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2012 Vermont Ave, Lansing, MI, 48906

1beds
1baths
540sqft
$44,900
$83price/sqft
$511/moest. monthly cost
$20,440/yrincome needed

About This Home

2 Bedroom Ranch Ready for Your Updates. Lots of Potential as Flip or Rental. Appliances are Included.

Getting Around

42
WalkingCar-Dependent
33
TransitSome Transit
48
BikeSomewhat Bikeable

Schools

5/10
Gier Park SchoolGrades PK-40.7 mi
4/10
Pattengill AcademyGrades PK-81.2 mi
5/10
Eastern High SchoolGrades 9-121.2 mi

Construction

Condition

  • Year built: 1922

Materials

  • Construction materials: Wood Siding

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Range,Refrigerator
  • Laundry features: Lower Level

Basement

  • Has basement: Yes
  • Basement: None

Bedrooms & Bathrooms

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

Dining Room

  • Level: First
  • Area: 60

Features

  • Finished area below ground: 0
  • Finished area above ground: 540

Heating & Cooling

  • Heating features: Radiant Floor
  • Cooling features: None

Interior Area

  • Total structure area: 540
  • Total interior livable area: 540 sqft

Kitchen

  • Level: First
  • Area: 60

Living Room

  • Level: First
  • Area: 120

Master Bedroom

  • Level: First
  • Area: 110

Other

  • Level: First
  • Area: 0

Property

Details

  • Parcel number: 33010103383031
  • Zoning description: Zoning

Features

  • Levels: One
  • Stories: 1

Lot

  • Lot size: 3,920 sqft
  • Lot size dimensions: 40 x 100

Parking

  • Parking features: Driveway,Gravel
  • 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
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Strong Wind
Tornado

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 $227$2,724
Home Insurance *$31$372
Property Taxes $65$780
Electricity $188$2,259
Total$511$6,132
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$17,520/yr
40% on housing$15,330/yr
45% on housing$13,626/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

$83This listing

vs Other Active Listings

Avg $/sqft

ZIP 48906$87
Ingham County$118

vs Homes Sold Last Month

Median $/sqft

ZIP 48906$130
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)

No zestimate history available

Price History

DateEventPrice
2026-08-15Price change$39,900
2026-07-24Price change$44,900
2026-07-17Listed for sale$49,000
2026-01-07Listing removed$900
2025-10-03Price change$900
2025-10-02Listed for rent$600
2021-03-17Listing removed--
2019-10-05Listing removed$20,000
2019-09-30Price change$20,000
2019-09-27Listed for sale$30,000
2002-09-12Sold$10,000
2001-10-05Sold$14,209

For Sale by Agent

AgentChristopher K Garno
BrokerageGarno Property Management LLC

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