505 Richard Ave
Lansing, MI 48917
3 bd 3 ba 1,895 sqft Built 1953 Lot 14,375 sqft single_family
Most recent sale
$254,000
May 13, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 13, 2022 | Sold | $254,000 | MLS #264072 |
| Apr 14, 2022 | Listed | $229,900 | MLS #264072 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | — | — | $130,800 | $3,310 |
| 2024 | — | — | $130,800 | $5,419 |
| 2023 | — | — | $117,200 | $5,202 |
| 2022 | — | — | $88,300 | $2,783 |
| 2021 | — | — | $81,400 | $1,740 |
| 2020 | — | — | $75,800 | $2,814 |
| 2019 | — | — | $72,900 | $2,788 |
| 2018 | — | — | $70,800 | $1,665 |
| 2017 | — | — | $67,200 | $2,647 |
| 2011 | — | — | $63,400 | $2,400 |
| 2010 | — | — | $67,600 | $2,317 |
| 2009 | — | — | $74,400 | $2,312 |
| 2008 | — | — | $79,500 | $2,202 |
| 2007 | — | — | $83,400 | $2,221 |
| 2006 | — | — | $80,800 | $2,186 |
Property facts
Year built
1953
Property type
single_family
Stories
2
Beds
3
Baths
3
Living area
1,895 sqft
Lot size
14,375 sqft
ZIP code
48917
City
Lansing
Street
Richard Ave
Coordinates
42.73883, -84.61736
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,843
Gross rental yield
13.43%
Implied cap rate
8.73%
Trend-extrapolated value
—
Frequently asked questions
When did 505 Richard Ave last sell?
505 Richard Ave most recently sold on May 13, 2022 for $254,000.
What is the current tax assessment for 505 Richard Ave?
The most recent total assessment for 505 Richard Ave (year 2025) is $130,800 with $3,310 in property tax.
How does 505 Richard Ave's assessment compare to its last sale price?
The current assessment is 48.5% below the last sale price of $254,000.
When was 505 Richard Ave built?
505 Richard Ave was built in 1953.
How does 505 Richard Ave compare to others on Richard Ave?
We track 8 other properties on Richard Ave. Browse the list under "Other properties on Richard Ave" to compare beds, baths, and sale history.
What are the property facts for 505 Richard Ave?
505 Richard Ave is a 3 bed, 3 bath, 1,895 sqft, 14,375 sqft lot single_family.
Is 505 Richard Ave a flip candidate?
No — 505 Richard Ave does not appear in our flips dataset.
Is 505 Richard Ave a tax-appeal candidate?
No — 505 Richard Ave is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+4.2%
Implied 1-yr
+16.8%
2026 Q3
$323.8K
2026 Q4
$334.5K
ZIP 48917 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Richard Ave