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Chelse Square Of East Village, Lansing, MI Homes for Sale

Chelse Square Of East Village, Lansing, MI Homes for Sale July 16, 2024
15
Listed
63
Avg. DOM
$101.75
Avg. $ / Sq.Ft.
$123,000
Med. List Price
15 Properties
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Introduction to Chelse Square Of East Village

Welcome to Chelse Square Of East Village, one of Lansing, MI's most sought-after neighborhoods. Nestled in the heart of East Village, Chelse Square offers a unique blend of suburban charm and urban convenience. Established in the early 2000s, this community has grown into a vibrant and welcoming area, attracting families, professionals, and retirees alike.

One of the main draws of Chelse Square is its proximity to key amenities and attractions. The neighborhood is just a short drive from downtown Lansing, providing easy access to shopping, dining, and entertainment options. Additionally, the Lansing River Trail, a popular spot for walking, jogging, and biking, is only a few minutes away, offering residents a perfect escape into nature without leaving the city.

The community is known for its well-maintained streets, beautiful landscaping, and a strong sense of community. Whether you're looking for a peaceful place to raise a family or a convenient location close to the city's amenities, Chelse Square Of East Village has something to offer everyone.

Current Market Trends in Chelse Square Of East Village

The real estate market in Chelse Square Of East Village has been dynamic, with a notable increase in property values over the past few years. As of mid-2024, the average home price in this desirable neighborhood is approximately $325,000, reflecting a 5% increase from the previous year.

Homes in Chelse Square vary in price, with smaller properties starting around $275,000 and larger, more luxurious homes reaching up to $400,000. The median price per square foot in the area is $175, making it a competitive market for both buyers and sellers.

Average Listing Prices

The average listing price for homes in Chelse Square has steadily risen, with current listings averaging around $340,000. This price point is higher than many other neighborhoods in Lansing, highlighting the premium that buyers are willing to pay for the location and amenities offered in Chelse Square.

Market Activity

Market activity in Chelse Square remains robust, with homes typically spending just 30-45 days on the market before being sold. This relatively quick turnover rate is a testament to the neighborhood's desirability and the high demand for properties in the area.

Comparing these trends to the broader Lansing real estate market, Chelse Square stands out for its strong property value appreciation and competitive pricing. The Lansing area as a whole has seen moderate growth, but Chelse Square's combination of location, amenities, and community appeal sets it apart as a top choice for homebuyers.

Types of Homes Available in Chelse Square Of East Village

In Chelse Square Of East Village, you'll find a variety of home styles that cater to different tastes and preferences. The neighborhood predominantly features single-family homes, but there are also a few condominiums available for those seeking a low-maintenance lifestyle.

Architectural Styles and Designs

The homes in Chelse Square are known for their diverse architectural styles, ranging from traditional Colonial and Cape Cod designs to more modern and contemporary layouts. Many of the homes were built in the early 2000s, so they combine classic aesthetics with modern amenities.

Property Sizes and Square Footage

Homes in Chelse Square typically range from 1,800 to 3,500 square feet, offering plenty of space for families of all sizes. Lot sizes vary as well, with most properties sitting on quarter-acre to half-acre lots. This provides ample outdoor space for gardens, play areas, and outdoor entertaining.

Pricing and Value

The price of homes in Chelse Square varies depending on size, age, and upgrades. As mentioned earlier, prices start around $275,000 and can go up to $400,000. The average price per square foot is $175, reflecting the high value of properties in this desirable neighborhood.

Inside Chelse Square Homes: Features and Amenities

Homes in Chelse Square Of East Village are designed with modern living in mind, offering a range of features and amenities that appeal to today's homebuyers. From spacious interiors to high-end finishes, these homes have it all.

Standard Home Features

Most homes in Chelse Square come with three to five bedrooms and two to four bathrooms. Open floor plans are common, creating a seamless flow between living, dining, and kitchen areas. Many homes also feature finished basements, adding extra living space for recreation or storage.

Upgrades and Customizations

Buyers can find a variety of upgrades and customizations in Chelse Square homes. Hardwood floors, granite countertops, and stainless steel appliances are popular choices. Some homes also include smart home technology, energy-efficient systems, and custom cabinetry.

