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Adrian 49221
1062 Petoskey Court
$180,000
● House - Off Market

1062 Petoskey Court

Adrian, MI 49221
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,041 Ft²
$1,063
Est. Monthly
25.69%
Cap Rate

About This Property

Amazing location! 4 Bedroom Cape Cod home in a very desirable neighborhood near Adrian College. Both beautiful and functional with newer kitchen, bathroom and appliances. It has hardwood, laminate and carpet flooring. Several updates over the last six years. The cozy 3 season room adds extra living space and leads to the spacious fenced in backyard. The back property line abuts an open field-like space where deer and ducks can be spotted. Great 1.5 car detached garage with electricity and automatic garage door. Exceptional home is within a few blocks of Burr Ponds Park, Riverside Park and The Kiwanis Trail. All appliances stay! This home is move-in ready!
Unit Size
1,041 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$168
Property Type
House
Property Taxes
$203
HOA Dues
-
Year Built
1945

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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: 2 years ago (MichRIC MLS #25000003)

Price History

Date / Event Date Event Price
Jan 28, 2025 Sold
Premium
Sold
Jan 5, 2025 In contract -
In contract
Jan 1, 2025 Listed by RE/MAX IRISH HILLS REALTY $175,000
Listed by RE/MAX IRISH HILLS REALTY
Dec 23, 2019 Sold
Premium
Sold
Oct 30, 2019 Listed by RE/MAX IRISH HILLS REALTY $114,900
Listed by RE/MAX IRISH HILLS REALTY
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1945
  • Building Count: 10
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • 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: 8,276
  • Lot Size Depth Feet: 1,660
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,041
  • Building Area: 1,041
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,041
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HOME DALE
  • Land Acres: 0000000190
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 36 HOME DALE

Neighborhood

  • School District Name: Adrian City School District
  • School Tax School District: SCH: 46010
  • Census Tract: 061500

Zoning

  • Zoning: R-3

Geography

  • District: XA0
  • Parcel: XA0-555-0036-00
  • Lot: 36
  • Municipality: ADRIAN CITY
  • Latitude: 41.8941
  • Longitude: -84.0557

    Address

  • Full Address: 1062 Petoskey Ct
  • Address - House Number: 1062
  • Address - Street Name: Petoskey
  • Address - Suffix Type: Ct
  • State: MI
  • City Name: Adrian
  • Carrier Code: C014
  • 4-Digit Zip Code: 3122
  • Zip Code: 49221

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0

    Appraisal Valuation

  • Standard Deviation: 0.2192
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 69
  • Final Value: 158,820
  • High Value: 193,637
  • Low Value: 124,003

    Market Valuation

  • Market Total Value: $113,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $56,500

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 20, 2019
  • Current Sale Recording Date: Dec 23, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Mar 13, 2019
  • Previous Sale Contract Date: Feb 21, 2019
  • Previous Sale Amount: $45,001
  • 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 Adrian

Stats & Trends

Median Asking:

$171,500

Sale Price/ft²

$127

Below Asking

0.03%

Average Days on Market

54

Average Home Size

1120 ft²

Average Home Age

124.3 years

Currently For Sale

11 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: Mark Riggle, RE/MAX IRISH HILLS REALTY
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25000003
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 1062 Petoskey Court built and last sold?
The property at 1062 Petoskey Court was built in 1945 and last sold on Dec 20, 2019 for $118,350.
How much is this home worth?
The estimated value of the home located at 1062 Petoskey Court is $0.
What are some comparable homes to 1062 Petoskey Court?
There are currently no comparable homes to 1062 Petoskey Court.
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