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404 Gainsborough Drive

404 Gainsborough Drive, East Lansing, MI 48823
Property in East Lansing
Sold Jul 06, 2015
$136,500
$160,000 by Michigan State University Fede
Mortgage Due Nov 01, 2052
404 Gainsborough Drive has been categorized by the local assessors in East Lansing, MI as a residential type of property. The building on the property was first built in 1972 and is 52 years old. The home has a total of 6 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 404 Gainsborough Drive has 1,232 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 596 ft and across the front of the lot is 1,700 ft. The area measurement of the land has been determined as 10,149 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a ranch/rambler style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 484 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying a porch. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The building has a gable style roof made of asphalt. The exterior walls of the building are made of alum/vinyl siding. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with gas. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 404 Gainsborough Drive was last sold in Jun 24, 2015 for $136,500. According to our calculations, that's $110.80 per sqft. Current property owners are expected to pay $4,025 in taxes per year. The property on 404 Gainsborough Drive was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $85,400. To break that down further, the land itself was valued at $18,000. While improvements to the property were assessed at a total of $67,400. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Floor Cover: Carpet
  • Basement Type: Unspecified basement
  • Basement Area: 1,232
  • Garage Type: Garage
  • Garage Square Area: 484
  • Parking Space Count: 2
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 10,149
  • Lot Size Depth Feet: 596
  • Lot Size Frontage Feet: 1,700
  • Total Building Area: 1,232
  • Gross Building Area: 1,232
  • Building Area: 1,232
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,232
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SPARTAN MANOR
  • Land Acres: 0.233
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 30 SPARTAN MANOR

Ownership

  • Current Owner : BUSBEY CLAYTON
  • Current Owner 2: DURRANT LISA
  • Previous Owner : DRAKE PAMELA
  • Previous Owner 2: RECK DANIEL
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: East Lansing School District
  • School Tax School District: 33010
  • Census Tract: 003802

Zoning

  • Zoning: R1

Geography

  • District: 20-01
  • Parcel: 33-20-01-12-204-004
  • Lot: 30
  • Municipality: EAST LANSING CITY
  • Latitude: 42.7513
  • Longitude: -84.4884

    Address

  • Full Address: 404 Gainsborough Dr
  • Legal Unit: 30
  • Address - House Number: 404
  • Address - Street Name: Gainsborough
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: East Lansing
  • Carrier Code: C074
  • 4-Digit Zip Code: 1944
  • Zip Code: 48823

Valuation

    Tax

  • Tax Year: 2021
  • Tax Amount: $4,025

    Appraisal Valuation

  • Standard Deviation: 0.1788
  • Valuation Date: Nov 16, 2022
  • Confidence Score: 76
  • Final Value: 233,616
  • High Value: 275,403
  • Low Value: 191,830

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $160,000
  • First Open Lien Mortgage Lender: MICHIGAN STATE UNIVERSITY FEDE
  • First Open Lien Mortgage Recording Date: Oct 03, 2022
  • First Open Lien Mortgage Loan Amount: $160,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2052

    Market Valuation

  • Market Total Value: $170,800
  • Market Land Value: $36,000
  • Market Improvement Value: $134,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $85,400
  • Assessed Land Value: $18,000
  • Assessed Improvements Value: $67,400

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 24, 2015
  • Current Sale Recording Date: Jul 06, 2015
  • Current Sale Transaction ID: 1228750445
  • Current Sale Price: $136,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2015-025611

    Last Sale Mortgage

  • First Mortgage Lender: FLAGSTAR BANK FSB
  • First Mortgage Transaction Date: Jul 06, 2015
  • First Mortgage Loan Amount: $134,027
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jul 01, 2045

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Frequently Asked Questions

What neighborhood is 404 Gainsborough Drive located in?
The 404 Gainsborough Drive is a located in the neighborhood of East Lansing in East Lansing, East Lansing.
What is the average sales price for listings in 404 Gainsborough Drive?
The average sales price for units in 404 Gainsborough Drive is $0 currently.

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