Shaw Estates and Chartwell Neighborhoods in East Lansing, MI
I continue my quest to highlight different neighborhoods in the Greater Lansing area. A great little neighborhood you may never have heard of is located just west of Harrision and north of Saginaw in East Lansing called “Shaw Estates” This neighborhood has a location to be envied, it is located just 5 minutues to Meijer, Frandor Shopping Center and Downtown East Lansing. With such a convenient location, you would be shocked at the quiet streets and suburban style lots nestled just off these busy streets. There are also plenty of parks nearby for the kids. The homes are between 1500-2500 square feet and were mostly built in the 1970s and 1980s.
The neighborhood has faired incredibly well during the downturn with an average sales price in the last 12 months of $255,400, down from $262,550. I was shocked to see these numbers…I think they are the lowest depreciation I have seen, which is great news (well, unless you are looking to buy in Shaw Estates).
Chartwell Estates is just west of Shaw Estates and has a slightly smaller and more affordable housing stock.
Click here for some photos of the area.
Here are the is what is currently for sale as of 9/28/11:
990 Whittier, East Lansing – $225,900
987 Longfellow, East Lansing – $239,900
1017 Whittier, East Lansing – $244,900
803 Longfellow, East Lansing – $259,900
Holt Schools!
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2618 Little Hickory, Lansing, Michigan 48911
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Westside Neighborhood – Totally Remodeled!
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516 N Jenison, Lansing, Michigan 48915
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Eastside Neighborhood – Beautifully Renovated!
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125 N Magnolia, Lansing, Michigan 48912
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Changing Lansing One Home at a Time
Something strange has been happening around Lansing. As the doom and gloom of the recession bombards the headlines and swallows up the media attention, a small local construction company, Lau Construction, has been steadily renovating homes around the Lansing area for 5 years now. With 17 projects under their belt, this small company has done all manor of projects. From light renovations, such as paint and carpets, to major overhauls, including one home that was lifted off its foundation so that the foundation could be rebuilt. The list of completed projects includes four homes that had been “red tagged” by the City of Lansing, and one that was slated for demolition. All of these homes are now back in service and have been sold to owner occupants.
Lau Construction was started in 2005 by Christopher and Adraine Lau, who met at Michigan State University in the Construction Management Program. Both have always had an interest in urban revitalization and decided to stay close to home and open their own business. Lau Construction has given special attention to The Westside Neighborhood. Ten of these whole house renovations have occurred in this neighborhood. “We like working in The Westside Neighborhood because we live there as well. The historic character of the neighborhood makes it a wonderful place to live and an easy place to sell a renovated home. We can work close to home and help change the neighborhood for the better at the same time.”
There have been challenges along the way, of course. “You have to learn to adapt to a changing and sometimes challenging real estate market” says co-owner Adriane Lau, who is also a real estate Broker with RE/MAX Real Estate Professionals, “Being on the front lines in real estate I have seen things change seemingly overnight.”
For more photos and information, please visit Lau Construction’s Website.
Lansing Real Estate Sales Statistics – April 2011
Lansing real estate continues to plod along. Not really getting any better, not seeming to get much worse. The sales numbers from April 2011 back up this hypothesis, with the average sales price coming in at $104,322 compared to $104,500 for the same period last year. The actual numbers of closed sales in April was down quite a bit over April 2010 (428 in 2011 vs. 605 in 2010) This also comes as no surprise as April 2010 was the very end of the $8000 first time home buyer tax credit which pushed the numbers to artificially high levels. For a full list of statistics, click here.
East Lansing Condo Cheaper than Rent!
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6160 Innkeepers Court #66, East Lansing, Michigan 48823
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January 2011 Lansing Real Estate Statistics
I am excited to report positive numbers for January 2011. Our average sales price went from $94,600 to $98,783 year on year. This average sales price is lower than some of the averages that we saw last summer, however, the reason that I compare year on year is that there are seasonal factors as well. For example, the winter tends to have lower sales prices in general because there are less homeowners and more investors buying, and investors tend to buy the cheaper homes. In fact, if you graph out average sales prices year after year June has the highest average sales price for the same reason (more homeowners buy in the Spring and Summer). For full statistics for January click here.
Colonial Village Area!
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1718 Cooper, Lansing, Michigan 48910
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Immaculate Home Near Ingham Medical Center!
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2411 Forest Ave, Lansing, Michigan 48910
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