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Washtenaw 48160
1023 Carlton Drive
$220,500
● House - Off Market

1023 Carlton Drive

Milan, MI 48160
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,200 Ft²
$1,323
Est. Monthly
8.17%
Cap Rate

About This Property

Looking for a home w/ privacy, room for pets & kids to play, storage for RV or other recreational toys and NO HOA? Then don't delay seeing this fully remodeled move-in ready ranch with all the updates & charm Milan has to offer. Located on over 1/3 of an acre, this little gem offers a dream floor plan with private primary on one side and 2 spacious bedrooms on the other end w/ conveniently located light/bright updated main bath. Dual living spaces allows the new owner multiple living options! The large rear family room w/ 8' doorwall leads to a cute patio, perfect for the grill master! Large open country kitchen just waiting for the buyer who loves to cook & entertain. Filled w/ natural sunlight & stunning hardwood floors throughout. MSHDA avail. Accepting back-up offers
Unit Size
1,200 Ft²
Days on Market
78 days
Land Size
0.34 acres
Price per sqft
$188
Property Type
House
Property Taxes
$218
HOA Dues
-
Year Built
1950

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (MichRIC MLS #24002815)

Price History

Date / Event Date Event Price
Mar 29, 2024 Sold
Premium
Sold
Jan 11, 2024 Listed by Keller Williams Ann Arbor Mrkt $225,000
Listed by Keller Williams Ann Arbor Mrkt
Jan 27, 2017 Sold
Premium
Sold
Mar 18, 2013 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 280
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,764
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,200
  • Building Area: 1,200
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,200
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SUBDIVISION
  • Land Acres: 0000000339
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: OLD SID - S 19-095-006-00 YO 37-3B COM AT NW COR OF LOT 3, TH S89 DEG 55' E 66FT IN N LINE OF LOT 3 FOR A PL OF BEG, TH S 89

Neighborhood

  • School District Name: Milan Area Schools
  • School Tax School District: MILAN
  • Census Tract: 422202

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: MAP ZIP
  • District: S
  • Parcel: S -19-36-462-006
  • Block: 462
  • Lot: 3-4
  • Meridian: SEC 36 TWN 4S RNG 6E
  • Municipality: YORK TWP
  • Latitude: 42.0871
  • Longitude: -83.6661

    Address

  • Full Address: 1023 Carlton Dr
  • Address - House Number: 1023
  • Address - Street Name: Carlton
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Milan
  • Carrier Code: R005
  • 4-Digit Zip Code: 9702
  • Zip Code: 48160

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $169,173
  • Tax Rate Code Area: S -19

    Appraisal Valuation

  • Standard Deviation: 0.0857
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 93
  • Final Value: 230,734
  • High Value: 250,521
  • Low Value: 210,946

    Market Valuation

  • Market Total Value: $117,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $58,800

    Sales

  • Current Sale Contract Date: Jan 19, 2016
  • Current Sale Recording Date: Jan 27, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6355769
  • Previous Sale Recording Date: Mar 18, 2013
  • Previous Sale Contract Date: Feb 26, 2013
  • Previous Sale Amount: $24,500
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Washtenaw

Stats & Trends

Median Asking:

$449,900

Sale Price/ft²

$230

Below Asking

0.02%

Average Days on Market

48

Average Home Size

2064 ft²

Average Home Age

57.8 years

Currently For Sale

671 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Currently no nearby rentals
MichRIC

Listed by: Carmen Knick, Keller Williams Ann Arbor Mrkt
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24002815
Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1023 Carleton Drive built and last sold?
The property at 1023 Carleton Drive was built in 1950 and last sold on Jan 19, 2016 for $23,500.
How much is this home worth?
The estimated value of the home located at 1023 Carleton Drive is $229,593.
What are some comparable homes to 1023 Carleton Drive?
There are currently no comparable homes to 1023 Carleton Drive.
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