Bassetts, Lansing, MI Homes for Sale

 

Bassetts, Lansing, MI Homes for Sale July 16, 2024
19
Listed
77
Avg. DOM
$90.24
Avg. $ / Sq.Ft.
$85,500
Med. List Price
19 Properties
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Introduction to Bassetts, Lansing, MI

Welcome to Bassetts, a charming neighborhood nestled in the heart of Lansing, MI. Known for its quaint streets and friendly community atmosphere, Bassetts offers a unique blend of historic charm and modern convenience. This neighborhood, with its mix of traditional and contemporary homes, appeals to a variety of homeowners, from first-time buyers to those looking to downsize.

Neighborhood Characteristics

Bassetts is characterized by its diverse architectural styles, ranging from classic mid-century homes to newer constructions that cater to modern tastes. Many homes in the area feature spacious lots, averaging about 0.25 acres, with mature trees and well-manicured gardens that enhance the neighborhood's aesthetic appeal.

Current Real Estate Market Overview in Bassetts

The real estate market in Bassetts has seen a variety of changes over the past year. Currently, homes in this area have an average listing price of around $200,000, with more substantial properties or renovated homes fetching higher prices.

Market Dynamics

Over the past year, the average home price in Bassetts has increased by approximately 5%, reflecting a growing interest in the area. Homes typically remain on the market for about 35 to 45 days, although well-priced and well-maintained properties can move faster. This trend underscores the neighborhood's desirability and the competitive nature of the Lansing real estate market.

Home Features and Trends

Homes in Bassetts often feature a mix of traditional and modern designs. Many properties boast original hardwood floors, updated kitchens with modern appliances, and energy-efficient upgrades. The average home size in the neighborhood is around 1,500 square feet, commonly including three bedrooms and two bathrooms, making it ideal for families or couples looking for a comfortable living space.

Detailed Home Profiles in Bassetts

In Bassetts, the architectural landscape is rich and varied, showcasing a blend of historical and modern influences. The homes here reflect a deep appreciation for both tradition and contemporary living.

Architectural Styles and Home Features

The predominant architectural styles in Bassetts range from classic American Craftsman bungalows to Colonial revivals, with homes typically built from the 1940s to the 1970s. Many homes have been thoughtfully updated to include modern amenities while preserving their unique historical character. Common features include original woodwork, stained-glass windows, and bespoke built-ins, paired with updated kitchens, smart home technology, and energy-efficient systems.

Construction Materials and Quality

Construction in Bassetts primarily utilizes durable materials like brick, stone, and wood siding, known for their longevity and aesthetic appeal. These materials not only contribute to the distinctive look of the neighborhood but also offer robust insulation and sustainability, keeping homes comfortable throughout Michigan's varied seasons.

Price Range and Home Valuation Trends

The real estate market in Bassetts offers a range of pricing options, catering to various budgets and lifestyle needs. This diversity makes Bassetts an attractive option for many potential homebuyers.

Current Pricing Trends

As of the latest market data, homes in Bassetts are listed anywhere from $150,000 for cozy, single-family homes to over $300,000 for larger, renovated properties. The median sale price in the area currently stands at approximately $220,000, reflecting a stable market conducive to both buying and selling.

Factors Influencing Home Values

Several factors influence home values in Bassetts, including the age and condition of the property, size, and lot size. Upgraded homes with modern amenities such as renovated kitchens, bathrooms, and master suites tend to fetch higher prices. Proximity to key amenities like schools, parks, and commercial areas also significantly impacts property values, making Bassetts a sought-after location for many homebuyers.

Insights into Local Amenities and Infrastructure

Bassetts, Lansing, offers a wealth of amenities that contribute to the quality of life for its residents, making it an appealing neighborhood for families and individuals alike.

Local Amenities

The neighborhood boasts several parks, including Turner-Dodge Park and Hunter Park, which offer walking trails, playgrounds, and community gardens. Dining options range from casual eateries to more upscale dining experiences, ensuring a variety of choices for residents. Shopping is convenient with multiple local boutiques and larger shopping centers like Frandor Shopping Center within a short driving distance.

