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1524 Downey St, Lansing, MI, 48906

2beds
1baths
894sqft
$160,000
$179price/sqft
$1,342/moest. monthly cost
$53,680/yrincome needed

About This Home

Welcome home to this charming 2-bedroom, 1-bath home. Conveniently located near the Lansing airport, this move-in-ready home features numerous updates, including the roof, furnace, water heater, and flooring, all within the last six years. Enjoy fresh paint, updated electrical throughout, recessed lighting, and a ceiling fan in the living room, along with beautiful built-in shelving that adds character and functionality. The kitchen has been refreshed with new countertops and a stylish backsplash. The attached one-stall garage also offers a spacious workshop, storage, or hobby area, providing plenty of extra flexibility. Check it out today!

Getting Around

24
WalkingCar-Dependent
26
TransitSome Transit
36
BikeSomewhat Bikeable

Schools

4/10
Cumberland SchoolGrades PK-50.9 mi
3/10
Sheridan RoadGrades PK,5-81.4 mi
3/10
J.W. Sexton High SchoolGrades 9-122.1 mi

Construction

Condition

  • Year built: 1941

Materials

  • Roof: Shingle
  • Construction materials: Vinyl Siding

Type & Style

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

Interior

Appliances

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

Basement

  • Has basement: Yes
  • Basement: Michigan Basement

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bedrooms: 2

Features

  • Flooring: Carpet,Wood
  • Finished area below ground: 0

Heating

  • Heating features: Forced Air

Interior Area

  • Total structure area: 894
  • Total interior livable area: 894 sqft

Property

Details

  • Parcel number: 33010105184031
  • Zoning description: RES

Features

  • Stories: 1

Lot

  • Lot size: 6,969 sqft
  • Features: Level
  • Lot size dimensions: 55 x 124

Parking

  • Total spaces: 1
  • Parking features: Garage Faces Front,Garage Door Opener,Attached
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

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

  • Cold Wave
    Cold WaveModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Cold Wave
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 $809$9,708
Home Insurance *$111$1,332
Property Taxes $234$2,808
Electricity $188$2,259
Total$1,342$16,104
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$46,011/yr
40% on housing$40,260/yr
45% on housing$35,786/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

$179This listing

vs Other Active Listings

Avg $/sqft

ZIP 48906$86
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)

Price History

DateEventPrice
2026-08-06Price change$150,000
2026-07-20Listed for sale$160,000
2020-11-12Listing removed$109,900
2020-11-12Pending sale$109,900
2020-10-30Sold$107,000
2020-09-05Listed for sale$109,900
2019-12-12Listing removed$29,900
2019-12-11Listed for sale$29,900
2019-12-10Sold$25,000
2019-10-24Pending sale$29,900
2019-10-15Listed for sale$29,900
2019-09-19Pending sale$29,900
2019-09-03Price change$29,900
2019-08-16Pending sale$34,900
2019-07-22Price change$34,900
2019-06-19Price change$39,900
2019-05-20Price change$44,900
2019-04-17Price change$49,900
2019-03-18Price change$52,200
2019-02-12Listed for sale$54,900
2013-06-25Sold$18,000
2010-10-16Listing removed$66,900
2010-04-18Listed for sale$66,900
2000-06-01Sold$56,500

For Sale by Agent

AgentJason M Decker
BrokerageRE/MAX United (Main)

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