Jul 17, 2009
Sold by
Hilbers Gerard H and Hilbers Pamela A
Bought by
Chilenko Nicholas S and Chilenko Stephen J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,049
Interest Rate
5.62%
Mortgage Type
FHA
Purchase Details
Closed on
May 16, 2005
Sold by
Usiak Suellen E
Bought by
Hilbers Gerard H and Hilbers Pamela A
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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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Burton Tiffany | -- | None Available | |
| Whph Investments Llc | $299,000 | Tri Title Agency Llc | |
| Chilenko Holdings Llc | -- | None Available | |
| Chilenko Nicholas S | $190,500 | Tri County Title Agency Llc | |
| Hilbers Gerard H | $169,500 | Mids |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Burton Tiffany | $276,250 | |
| Closed | Burton Tiffany | $302,136 | |
| Previous Owner | Chilenko Holdings Llc | $181,000 | |
| Previous Owner | Chilenko Nicholasq S | $38,000 | |
| Previous Owner | Chilenko Nicholas S | $168,000 | |
| Previous Owner | Chilenko Nicholas S | $187,049 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/07/2018 09/07/18 | Sold | $299,000 | 0.0% | $204 / Sq Ft |
| 08/21/2018 08/21/18 | Pending | -- | -- | -- |
| 08/06/2018 08/06/18 | For Sale | $299,000 | -- | $204 / Sq Ft |
Source: Greater Lansing Association of Realtors®
Tax History Compared to Growth
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 | -- | $143,800 | $32,800 | $111,000 |
| 2023 | $8,623 | $129,400 | $29,000 | $100,400 |
| 2022 | $8,158 | $112,900 | $26,200 | $86,700 |
| 2021 | $8,084 | $109,800 | $23,200 | $86,600 |
| 2020 | $7,991 | $109,800 | $23,800 | $86,000 |
| 2019 | $7,615 | $103,700 | $27,000 | $76,700 |
| 2018 | $7,263 | $100,800 | $25,800 | $75,000 |
| 2017 | $7,007 | $96,400 | $29,200 | $67,200 |
| 2016 | -- | $96,400 | $29,000 | $67,400 |
| 2015 | -- | $89,300 | $56,000 | $33,300 |
| 2014 | -- | $89,300 | $55,600 | $33,700 |
Source: Public Records
Agents Affiliated with this Home
-
Rob Buffington
Seller's Agent in 2018
Rob Buffington
White Pine Sotheby's International Realty
(517) 862-5777
46 in this area
197 Total Sales
Map
Source: Greater Lansing Association of Realtors®
MLS Number: 229219
APN: 20-02-18-217-022
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