Investor Special with Endless Potential in Delta Township! Bring your vision to this Cape Cod-style home located at 331 Richard Avenue in Lansing. This property is in need of renovation, but offers incredible upside for an investor, flipper, or a handy homeowner ready to create instant equity. Set on a generous corner lot, the home features a huge fully fenced backyard with wood privacy fencing, perfect for future outdoor living or entertaining. Two detached garages provide ample storage, workshop space, or added value potential. Inside, you'll find a large four-seasons room offering flexible additional living space, plus a full bathroom in the basement, adding convenience and future finishing options. With solid bones, classic Cape Cod charm, and plenty of square footage to reimagine... this is a rare opportunity to transform a diamond in the rough into something truly special. Cash, renovation, or conventional buyers welcome—bring your contractor and imagination!
Sold for $125,000
$125,000
331 Richard Ave, Lansing, MI 48917
3beds
1,101sqft
Single Family Residence
Built in 1952
0.27 Acres Lot
$-- Zestimate®
$114/sqft
$1,662 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,662/mo
Zestimate® history
Owner options
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$1,662/mo
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$669/mo
Est. payment
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List your homeWhat's special
Two detached garagesGenerous corner lot
Zillow last checked:
Listing updated:
Listed by:
Paul E Brown 517-204-1000,
Gateway to Homes
Bought with:
Matthew Smith, 6501378766
RE/MAX Real Estate Professionals Dewitt
Source: Greater Lansing AOR,MLS#: 293245
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Level: First
- Area: 121 Square Feet
- Dimensions: 11 x 11
Bedroom 2
- Level: First
- Area: 121 Square Feet
- Dimensions: 11 x 11
Bedroom 3
- Level: Second
- Area: 192 Square Feet
- Dimensions: 16 x 12
Dining room
- Level: First
- Area: 168 Square Feet
- Dimensions: 14 x 12
Kitchen
- Level: First
- Area: 144 Square Feet
- Dimensions: 12 x 12
Living room
- Level: First
- Area: 280 Square Feet
- Dimensions: 14 x 20
Other
- Description: Four Seasons
- Level: First
- Area: 392 Square Feet
- Dimensions: 28 x 14
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Refrigerator, Range, Oven, Dishwasher
- Laundry: In Basement
Features
- Ceiling Fan(s), Eat-in Kitchen, Laminate Counters, Primary Downstairs
- Flooring: Carpet, Combination, Vinyl
- Basement: Bath/Stubbed,Block,Daylight,Full,Sump Pump
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 1,982
- Total interior livable area: 1,101 sqft
- Finished area above ground: 1,101
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Detached, Driveway, Garage, Garage Door Opener, Garage Faces Side
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Levels: One and One Half
- Stories: 1
- Patio & porch: Deck, Front Porch
- Exterior features: Awning(s), Private Yard
- Fencing: Back Yard,Fenced,Full,Privacy,Wood
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 0.27 Acres
- Dimensions: 90 x 130
- Features: Back Yard, City Lot, Front Yard, Near Public Transit, Private, Rectangular Lot, Corner Lot
Details
- Additional structures: Garage(s)
- Foundation area: 881
- Parcel number: 2304006800025000
- Zoning description: Zoning
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cape Cod
- Property subtype: Single Family Residence
Materials
- Aluminum Siding
- Foundation: Block
- Roof: Shingle
Condition
- Year built: 1952
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Street Lights
Location
- Region: Lansing
- Subdivision: Oak Park
Other
Other facts
- Listing terms: Cash,Conventional
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 2/6/2026 | Sold | $125,000-10.7%$114/sqft |
Source:  Greater Lansing AOR #293245 Report a problem | ||
| 1/14/2026 | Pending sale | $139,900$127/sqft |
Source: Greater Lansing AOR #293245 Report a problem | ||
| 1/1/2026 | Listed for sale | $139,900$127/sqft |
Source: Greater Lansing AOR #293245 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,840 | $98,700 +2.4% |
| 2024 | -- | $96,400 +42.6% |
| 2021 | $2,500 -0.6% | $67,600 +7.8% |
| 2020 | $2,516 | $62,700 +3.7% |
| 2019 | $2,516 +0.7% | $60,466 +1.5% |
| 2018 | $2,499 +7.6% | $59,600 +5.1% |
| 2017 | $2,323 | $56,700 +8.6% |
| 2016 | -- | $52,200 +0.8% |
| 2015 | -- | $51,800 +1.6% |
| 2014 | -- | $51,000 +1.4% |
| 2013 | -- | $50,300 -10.5% |
| 2011 | -- | $56,200 -6% |
| 2010 | -- | $59,800 -8.8% |
| 2009 | -- | $65,600 -9.9% |
| 2008 | -- | $72,800 -4.6% |
| 2007 | -- | $76,300 +3.8% |
| 2006 | -- | $73,500 +4.4% |
| 2005 | -- | $70,400 +6.5% |
| 2004 | -- | $66,100 +22.9% |
| 2002 | -- | $53,800 +6.1% |
| 2001 | -- | $50,700 |
Find assessor info on the county website
Neighborhood: Waverly
Nearby schools
GreatSchools rating
- NAMeryl S. Colt Elementary SchoolGrades: PK-KDistance: 0.4 mi
- 4/10Waverly Middle SchoolGrades: 7-8Distance: 0.7 mi
- 5/10Waverly Senior High SchoolGrades: 9-12Distance: 0.4 mi
Schools provided by the listing agent
- High: Waverly
Source: Greater Lansing AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Michigan
- Eaton County
- Lansing
- 48917
- Waverly
- 331 Richard Ave
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