562 Virginia Ave East Lansing, MI 48823
Estimated payment $1,932/month
Highlights
- Deck
- Property is near public transit
- Private Yard
- Marble Elementary School Rated A-
- Wood Flooring
- Eat-In Kitchen
About This Home
Prime East Lansing Rental - Steps from MSU
This well-maintained 3-bedroom, 2-bath home is located near Michigan State University, in one of the area's most desirable rental markets. The property features a full finished basement with egress window and a second kitchen, offering flexible living or rental options.
Licensed for three individuals or a family under a Class IV rental license, this home is clean, move-in ready, and ideal for investors seeking a high-demand location with strong rental potential. Recent updates include a newer roof, furnace, hot water heater, central air, and updated sewer line. Highest and Best Offer due Monday 9-15-25.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,927
Year Built
- Built in 1968 | Remodeled
Lot Details
- 5,401 Sq Ft Lot
- Lot Dimensions are 40x135
- Landscaped
- Native Plants
- Many Trees
- Private Yard
- Back and Front Yard
Home Design
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 1-Story Property
- Ceiling Fan
- Living Room
- Dining Room
- Washer and Dryer
Kitchen
- Eat-In Kitchen
- Oven
- Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
Finished Basement
- Basement Fills Entire Space Under The House
- Laundry in Basement
- Basement Window Egress
Parking
- Driveway
- Paved Parking
Outdoor Features
- Deck
Location
- Property is near public transit
- City Lot
Utilities
- Forced Air Heating and Cooling System
- Electric Water Heater
- High Speed Internet
Community Details
- Avondale Subdivision
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $6,379 | $100,400 | $17,700 | $82,700 |
| 2024 | $56 | $96,200 | $16,400 | $79,800 |
| 2023 | $5,986 | $87,700 | $14,500 | $73,200 |
| 2022 | $5,727 | $77,700 | $13,100 | $64,600 |
| 2021 | $5,636 | $75,600 | $11,600 | $64,000 |
| 2020 | $5,744 | $75,600 | $11,900 | $63,700 |
| 2019 | $4,226 | $62,000 | $13,500 | $48,500 |
| 2018 | $4,497 | $60,300 | $12,900 | $47,400 |
| 2017 | $4,338 | $59,600 | $14,600 | $45,000 |
| 2016 | -- | $59,600 | $14,500 | $45,100 |
| 2015 | -- | $55,200 | $28,000 | $27,200 |
| 2014 | -- | $55,200 | $27,800 | $27,400 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/15/2025 08/15/25 | For Sale | $270,000 | +57.9% | $141 / Sq Ft | |
| 04/12/2019 04/12/19 | Sold | $171,000 | -7.6% | $89 / Sq Ft | View Prior Sale |
| 03/11/2019 03/11/19 | For Sale | $185,000 | 0.0% | $96 / Sq Ft | |
| 02/25/2019 02/25/19 | Pending | -- | -- | -- | |
| 02/21/2019 02/21/19 | For Sale | $185,000 | -- | $96 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $171,000 | Transnation Title Agency | |
| Warranty Deed | $141,000 | Tnt | |
| Warranty Deed | $84,750 | -- | |
| Deed | $56,000 | -- | |
| Deed | $136,500 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $126,900 | Purchase Money Mortgage | |
| Previous Owner | $76,250 | Purchase Money Mortgage |
Source: Greater Lansing Association of Realtors®
MLS Number: 290536
APN: 20-02-18-220-024
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Copyright © 2025 Greater Lansing Association of REALTORS®
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