505 Theo Ave
Lansing, MI 48917
3 bd 1 ba 987 sqft Built 1971 Lot 6,970 sqft single_family
Most recent sale
$170,000
May 3, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 3, 2022 | Sold | $170,000 | MLS #264618 |
| Sep 22, 2020 | Sold | $135,000 | Public Record |
| Aug 21, 2020 | Sold | $135,000 | MLS #248247 |
| Apr 23, 2014 | Sold | $85,000 | MLS #54218 |
| Jan 6, 2014 | Relisted | $89,900 | MLS #54218 |
| Dec 11, 2013 | Listing removed | $89,900 | GreaterLansingArea |
| Nov 26, 2013 | Listed | $89,900 | MLS #54218 |
| Oct 30, 2013 | Listing removed | $99,900 | GreaterLansingArea |
| Oct 15, 2013 | Listed | $104,900 | MLS #53103 |
| Jul 25, 2013 | Sold | $39,500 | MLS #49896 |
| Jul 10, 2013 | Listed | $44,900 | MLS #49896 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2021 | — | — | $59,900 | $2,051 |
| 2020 | — | — | $52,000 | $2,163 |
| 2019 | — | — | $50,100 | $2,120 |
| 2018 | — | — | $46,600 | $2,084 |
| 2017 | — | — | $46,000 | $2,033 |
| 2011 | — | — | $46,800 | $1,949 |
| 2010 | — | — | $49,800 | $2,047 |
| 2009 | — | — | $53,900 | $2,126 |
| 2008 | — | — | $60,400 | $2,020 |
| 2007 | — | — | $61,800 | $1,988 |
Property facts
Year built
1971
Property type
single_family
Stories
—
Beds
3
Baths
1
Living area
987 sqft
Lot size
6,970 sqft
ZIP code
48917
City
Lansing
Street
Theo Ave
Coordinates
42.73883, -84.61860
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
$1,481
Gross rental yield
10.45%
Implied cap rate
6.80%
Trend-extrapolated value
—
Frequently asked questions
When did 505 Theo Ave last sell?
505 Theo Ave most recently sold on May 3, 2022 for $170,000.
What is the current tax assessment for 505 Theo Ave?
The most recent total assessment for 505 Theo Ave (year 2021) is $59,900 with $2,051 in property tax.
How does 505 Theo Ave's assessment compare to its last sale price?
The current assessment is 64.8% below the last sale price of $170,000.
When was 505 Theo Ave built?
505 Theo Ave was built in 1971.
How does 505 Theo Ave compare to others on Theo Ave?
We track 8 other properties on Theo Ave. Browse the list under "Other properties on Theo Ave" to compare beds, baths, and sale history.
What are the property facts for 505 Theo Ave?
505 Theo Ave is a 3 bed, 1 bath, 987 sqft, 6,970 sqft lot single_family.
Is 505 Theo Ave a flip candidate?
Yes — 505 Theo Ave appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 505 Theo Ave a tax-appeal candidate?
No — 505 Theo 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 Theo Ave