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Addmore Park, Lansing, MI Homes for Sale

Addmore Park, Lansing, MI Homes for Sale July 12, 2024
Avg. DOM
Avg. $ / Sq.Ft.
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15 Properties
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Welcome to Addmore Park: A Snapshot of the Neighborhood

Located in the vibrant city of Lansing, Michigan, Addmore Park offers a unique blend of suburban charm with close proximity to urban amenities. This neighborhood is renowned for its well-maintained homes, friendly community atmosphere, and accessibility to major highways and commercial areas. Homes in Addmore Park typically feature traditional and ranch styles, with many properties boasting updates and modern amenities.

Neighborhood Overview

Addmore Park is a peaceful, residential area characterized by its tree-lined streets and family-friendly environment. The homes here are mostly single-family residences, with an average construction year around the 1940s, reflecting a rich historical charm combined with modern renovations.

A Look at Current Listings and Recent Sales

In recent times, Addmore Park has seen a range of homes for sale, from charming vintage houses to more contemporary renovated properties. The prices of homes in this neighborhood vary, typically ranging from $80,000 to $250,000, depending on size, condition, and location within the community. These homes offer an average living space of 800 to 1,200 square feet.

Market Trends

The real estate market in Addmore Park remains robust, with properties spending an average of 30 to 45 days on the market. This quick turnover rate highlights the area's high demand, likely due to its excellent location and the quality of life it offers residents. Recent sales have shown a steady increase in price per square foot, currently averaging around $100, indicating a healthy appreciation of property values in the area.

Detailed Property Profiles: Architecture and Design

Addmore Park features a diverse range of architectural styles that cater to various tastes and preferences. Most homes in this area are designed in traditional or ranch styles, showcasing the community's mid-20th-century origins. Construction materials predominantly include durable vinyl siding, known for its low maintenance and longevity. Homes are typically designed with both functionality and aesthetic appeal in mind, offering practical layouts enhanced by decorative details.

Historical Charm Meets Modern Comfort

The homes in Addmore Park reflect a blend of historical charm and contemporary upgrades. While many properties retain their original structures from as early as the 1940s, numerous homes have been thoughtfully renovated to include modern amenities such as updated kitchens, energy-efficient windows, and enhanced insulation. This blend of old and new provides residents with character-filled homes that meet today's standards of comfort and efficiency.

Living Space Analysis: Inside Addmore Park Homes

The interior of Addmore Park homes offers a variety of living spaces designed to accommodate families of different sizes. Average home sizes in the area range from 800 to 1,200 square feet, typically featuring two to three bedrooms. This size is ideal for small to medium-sized families or those looking for manageable spaces that are easy to maintain.

Interior Features and Upgrades

Many homes in Addmore Park boast significant interior upgrades that enhance both functionality and aesthetic value. Common upgrades include hardwood floors, stainless steel appliances, granite countertops, and renovated bathrooms. These features not only improve the daily living experience but also contribute to the overall market value of the homes.

Lot Size and Landscaping Features

Properties in Addmore Park typically feature lots that average around 4,356 square feet, offering ample space for outdoor activities and gardens. The standard lot dimensions are about 32 feet by 132 feet, providing a comfortable suburban feel with enough room for privacy without the burden of extensive maintenance.

Outdoor Appeal

The neighborhood's landscaping is characterized by mature trees and well-kept lawns, enhancing the aesthetic appeal and community feel of the area. Many residents take pride in their outdoor spaces, adding personal touches like flower gardens, vegetable patches, and patio areas for entertaining.

Price Per Square Foot: Understanding Value in Addmore Park

The price per square foot in Addmore Park is currently around $100, reflecting the area's desirable location and community amenities. This pricing is competitive within the Lansing market, making Addmore Park an attractive option for buyers looking for value and quality in their home investment.

Market Insights

Comparing these figures to broader market trends, Addmore Park offers a solid investment with homes appreciating steadily over the years. This consistent rise in property values indicates a healthy real estate market and a promising area for potential homeowners and investors alike.

Local School Insights: Education Near Home

Addmore Park is served by the Lansing School District, offering various educational options for families. Key institutions include Lyons School for grades PreK-3, located just 0.3 miles from the neighborhood, and Attwood School for grades 4-6, which is about 2.4 miles away. For older students, Eastern High School serves grades 7-12 and is approximately 2.5 miles from Addmore Park.

Academic Environment

The local schools provide a supportive academic environment with various programs to cater to diverse student needs. Although the schools currently have lower performance ratings, with Lyons School and Attwood School rated at 2/10 and Eastern High School at 3/10, there are ongoing efforts to enhance educational outcomes and resources.

Community Amenities and Lifestyle

Addmore Park residents enjoy access to a variety of amenities that contribute to a high quality of life. The neighborhood is close to several parks and recreational facilities, which host regular community events and activities that encourage neighborly connections and active lifestyles.

Local Attractions and Activities

The community's proximity to downtown Lansing allows residents to take advantage of urban amenities, including shopping, dining, and cultural events, while living in a more relaxed, suburban setting. The area is also noted for its walkability, with most daily errands and activities being easily accessible by foot.

Investment Potential: Real Estate Trends in Addmore Park

The real estate market in Addmore Park, Lansing, MI, shows promising trends for potential investors and homebuyers alike. With property values steadily increasing over the years, the area has seen a healthy appreciation, making it a wise choice for those looking to invest in a growing community. Recent trends indicate a sustained demand for properties, partly due to the neighborhood's appeal and strategic location.

Why Invest in Addmore Park?

The neighborhood's ongoing development and enhancement of local amenities make it an attractive option for long-term investment. The steady rise in property values, coupled with a robust rental market, offers a compelling case for potential investors seeking profitable opportunities in Lansing.

Navigating Your Home Purchase in Addmore Park

For those interested in purchasing a home in Addmore Park, understanding the local real estate dynamics is crucial. Prospective buyers should consider the zoning regulations, which primarily allow for single-family and short-term rental properties, ensuring compatibility with their investment or living needs. Additionally, engaging with knowledgeable local realtors can provide insights into the best opportunities and streamline the buying process.

Steps to Acquire a Home in Addmore Park

Begin by assessing your financial options, such as mortgage rates and down payment requirements, which currently average at 3.5% interest for a 30-year fixed mortgage. Furthermore, familiarize yourself with the local property tax rates and potential utility costs to ensure a well-informed purchase decision.

Exploring Addmore Park, Lansing, MI offers potential homebuyers and investors a comprehensive look into a neighborhood rich in history, community amenities, and real estate potential. From its accessible education options and inviting community spaces to the promising investment opportunities and strategic home buying insights, Addmore Park represents a balanced blend of residential charm and economic opportunity.