NOT LISTED FOR SALE

557 Virginia Ave East Lansing, MI 48823

Estimated Value: $194,000 - $236,361

3 Beds
2 Baths
1,416 Sq Ft
$146/Sq Ft Est. Value

Last Sold July 15, 2024

Last sale price $190,000 $134 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $1,599/month

18 Days on Market

Highlights

  • Deck
  • Ranch Style House
  • Den
  • Marble Elementary School Rated A-
  • Wood Flooring
  • Eat-In Kitchen

About This Home

As of July 2024

Cute ranch with over 1400 finished square feet in popular student area. LICENSED FOR A FAMILY OR 3 UNRELATED (Class IV). Tenants pay $1950 / month and all utilities. Leased through July 26, 2025. Very easy to rent. Current license renews 11/28/24. 3 bedrooms plus rec room and TV room, 2 full baths, washer and dryer in basement. Water heater replaced 2015, roof 2011, new sewer line and cleanout 2017. Furnace is inspected bi-annually. Large back yard and deck, parking for 4 cars. Hardwood floors and dry basement. Great buy!

Last Agent to Sell the Property

HBB Realtors HBB Realtors

RE/MAX Real Estate Professionals License #6506038563 Listed on: 07/02/2024

RE/MAX Real Estate Professionals

Co-Listed By

Martha Bashore

RE/MAX Real Estate Professionals License #6506038564

Last Buyer's Agent

Sonya Pentecost

Berkshire Hathaway HomeServices License #6506045423

Berkshire Hathaway HomeServices

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1961

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 40x135

Home Design

  • Ranch Style House
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • Dry Bar
  • Ceiling Fan
  • Family Room
  • Living Room
  • Dining Room
  • Den

Kitchen

  • Eat-In Kitchen
  • Electric Cooktop
  • Disposal

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Bedroom in Basement
  • Laundry in Basement
  • Basement Window Egress

Parking

  • Private Parking
  • Tandem Parking
  • Driveway

Outdoor Features

  • Deck

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • 100 Amp Service
  • Cable TV Available

Community Details

  • Avondale Subdivision

Home Details

Home Type

Single Family

Year Built

Built in 1961

Lot Details

0

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: 2023
  • Levels: One
  • Year Built: 1961
  • Lot Size Acres: 0.12
  • Lot Size: 40x135
  • Co List Office Mls Id: 894
  • Co List Office Phone: 517-339-8255
  • Subdivision Name: Avondale
  • Above Grade Finished Sq Ft: 936.0
  • Architectural Style: Ranch
  • Living Area: 1416.0
  • General Property Info:Lot Size Dimensions: 40x135
  • General Property Info:Above Grade Finished Area: 936.0
  • General Property Info:Total Livable Area: 1416.0
  • Baths:_pound_Full Baths 1: 1
  • Baths:_pound_Full Baths B: 1
  • Rooms:Dining Room2: Yes
  • Rooms:Living Room2: Yes
  • Primary Bedroom Level: First
  • Location Legal Info:Real Estate Owned: No
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Rooms:Family Room2: Yes
  • Laundry Features:In Basement: Yes
  • Electric:_one_00 Amp Service: Yes
  • Sewer:Public Sewer: Yes
  • Utilities:Cable Available: Yes
  • Roof:Shingle: Yes
  • Levels:One: Yes
  • Architectural Style:Ranch: Yes
  • Exterior:Wood Siding: Yes
  • Flooring:Vinyl2: Yes
  • Flooring:Hardwood: Yes
  • Cooling:None8: Yes
  • Rooms:Den2: Yes
  • Tax Info:Zoning3: Residential
  • General Property Info:Building Area Total SqFt: 1872.0
  • Special Features: None

Interior Features

  • Basement: Egress Windows, Full, Partially Finished
  • Heating: Forced Air, Natural Gas
  • Flooring: Hardwood, Vinyl
  • Interior Amenities: Ceiling Fan(s), Dry Bar, Eat-in Kitchen
  • Total Bedrooms: 3
  • Room: 5
  • Property Type: Residential
  • Bedroom 3 Level: Basement
  • Den Level: First
  • Family Room Level: Basement
  • Full Bathrooms: 2
  • Below Grade Sq Ft: 480.0
  • Fireplace Features: None
  • Fireplace: No
  • Full Basement: Yes
  • Fireplace Features:None4: Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Basement:Partially Finished: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Basement:Egress Windows: Yes
  • Interior Features:Dry Bar: Yes
  • Appliances:Electric Cooktop: Yes

Exterior Features

  • Roof: Shingle
  • RoadSurfaceType: Concrete
  • Patio And Porch Features: Deck
  • Home Warranty: No
  • Construction Type: Wood Siding
  • Patio Porch Features:Deck: Yes

Garage/Parking

  • Parking Features: Driveway, Private, Tandem
  • Attached Garage: No
  • Parking Features:Private6: Yes
  • Parking Features:Driveway: Yes
  • Parking Features:Tandem: Yes
  • Parking Features:Concrete6: Yes

Utilities

  • Sewer: Public Sewer
  • Appliances: Disposal, Electric Cooktop, Electric Range, Washer, Refrigerator, Dryer
  • Cooling: None
  • Electric: 100 Amp Service
  • LaundryFeatures: In Basement
  • Utilities: Cable Available
  • 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: 5227.2
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Carrier Route: 3630
  • Tax Annual Amount: 5473.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2024
Closed on
Jul 15, 2024
Sold by
Sung Andrew
Bought by
Lovett Karl H and Lovett Linda Ls
Seller's Agent
HBB Realtors HBB Realtors
RE/MAX Real Estate Professionals
Buyer's Agent
Sonya Pentecost
Berkshire Hathaway HomeServices
List Price
$219,900
Sold Price
$190,000
Premium/Discount to List
-$29,900
-13.6%
Views
4
Current Estimated Value
$207,090

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,090
Avg. Annual Appreciation
8.99%

Purchase Details

Closed on
May 22, 2015
Sold by
Zand Ali R
Bought by
Sung Andrew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 10, 2001
Sold by
Makimaa Larry J and Lynne Makimaa M
Bought by
Zand Ali R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,800
Interest Rate
7.28%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 1, 1989

Purchase Details

Closed on
Jul 1, 1978
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 Buyer Sale Price Title Company
Lovett Karl H $190,000 Greater Lansing Title
Sung Andrew $130,000 Tri Title Agency Llc
Zand Ali R $111,000 Midstate Title Company
-- $50,900 --
-- $34,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sung Andrew $104,000
Previous Owner Zand Ali $89,600
Previous Owner Zand Ali R $88,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2024 07/15/24 Sold $190,000 -13.6% $134 / Sq Ft
07/02/2024 07/02/24 Pending -- -- --
06/14/2024 06/14/24 For Sale $219,900 -- $155 / 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 -- $96,200 $16,400 $79,800
2023 $5,473 $87,700 $14,500 $73,200
2022 $5,236 $77,700 $13,100 $64,600
2021 $5,127 $75,600 $11,600 $64,000
2020 $5,068 $75,600 $11,900 $63,700
2019 $4,888 $66,900 $13,500 $53,400
2018 $5,202 $65,000 $12,900 $52,100
2017 $5,068 $64,300 $14,600 $49,700
2016 -- $64,300 $14,500 $49,800
2015 -- $59,600 $28,000 $31,600
2014 -- $59,600 $27,800 $31,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 281417

Greater Lansing Association of Realtors®

APN: 20-02-18-219-004