1502 River Ter
East Lansing, MI 48823
3 bd 2 ba 1,114 sqft Built 1951 Lot 19,166 sqft single_family
Most recent sale
$165,000
Dec 7, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Dec 7, 2022 | Sold | $165,000 | GreaterLansingArea |
| Feb 1, 2021 | Sold | $165,000 | Public Record |
| Oct 10, 2016 | Sold | $120,000 | GreaterLansingArea |
| Jan 9, 2007 | Sold | $120,000 | Public Record |
| Dec 28, 2006 | Listed | $135,000 | GreaterLansingArea |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2022 | — | — | $63,700 | $4,436 |
| 2021 | — | — | $62,600 | $3,064 |
| 2019 | — | — | $57,600 | $2,933 |
| 2017 | — | — | $53,900 | $1,960 |
| 2016 | — | — | $50,400 | $1,894 |
| 2015 | — | — | $46,900 | $1,880 |
| 2014 | — | — | $41,900 | $1,857 |
| 2013 | — | — | $38,600 | $1,782 |
| 2012 | — | — | $41,700 | $1,916 |
| 2011 | — | — | $44,400 | $2,009 |
| 2010 | — | — | $50,000 | $2,238 |
| 2009 | — | — | $57,000 | $2,543 |
| 2008 | — | — | $60,000 | $1,876 |
| 2007 | — | — | $58,700 | $1,298 |
Property facts
Year built
1951
Property type
single_family
Stories
2
Beds
3
Baths
2
Living area
1,114 sqft
Lot size
19,166 sqft
ZIP code
48823
City
East Lansing
Street
River Ter
Coordinates
42.72235, -84.46127
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,671
Gross rental yield
12.15%
Implied cap rate
7.90%
Trend-extrapolated value
—
Frequently asked questions
When did 1502 River Ter last sell?
1502 River Ter most recently sold on Dec 7, 2022 for $165,000.
What is the current tax assessment for 1502 River Ter?
The most recent total assessment for 1502 River Ter (year 2022) is $63,700 with $4,436 in property tax.
How does 1502 River Ter's assessment compare to its last sale price?
The current assessment is 61.4% below the last sale price of $165,000.
When was 1502 River Ter built?
1502 River Ter was built in 1951.
How does 1502 River Ter compare to others on River Ter?
We track 7 other properties on River Ter. Browse the list under "Other properties on River Ter" to compare beds, baths, and sale history.
What are the property facts for 1502 River Ter?
1502 River Ter is a 3 bed, 2 bath, 1,114 sqft, 19,166 sqft lot single_family.
Is 1502 River Ter a flip candidate?
No — 1502 River Ter does not appear in our flips dataset.
Is 1502 River Ter a tax-appeal candidate?
No — 1502 River Ter 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 River Ter