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5224 Fairbanks

Lansing, MI 48917

3 bd 3 ba 3,106 sqft Built 1996 Lot 10,454 sqft single_family
Most recent sale
$305,000
Mar 11, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Mar 11, 2022 Sold $305,000 MLS #263321

Tax assessment history

YearBuildingLandTotal assessedTax paid
2021 $126,700 $2,673
2020 $121,600 $4,387
2019 $117,300 $4,357
2018 $113,300 $4,281
2017 $101,200 $4,181
2011 $98,400 $4,087
2010 $108,400 $4,444
2009 $114,000 $4,645
2008 $121,100 $4,895
2007 $124,500 $3,132

Property facts

Year built
1996
Property type
single_family
Stories
2
Beds
3
Baths
3
Living area
3,106 sqft
Lot size
10,454 sqft
ZIP code
48917
City
Lansing
Street
Fairbanks
Coordinates
42.72194, -84.62480

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$1,830
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value

Frequently asked questions

When did 5224 Fairbanks last sell?
5224 Fairbanks most recently sold on Mar 11, 2022 for $305,000.
What is the current tax assessment for 5224 Fairbanks?
The most recent total assessment for 5224 Fairbanks (year 2021) is $126,700 with $2,673 in property tax.
How does 5224 Fairbanks's assessment compare to its last sale price?
The current assessment is 58.5% below the last sale price of $305,000.
When was 5224 Fairbanks built?
5224 Fairbanks was built in 1996.
How does 5224 Fairbanks compare to others on Fairbanks?
We track 6 other properties on Fairbanks. Browse the list under "Other properties on Fairbanks" to compare beds, baths, and sale history.
What are the property facts for 5224 Fairbanks?
5224 Fairbanks is a 3 bed, 3 bath, 3,106 sqft, 10,454 sqft lot single_family.
Is 5224 Fairbanks a flip candidate?
No — 5224 Fairbanks does not appear in our flips dataset.
Is 5224 Fairbanks a tax-appeal candidate?
No — 5224 Fairbanks is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+4.2%
Implied 1-yr
+16.8%
2026 Q3
$323.8K
2026 Q4
$334.5K
ZIP 48917 — Median Price History + Forecast

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