Englewood, Lansing, MI Homes for Sale

Englewood, Lansing, MI Homes for Sale July 12, 2024
17
Listed
56
Avg. DOM
$85.14
Avg. $ / Sq.Ft.
$99,900
Med. List Price
17 Properties
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Overview of Englewood, Lansing Real Estate Market

Englewood, a charming neighborhood in Lansing, Michigan, has become a hotspot for homebuyers and investors alike. With a median home price of around $184,900, the real estate market here is competitive and fast-paced. Over the past year, home values have increased by an average of 7.7%, reflecting the area's growing popularity. Homes in Englewood typically stay on the market for about 32 days, significantly lower than the national average, indicating high demand.

Market Competitiveness

The competitiveness score for the Englewood market is 77 out of 100, meaning buyers need to act quickly when a desirable property becomes available. Homes often sell for about 12% over the listing price, particularly in sought-after areas like Springfield Lane. For example, a home in this neighborhood recently sold for $301,402, showing a 16% increase over its listing price.

Property Details

The typical Englewood home offers around 1,940 square feet of living space, making it ideal for families. The variety of homes ranges from quaint starter houses to spacious family residences, ensuring there's something for every buyer. For instance, a recent listing features a 4-bedroom, 2-bathroom home priced at $184,900, with 1,140 square feet of living space on a 6,970 square foot lot.

Recent Market Trends in Englewood

The real estate market in Englewood has shown remarkable activity in recent months. Home prices have surged, with many properties selling quickly and above the asking price. This trend is driven by a combination of high demand and limited supply, which has created a robust seller's market.

Sales Prices and Days on Market

Englewood homes are selling for an average of 12% over their listing prices, reflecting the competitive nature of the market. The average time a home spends on the market is just 32 days, which is a strong indicator of buyer interest and market health. This quick turnover means buyers need to be prepared to make swift decisions to secure their desired property.

Neighborhood Comparisons

Comparing Englewood to other nearby neighborhoods like Springfield Lane and Guenther Ave reveals similar trends. For example, in Guenther Ave, a 2-bedroom home recently sold for $140,000 on a large 0.71-acre lot. In contrast, Englewood homes tend to be slightly more expensive, reflecting the neighborhood's desirability and amenities.

Home Prices and Property Details

Englewood offers a range of home prices and property details that cater to various preferences and budgets. For example, a 3-bedroom, 2-bathroom home is currently listed at around $224,500. This property provides 990 square feet of living space on a 5,227 square foot lot. Larger homes, like those on Malpaso Drive, can reach prices of $530,000, featuring 4,385 square feet, 5 bedrooms, and 5 bathrooms on a 0.54-acre lot.

Typical Property Features

Homes in Englewood typically offer about 1,940 square feet of living space, perfect for growing families. Properties in this area come with various upgrades, including modern kitchens, energy-efficient appliances, and smart home technology. Many homes also feature spacious yards, ideal for outdoor activities and gardening.

Architectural Styles

The neighborhood boasts a variety of architectural styles, from traditional American homes with gabled roofs and cozy front porches to contemporary designs with open floor plans and large windows. This diversity allows buyers to choose homes that fit their aesthetic preferences and lifestyle needs.

Architectural Styles and Designs

Englewood is known for its rich architectural diversity. Homes here range from classic American styles to modern designs, providing options for every taste. Traditional homes often feature gabled roofs, large front porches, and classic brick or wood siding. These homes exude charm and character, making them a popular choice for families.

Modern Home Designs

Modern homes in Englewood are designed with open floor plans, maximizing space and natural light. These properties often include large windows, sleek lines, and sustainable materials. Many modern homes also come equipped with smart home features, offering convenience and energy efficiency for tech-savvy buyers.

Notable Features and Amenities

Homes in Englewood come with various amenities, such as updated kitchens with granite countertops, stainless steel appliances, and hardwood floors. Outdoor spaces often include landscaped yards, patios, and sometimes even pools. These features add significant value and appeal to potential buyers looking for comfort and luxury.

Age and Construction of Homes

Englewood features a variety of homes, ranging from historic properties to new developments. Many homes are over 50 years old, showcasing classic architecture and solid construction. These older homes often have charming details like hardwood floors and built-in cabinetry. Newer constructions in Englewood emphasize modern design elements, energy efficiency, and smart home technology.

Historic Homes

The historic homes in Englewood often feature traditional designs with brick or wood exteriors, large front porches, and spacious interiors. These homes have stood the test of time, offering durability and character. Renovations in these older homes typically include updated kitchens and bathrooms, maintaining their charm while providing modern conveniences.