Transportation and Accessibility

Bassetts benefits from its accessibility to major highways like I-496, making it easy for residents to commute to downtown Lansing or nearby cities. Public transportation is readily available with multiple bus routes serving the area, enhancing connectivity across Lansing.

School Districts and Educational Opportunities

The educational landscape in Bassetts is anchored by a commitment to quality education, with several highly rated schools serving the community.

Local Schools

Within the vicinity are several notable schools, including Willow Elementary School known for its robust STEM programs, and Pattengill Academy, which offers a diverse array of extracurricular activities. J.W. Sexton High School is recognized for its college preparatory courses, providing an excellent foundation for higher education.

Nearby Educational Institutions

Beyond primary and secondary education, Lansing is home to Michigan State University, one of the top research universities in the country, located just a short drive from Bassetts. This proximity to a major university not only benefits local students but also enriches the community with cultural and educational events throughout the year.

Community and Demographics

Bassetts is a vibrant community characterized by a diverse demographic makeup and a strong sense of neighborhood unity. This area attracts a wide range of residents, from young professionals to families and retirees.

Demographic Profile

The neighborhood is home to approximately 5,000 residents with a median age of 35 years. About 60% of the population owns their homes, reflecting a stable residential base. The average household income in Bassetts is around $55,000, which is in line with the broader Lansing area.

Community Engagement

Bassetts boasts active community groups and organizations that foster a strong community spirit. Annual events, such as the Bassetts Neighborhood Festival and seasonal farmer’s markets, are popular among residents, offering opportunities to connect and engage with neighbors.

Property Size and Layout Options

The homes in Bassetts vary widely in size and layout, offering options for every type of buyer. Whether you’re looking for a cozy starter home or a more spacious family residence, Bassetts has something to fit your needs.

Typical Property Sizes

Properties in Bassetts typically range from 1,200 to over 2,500 square feet. The lots are generously sized, often between 0.2 to 0.5 acres, providing ample outdoor space for gardens, play areas, and entertainment.

Popular Home Layouts

The most common home layouts include three-bedroom, two-bathroom configurations, making them ideal for families. Many homes also feature open-plan living areas, finished basements, and attached garages, catering to modern living requirements and preferences.

Tips for Home Buyers in Bassetts

For those considering a move to Bassetts, understanding the local real estate nuances can help you make a well-informed decision. Here are a few tips to navigate the Bassetts housing market effectively.

Understanding Market Timing

The best time to buy in Bassetts is typically during the fall and winter months when the market is less competitive. However, buyers should be ready to move quickly, as homes can sell fast due to the neighborhood’s popularity.

Navigating Financial Aspects

It’s advisable to get pre-approved for a mortgage to better understand your budget and enhance your negotiating power. Also, consider exploring local grants and programs available for first-time homebuyers, which can offer financial assistance.

Future Outlook for Bassetts, Lansing, MI

The future looks bright for Bassetts, with continued interest in residential developments and enhancements to local amenities. The ongoing investments in infrastructure and community facilities suggest a positive trend in property values and quality of life.

Real Estate Projections

Real estate experts predict that Bassetts will experience steady growth in property values, driven by its desirable location and ongoing community improvements. The influx of new residents and businesses will likely keep the real estate market vibrant and competitive.

Developments and Community Planning

Planned developments include more green spaces and improved public transportation options, which aim to enhance the livability of Bassetts. These initiatives are expected to attract more families and professionals to the area, further boosting the community's dynamism.

In summary, Bassetts offers a diverse range of homes, from historic properties to modern renovations, coupled with strong community ties and ample amenities. Its vibrant real estate market and promising future developments make it an appealing option for potential homebuyers. Whether you are looking for a bustling community or a quiet place to settle, Bassetts provides a welcoming environment with a promising outlook for investment and growth.