331 Richard Ave, Lansing, MI 48917
Property image
Property image
SOLD
FEB 6, 2026

331 Richard Ave
Lansing, MI 48917

Waverly
  • 3 Beds
  • 2 Baths
  • 1,101 sqft (on 0.27 acres)

$125,000

Last Sold: Feb 6, 2026
11% below list $140K
$114/sqft
Est. Refi. Payment $907/mo*

$125,000

Last Sold: Feb 6, 2026
11% below list $140K
$114/sqft
Est. Refi. Payment $907/mo*
3 Beds
2 Baths
1,101 sqft
(on 0.27 acres)

Local Information

  • Map ViewExplore the area around 331 Richard Ave.
  • Schools1 Preschool School3 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1952
Lot Size
0.27 acres
Living Area
1,101 sqft
Price/Sqft
$114/sqft
Parking
Garage

About this House

Investor Special with Endless Potential in Delta Township! Bring your vision to this Cape Cod-style home located at 331 Richard Avenue in Lansing. This property is in need of renovation, but offers incredible upside for an investor, flipper, or a handy homeowner ready to create instant equity. Set on a generous corner lot, the home features a huge fully fenced backyard with wood privacy fencing, perfect for future outdoor living or entertaining. Two detached garages provide ample storage, workshop space, or added value potential. Inside, you'll find a large four-seasons room offering flexible additional living space, plus a full bathroom in the basement, adding convenience and future finishing options. With solid bones, classic Cape Cod charm, and plenty of square footage to reimagine... this is a rare opportunity to transform a diamond in the rough into something truly special. Cash, renovation, or conventional buyers welcome—bring your contractor and imagination!
331 Richard Ave, Lansing, MI 48917 is a 3 bedroom, 2 bathroom, 1,101 sqft single-family home in Waverly, built in 1952. It last sold for $125,000 on Feb 6, 2026 (11% below the $139,900 asking price). It is currently off market. The Trulia Estimate rent is $1,728/month.

Home Details for 331 Richard Ave

Interior Features

Interior Details
Basement: Bath/Stubbed,Block,Daylight,Full,Sump PumpNumber of Rooms: 7Types of Rooms: Master Bedroom, Bedroom 2, Bedroom 3, Dining Room, Kitchen, Living Room, Other
Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 2Number of Bathrooms (full): 2
Dimensions and Layout
Living Area: 1101 Square FeetFoundation Area: 881
Appliances & Utilities
Appliances: Refrigerator, Range, Oven, DishwasherDishwasherLaundry: In BasementRefrigerator
Heating & Cooling
Heating: Forced Air,Natural GasHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Forced Air
Fireplace & Spa
Fireplace: NoneNo Fireplace
Windows, Doors, Floors & Walls
Flooring: Carpet, Combination, Vinyl
Levels, Entrance, & Accessibility
Stories: 1.5Levels: One and One HalfFloors: Carpet, Combination, Vinyl
View
Has a ViewView: Neighborhood

Exterior Features

Exterior Home Features
Roof: ShinglePatio / Porch: Deck, Front PorchFencing: Back Yard, Fenced, Full, Privacy, WoodOther Structures: Garage(s)Exterior: Awning(s), Private YardFoundation: Block
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2Has a GarageNo Attached GarageHas Open ParkingParking Spaces: 2Parking: Detached,Driveway,Garage,Garage Door Opener,Garage Faces Side
Frontage
Road Frontage: City StreetRoad Surface Type: Paved
Water & Sewer
Sewer: Public Sewer
Finished Area
Finished Area (above surface): 1101 Square Feet

Property Information

Year Built
Year Built: 1952
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Cape Cod
Building
Construction Materials: Aluminum SidingDoes Not Include Home Warranty
Property Information
Parcel Number: 2304006800025000

Price & Status

Price
List Price: $139,900Price Per Sqft: $114/sqft
Status Change & Dates
Off Market Date: Wed Jan 14 2026

Active Status

MLS Status: Closed

Location

Direction & Address
City: LansingCommunity: Oak Park
School Information
High School: WaverlyHigh School District: Waverly

Building

Building Area
Building Area: 1982 Square Feet

Community

Community Features: Street Lights

Lot Information

Lot Area: 0.27 acres

Offer

Listing Terms: Cash, Conventional

Miscellaneous

BasementMls Number: 293245Above Grade Unfinished Area: 1101

Additional Information

Street Lights
Last check for updates: about 3 hours ago
Listed by Paul E Brown, (517) 204-1000
Gateway to Homes
Bought with: Matthew Smith, (517) 712-9760, RE/MAX Real Estate Professionals Dewitt
Source: Greater Lansing AOR, MLS#293245

