502 S Fairview Avenue, Lansing, MI 48912

$185,000 Asking Price

3 beds
3 baths
1,456  sqft
Built in 2024

Be a homeowner for $1,000! It sounds too good to be true- The Ingham County Land Bank has done it again! This brand new 3 bd,2.5 bath 2 story modular has an open main floor layout featuring an ADA compliant ramp to the back door, lots of countertops in the kitchen, and guest 1/2 bath. 3 large bedrooms are on the second floor featuring an en suite. The lower level has lots of possibilities with an egress window and high ceilings. Don't miss your chance for this once in a lifetime opportunity. DPA is available through Ingham County's Housing Trust Fund up to $30,000! See attached flyer for program requirements. Buyer's must income qualify. See attached documents for additional information. There is a gap mortgage. Call for more information- I know this one is different. Funding requirements will require a gap silent second mortgage that is forgiven after 20 years, but there is prorated forgiveness for each year the owner is there. We know there will be lots of questions- we have answers. All offers must be accompanied by a fully completed application attached.

Features & Amenities

Interior

General:
Pantry
Appliances:
Disposal, Microwave, Stainless Steel Appliance(s), Water Heater, Washer, Refrigerator, Range, Oven, Dryer, Dishwasher
Laundry:
In Basement
Basement:
Bath/Stubbed, Egress Windows, Full
A/C:
true, Central Air
Heating:
true, ENERGY STAR Qualified Equipment, Forced Air, Natural Gas
Disability Feature:
Accessible Approach with Ramp, Accessible Central Living Area, Accessible Doors, Accessible Entrance, Central Living Area, Visitor Bathroom

Exterior

General:
Shed(s)
Style:
Modular, Traditional
Parking:
Driveway

Construction

General:
Vinyl Siding, Two, 728.0

Location

Originating MLS:
Greater Lansing Association of REALTORS®
School District:
Lansing
County:
Ingham

Lot

Zoning:
LOTS 169 & 170 LESLIE PARK SUB SPLIT/COMBINED ON 11/14/2022 FROM 33-01-01-14-357-201, 33-01-01-14-357-211;, 33-01-01-14-357-202

Utilities

Water:
Public
Sewer:
Public Sewer

Financial

Source:
Greater Lansing Association of REALTORS®

This listing courtesy of:
RE/MAX Real Estate Professionals, Rooted Real Estate Of Greater Lansing

About Lansing, MI

Housing

Number of Units
77,949
Median Home Value
$120,008
Median Rent
$733

46.38% of housing units are renter occupied.

8.24% are vacant.

Commute

Car
75.93%
Public Transportation
3.17%
Walk to Work
2.08%
Work from Home
17.71%
Other
0.45%

The median travel time to work is 17 minutes.

People

Population
162,307
Median Age
36.40
Median Household Size
2.37

Education

High School
25.61%
Associate’s Degree
9.82%
Bachelor’s Degree
19.30%
Graduate Degree
11.53%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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