Community Amenities

In addition to the individual home features, Chelse Square offers several community amenities. Residents have access to well-maintained parks, walking trails, and a community center. There are also several recreational facilities, including tennis courts and a swimming pool, providing plenty of opportunities for outdoor activities.

Age and Condition of Homes

Most homes in Chelse Square are relatively new, built within the last 20 years. This means they often require less maintenance compared to older properties. The neighborhood is known for its well-kept homes and manicured lawns, contributing to its overall appeal and high property values.

Demographic and Economic Profile of Chelse Square Of East Village

Chelse Square Of East Village is home to a diverse and vibrant community. The neighborhood attracts a mix of families, young professionals, and retirees. According to recent data, the median household income in Chelse Square is around $85,000, which is higher than the average for Lansing, MI.

Population and Household Statistics

The population of Chelse Square is approximately 2,500 residents. The average household size is 2.8 people, with a significant number of families with children. About 65% of the households are owner-occupied, reflecting the community's stability and attractiveness to long-term residents.

Employment and Economic Factors

Residents of Chelse Square benefit from a robust local economy. Many work in nearby business districts, including downtown Lansing, which is just a short commute away. Major employers in the area include Michigan State University, Sparrow Health System, and various state government offices.

Property Taxes and Home Values

Property taxes in Chelse Square are in line with the rest of Lansing, with an average annual tax bill of around $4,000 for a typical home. The strong home values and steady appreciation rates make Chelse Square a sound investment for homeowners.

Schooling Options Near Chelse Square Of East Village

Families with school-aged children will find excellent educational options near Chelse Square Of East Village. The neighborhood is served by several highly-rated public and private schools, ensuring that children receive a quality education close to home.

Public Schools

Chelse Square is part of the Lansing School District. Notable public schools in the area include East Village Elementary School, which has a student-teacher ratio of 16:1, and Lansing Middle School, known for its strong academic programs and extracurricular activities. Lansing High School offers a variety of advanced placement courses and has a graduation rate of 92%.

Private Schools

For those seeking private education, there are several options nearby. Lansing Christian School and St. Mary’s Catholic School both offer rigorous academic curricula and a variety of sports and arts programs. These schools provide smaller class sizes and a more personalized learning experience.

Higher Education

Residents of Chelse Square also benefit from proximity to higher education institutions. Michigan State University, one of the top research universities in the country, is just a 15-minute drive away. Lansing Community College offers a range of associate degree programs and continuing education opportunities.

Distance to Schools

Most schools are conveniently located within a 5-mile radius of Chelse Square, making the daily commute for students quick and easy. The community's commitment to education is evident in the high quality of its local schools and the value placed on academic excellence.

Living in Chelse Square: Lifestyle and Recreation

Chelse Square Of East Village offers a lifestyle that balances convenience and leisure. Residents enjoy access to a variety of recreational activities and community events that cater to all age groups. Whether you prefer outdoor adventures or indoor entertainment, Chelse Square has something for everyone.

Outdoor Activities

The Lansing River Trail, just minutes from Chelse Square, is perfect for walking, jogging, and biking. Potter Park Zoo, located nearby, is a favorite spot for families and wildlife enthusiasts. Additionally, several parks, such as Hawk Island Park and Crego Park, offer facilities for picnicking, fishing, and boating.

Community Events

Chelse Square hosts several community events throughout the year. From summer block parties to holiday festivals, there's always something happening. These events provide excellent opportunities for residents to meet their neighbors and build a strong sense of community.

Shopping and Dining

Residents enjoy easy access to a variety of shopping and dining options. Eastwood Towne Center, a popular shopping destination, is just a short drive away and features a wide range of stores and restaurants. Local favorites include The Soup Spoon Café and El Azteco, offering diverse dining experiences.

Fitness and Wellness

For those focused on fitness and wellness, several gyms and fitness centers are located nearby, including Planet Fitness and the YMCA of Lansing. These facilities offer state-of-the-art equipment, fitness classes, and personal training services to help residents stay active and healthy.

Comparison With Nearby Communities

When considering a move to Chelse Square Of East Village, it's helpful to compare it with other nearby communities. This section highlights the unique advantages of Chelse Square compared to other popular neighborhoods in Lansing.

