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Saline 48176
1024 Heritage Drive
$350,000
● House - Off Market

1024 Heritage Drive

Saline, MI 48176
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,332 Ft²
$2,590
Est. Monthly
4.90%
Cap Rate

About This Property

Welcome to this beautiful ranch-style home located in the desirable Northview Subdivision of Saline. This 3-bedroom, 2-bathroom residence offers the perfect blend of modern amenities and cozy charm. Step into the spacious living area adorned with fresh paint and brand-new carpet throughout. The heart of the home, the kitchen, boasts updated stainless steel appliances and a convenient island, making meal preparation a breeze.  The primary bedroom features an ensuite bathroom for your comfort and privacy. The additional two bedrooms are well-sized and share a full second bathroom.  Enjoy the convenience of an attached 2-car garage, providing ample storage and protection for your vehicles. This home is move-in ready, awaiting your personal touch. Owner is a licensed realestate agent
Unit Size
1,332 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$263
Property Type
House
Property Taxes
$872
HOA Dues
-
Year Built
1992

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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: 3 years ago (MichRIC MLS #24033030)

Price History

Date / Event Date Event Price
Aug 7, 2024 Sold
Premium
Sold
Jul 1, 2024 In contract -
In contract
Jun 27, 2024 Listed by Cornerstone Real Estate $349,900
Listed by Cornerstone Real Estate
Jul 15, 2022 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,332
  • Garage Type: 7
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 0
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,332
  • Building Area: 1,332
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,332
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NORTHVIEW SITE CONDO PH 3
  • Standard Land Use Code: 1004
  • County Land Use Code: 407
  • Legal Description 1: SC 49-96 2ND AM 2552 157 ****FROM 1336202013 12/12/91UNIT 96, NORTHVIEW SITECONDO PHASE 3

Neighborhood

  • School District Name: Saline Area Schools
  • School Tax School District: SALINE
  • Census Tract: 423400

Zoning

  • Zoning: R-1A

Geography

  • District: 18
  • Subdivision Phase Number: 3
  • Parcel: 18-13-36-283-096
  • Block: 283
  • Meridian: SEC 36 TWN 3S RNG 5E
  • Municipality: SALINE CITY
  • Latitude: 42.179
  • Longitude: -83.7943

    Address

  • Full Address: 1024 Heritage Dr
  • Legal Unit: 96
  • Address - House Number: 1024
  • Address - Street Name: Heritage
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Saline
  • Carrier Code: C003
  • 4-Digit Zip Code: 1074
  • Zip Code: 48176

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $986,833
  • Tax Rate Code Area: 18

    Appraisal Valuation

  • Standard Deviation: 0.1847
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 75
  • Final Value: 284,362
  • High Value: 336,906
  • Low Value: 231,818

    Market Valuation

  • Market Total Value: $306,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $153,300

    Sales

  • Current Sale Contract Date: Jul 06, 2022
  • Current Sale Recording Date: Jul 15, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6657222
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 Saline

Stats & Trends

Median Asking:

$359,900

Sale Price/ft²

$220

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1636 ft²

Average Home Age

41.7 years

Currently For Sale

19 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

Unit for rent at 492 Park Place, Saline, MI, 48176

$2,295 /mo

  • 2 Beds
  • 2 Baths
  • 1,639 ft²
492 Park Place, Saline, MI, 48176 Listing by La Tanya Keith

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Donald Wurtzel, Cornerstone Real Estate
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24033030
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 1024 Heritage Drive built and last sold?
The property at 1024 Heritage Drive was built in 1992 and last sold on Jul 6, 2022 for $270,000.
How much is this home worth?
The estimated value of the home located at 1024 Heritage Drive is $0.
What are some comparable homes to 1024 Heritage Drive?
There are currently no comparable homes to 1024 Heritage Drive.
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