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401 Richard Ave, Lansing, MI, 48917

3beds
2baths
1,400sqft
$239,900
$171price/sqft
$1,775/moest. monthly cost
$71,000/yrincome needed

About This Home

Charming 3-bedroom, 1.5-bath brick ranch on a corner lot! Enter through the custom-built front door into a spacious home with hardwood floors throughout. The large living room features a stone fireplace, while the kitchen and eat-in dining area provide plenty of space for family gatherings. The unfinished basement offers additional living space with a second fireplace, perfect for future expansion. All appliances are included. Enjoy a fenced backyard with a 12’x24’ storage building and a two-car detached garage with an attached back room, ideal for a workshop. A warm, inviting home ready for new memories!

Getting Around

64
WalkingSomewhat Walkable
27
TransitSome Transit
47
BikeSomewhat Bikeable

Schools

4/10
Waverly Middle SchoolGrades 5-80.7 mi
5/10

Construction

Condition

  • Year built: 1949

Materials

  • Foundation: Basement,Block,Crawl Space
  • Roof: Asphalt
  • Construction materials: Brick

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Free Standing Electric Oven,Free Standing Refrigerator,Washer

Basement

  • Has basement: Yes
  • Basement: Full,Unfinished

Bedroom

  • Level: Entry
  • Area: 110
  • Dimensions: 10 X 11

Bedroom

  • Level: Entry
  • Area: 100
  • Dimensions: 10 X 10

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1

Features

  • Fireplace features: Basement
  • Fireplace: Yes
  • Finished area above ground: 1,400

Heating

  • Heating features: Forced Air,Natural Gas

Interior Area

  • Total interior livable area: 1,400 sqft

Living Room

  • Level: Entry
  • Area: 299
  • Dimensions: 23 X 13

Other

  • Level: Entry
  • Area: 66
  • Dimensions: 6 X 11

Other

  • Level: Entry
  • Area: 28
  • Dimensions: 4 X 7

Other

  • Level: Entry
  • Area: 210
  • Dimensions: 15 X 14

Primary Bedroom

  • Level: Entry
  • Area: 165
  • Dimensions: 11 X 15

Property

Details

  • Parcel number: 04006800023000
  • Special condition: Short Sale No,Standard
  • Exclusions: Exclusion(s) Exist

Features

  • Levels: One
  • Stories: 1
  • Entry location: GroundLevel
  • Pool features: None
  • Fencing: Back Yard

Lot

  • Lot size: 0.30 Acres
  • Features: Corner Lot
  • Lot size dimensions: 100 x 120

Parking

  • Total spaces: 2
  • Parking features: Two Car Garage,Detached
  • Has garage: Yes
  • Attached garage spaces: 2

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
  • Hail
    HailModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Cold Wave
Hail
Strong Wind
Tornado

FEMA Declared Disasters in Eaton 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 $1,213$14,556
Home Insurance *$107$1,284
Property Taxes $267$3,204
Electricity $188$2,259
Total$1,775$21,300
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$60,857/yr
40% on housing$53,250/yr
45% on housing$47,333/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: 1.5%
1.5%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 1.7%
1.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$171This listing

vs Other Active Listings

Avg $/sqft

ZIP 48917$129
Eaton County$139

vs Homes Sold Last Month

Median $/sqft

ZIP 48917$141
Eaton County$142

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
2026-03-12Price change$285,000
2025-12-22Listed for sale$299,900
1986-01-03Sold$50,000

For Sale by Agent

AgentFrank L Choate
BrokerageAllstate Properties.com

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