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Branch 49089
1041 Arney Road
$8,000
● Land - Off Market

1041 Arney Road

Sherwood, MI 49089
bedrooms
Studio
bathrooms
0 Bath
$131
Est. Monthly

About This Property

1041 Arney Rd Sherwood MI 49089 This .91 Acre lot, 125x325 in Sherwood Township has a slab for a mobile home and a well pump in pit. There was previously a 15x76 mobile home on the slab which has been removed. Being sold AS-IS Buyer to verify all data. Richard Stewart REO Specialists Llc www.REOmamma.com
Unit Size
-
Days on Market
101 days
Land Size
0.91 acres
Price per sqft
-
Property Type
Land
Property Taxes
$82
HOA Dues
-
Year Built
-

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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 #25024309)

Price History

Date / Event Date Event Price
Sep 5, 2025 Sold
Premium
Sold
Aug 13, 2025 In contract -
In contract
Aug 12, 2025 Price Decreased $9,900
↓ $3K (20.8%)
Price Decreased
Jul 3, 2025 Price Decreased $12,500
↓ $5K (30.2%)
Price Decreased
May 24, 2025 Listed by REO Specialists, L.L.C. $17,900
Listed by REO Specialists, L.L.C.

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 39,640
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000910
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: SHERWOOD TWP/T5S R8W, SEC 28: BEG AT INTER OF ARNEY RD W LN OF E1/2 OF NW1/4,TH S75DEG 34'E ALG C/L OF SD RD 947 FT TO

Neighborhood

  • School District Name: Union City Community Schools
  • School Tax School District: UNION CITY
  • Census Tract: 950300

Geography

  • District: 010
  • Parcel: 010-028-100-050-00
  • Municipality: SHERWOOD TWP
  • Latitude: 42.0123
  • Longitude: -85.2449

    Address

  • Full Address: 1041 Arney Rd
  • Address - House Number: 1041
  • Address - Street Name: Arney
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Sherwood
  • Carrier Code: R011
  • 4-Digit Zip Code: 9735
  • Zip Code: 49089

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $20,512
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.261
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 62
  • Final Value: 102,006
  • High Value: 128,636
  • Low Value: 75,375

    Market Valuation

  • Market Total Value: $56,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $28,400

    Sales

  • Current Sale Contract Date: Jul 22, 1996
  • Current Sale Recording Date: Jul 22, 1996
  • Current Sale Document Type: 71
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 Branch

Stats & Trends

Median Asking:

$247,000

Sale Price/ft²

$162

Below Asking

0.03%

Average Days on Market

60

Average Home Size

2011 ft²

Average Home Age

63.2 years

Currently For Sale

114 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

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MichRIC

Listed by: Richard L Stewart, REO Specialists, L.L.C.
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25024309
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 1041 Arney Road built and last sold?
The property at 1041 Arney Road was built in and last sold on Jul 22, 1996 for $0.
How much is this home worth?
The estimated value of the home located at 1041 Arney Road is $229,375.
What are some comparable homes to 1041 Arney Road?
There are currently no comparable homes to 1041 Arney Road.
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