new - 6 days on rocket

551 Lexington Ave, East Lansing, MI, 48823

$340,000

Home List Price

$4,038*

Closing Credit

2 Full Baths
912 SqFt
$373/SqFt
Multi

Location

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551 Lexington Ave, East Lansing$340,000

Buyer Closing Credits

$4,038*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
ParkingPaved
Year Built1963
HeatingNatural Gas, Forced Air
CoolingWindow Unit(s)
BasementYes
MLS #20240084298
Lot Size0.19 Acres
StatusActive

About 551 Lexington Ave

Situated just minutes from downtown East Lansing/MSU campus, this well-maintained duplex offers an unbeatable location with excellent potential. Whether you're looking to live in one side and rent out the other, or expand your investment portfolio, this property checks all the boxes! 3 bedrooms are currently rented, 3 are still currently available. Newer kitchen installed in lower level. Schedule your own private showing today!

Property Details

Property Features

Property Information:

  • Architectural Style: Duplex
  • Year Built: 1963
  • Stories: 2
  • Living Area: 912 SqFt

Listing Office:

  • Office Name: KW Domain
  • Office Phone: (248) 590-0800
  • Listing Agent: Mariah Grumblatt

Interior Features

Interior Information:

  • Basement: Yes
  • Interior: Laundry Facility

Bedroom and Bathroom Information:

  • Full Bathrooms: 2

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Lighting

Parking Information:

  • Parking: Paved

Virtual/3D Tour

  • Virtual Tour: 551 Lexington Ave
Virtual Tour

Lot Features

Lot Information:

  • Lot Size: 0.19 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air
  • Cooling: Window Unit(s)

Other

Directions Information:

  • Directions: Burcham To Lexington Avenue to home

Price Information

Listing Price Info

Price Summary:

  • List Price: $340,000
  • Price Per SqFt: $373/SqFt

Tax Information:

  • Annual Amount: $5,176
  • Tax Year: 2021
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Housing Market Comparison

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

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East Lansing, MI

City

Med. Sold Price

$301K

Med. Price/SqFt

$159

Avg. Days On Market

35

# of Sold Homes

30

551 Lexington Ave vs East Lansing

6 DAYS ON ROCKET

-29 Days

$340,000

+$39K More

$373/SqFt

+$214 More

KEY TAKEAWAY

This property is $39K more than the Median Sold Price and $214/SqFt more than other homes in East Lansing, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Realcomp II Ltd
  • MLS Number: #20240084298

Listing Office:

  • Office Name: KW Domain
  • Office Phone: (248) 590-0800
  • Listing Agent: Mariah Grumblatt

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
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, 10:20:52 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$5,176$113,400
2020$5,176$113,400
2019$5,508$119,200
2018$5,147$115,700
2017$5,147$114,400

History based on county public records data.

Payment Calculator

$1,764

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,086

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NMLS#3030

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-285544
5
/10

  • Marble School

  • 2961 E Lake Lansing Rd Bldg A

  • 1.17 miles

  • Public District Grades KG-5

school-card-donut-285545
3
/10

  • Donley Elementary School

  • 2961 E Lake Lansing Rd Bldg B

  • 1.17 miles

  • Public District Grades PK-5

school-card-donut-285546
6
/10

  • Whitehills Elementary School

  • 621 Pebblebrook Ln

  • 1.32 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $53,937. Most East Lansing, MI residents have annual incomes less than $35k. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Ingham County›East Lansing›48823›551 Lexington Ave

This home is located at 551 Lexington Ave in East Lansing, MI and zip code 48823. This 912 square foot home, which was built in 1963, sits on a 0.19 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since November 08, 2024 and is currently priced at $340,000.

Over 12 listings were sold over their listed price in October 2024 in East Lansing, MI. In the same period over 11 listings were sold below the listed price and 7 listings were sold for the listed price. The inventory of homes for sale in East Lansing, MI between September 2024 and October 2024 decreased by 3%. While the average time on the market in October 2024 was 35 days, the median list price was $301,000.

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

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