4 months on rocket

507 N Magnolia Ave, Lansing, MI, 48912

$125,000

Home List Price

$1,484*

Closing Credit

2 Bedrooms
1 Full Bath
1,056 SqFt
$118/SqFt
House

Location

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507 N Magnolia Ave, Lansing$125,000

Buyer Closing Credits

$1,484*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDetached, Garage, Shared Driveway
Garage2 spaces
Year Built1924
HeatingNatural Gas
CoolingCentral Air
BasementYes
FireplaceNone
ViewNeighborhood
MLS #282007
Lot Size0.09 Acres
StatusActive

About 507 N Magnolia Ave

Located in a quiet neighborhood, this charming two-story home features two spacious bedrooms and a well-appointed bathroom on the second level. Step inside to find a closed-in porch, ideal for quiet moments. The kitchen and dining area seamlessly blend, offering a welcoming space for meals and gatherings. The highlight of the home is the expansive living room. The kitchen is equipped with all appliances, ensuring convenience for daily routines. Outside, a generous two-car garage, newer central air, carpet, and bathroom tile .The roof on the porch is new, while the house roof is 12 years old.

Property Details

Property Features

Property Information:

  • Year Built: 1924
  • Living Area: 1,056 SqFt

Listing Office:

  • Office Name: Coldwell Banker Realty-West Lansing
  • Office Phone: (517) 321-1000
  • Listing Agent: Sherree Zea

Interior Features

Interior Information:

  • Appliances: Disposal, Electric Range, Washer, Refrigerator, Electric Oven, Dryer, Dishwasher
  • Basement: Yes
  • Flooring Type: Carpet, Hardwood, Laminate
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: Neighborhood

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Detached, Garage, Shared Driveway

Lot Features

Lot Information:

  • Lot: City Lot
  • Lot Size: 0.09 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Between Saginaw St and Michigan Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $125,000
  • Price Per SqFt: $118/SqFt

Tax Information:

  • Annual Amount: $2,634
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Lansing, MI.

Med. Sold Price

$150.5K

Med. Price/SqFt

$118

Avg. Days On Market

25

# of Sold Homes

138

507 N Magnolia Ave vs Lansing

126 DAYS ON ROCKET

+101 Days

$125,000

-$25.5K Less

$118/SqFt

-$0 Less

KEY TAKEAWAY

This property is $25.5K less than the Median Sold Price and $0/SqFt less than other homes in Lansing, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Greater Lansing Association of REALTORS®
  • MLS Number: #282007

Listing Office:

  • Office Name: Coldwell Banker Realty-West Lansing
  • Office Phone: (517) 321-1000
  • Listing Agent: Sherree Zea

IDX Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.

Copyright © 2024 Greater Lansing Association of REALTORS®. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/14/2024, 10:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$2,634$49,500
2020$2,539$46,500
2019$2,366$46,200
2018$2,241$46,100
2017$2,241$45,300

History based on county public records data.

Payment Calculator

$691

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$441

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-286276
5
/10
  • Pattengill School

  • 815 N Fairview Ave

  • 0.26 miles

  • Public Magnet Grades PK-6

school-card-donut-286277
7
/10
  • Glencairn School

  • 939 N Harrison Rd

  • 1.35 miles

  • Public District Grades PK-5

school-card-donut-286278
5
/10
  • Pinecrest School

  • 1811 Pinecrest Dr

  • 1.62 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $54,276. The most common annual income of people living in Lansing, MI is between $35k-100k. Most families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 507 N Magnolia Ave

What is the listing price of this property?

The listing price of 507 N Magnolia Ave property is $125,000.

What type of property is this?

The property 507 N Magnolia Ave is a house located in Lansing, Michigan, 48912.

Is this property for sale now?

Active Listing: 507 N Magnolia Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $2,634 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 507 N Magnolia Ave has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 507 N Magnolia Ave is 1,056 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 507 N Magnolia Ave is 1924.

Rocket HomesMichiganIngham CountyLansing48912507 N Magnolia Ave

This home is located at 507 N Magnolia Ave in Lansing, MI and zip code 48912 in the Foster neighborhood. This 1,056 square foot home, which was built in 1924, sits on a 0.09 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since July 11, 2024 and is currently priced at $125,000.

Over 54 listings were sold over their listed price in October 2024 in Lansing, MI. In the same period over 59 listings were sold below the listed price and 25 listings were sold for the listed price. The inventory of homes for sale in Lansing, MI between September 2024 and October 2024 increased by 5.9%. In October 2024 median list price was $150,550 and the average listing age was 25 days.

From Rocket Homes Real Estate and based on county public records data.

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