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Jackson 49241
10840 OAK TREE LN
$187,000
● House - Off Market

10840 OAK TREE LN

Hanover, MI 49241
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,834 Ft²
$306,841
RealtyHop Estimate
61.58%
Since Jun 1, 2017
National-US
Primary Model

About This Property

Well maintained and much loved 3 bedroom, 3 bath ranch home on dead end road in Hanover-Horton Schools. Kitchen features hickory cabinets, glass backsplash, and penisula, main floor laundry, open floor plan, and a fully finished walk-out basement with wet bar and granite countertops, an office, work out room, full bath and storage room under the front porch. Beautiful landscaping features flowering perennials, decor pond, zip line, rope swing, treehouse, and a boulder retaining wall. Extra deep garage offers extra storage space and cabinets. This is a well-built and meticulously maintained home in a great location.
Unit Size
2,834 Ft²
Days on Market
-
Land Size
1.11 acres
Price per sqft
$67
Property Type
House
Property Taxes
$202
HOA Dues
-
Year Built
2005

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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 #21057018)

Price History

Date / Event Date Event Price
May 18, 2017 Sold
Premium
Sold
Apr 6, 2017 Listed by PRODUCTION REALTY $189,900
Listed by PRODUCTION REALTY

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,380
  • Garage Type: 7
  • Garage Square Area: 610
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 58,370
  • Total Building Area: 1,380
  • Building Area: 1,380
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,380
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HANOVER
  • Land Acres: 0000001340
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: BEG 66 FT W OF AND 605 FT N OF THE S 1/4 COR SEC 19 T4S R2W, TH N 150.00 FT, TH W 322 FT, TH S 150 FT, TH E 322 FT TO BEG.

Neighborhood

  • School District Name: Hanover-Horton Schools
  • School Tax School District: 38100
  • Census Tract: 006402

Zoning

  • Zoning: AG-1

Geography

  • Assessors Map Reference: MAPS 030
  • District: 05
  • Parcel: 000-17-19-300-001-25
  • Meridian: SEC 19 TWN 04S RNG 02W
  • Municipality: HANOVER TWP
  • Latitude: 42.1026
  • Longitude: -84.5863

    Address

  • Full Address: 10840 Oaktree Ln
  • Address - House Number: 10840
  • Address - Street Name: Oaktree
  • Address - Suffix Type: Ln
  • State: MI
  • City Name: Hanover
  • Carrier Code: R001
  • 4-Digit Zip Code: 9663
  • Zip Code: 49241

Valuation

    Tax

  • Tax Year: 2021
  • Tax Amount: $107,658
  • Tax Rate Code Area: 5

    Appraisal Valuation

  • Standard Deviation: 0.1986
  • Valuation Date: Jun 22, 2022
  • Confidence Score: 73
  • Final Value: 292,432
  • High Value: 350,526
  • Low Value: 234,339

    Market Valuation

  • Market Total Value: $240,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $120,300

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 12, 2017
  • Current Sale Recording Date: May 18, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2769886
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: AMY E GILPIN, PRODUCTION REALTY
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21057018
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 10840 Oaktree Lane built and last sold?
The property at 10840 Oaktree Lane was built in 2005 and last sold on May 12, 2017 for $187,000.
How much is this home worth?
The estimated value of the home located at 10840 Oaktree Lane is $203,385.
What are some comparable homes to 10840 Oaktree Lane?
There are currently no comparable homes to 10840 Oaktree Lane.
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