Sold59d on market
331 Richard Ave
Lansing, MI, 48917 • Waverly • Eaton County
$125,000
$114/sqft
3Beds
2Baths
1,101Sqft
0.27 acLot
1952Built
Property DNA
Neighborhood Views
Neighborhood
Cape Cod Style
Built 1952 · 74 years of history
Oak Park
Waverly
Outdoor Living
Deck · Front Porch
Garage(s)
Garage(s)
2-Car Garage
Detached · Driveway · Garage · Garage Door Opener · Garage Faces Side
Market activity
Demand and pricing signals for this listing
17 views
People checking out this listing
59 days on market
Established listing
$114/sqft
Price per square foot
About this home
Single Family · Built 1952
Investor Special with Endless Potential in Delta Township! Bring your vision to this Cape Cod-style home located at 331 Richard Avenue in Lansing. This property is in need of renovation, but offers incredible upside for an investor, flipper, or a handy homeowner ready to create instant equity. Set on a generous corner lot, the home features a huge fully fenced backyard with wood privacy fencing, perfect for future outdoor living or entertaining. Two detached garages provide ample storage, workshop space, or added value potential. Inside, you'll find a large four-seasons room offering flexible additional living space, plus a full bathroom in the basement, adding convenience and future finishing options. With solid bones, classic Cape Cod charm, and plenty of square footage to reimagine... this is a rare opportunity to transform a diamond in the rough into something truly special. Cash, renovation, or conventional buyers welcome—bring your contractor and imagination!
Standout features identified
Our analysis highlights two detached garages and generous corner lot as key attractions of this home.
Estimated monthly payment
Based on current rates
$824/month
Principal & Interest$657
Property Tax$125
Insurance$42
Down payment20% ($25,000)
3%50%
Est. 6.88% rate · 30yr fixed · $100,000 loan
Full calculator →At a glance
Key facts and listing details
TypeSingle Family Residence
Year Built1952
HeatingForced Air, Natural Gas
CoolingCentral Air
Parking2 Garage spaces
Lot0.27 Acres
Property
Home typeSingle Family
Sub-typeSingle Family Residence
StyleCape Cod
Year built1952
Stories1
Systems
HeatingForced Air, Natural Gas
CoolingCentral Air
RoofShingle
ConstructionAluminum Siding
Water / SewerPublic / Public Sewer
Parking & Outdoor
ParkingDetached, Driveway, Garage, Garage Door Opener, Garage Faces Side
Garage2 spaces
BasementBath/Stubbed,Block,Daylight,Full,Sump Pump
FencingBack Yard,Fenced,Full,Privacy,Wood
Lot0.27 Acres
Location & Tax
NeighborhoodWaverly
Annual tax$3,367
Parcel04006800025000
Bathrooms & Fees
Full baths2
Features & details
15 categories of property features
Interior Features
Interior
Ceiling Fan(s)
Eat-in Kitchen
Laminate Counters
Primary Downstairs
Appliances
Refrigerator
Range
Oven
Dishwasher
Flooring
Carpet
Combination
Vinyl
Heating
Forced Air
Natural Gas
Cooling
Central Air
Laundry
In Basement
Fireplace
None
Exterior Features
Exterior
Awning(s)
Private Yard
Parking
Detached
Driveway
Garage
Garage Door Opener
Garage Faces Side
Construction
Aluminum Siding
Patio & Porch
Deck
Front Porch
Lot Features
Back Yard
City Lot
Front Yard
Near Public Transit
Private
Rectangular Lot
Corner Lot
Community
Street Lights
Views
Neighborhood
Other Structures
Garage(s)
Room details
7 rooms detailed
Master Bedroom
First11×11 ft121 sqft
Bedroom2
First11×11 ft121 sqft
Bedroom3
Second16×12 ft192 sqft
Dining Room
First14×12 ft168 sqft
Kitchen
First12×12 ft144 sqft
Living Room
First14×20 ft280 sqft
Listing insights
Market data and value estimates
StatusSold
Days on market59
Est. rent$1,585/mo
Tax rate1.35%
Price/sqft$114
On marketJan 1, 2026
PostedJan 1, 2026
Last sold$125,000
MLS updatedFeb 9, 2026
Tour days6
Views17
How are the schools in Lansing?
3 schools rated nearby
Location
Lansing, MI, 48917
Price history
3 events
DateEventPrice$/sqftSource
Feb 6, 2026Sold$125,000$114Greater Lansing AOR
Jan 14, 2026Pending Sale$139,900$127Greater Lansing AOR
Jan 1, 2026Listed For Sale$139,900$127Greater Lansing AOR
Sold$125,000
Feb 6, 2026•$114/sqft•Greater Lansing AOR
Pending Sale$139,900
Jan 14, 2026•$127/sqft•Greater Lansing AOR
Listed For Sale$139,900
Jan 1, 2026•$127/sqft•Greater Lansing AOR
Tax history
20 years of records
YearTax paidAssessed value
Apr 7, 2024—$96,400
Apr 7, 2021$2,500$67,600
Apr 7, 2020$2,516$62,700
Apr 7, 2019$2,516$60,466
Apr 7, 2018$2,499$59,600
Apr 7, 2017$2,323$56,700
Apr 7, 2016—$52,200
Apr 7, 2015—$51,800
Apr 7, 2014—$51,000
Apr 7, 2013—$50,300
Apr 7, 2011—$56,200
Apr 7, 2010—$59,800
Apr 7, 2009—$65,600
Apr 7, 2008—$72,800
Apr 7, 2007—$76,300
Apr 7, 2006—$73,500
Apr 7, 2005—$70,400
Apr 7, 2004—$66,100
Apr 7, 2002—$53,800
Apr 7, 2001—$50,700
Nearby homes
Neighborhood details
Local context around this listing
Lansing, MI • Eaton County
Nearby neighborhoods
Churchill DownsColonial VillageForest ViewGroesbeckLansing-EatonNorthtownOld EverettRiver ForestWaverlyWestside
Nearby cities
CharlotteDewittEast LansingEaton RapidsGrand LedgeHoltLansingMason
Nearby zip codes
48906489074891048911489124891548917489214893348950
Similar homes
IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Copyright © 2026 Greater Lansing Association of REALTORS®
No obligation · Same-day response