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Jackson
10937 Waterloo-Munith Road
$338,800
● House - Off Market

10937 Waterloo-Munith Road

Munith, MI 49259
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,652 Ft²
$1,973
Est. Monthly
7.00%
Cap Rate

About This Property

Beautiful 3-bed, 2-bath ranch on 2 peaceful acres off Waterloo Munith Rd in Munith, MI. Built in 2001, this 1,652 sq ft home offers main-level living with a spacious layout, cozy fireplace, and a sun-filled 4-season room. The kitchen and dining area flow seamlessly for easy living and entertaining. Enjoy the convenience of a main-floor laundry room and an attached 2-car garage. Relax on the private back patio surrounded by nature. Home includes a natural gas forced-air furnace and ADT security system. Perfect for families, right-sizing buyers, or anyone seeking a quiet country lifestyle with modern comfort just minutes from Waterloo Rec Area and within reach of Jackson and Chelsea.
Unit Size
1,652 Ft²
Days on Market
32 days
Land Size
2.00 acres
Price per sqft
$212
Property Type
House
Property Taxes
$255
HOA Dues
-
Year Built
2001

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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 #25042156)

Price History

Date / Event Date Event Price
Sep 24, 2025 Sold
Premium
Sold
Sep 13, 2025 In contract -
In contract
Aug 19, 2025 Listed by Howard Hanna Real Estate $349,900
Listed by Howard Hanna Real Estate
Aug 1, 2001 Sold
Premium
Sold
Sep 22, 1998 Sold
Premium
Sold

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Building Count: 1
  • 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: 1,652
  • Garage Type: 7
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 87,120
  • Total Building Area: 1,652
  • Building Area: 1,652
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,652
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002000
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: BEG AT E 1/4 POST OF SEC 18 TH S 89%02'36"W 420 FT ALG E&W 1/4 LN TO POB; TH S 89%02'36" 210 FT TH S0%11'43"E 415.99 FT TH N

Neighborhood

  • School District Name: Stockbridge Community Schools
  • School Tax School District: 33200
  • Census Tract: 006801

Zoning

  • Zoning: RNF

Geography

  • Assessors Map Reference: MAPS
  • District: 19
  • Parcel: 000-05-18-400-002-06
  • Meridian: SEC 18 TWN 01S RNG 02E
  • Municipality: WATERLOO TWP
  • Latitude: 42.386
  • Longitude: -84.2319

    Address

  • Full Address: 10937 Waterloo Munith Rd
  • Address - House Number: 10937
  • Address - Street Name: Waterloo Munith
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Munith
  • Carrier Code: R092
  • 4-Digit Zip Code: 9661
  • Zip Code: 49259

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $111,718
  • Tax Rate Code Area: 19

    Appraisal Valuation

  • Standard Deviation: 0.1902
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 74
  • Final Value: 347,844
  • High Value: 414,035
  • Low Value: 281,653

    Market Valuation

  • Market Total Value: $292,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $146,050

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 25, 2001
  • Current Sale Recording Date: Aug 01, 2001
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2201983
  • Previous Sale Recording Date: Sep 22, 1998
  • Previous Sale Contract Date: Sep 22, 1998
  • Previous Sale Amount: $25,000
  • Previous Sale Document Type: 71
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: Greg Uihlein, Howard Hanna Real Estate
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25042156
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 10937 Waterloo Munith Road built and last sold?
The property at 10937 Waterloo Munith Road was built in 2001 and last sold on Jul 25, 2001 for $179,500.
How much is this home worth?
The estimated value of the home located at 10937 Waterloo Munith Road is $348,099.
What are some comparable homes to 10937 Waterloo Munith Road?
There are currently no comparable homes to 10937 Waterloo Munith Road.
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