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2412 Fernwood Ave, Lansing, MI, 48912

2beds
1baths
640sqft
$140,000
$219price/sqft
$1,189/moest. monthly cost
$47,560/yrincome needed

About This Home

Fresh, bright, and ready for its next chapter! This refreshed 2-bedroom home offers an efficient layout with an updated kitchen and bath, new mechanicals, and comfortable living spaces ready for your personal touch. The full basement provides plenty of storage, with an additional storage shed outside. Located on Lansing's east side, this is an affordable opportunity to own a home with many of the big-ticket updates already completed. Buyer must utilize the City of Lansing Down Payment Assistance Program, offering up to $23,000 in assistance, and meet household income requirements. Application is attached. Income limits: 1-$57,500; 2-$65,700; 3-$73,900; 4-$82,100; 5-$88,700; 6-$92,250; 7-$101,850; 8-$108,400.

Getting Around

74
WalkingVery Walkable
36
TransitSome Transit
62
BikeBikeable

Schools

4/10
Pattengill AcademyGrades PK-80.4 mi
5/10
Eastern High SchoolGrades 9-120.4 mi
3/10
Sheridan RoadGrades PK,5-82.7 mi

Construction

Condition

  • Property condition: Updated/Remodeled
  • Year built: 1922

Materials

  • Construction materials: Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Dryer,Microwave,Oven,Range,Refrigerator,Washer
  • Laundry features: In Basement

Basement

  • Has basement: Yes
  • Basement: Full

Bedroom2

  • Level: First
  • Area: 79.478

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Dining Room

  • Level: First
  • Area: 0

Features

  • Breakfast Bar,Open Floorplan
  • Finished area below ground: 0
  • Finished area above ground: 640

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,280
  • Total interior livable area: 640 sqft

Kitchen

  • Level: First
  • Area: 131.67000000000002

Living Room

  • Level: First
  • Area: 179.19000000000003

Master Bedroom

  • Level: First
  • Area: 73.8821

Property

Details

  • Parcel number: 33010114136431
  • Zoning description: Zoning
  • Foundation area: 640

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Covered,Front Porch,Patio

Lot

  • Lot size: 2,178 sqft
  • Lot size dimensions: 35 x 66

Parking

  • Parking features: Driveway
  • Has uncovered spaces: Yes

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 WindModerate

How This Home’s Risks Compare

Strong Wind

FEMA Declared Disasters in Ingham County and Michigan

Flood
Severe Ice Storm
Severe Storm
Tornado
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 $707$8,484
Home Insurance *$89$1,068
Property Taxes $205$2,460
Electricity $188$2,259
Total$1,189$14,268
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$40,765/yr
40% on housing$35,670/yr
45% on housing$31,706/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: 7.4%
7.4%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 1.2%
1.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$219This listing

vs Other Active Listings

Avg $/sqft

ZIP 48912$67
Ingham County$118

vs Homes Sold Last Month

Median $/sqft

ZIP 48912$127
Ingham County$129

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)

Price History

DateEventPrice
2026-08-12Listed for sale$140,000
2026-08-12Listing removed$140,000
2026-06-26Listed for sale$140,000
2026-05-28Contingent$140,000
2026-05-13Listed for sale$140,000
2024-06-17Sold$70,000
2018-10-08Sold$43,000
2018-09-26Pending sale$47,000
2018-09-19Listed for sale$47,000

For Sale by Agent

AgentRooted Real Estate Of Greater Lansing
BrokerageRE/MAX Real Estate Professionals

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