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15723 Park Lake Rd, East Lansing, MI, 48823

3beds
1baths
850sqft
$55,500
$65price/sqft
$545/moest. monthly cost
$21,800/yrincome needed

About This Home

Calling all investors, contractors, and ambitious renovators! This is your chance to transform a property with great bones into something truly special. Located in a desirable East Lansing area, 15723 Park Lake Road is a complete remodel ready for your vision and creativity. Whether you're looking for your next fix-and-flip, a long-term investment, or a custom home project, this property offers tremendous upside with excellent after-repair value (ARV) potential. The heavy lifting starts with a solid foundation—now it's your opportunity to design and finish the home exactly the way you want. Don't miss this chance to unlock the potential of this diamond in the rough. Bring your contractor, your imagination, and your vision—this could be your next successful project!

Getting Around

11
WalkingCar-Dependent
0
TransitVery Limited Transit
28
BikeSomewhat Bikeable

Schools

5/10
Bath Elementary SchoolGrades PK-52.0 mi
7/10
Bath Middle SchoolGrades 6-82.2 mi
9/10
Bath High SchoolGrades 9-122.0 mi

Construction

Condition

  • Year built: 1940

Materials

  • Construction materials: Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: A-Frame
  • Property subType: Single Family Residence

Interior

Appliances

  • Laundry features: Main Level

Basement

  • Has basement: Yes
  • Basement: Michigan Basement,Partial

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bedrooms: 1

Features

  • Finished area below ground: 0

Heating

  • Heating features: Forced Air

Interior Area

  • Total structure area: 850
  • Total interior livable area: 850 sqft

Property

Details

  • Parcel number: 01034000000300

Features

  • Stories: 2

Lot

  • Lot size: 0.25 Acres
  • Lot size dimensions: 62*125

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate

How This Home’s Risks Compare

Strong Wind
Tornado
Cold Wave
Hail

FEMA Declared Disasters in Clinton County and Michigan

Severe Ice Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $280$3,360
Home Insurance *$22$264
Property Taxes $55$660
Electricity $188$2,259
Total$545$6,540
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$18,685/yr
40% on housing$16,350/yr
45% on housing$14,533/yr

Michigan FAIR Plan Programs

Michigan Basic Property Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 15,981Commercial: 293
Total Premiums$13.85M
Total Exposure$2.60B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 15.5%
15.5%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 1.4%
1.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$65This listing

vs Other Active Listings

Avg $/sqft

ZIP 48823$159
Clinton County$162

vs Homes Sold Last Month

Median $/sqft

ZIP 48823$157
Clinton County$143

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-08-11Pending sale$55,500
2026-08-01Listed for sale$55,500

For Sale by Agent

AgentBruce Roberts-Hicks
BrokerageReal Estate Warehouse L.L.C.

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