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Hillsdale
10851 Gilbert Road
$33,000
● Land - Off Market

10851 Gilbert Road

Waldron, MI 49271
bedrooms
Studio
bathrooms
0 Bath
$34,825
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

5.50 acres of rolling, wooded property. Great recreational or hunting ground.  Junk trailer sells with property.

Terms on Real Estate, $5,000.00 non-refundable Earnest Deposit day of auction (NO EXCEPTIONS). Balance due within 30 days.  The purchase IS NOT contingent upon your ability to finance, inspections, appraisals or requirements of any gov't agency or lending institution. This is a Cash only auction on the Real Estate.  Please inspect the property to satisfy yourself as to value.  The collapsed mobile home is selling with the property and is as is.  Public Health has no well or septic report. Call Sid or John at or for more information on the auction.
Unit Size
-
Days on Market
-
Land Size
5.50 acres
Price per sqft
-
Property Type
Land
Property Taxes
$28
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: 3 years ago (MichRIC MLS #22042323)

Price History

Date / Event Date Event Price
Nov 2, 2022 Sold
Premium
Sold
Sep 27, 2022 Listed by Michael Auction & Realty Service LLC $33,000
Listed by Michael Auction & Realty Service LLC
May 8, 1981 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 4
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 33
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • 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: 239,580
  • Total Building Area: 720
  • Gross Building Area: 720
  • Building Area: 720
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 6
  • Heated Square Feet: 720
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: False
  • Land Acres: 0000005500
  • Standard Land Use Code: 1006
  • County Land Use Code: 401
  • Mobile Home Indicator: T
  • Legal Description 1: COM 698 FT N OF SW COR SEC FOR POB TH N 490 FT M/L TO PT 132 FT S OF NW COR SW1/4 SW1/4 TH E 660 FT TH SWLY TO PT 320 FT E OF

Neighborhood

  • School District Name: Pittsford Area Schools
  • Census Tract: 051000

Geography

  • District: 16
  • Parcel: 16-013-300-003-13-8-2
  • Meridian: SEC 13 TWN 08S RNG 02W
  • Municipality: RANSOM TWP
  • Latitude: 41.7702
  • Longitude: -84.4943

    Address

  • Full Address: 10851 Gilbert Rd
  • Address - House Number: 10851
  • Address - Street Name: Gilbert
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Pittsford
  • Zip Code: 49271

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $18,978

    Market Valuation

  • Market Total Value: $34,635
  • Market Land Value: $32,750
  • Market Improvement Value: $1,885

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $17,300

    Sales

  • Current Sale Contract Date: Nov 02, 2022
  • Current Sale Recording Date: Nov 02, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 594699
  • Previous Sale Recording Date: May 08, 1981
  • Previous Sale Contract Date: May 08, 1981
  • Previous Sale Amount: $8,100
  • 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 Hillsdale

Stats & Trends

Median Asking:

$249,900

Sale Price/ft²

$150

Below Asking

0.02%

Average Days on Market

61

Average Home Size

1895 ft²

Average Home Age

88.4 years

Currently For Sale

107 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

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MichRIC

Listed by: John Michael, Michael Auction & Realty Service LLC
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 22042323
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 10851 Gilbert Road built and last sold?
The property at 10851 Gilbert Road was built in and last sold on Nov 2, 2022 for $33,000.
How much is this home worth?
The estimated value of the home located at 10851 Gilbert Road is $0.
What are some comparable homes to 10851 Gilbert Road?
There are currently no comparable homes to 10851 Gilbert Road.
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