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Lenawee 49233
10691 Cement City Highway
$18,000
● House - Off Market

10691 Cement City Highway

Addison, MI 49220
bedrooms
1 Bed
bathrooms
1 Bath
square feet
640 Ft²
$29,888
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

If you are looking for a quiet and private spot to build on, this might be just the place for your hideaway! Perfect for a vacation cabin or a permanent home, this nearly 2-acre wooded lot already has a well, septic and access to electricity. Enjoy the peace and quiet of the woods with an abundance of birds and wildlife surrounding you. You are just a walk down the road to Silver Lake. The property includes a 1 bed 1 bath mobile home that will need to be removed at the buyers expense, not suitable for habitation. Being sold AS IS.  Also includes 2 sheds/outbuildings.
Unit Size
640 Ft²
Days on Market
-
Land Size
1.88 acres
Price per sqft
$47
Property Type
House
Property Taxes
$23
HOA Dues
-
Year Built
1964

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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: 3 years ago (MichRIC MLS #23030110)

Price History

Date / Event Date Event Price
Oct 13, 2023 Sold
Premium
Sold
Aug 16, 2023 Listed by RE/MAX MID-MICHIGAN R.E. $30,000
Listed by RE/MAX MID-MICHIGAN R.E.
Sep 16, 2004 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 4
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 17
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 300
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 81,893
  • Total Building Area: 640
  • Building Area: 640
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 6
  • Heating: 6
  • Heated Square Feet: 640
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CEMENT CITY
  • Land Acres: 0000001880
  • Standard Land Use Code: 1016
  • County Land Use Code: 401
  • Legal Description 1: LD BEG 168.80 FT E FROM NW COR OF E 1/2 OF SE 1/4 OF NW 1/4 SEC 16 RUNN TH E 415 FT TH S 275.63 FT TH S 41 DEG 57'W 103.03 FT TO CTR LI CEMENT CITY HWY TH N 46 DEG 06'W ALG SD CTR LI 144.23 FT TH N 40 DEG 46'W 205.71 FT TH N 48 DEG 02'W 144.55 FT TO

Neighborhood

  • School District Name: Columbia School District
  • School Tax School District: SCH: 38040
  • Census Tract: 060401

Geography

  • District: WD0
  • Section: 16
  • Parcel: WD0-116-1900-00
  • Municipality: WOODSTOCK TWP
  • Latitude: 42.0409
  • Longitude: -84.3169

    Address

  • Full Address: 10691 Cement City Hwy
  • Address - House Number: 10691
  • Address - Street Name: Cement City
  • Address - Suffix Type: Hwy
  • State: MI
  • City Name: Addison
  • Carrier Code: R021
  • 4-Digit Zip Code: 9549
  • Zip Code: 49220

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0

    Appraisal Valuation

  • Standard Deviation: 0.2249
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 68
  • Final Value: 54,002
  • High Value: 66,149
  • Low Value: 41,855

    Market Valuation

  • Market Total Value: $36,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $18,400

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 16, 2004
  • Current Sale Recording Date: Sep 16, 2004
  • Current Sale Price:
    Premium
  • Current 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 Lenawee

Stats & Trends

Median Asking:

$260,500

Sale Price/ft²

$161

Below Asking

0.02%

Average Days on Market

55

Average Home Size

1994 ft²

Average Home Age

68.3 years

Currently For Sale

85 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: Jennifer Ferris, RE/MAX MID-MICHIGAN R.E.
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 23030110
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 10691 Cement City Highway built and last sold?
The property at 10691 Cement City Highway was built in 1964 and last sold on Sep 16, 2004 for $19,900.
How much is this home worth?
The estimated value of the home located at 10691 Cement City Highway is $0.
What are some comparable homes to 10691 Cement City Highway?
There are currently no comparable homes to 10691 Cement City Highway.
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