16120 Park Lake Rd
East Lansing, MI 48823
2 bd 2 ba 1,280 sqft Built 2005 condos
Most recent sale
$246,000
Jun 2, 2021
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Sep 23, 2024 | Sold | $294,000 | GreaterLansingArea |
| Dec 7, 2022 | Sold | $319,900 | Public Record |
| Aug 25, 2022 | Listed | $325,000 | MLS #268044 |
| Jun 2, 2021 | Sold | $246,000 | MLS #249219 |
| Nov 25, 2020 | Listed | $244,900 | MLS #475334390 |
| Aug 28, 2020 | Listed | $244,900 | MLS #249219 |
| Mar 17, 2009 | Listing removed | $197,900 | GreaterLansingArea |
| Feb 24, 2009 | Listing removed | $197,900 | GreaterLansingArea |
| Feb 19, 2009 | Listed | $197,900 | MLS #175940 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2021 | — | — | $95,700 | $827 |
| 2020 | — | — | $93,000 | $3,798 |
| 2019 | — | — | $86,300 | $3,675 |
| 2018 | — | — | $85,700 | $3,589 |
| 2017 | — | — | $83,600 | $3,509 |
| 2016 | — | — | $81,200 | $3,439 |
| 2014 | — | — | $65,800 | $3,379 |
| 2013 | — | — | $61,800 | $3,326 |
| 2009 | — | — | $53,200 | $2,860 |
| 2008 | — | — | $58,300 | $2,958 |
| 2006 | $14,700 | $10,000 | $24,700 | $1,452 |
Property facts
Year built
2005
Property type
condos
Stories
1
Beds
2
Baths
2
Living area
1,280 sqft
Lot size
—
ZIP code
48823
City
East Lansing
Street
Park Lake Rd
Coordinates
42.78236, -84.43523
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,920
Gross rental yield
9.37%
Implied cap rate
6.09%
Trend-extrapolated value
—
Frequently asked questions
When did 16120 Park Lake Rd last sell?
16120 Park Lake Rd most recently sold on Jun 2, 2021 for $246,000.
What is the current tax assessment for 16120 Park Lake Rd?
The most recent total assessment for 16120 Park Lake Rd (year 2021) is $95,700 with $827 in property tax.
How does 16120 Park Lake Rd's assessment compare to its last sale price?
The current assessment is 61.1% below the last sale price of $246,000.
When was 16120 Park Lake Rd built?
16120 Park Lake Rd was built in 2005.
How does 16120 Park Lake Rd compare to others on Park Lake Rd?
We track 8 other properties on Park Lake Rd. Browse the list under "Other properties on Park Lake Rd" to compare beds, baths, and sale history.
What are the property facts for 16120 Park Lake Rd?
16120 Park Lake Rd is a 2 bed, 2 bath, 1,280 sqft condos.
Is 16120 Park Lake Rd a flip candidate?
Yes — 16120 Park Lake Rd appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 16120 Park Lake Rd a tax-appeal candidate?
No — 16120 Park Lake Rd is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-2.6%
Implied 1-yr
-10.4%
2026 Q3
$285.4K
2026 Q4
$276.5K
ZIP 48823 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Park Lake Rd