557 Virginia Ave East Lansing, MI 48823
3
Beds
2
Baths
1,416
Sq Ft
5,227
Sq Ft Lot
Highlights
- Deck
- Ranch Style House
- Den
- Marble Elementary School Rated A-
- Wood Flooring
- Eat-In Kitchen
About This Home
As of July 2024Cute 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
RE/MAX Real Estate Professionals License #6506038563 Listed on: 07/02/2024
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
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%
Total Days on Market
18
Views
4
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,983
Avg. Annual Appreciation
9.12%
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
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $190,000 | Greater Lansing Title | |
| Warranty Deed | $130,000 | Tri Title Agency Llc | |
| Warranty Deed | $111,000 | Midstate Title Company | |
| Deed | $50,900 | -- | |
| Deed | $34,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $104,000 | New Conventional | |
| Previous Owner | $89,600 | Unknown | |
| Previous Owner | $88,800 | Purchase Money Mortgage |
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
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
-
HBB Realtors HBB Realtors
H
Seller's Agent in 2024
HBB Realtors HBB Realtors
RE/MAX Michigan
(517) 441-3888
110 in this area
394 Total Sales
-
Martha Bashore
M
Seller Co-Listing Agent in 2024
Martha Bashore
RE/MAX Michigan
(517) 281-6461
1 in this area
7 Total Sales
-
Sonya Pentecost
Buyer's Agent in 2024
Sonya Pentecost
Berkshire Hathaway HomeServices
(517) 351-3617
29 in this area
123 Total Sales
Map
Source: Greater Lansing Association of Realtors®
MLS Number: 281417
APN: 20-02-18-219-004
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