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536 Shepard St, Lansing, MI, 48912

2beds
1baths
714sqft
$69,900
$98price/sqft
$687/moest. monthly cost
$27,480/yrincome needed

About This Home

Opportunity awaits with this 2-bedroom, 1-bath ranch situated on a desirable corner lot! This home offers plenty of potential for buyers looking to build equity with a little TLC and sweat equity. Original hardwood flooring is believed to be beneath the carpet, providing an exciting opportunity to restore its classic charm. Enjoy relaxing on the covered front porch, and take advantage of the convenient location near Potter Park Zoo with quick access to nearby highways for an easy commute. Whether you're a first-time homebuyer, investor, or someone looking for an affordable project, this home is full of possibilities—all for under $70,000. Don't miss your chance to make it your own!

Getting Around

69
WalkingSomewhat Walkable
38
TransitSome Transit
80
BikeVery Bikeable

Schools

4/10
Pattengill AcademyGrades PK-81.0 mi
5/10
Eastern High SchoolGrades 9-120.8 mi
6/10
Cavanaugh SchoolGrades PK-33.0 mi

Construction

Condition

  • Year built: 1922

Materials

  • Roof: Composition
  • Construction materials: Aluminum Siding

Type & Style

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

Interior

Appliances

  • Laundry features: In Basement

Basement

  • Basement: Full

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: 714
  • Total interior livable area: 714 sqft

Property

Details

  • Parcel number: 33010115482111
  • Zoning description: Res

Features

  • Stories: 1

Lot

  • Lot size: 3,484 sqft
  • Features: Corner Lot,Sidewalk
  • Lot size dimensions: 33 x 99

Parking

  • Total spaces: 1
  • Parking features: Detached
  • 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

  • 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 $353$4,236
Home Insurance *$44$528
Property Taxes $102$1,224
Electricity $188$2,259
Total$687$8,244
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$23,554/yr
40% on housing$20,610/yr
45% on housing$18,320/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

$98This listing

vs Other Active Listings

Avg $/sqft

ZIP 48912$68
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)

No zestimate history available

Price History

DateEventPrice
2026-07-31Listed for sale$69,900
2011-08-04Sold$11,101
2011-05-25Listed for sale$11,000
2010-10-07Sold$59,503
2002-08-21Sold$61,000

For Sale by Agent

AgentSamuel M Masteller
BrokerageBerkshire Hathaway HomeServices Michigan Real Estate (Main)

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