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Hillsdale 49252
10875 Rainey Road
$244,000
● House - Off Market

10875 Rainey Road

Litchfield, MI 49252
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,568 Ft²
$357,614
RealtyHop Estimate
46.56%
Since Oct 1, 2019
National-US
Primary Model

About This Property

Taking turn-key to a new level! This beautiful 3 bedroom ranch home is meticulously cared for. Don't miss your chance to own this home! Tired of seeing homes that are ALMOST perfect?! Stop looking; you've found it. This home has a large composite deck of the back with a gazebo attached, your own garden area, a large three car attached garage, hardwood floors, main floor master/laundry. Newer windows, furnace, roof, siding, and landscaping makes for a low-maintenance home! Call or text me today for your private showing .
Unit Size
1,568 Ft²
Days on Market
-
Land Size
1.61 acres
Price per sqft
$156
Property Type
House
Property Taxes
$79
HOA Dues
-
Year Built
1994

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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 #19032197)

Price History

Date / Event Date Event Price
Oct 1, 2019 Sold
Premium
Sold
Jul 11, 2019 Listed by Real Estate One Rosemary Davis $244,000
Listed by Real Estate One Rosemary Davis
May 16, 1994 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 3
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,728
  • Garage Type: 7
  • Garage Square Area: 864
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 69,696
  • Total Building Area: 1,728
  • Gross Building Area: 1,728
  • Building Area: 1,728
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 6
  • Heating: 4
  • Heated Square Feet: 1,728
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: False
  • Land Acres: 0000001600
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: S 350 FT OF W 200 FT OF NW1/4 NW1/4 SEC 7 T5S R3W 1.61 A M/L

Neighborhood

  • School District Name: Litchfield Community Schools
  • Census Tract: 050200

Geography

  • District: 02
  • Parcel: 02-007-100-007-07-5-3
  • Meridian: SEC 07 TWN 05S RNG 03W
  • Municipality: SCIPIO TWP
  • Latitude: 42.0551
  • Longitude: -84.7091

    Address

  • Full Address: 10875 Rainey Rd
  • Address - House Number: 10875
  • Address - Street Name: Rainey
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Litchfield
  • Carrier Code: R051
  • 4-Digit Zip Code: 9719
  • Zip Code: 49252

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $110,158

    Appraisal Valuation

  • Standard Deviation: 0.2205
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 69
  • Final Value: 365,476
  • High Value: 446,071
  • Low Value: 284,881

    Market Valuation

  • Market Total Value: $211,865
  • Market Land Value: $8,800
  • Market Improvement Value: $203,065

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $117,800

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 20, 2019
  • Current Sale Recording Date: Oct 01, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: May 16, 1994
  • Previous Sale Contract Date: May 16, 1994
  • Previous Sale Amount: $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

Nearby Rentals

Rentals Near You

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MichRIC

Listed by: Aron Hodo, Real Estate One Rosemary Davis
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 19032197
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 10875 Rainey Road built and last sold?
The property at 10875 Rainey Road was built in 1994 and last sold on Sep 20, 2019 for $244,000.
How much is this home worth?
The estimated value of the home located at 10875 Rainey Road is $0.
What are some comparable homes to 10875 Rainey Road?
There are currently no comparable homes to 10875 Rainey Road.
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