Ballantine, Lansing, MI Homes for Sale

Ballantine, Lansing, MI Homes for Sale July 16, 2024
16
Listed
60
Avg. DOM
$102.83
Avg. $ / Sq.Ft.
$127,125
Med. List Price
16 Properties
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Welcome to Ballantine, Lansing, MI

Welcome to Ballantine, a charming neighborhood in the vibrant city of Lansing, MI. This community is known for its friendly residents and picturesque streets, where modern amenities meet suburban peace. As of the latest reports, Ballantine boasts a diverse demographic, with a good mix of young professionals, families, and retirees, reflecting the inclusive spirit of the area.

Community Vibe and Demographic Highlights

Ballantine is characterized by its well-kept homes and active community life. With several parks and community centers, it's a place where neighbors gather and families grow. The area has seen a population growth of about 3% over the past year, underscoring its popularity among new homebuyers.

Real Estate Market Overview

The real estate market in Ballantine is currently robust, with a median home price of approximately $143,191, which is competitive given the amenities and lifestyle offered here. This price point is slightly lower than the Lansing average, making Ballantine an attractive option for many.

Current Trends and Pricing

Over the past year, the Ballantine area has experienced a steady appreciation in home values, with an average annual increase of about 5%. Homes in this neighborhood typically range from $120,000 to $300,000, with variations based on size, location, and condition.

Year-over-Year Appreciation Rates

The appreciation rate in Ballantine has been encouraging, reflecting a healthy real estate market. Specifically, the neighborhood has outperformed some nearby areas, with an estimated annual growth rate in home values of approximately 5% compared to the national average of around 3.5%.

Property Types and Architectural Styles

In Ballantine, homebuyers can find a diverse array of property types and architectural styles that cater to a variety of tastes and needs. The neighborhood primarily features single-family homes, which constitute about 70% of all properties, while the rest are a mix of townhomes and condominiums, providing options for individuals and families at different stages of life.

Common Property Types

The majority of homes in Ballantine are detached single-family homes, ranging from cozy two-bedroom cottages to more spacious four-bedroom houses. For those looking for less maintenance, the area also offers several townhome complexes and a few condominiums, which are popular among first-time homebuyers and downsizing retirees alike.

Architectural Styles and Constructions

Architecturally, Ballantine showcases a blend of traditional and modern designs. Classic Colonial and Cape Cod styles are prevalent, many of which have been preserved or thoughtfully updated to include modern amenities. Newer constructions tend to lean towards contemporary styles with open floor plans, large windows, and eco-friendly materials, appealing to a modern aesthetic and sustainability concerns.

Insight into Home Sizes and Property Spaces

The homes in Ballantine vary widely in size, offering something for everyone. The average home here boasts about 1,500 to 2,500 square feet of living space, making it ideal for families looking for room to grow.

Average Square Footage and Property Layout

Most properties in Ballantine feature lots that are typically around 0.25 acres, though it’s not uncommon to find larger plots, especially on the outskirts of the neighborhood. These larger lots often come with landscaped gardens, backyard decks, and ample space for outdoor activities—perfect for entertaining or simply enjoying a quiet evening outdoors.

Recent Sales and Market Activity

The real estate market in Ballantine has been active, with several properties changing hands recently. This activity indicates a healthy interest in the area, which is consistently attracting new residents due to its desirable features and competitive pricing.

Data on Recently Sold Homes and Their Prices

In the past year, homes in Ballantine have sold for prices ranging from $120,000 for cozy two-bedroom homes to $300,000 for larger, more updated four-bedroom homes. The average sale price in the last quarter was around $210,000, which reflects the area's affordability and appeal to a broad market segment.

Market Activity Insights

Homes in Ballantine are selling at a steady pace, with an average of 34 days on the market. This quicker than average turnover rate is a testament to the area's demand. Additionally, homes are selling close to their asking prices, with many achieving at least 95% of their listed price, demonstrating the area's strong market conditions.