New Developments

Newer homes in Englewood focus on open floor plans, large windows for natural light, and sustainable building materials. These properties often include energy-efficient appliances, advanced HVAC systems, and smart home features. The construction quality of these homes is top-notch, ensuring they meet contemporary standards and buyer expectations.

Property Sizes and Lot Information

Englewood offers a range of property sizes, catering to different needs and preferences. Typical lot sizes are around 5,227 square feet, providing ample outdoor space for families. Larger lots are also available, offering more privacy and potential for landscaping or outdoor activities.

Standard Lot Sizes

The average property in Englewood sits on a lot of about 5,227 square feet. This size allows for a comfortable yard, perfect for gardening, play areas, or entertaining. Homes on these lots typically offer around 1,940 square feet of living space, providing enough room for families to grow.

Larger Properties

For those seeking more space, Englewood also has properties on larger lots, sometimes exceeding half an acre. These lots provide extensive outdoor areas, ideal for custom landscaping, additional buildings, or even small-scale farming. For example, a property on Malpaso Drive offers a 0.54-acre lot, featuring a luxurious 4,385 square feet home with 5 bedrooms and 5 bathrooms.

Schools and Education

Englewood is served by several reputable schools, making it an attractive choice for families. Some of the top schools in the area include Lansing Eastern High School and Pattengill Academy. These schools are known for their strong academic programs and extracurricular activities. Additionally, Lansing Community College and Michigan State University are nearby, offering higher education opportunities.

Elementary and Middle Schools

For younger children, schools like Post Oak Academy and Sheridan Road STEM Magnet School provide excellent education with a focus on science, technology, engineering, and math. These schools have high ratings and are well-regarded within the community.

High Schools and Beyond

Lansing Eastern High School offers a variety of advanced placement courses and strong athletics programs. The proximity to Michigan State University also allows high school students to take advantage of college-level courses and resources, preparing them well for their future academic careers.

Nearby Communities and Amenities

Englewood's location provides easy access to numerous amenities and nearby communities. Residents can enjoy the benefits of living close to Downtown Lansing, with its variety of dining, shopping, and entertainment options. Additionally, parks such as Hawk Island Park and Fenner Nature Center offer outdoor recreational activities.

Shopping and Dining

Englewood residents have access to a range of shopping options, from local boutiques to large retail centers like the Lansing Mall. Dining options are diverse, including popular spots like The Soup Spoon Café and Lansing Brewing Company, offering everything from casual to fine dining experiences.

Recreation and Leisure

Parks and recreational facilities are abundant in and around Englewood. Hawk Island Park features a splash pad, swimming beach, and walking trails, while Fenner Nature Center offers nature trails and educational programs. These amenities provide ample opportunities for outdoor activities and family outings.

Upgrades and Home Features

Homes in Englewood come with various desirable upgrades and features. Many properties include modern kitchens with granite countertops, stainless steel appliances, and custom cabinetry. Hardwood floors and updated bathrooms are also common, enhancing the overall appeal and value of these homes.

Energy Efficiency

Energy-efficient features are a significant draw for Englewood homes. Many properties come equipped with high-efficiency HVAC systems, double-pane windows, and smart home technology that helps reduce utility costs and environmental impact.

Outdoor Amenities

Outdoor spaces in Englewood often feature landscaped yards, patios, and sometimes even pools. These amenities provide great areas for relaxation and entertaining, making homes in this neighborhood even more attractive to potential buyers.

Investment Potential

Englewood's real estate market shows strong investment potential due to its consistent home value increases and high demand. The average home price has risen by 7.7% over the past year, indicating a robust market.

Rental Opportunities

The high demand and competitive market make Englewood an excellent area for rental investments. Properties here can yield good rental income, especially given the neighborhood's amenities and proximity to schools and parks.

Long-Term Value

With continued growth and development in the area, property values in Englewood are expected to keep rising. This trend makes buying a home here a wise long-term investment, whether for personal residence or rental purposes.

Englewood, Lansing offers a diverse and dynamic real estate market with a variety of home styles and prices. From historic homes with charming details to modern constructions with energy-efficient features, there is something for everyone. The neighborhood's reputable schools, abundant amenities, and strong investment potential make it an attractive choice for families and investors alike. With a median home price of around $184,900 and an average living space of 1,940 square feet, Englewood provides excellent value in a competitive market.