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$290,000   Price Analysis
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642 Cornell Ave
East Lansing, MI 48823
4 bed 1 bath 1,068 SqFt ($271/SqFt)
5,227SqFt lot. Built 1941
Listed 2024-05-22, Taxes $7,319
Ⓧ USDA Ineligible
due to location

near East Lansing

MSU parents

Buy this 4-bedroom home on a 5, 401 sq ft stunning lot with certified rental income! Four-minute drive or 15-minute walk to campus. It can be leased to four unrelated individuals, but your work is donethe lease is in place for next year as well! There is a large storage shed in the enormous backyard. The main level has wood floors, a bar, an inviting front porch and a full kitchen with a refrigerator, microwave and stove. Enjoy the on-site laundry room with a washer/dryer. Great tenants now and coming in August. Don't forget: good renters are like free money!

Move your freshman in next fall and let their friends pay the mortgage! Go State!! Lease is signed until August 2025. Current rent $1950. Jumps to $2150 Sept 2024 until August 2025. Each of the 4 pay independently.


Presented by Leslie Wagner at
Signature Sotheby's International Realty.
Listing Agent Photo

Property MLS #20240032786 from Realcomp

Bedrooms: 4

Total Rooms: 8
Bath - Full: 10.00 x 5.00
Bath - Full Level: First/Entry
Laundry Area/Room: 10.00 x 8.00
Laundry Area/Room Level: First/Entry
Bedroom: 10.00 x 10.00
Bedroom Level: First/Entry
Family Room: 16.00 x 10.00
Family Room Level: First/Entry
Bedroom - Primary: 16.00 x 12.00
Bedroom - Primary Level: Second
Bedroom: 14.00 x 12.00
Bedroom Level: Second
Bedroom: 8.00 x 10.00
Bedroom Level: First/Entry

Total Bathrooms: 1 / 0
Full Bathrooms: 1

Furnished - No

Heating Features: Forced Air
Heating Fuel: Natural Gas

Frontage Length: 40
Road Frontage Type: Paved
Porch Description: Porch

Lot Size Acres: 0.12
Lot Size Dimensions: 40.00 x 135.00
Lot Size Square Feet: 5227

Association: No
Calculated Total Monthly Association Fees: 0
Pets Allowed: Cats OK, Dogs OK

School District: East Lansing

Marble School is a public elementary school located approximately 0.3 miles away.
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Macdonald Middle School is a public middle school located approximately 0.4 miles away.
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East Lansing High School is a public high school located approximately 0.6 miles away.
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Stepping Stones Montessori School is a private elementary school located approximately 0.3 miles away.
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ActivationDate : 2024-05-24
Annual Tax Amount: 7651
Source Listing Status: Active
County: Ingham
Directions: Okemos Road to W Grand RIver to N Hagadorn to Left on Burcham to Left on Cornell.
Source Property Type: Residential
Home Warranty: No
Area: East Lansing
Source Neighborhood: AVONDALE SUB
Ownership Type: Short Sale - No, Private Owned
Parcel Number: 33200218204019
Postal Code Plus 4: 3609
Subdivision: AVONDALE SUB
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$99,300
$7,319
2021$unknown + $unknown
$96,600
$7,202
2019$unknown + $unknown
$71,800
$5,272
2017$unknown + $unknown
$69,000
$5,089
2017$unknown + $unknown
$69,700
$5,089
2016$unknown + $unknown
$69,000
$4,929
2015$unknown + $unknown
$63,800
$4,946
2014$unknown + $unknown
$63,800
$5,125
2013$unknown + $unknown
$60,800
$4,865
2012$unknown + $unknown
$60,800
$4,735
2011$unknown + $unknown
$64,300
$4,532
2010$unknown + $unknown
$64,300
$4,409
2009$unknown + $unknown
$64,300
$4,392
2008$unknown + $unknown
$69,000
$3,962
2007$unknown + $unknown
$67,000
$3,924

Price Changed 2024-06-10
$290,000
GreaterLansingArea
Price Changed 2024-06-07
$290,000
Realcomp
Listed 2024-05-29
$300,000
GreaterLansingArea
Listed 2024-05-22
$300,000
Realcomp
Sold 2020-02-28
$249,750
GreaterLansingArea
Sold 2018-11-20
$241,000
GreaterLansingArea
Listed 2018-08-06
$239,000
GreaterLansingArea
Sold 2013-09-06
$118,000
Public Record
Sold 2003-04-25
$129,000
Public Record

Total Square Feet Living: 1068
Year Built: 1941
Construction Materials: Vinyl
Foundation Details: Slab
Levels: 1 1/2 Story
Property Age: 83
Roof: Asphalt
Levels or Stories: 1 1/2 Story
House Style: Cape Cod
Total Area Sqft: 1068

Sewer: Public Sewer (Sewer-Sanitary)
Water Source: Public (Municipal)
Click Thumbnail Images To View Full Size
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living_roomkitchenkitchenkitchenbedroom
bathroomlaundry_roomunknownunknownunknown
unknownbathroomdining_roomlaundry_roomlaundry_room
laundry_roomunknownfarm_landfarm_landhouse_view

The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.