Price History for 331 Richard Ave

DatePriceEventSource
02/06/2026$125,000Sold
Greater Lansing AOR #293245
01/14/2026$139,900PendingGreater Lansing AOR #293245
01/01/2026$139,900Listed For SaleGreater Lansing AOR #293245

Market trends in Waverly

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$254K
Sale-to-List Price
Price per sq ft
$144
Available listings
40
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Property Tax and Assessment

Year2025
Tax$2,840
Assessment$197,400
Home facts updated by county records

Comparable Sales for 331 Richard Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.16
Single-Family Home
$196,500
09/20/25
3
2
1,476
0.11
Single-Family Home
$266,500
06/05/26
3
2
1,212
0.28
Single-Family Home
$163,000
08/29/25
3
1.5
1,212
0.13
Single-Family Home
$178,500
05/06/26
2
1.5
1,141
0.11
Single-Family Home
$142,000
05/22/26
2
1
912
0.16
Single-Family Home
$190,000
12/01/25
3
1
1,008
0.18
Single-Family Home
$238,500
02/02/26
3
2
1,494
0.20
Single-Family Home
$180,000
05/18/26
3
1
1,040

Nearby homes

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Assigned Schools

These are the assigned schools for 331 Richard Ave.
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Neighborhood stats provided by third party data sources.

What Locals Say about Waverly

At least 75 Trulia users voted on each feature.
  • 93 % Say it's dog friendly

  • 85 % Say parking is easy

  • 82 % Say yards are well-kept

  • 81 % Say car is needed

  • 77 % Say there are sidewalks

  • 75 % Say there's holiday spirit

  • 71 % Say it's quiet

  • 71 % Say kids play outside

  • 71 % Say people would walk alone at night

  • 65 % Say it's walkable to grocery stores

  • 65 % Say streets are well-lit

  • 64 % Say it's walkable to restaurants

  • 56 % Say neighbors are friendly

  • 54 % Say they plan to stay for at least 5 years

  • 50 % Say there's wildlife

  • 32 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Elizabeth Snyder
    "There are a lot of dogs in this neighborhood and a lot of trails in the neighborhood to go on walks."
  • Vanessa A. C.
    "friendly area, nice walkways to take a day time stroll. Parks nearby for kids to play at. there are plenty of nearby stores so its nice to have it all around our neighborhood. I wish there were more stop signs though or a speed limit when in the neighborhoods or any sign that reads " kids at play" because we live on a busy street and there are alot of kids playing outside and there are too many fast drivers "
  • Alan C.
    "lot of streets easy driving. Easy to get where you need. Near a lot of places to get food a Kroger, Meijer, and a Walmart. You also have Horrocks which gets bigger, and better everytime I go."
  • Relle B.
    "There’s good school district and you can pretty much get to any store you need quickly. The parks and side or the roads are well maintained "
  • Ashley K.
    "People are always out walking their dogs around. And they always seem so welcome at the parks in the area as well."
  • Tray S.
    "They would like that this a dog welcoming and loving community. People are always walking and running with their dogs safely on leashes and picking up after them."
  • Cynthia M.
    "I lived here for almost a year and has to be the best side of town I felt safest on.................."
  • Andykarr24
    "Centralized area for schools, grocery, restaurants and more. It’s like living in the city but not quite actually in the city. Anything you would ever need can be found with in the borders of waverly."
  • Andykarr24
    "Great place to grow a family. Centralized with all surrounding needs including pharmacies, groceries, restaurants and entertainment!"
  • Mary
    "We have lived in this neighborhood for 7 years and really enjoy living here. Everything we need is locally available. Food, parks, schools, church, and shipping. "
  • Gregoryskipper
    "There are a lot of families in my subdivision. Some on my street do not take good care of their front yard"
  • Maryanngraves11
    "Good schools, nice parks with bike trails, lots of restaurants and shopping. Safe neighborhoods to go for a walk. Lots of communtiy events."
  • Patty R.
    "Waverly is a community of people that support our schools, businesses and neighborhoods. Many people out walking, talking to their neighbors, riding bikes, going to school events, etc... you don’t find many places quite like it! Love it here!"
  • Patty R.
    "We have lived here for over 20 years. Neighbors in this neighborhood don’t hesitate to help each other out. We even do things together. Wonderful neighborhood!"
  • Jennifer M.
    "Thomas L Parkway is quiet, safe, and close to everything! Less than a few miles to: groceries, Horrocks fresh food market, Lansing Mall, church, schools, movie theater, multiple gyms, home depot and craft stores, the highway, and more!"
  • schafie1
    "I've lived here for over 5 years now, and love the community. Close to major shopping centers (Meijer, Target, etc.), although just far enough away to keep the community quiet and safe. Close to school district, restaurants, and minutes away from downtown Lansing. "

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Off Market Homes Near 331 Richard Ave

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IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Copyright © 2026 Greater Lansing Association of REALTORS®