NOT LISTED FOR SALE

628 Wayland Ave East Lansing, MI 48823

Estimated Value: $298,000 - $350,000

6 Beds
2 Baths
1,620 Sq Ft
$201/Sq Ft Est. Value

Last Sold August 31, 2018

Last sale price $232,000 $143 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $1,803/month

320 Days on Market

Highlights

  • Ranch Style House
  • Covered patio or porch
  • Fenced
  • Marble Elementary School Rated A-
  • Forced Air Heating System
  • 1-minute walk to Hidden River Park

About This Home

As of August 2018

This multi-family property is licensed for six. Both units are rented through the summer of 2018. There are new appliances in unit 1, and newer furnaces in both units. A dividing fence separates the shared backyard. The location is great, with walking distance to East Lansing Schools, MSU campus, and downtown East Lansing, shopping, and restaurants. It is an East Lansing address with lower Meridian Township taxes.

Last Agent to Sell the Property

Rob Buffington

White Pine Sotheby's International Realty License #6506044394 Listed on: 10/12/2017

Last Buyer's Agent

James Fordell

Musselman Realty Company License #6501287269

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 0.36 Acre Lot
  • Lot Dimensions are 95x165
  • Fenced

Home Design

  • 1,620 Sq Ft Home
  • Ranch Style House
  • Shingle Roof
  • Aluminum Siding

Parking

  • 4 Parking Spaces
  • No Garage

Outdoor Features

  • Covered patio or porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Additional Features

  • Partially Finished Basement

Community Details

  • 2 Units
  • Grandview Subdivision

Listing and Financial Details

  • Total Actual Rent $2,120

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Gross Rent: 2120.0
  • Tax Year: 2016
  • Levels: One
  • Year Built: 1957
  • Lot Size Acres: 0.36
  • Lot Size: 95x165
  • Subdivision Name: Grandview
  • Above Grade Finished Sq Ft: 1620.0
  • Architectural Style: Ranch
  • General Property Info:Lot Size Dimensions: 95x165
  • General Property Info:Above Grade Finished Area: 1620.0
  • Exterior:Aluminum Siding: Yes
  • Sewer:Public Sewer: Yes
  • Roof:Shingle: Yes
  • Security Features:Smoke Detector(s): Yes
  • Levels:One: Yes
  • Architectural Style:Ranch: Yes
  • Fencing:Fenced: Yes
  • Tax Info:Taxes2: 6613.66
  • Tax Info:Zoning3: Residential
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:Building 1 Description: 628 Unit 1
  • General Property Info:_pound_ of Units: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partially Finished
  • Heating: Forced Air, Natural Gas
  • Property Type: Resid/Multi-Family
  • Basement:Partially Finished: Yes

Exterior Features

  • Roof: Shingle
  • Fencing: Fenced
  • Patio And Porch Features: Covered
  • Construction Type: Aluminum Siding
  • Patio Porch Features:Covered: Yes

Garage/Parking

  • Total Parking Spaces: 4.0
  • Parking Features: No Garage
  • Attached Garage: No
  • Parking Features:No Garage: Yes
  • General Property Info:Parking Total: 4

Utilities

  • Sewer: Public Sewer
  • Appliances: Gas Water Heater
  • SecurityFeatures: Smoke Detector(s)
  • Water Source: Public
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Schools

  • Junior High Dist: East Lansing

Lot Info

  • Lot Size Sq Ft: 15681.6
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 1, 2022
Sold by
Tintagel Llc
Bought by
Smith Adam J
Current Estimated Value
$325,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,750
Outstanding Balance
$206,030
Interest Rate
5.54%
Mortgage Type
New Conventional
Estimated Equity
$118,970

Purchase Details

Listed on
Oct 12, 2017
Closed on
Aug 31, 2018
Sold by
Averill Ronald C
Bought by
Tintagel Llc
Seller's Agent
Rob Buffington
White Pine Sotheby's International Realty
Buyer's Agent
James Fordell
Musselman Realty Company
List Price
$249,800
Sold Price
$232,000
Premium/Discount to List
-$17,800
-7.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.03%
Original Mortgage
$174,000
Interest Rate
4.5%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Jun 19, 2014
Closed on
Jun 13, 2014
Sold by
Kundi Aruna and Gupta Jiya L
Bought by
Averill Ronald C
Seller's Agent
Steve Osmar
RE/MAX Real Estate Professionals, Inc. West
Buyer's Agent
Steve Osmar
RE/MAX Real Estate Professionals
List Price
$190,000
Sold Price
$190,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.85%
Original Mortgage
$142,500
Interest Rate
4.18%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 29, 2013
Sold by
Gupta Vibha K
Bought by
Kundi Aruna and Kundi Jiya L

Purchase Details

Closed on
Apr 30, 2010
Sold by
Chamberlain Bradley C and Chamberlain Cynthia K
Bought by
Gupta Vibha K and Gupta Jiya L

Purchase Details

Closed on
Jun 22, 2006
Sold by
Ramsby Stephen and Ramsby Brenda J
Bought by
Chamberlain Bradley C

Purchase Details

Closed on
Jun 1, 1974
Source: Public Records

Range of Values:

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Average Value
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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
Smith Adam J $285,000 Liberty Title
Tintagel Llc $232,000 Tri Title Agency Llc
Averill Ronald C $190,000 None Available
Kundi Aruna -- None Available
Gupta Vibha K $152,000 Trans
Chamberlain Bradley C $147,500 Landamerica Transnation Titl
-- $35,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Adam J $213,750
Previous Owner Tintagel Llc $174,000
Previous Owner Averill Ronald C $142,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2018 08/31/18 Sold $232,000 -7.1% $143 / Sq Ft
08/22/2018 08/22/18 Pending -- -- --
10/06/2017 10/06/17 For Sale $249,800 +31.5% $154 / Sq Ft
06/13/2014 06/13/14 Sold $190,000 0.0% $117 / Sq Ft
06/13/2014 06/13/14 Pending -- -- --
06/13/2014 06/13/14 For Sale $190,000 -- $117 / 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 $98 $155,500 $35,100 $120,400
2023 $10,464 $140,000 $30,100 $109,900
2022 $7,759 $122,000 $26,000 $96,000
2021 $7,602 $118,800 $24,800 $94,000
2020 $7,515 $118,800 $24,800 $94,000
2019 $7,246 $96,200 $26,800 $69,400
2018 $7,965 $93,300 $19,500 $73,800
2017 $6,828 $92,400 $19,700 $72,700
2016 -- $92,400 $19,000 $73,400
2015 -- $85,600 $34,870 $50,730
2014 -- $85,600 $34,870 $50,730
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

    45 in this area

    202 Total Sales

    Rob Buffington
    Section Image
  • James Fordell

    Buyer's Agent in 2018

    James Fordell

    Musselman Realty Company

    (517) 749-6501

    16 in this area

    48 Total Sales

    James Fordell
    Section Image

  • S

    Seller's Agent in 2014

    Steve Osmar

    RE/MAX Michigan

See All Agents

Map

Source: Greater Lansing Association of Realtors®

MLS Number: 220839

Greater Lansing Association of Realtors®

APN: 20-02-17-106-002

Michigan Ingham County East Lansing 48823

628 Wayland Ave, East Lansing, MI

This home is located at 628 Wayland Ave, East Lansing, MI 48823 since 12 October 2017 and is currently estimated at $325,000, approximately $200 per square foot. This property was built in 1957. 628 Wayland Ave is a home located in Ingham County with nearby schools including Marble Elementary School, MacDonald Middle School, and East Lansing High School.

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