East Lansing

East Lansing, home to Michigan State University, offers a vibrant college-town atmosphere. While it has a lively social scene and numerous cultural activities, Chelse Square stands out for its quieter, family-friendly environment. Homes in East Lansing tend to be pricier, with an average home price of $375,000, compared to Chelse Square's $325,000.

Old Town Lansing

Old Town Lansing is known for its historic charm and artistic community. While it boasts unique boutiques and galleries, Chelse Square offers more modern homes and amenities. Property sizes in Old Town are generally smaller, with many homes averaging 1,500 square feet, whereas Chelse Square homes typically range from 1,800 to 3,500 square feet.

Delta Township

Delta Township offers suburban living with convenient access to Lansing's amenities. It's a larger community with more expansive property options. However, Chelse Square provides a more cohesive neighborhood feel with its community events and recreational facilities. Additionally, Chelse Square's proximity to downtown Lansing gives it an edge for those seeking a blend of suburban and urban living.

Okemos

Okemos is another nearby community known for its excellent schools and affluent neighborhoods. While Okemos has a higher median home price of $400,000, Chelse Square offers a more affordable option without sacrificing quality. Both areas are great for families, but Chelse Square's newer homes and community amenities make it a compelling choice.

Buying a Home in Chelse Square: Steps and Considerations

Purchasing a home in Chelse Square Of East Village involves several steps, and it's important to be well-prepared. Here’s a guide to help you through the process.

Financing Your Home

Before you start looking at homes, get pre-approved for a mortgage. This will give you an idea of your budget and make you a more attractive buyer. In Chelse Square, typical home prices range from $275,000 to $400,000, so having your finances in order is crucial.

Finding the Right Home

Work with a local real estate agent who knows the Chelse Square market well. They can help you find properties that meet your criteria and negotiate the best deal. Focus on homes that offer the features and amenities you desire, whether that's a spacious backyard, modern kitchen, or proximity to schools and parks.

Making an Offer

Once you find a home you love, make a competitive offer. Given the fast-paced market in Chelse Square, with homes typically selling within 30-45 days, it's important to act quickly. Your agent will guide you on a fair offer price based on comparable sales in the area.

Home Inspection and Closing

After your offer is accepted, schedule a home inspection to ensure the property is in good condition. If any issues are found, negotiate with the seller for repairs or a price reduction. Once the inspection is complete, move forward with closing, which involves finalizing your mortgage, paying closing costs, and signing the necessary documents.

County Tax Information

Be prepared for annual property taxes, which average around $4,000 in Chelse Square. Understanding your tax obligations will help you budget effectively and avoid surprises down the road.

Why Choose Chelse Square Of East Village?

There are many reasons why Chelse Square Of East Village stands out as an excellent choice for homebuyers. Here are a few key points to consider.

Modern, Well-Designed Homes

The homes in Chelse Square are relatively new, with many built in the early 2000s. They feature a variety of architectural styles, including Colonial, Cape Cod, and contemporary designs. With sizes ranging from 1,800 to 3,500 square feet, there's a home to suit every need.

Strong Community and Amenities

Chelse Square offers a strong sense of community, with numerous events and activities that bring residents together. The neighborhood boasts excellent amenities, including parks, walking trails, and recreational facilities like tennis courts and a swimming pool.

Convenient Location

Located just a short drive from downtown Lansing, Chelse Square provides easy access to shopping, dining, and entertainment options. The proximity to major employers and top-rated schools makes it an ideal location for families and professionals alike.

Investment Potential

With a steadily appreciating real estate market, buying a home in Chelse Square is a sound investment. The average home price of $325,000 is expected to rise, making now an excellent time to buy.

Family-Friendly Environment

Finally, Chelse Square is a great place to raise a family. The local schools are highly rated, and the neighborhood's safe, welcoming atmosphere is perfect for children. With plenty of parks and recreational options, there's always something for families to enjoy together.

In summary, Chelse Square Of East Village in Lansing, MI, offers a perfect blend of modern, well-designed homes, strong community amenities, and a convenient location. With its family-friendly environment and promising investment potential, it's an excellent choice for homebuyers looking to settle in a vibrant and welcoming neighborhood.