Education and School District Information

Ballantine is served by a robust school district that offers excellent educational opportunities from elementary through high school. The area's commitment to quality education is evident in the performance and facilities of its schools.

Local Schools Serving the Ballantine Area

The local schools include several that are highly rated, such as Willow Ridge Elementary School, which has a GreatSchools rating of 9 out of 10. This school is known for its dedicated staff and strong parent involvement, contributing to a supportive learning environment.

School Ratings and Highlights

Other schools serving the Ballantine area also boast good ratings, with average scores ranging from 7 to 9. These schools are equipped with modern facilities and offer numerous extracurricular activities that enhance students' educational experiences, preparing them effectively for their future endeavors.

Local Amenities and Lifestyle

Ballantine offers its residents a plethora of amenities, making it not just a place to live, but a place to thrive. The neighborhood prides itself on its blend of natural beauty and modern conveniences, providing a balanced lifestyle for its inhabitants.

Overview of Amenities

The community features several parks, including Ballantine Park, which spans over 20 acres and includes walking trails, picnic areas, and sports facilities. Additionally, the area boasts a variety of shops and restaurants, ranging from local eateries to international cuisines, all within a short drive from any point in the neighborhood.

Lifestyle and Daily Living

Residents of Ballantine enjoy a vibrant community atmosphere with regular social gatherings, community events, and holiday celebrations. The neighborhood also supports a variety of local businesses, from coffee shops to boutiques, which adds to the charm and convenience of living in this area.

Transportation and Commuting

Ballantine is well-connected to the rest of Lansing and beyond, making it an ideal location for commuters and those who travel frequently.

Public Transportation Options

For those who prefer public transit, several bus lines run through the area, connecting residents to downtown Lansing, shopping centers, and other key locations. The average commute time for residents using public transportation is approximately 25 minutes.

Accessibility to Major Highways

Ballantine’s strategic location offers quick access to major highways such as Interstate 69 and the US-127 corridor. This accessibility significantly reduces travel time for residents who commute to neighboring cities for work, with average driving times to downtown Lansing being around 15 minutes during peak hours.

Future Outlook of Ballantine, Lansing, MI

The future looks bright for Ballantine, with real estate experts predicting continued growth in property values and community amenities. This positive trajectory is supported by ongoing developments and enhancements in local infrastructure, making Ballantine an increasingly desirable place to live.

Predictions for the Real Estate Market

Based on current data and historical trends, the real estate market in Ballantine is expected to see a steady increase in home values. Experts suggest an annual appreciation rate of around 4% over the next five years, bolstered by strong local economic indicators and investment in public services.

Investment Opportunities

The area's growth provides substantial opportunities for real estate investment. Properties in Ballantine are becoming hot commodities, especially for those looking to buy rental properties or invest in fixer-uppers, thanks to the neighborhood's rising popularity and the potential for significant returns on investment.

Why Choose Ballantine, Lansing, MI?

Choosing to live or invest in Ballantine means more than just buying a property; it’s about joining a thriving community. With its robust market conditions, excellent schools, and abundant local amenities, Ballantine offers a quality of life that is hard to match in the Lansing area.

Key Attractions and Benefits

Ballantine's appeal lies in its blend of suburban tranquility and urban convenience. Residents benefit from close-knit community relations, low crime rates, and access to a variety of outdoor and cultural activities that enhance daily living.

Final Thoughts on Lifestyle and Investment Potential

Whether you're seeking a family-friendly neighborhood or a smart investment opportunity, Ballantine provides both. Its ongoing development, coupled with a stable real estate market, ensures that Ballantine remains a top choice for both new homebuyers and seasoned investors.

In summary, Ballantine, Lansing, MI, offers a dynamic blend of lifestyle and investment opportunities. From its diverse architectural styles and vibrant market activity to the quality educational institutions and efficient transportation links, Ballantine promises both a desirable place to live and a prudent investment. With projected positive growth in the real estate market and a community rich in amenities and charm, it's an excellent choice for anyone looking to make a home or an investment in Lansing.