Sold
423 Bailey Street, East Lansing, MI 48823
Sold on 05/15/2026 for$425,000
MLS # 20261012475 (Realcomp)
5 beds3 baths3,072 sqftBuilt 19370.14 acres
1 / 62
Listing Description
Come see this 5 Bedroom, 3 Full Bath Very Nice Colonial in the Desirable Bailey Park Sub. This house has such a great layout and plenty of space to enjoy and entertain. The main floor has a spacious living room, dining room, kitchen, breakfast nook, full bathroom, and a spare room that leads to the screened in patio. The 2nd Floor offers 4 very spacious bedrooms, plenty of closet and storage space, and another full bath. The top floor offers the 5th bedroom and sitting area. The basement is finished adding another living area/entertaining space, a full bath, laundry, and great storage areas. This home has recently been updated with neutral paint throughout, all new lighting, refinished hardwood floors, new carpet throughout, appliances, new front door, new side door, and the full bath has a new shower/tub surround. HVAC 2019. This is move in ready and a perfect home for college students or a big family. 2 Car detached garage and plenty of parking with the long driveway and extra parking pad. Home is owner occupied and has a Class II rental license. The home is in a perfect location so close to MSU Campus, and offers the opportunity to earn extra rental income. Don't miss this one! Schedule your showing today!
Source: SparkMLS
About this home
This 5-bedroom, 3-bath, 3,072 sq ft home built in 1937 sits in East Lansing in East Lansing.
Closed at $425,000 (about $138/sq ft).
Property tax estimate: $7,241 per year ($603/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by Lansing Board of Water & Light; natural gas by Consumers Energy Company.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms5
Bathrooms3
Living Area3,072 sqft
Lot Size0.14 acres
Year Built1937
Stories3
Location
CityEast Lansing
MunicipalityEast Lansing
Zip Code48823
CountyIngham
School DistrictEast Lansing
Construction & Systems
Garage2 spaces
HeatingForced Air
SewerPublic
InteriorBasement Finished
Sale & Financing
Listed2/26/2026
Sold Date5/14/2026
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$7,241
Parcel #200218132010
Source: SparkMLS
Legal Description
LOT 20 STRATHMORE
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Cara Pimer
Source Realty LLC
Frequently Asked Questions about 423 Bailey Street, East Lansing, MI 48823
What school district is 423 Bailey Street, East Lansing, MI 48823 in?
Per MLS# 20261012475, this property is served by East Lansing. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What financing options are available for 423 Bailey Street, East Lansing, MI 48823?
Per MLS# 20261012475, the seller has indicated this property accepts the following financing types: Cash, Conventional. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20261012475, the most recent reported annual property tax for 423 Bailey Street, East Lansing, MI 48823 is $7,241. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Is 423 Bailey Street, East Lansing, MI 48823 eligible for USDA financing?
Per USDA Rural Development boundary data, 423 Bailey Street, East Lansing, MI 48823 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 423 Bailey Street, East Lansing, MI 48823 is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: Lansing Board of Water & Light. Gas: Consumers Energy Company. Sewer: Public. Confirm service details directly with providers.
How safe is this area?
For crime and public safety data, we recommend inquiring directly with the East Lansing police department or the Ingham County sheriff's office.
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Monthly payment$2,853
Principal & interest$2,853
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Lansing Board of Water & Light
Municipal
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
423 Bailey Street, East Lansing, MI 48823
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Municipality
East Lansing
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