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516 Smith Ave, Lansing, MI, 48910

5beds
2baths
1,216sqft
$99,900
$82price/sqft
$909/moest. monthly cost
$36,360/yrincome needed

About This Home

Bring your inspiration and explore the possibilities. The current space is 5 bedrooms and 2 full baths with lots of opportunity to rework the second level to create the ensuite of your dreams. Located close to Reo Town, and 2 blocks from Moores Park and the Lansing River Trail! The price reflects the need for updates. Sold As-Is.

Getting Around

65
WalkingSomewhat Walkable
36
TransitSome Transit
55
BikeBikeable

Schools

4/10
Lewton SchoolGrades PK-71.6 mi
3/10
J.W. Sexton High SchoolGrades 7-121.6 mi
6/10
Cavanaugh SchoolGrades PK-31.7 mi

Construction

Condition

  • Year built: 1914

Materials

  • Construction materials: Wood Siding

Type & Style

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

Interior

Appliances

  • Appliances included: Oven,Range,Refrigerator
  • Laundry features: In Kitchen,Main Level

Basement

  • Has basement: Yes
  • Basement: Full

Bedroom2

  • Level: First
  • Area: 80.289

Bedroom3

  • Level: Second
  • Area: 60.75

Bedroom4

  • Level: Second
  • Area: 98.13099999999999

Bedroom5

  • Level: Second
  • Area: 64.8375

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 2
  • Full bathrooms: 2

Bonus Room

  • Level: Second
  • Area: 240.74999999999997

Dining Room

  • Level: First
  • Area: 113.85000000000001

Features

  • Built-in Features,Pantry
  • Finished area below ground: 0
  • Finished area above ground: 1,216

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: None

Interior Area

  • Total structure area: 1,984
  • Total interior livable area: 1,216 sqft

Kitchen

  • Level: First
  • Area: 104.619

Living Room

  • Level: First
  • Area: 156.4

Master Bedroom

  • Level: First
  • Area: 112.729

Property

Details

  • Parcel number: 33010121357061
  • Zoning description: Zoning
  • Foundation area: 768

Features

  • Levels: Two
  • Stories: 2
  • Entry location: Front door
  • Patio & porch: Covered,Front Porch

Lot

  • Lot size: 5,227 sqft
  • Lot size dimensions: 33 x 156.75

Parking

  • Parking features: Alley Access,No Garage

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
  • Inland Flooding
    Inland FloodingModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Strong Wind
Tornado
Cold Wave
Hail
Inland Flooding
Winter Weather

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 $505$6,060
Home Insurance *$70$840
Property Taxes $146$1,752
Electricity $188$2,259
Total$909$10,908
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$31,165/yr
40% on housing$27,270/yr
45% on housing$24,240/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

$82This listing

vs Other Active Listings

Avg $/sqft

ZIP 48910$73
Ingham County$118

vs Homes Sold Last Month

Median $/sqft

ZIP 48910$123
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
2026-04-22Listed for sale$99,900
2024-06-24Sold$72,600
2024-05-29Pending sale$77,500
2024-05-10Price change$77,500
2024-04-10Price change$90,000
2024-03-05Listed for sale$105,000
2023-05-10Sold$110,352
2021-10-07Sold$105,000
2021-06-28Sold$105,000
2021-06-03Pending sale$89,900
2021-04-23Listed for sale$89,900
2021-03-17Listing removed--
2019-08-16Listing removed$950
2019-07-02Listed for rent$950
2018-07-13Listing removed$950
2018-06-19Listed for rent$950
2016-08-16Sold$26,500
2016-05-04Sold$25,000
2013-04-15Sold$59,270
2002-07-30Sold$80,000
2001-09-28Sold$24,000
2000-02-02Sold$51,502

For Sale by Agent

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

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