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Jackson
10487 Territorial Road
$380,000
● House - Off Market

10487 Territorial Road

Munith, MI 49259
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,090 Ft²
$2,141
Est. Monthly

About This Property

This custom-built Cape Cod-style home offers spectacular views from the back deck overlooking a picture-perfect pond and lowlands. Featuring 4 bedrooms and 2.5 baths, the home showcases warm natural-stained trim, solid wood doors, spacious upstairs bedrooms, first-floor laundry, and a partially finished walkout lower level with multiple rec-room spaces. Major updates include a new roof (2022), retaining wall (2025), gutters on house and barn (2025), kitchen sliding door (2026), and mudroom flooring with custom cubbies (2026). Kitchen dishwasher (2025); furnace (2018), AC (2023), washer/dryer (2021). Enjoy a 24x28 pole barn with electric, 16x12 deck and patio, covered front porch, cement pad, private primary bath, plus a 1-year HSA home warranty for added peace of mind.
Unit Size
2,090 Ft²
Days on Market
27 days
Land Size
3.15 acres
Price per sqft
$184
Property Type
House
Property Taxes
$250
HOA Dues
-
Year Built
2001

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 8 months ago (MichRIC MLS #26008661)

Price History

Date / Event Date Event Price
Apr 10, 2026 Sold
Premium
Sold
Mar 19, 2026 In contract -
In contract
Mar 8, 2026 Listed by Howard Hanna Real Estate $385,000
Listed by Howard Hanna Real Estate
Apr 14, 2006 Sold
Premium
Sold
Apr 23, 2001 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 34
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,060
  • Garage Type: 7
  • Garage Square Area: 1,272
  • Parking Space Count: 5
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 137,214
  • Total Building Area: 1,855
  • Building Area: 1,855
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,855
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000003150
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: BEG AT W 1/4 POST OF SEC 8 TH N89^19'36''E 1336.45 FT ALG E&W 1/4 LN TH N0^10'43''E 318.10 FT ALG CEN LN OF DEWEY RD TH

Neighborhood

  • School District Name: Stockbridge Community Schools
  • School Tax School District: 33200
  • Census Tract: 006801

Zoning

  • Zoning: A-2

Geography

  • Assessors Map Reference: MAPS A-8
  • District: 19
  • Parcel: 000-05-08-126-001-07
  • Meridian: SEC 08 TWN 01S RNG 02E
  • Municipality: WATERLOO TWP
  • Latitude: 42.403
  • Longitude: -84.2214

    Address

  • Full Address: 10487 Territorial Rd
  • Address - House Number: 10487
  • Address - Street Name: Territorial
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Munith
  • Carrier Code: R092
  • 4-Digit Zip Code: 9020
  • Zip Code: 49259

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $113,910
  • Tax Rate Code Area: 19

    Appraisal Valuation

  • Standard Deviation: 0.189
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 75
  • Final Value: 381,741
  • High Value: 453,923
  • Low Value: 309,559

    Market Valuation

  • Market Total Value: $317,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $158,800

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 31, 2006
  • Current Sale Recording Date: Apr 14, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2435881
  • Previous Sale Recording Date: Apr 23, 2001
  • Previous Sale Contract Date: Feb 12, 2001
  • Previous Sale Amount: $30,500
  • Previous 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 Jackson

Stats & Trends

Median Asking:

$233,000

Sale Price/ft²

$145

Below Asking

0.03%

Average Days on Market

55

Average Home Size

1889 ft²

Average Home Age

74.5 years

Currently For Sale

414 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

Rentals Near You

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MichRIC

Listed by: Geri Uihlein, Howard Hanna Real Estate
Last Updated: 8 months ago
Data Source: MichRIC, MLS# 26008661
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 10487 Territorial Road built and last sold?
The property at 10487 Territorial Road was built in 2001 and last sold on Mar 31, 2006 for $210,000.
How much is this home worth?
The estimated value of the home located at 10487 Territorial Road is $0.
What are some comparable homes to 10487 Territorial Road?
There are currently no comparable homes to 10487 Territorial Road.
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