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Saline 48176
110 Tower Drive
$332,500
● House - Off Market

110 Tower Drive

Saline, MI 48176
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,460 Ft²
$2,201
Est. Monthly
5.89%
Cap Rate

About This Property

Don't miss this updated ranch home featuring an open floor plan and beautiful hardwood floors. The updated kitchen has an island, Corian countertops, maple cabinets, newer appliances, an eating area, and opens to the living room with a large window letting in an abundance of natural light. The entry-level also includes 3 bedrooms, a nicely updated full bathroom, and a doorwall leading to the private backyard and 2.5 car garage. The partially finished lower level features additional living space, laundry, and plenty of storage space. Schedule a showing today!
Unit Size
1,460 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$231
Property Type
House
Property Taxes
$543
HOA Dues
-
Year Built
1962

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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 #24034816)

Price History

Date / Event Date Event Price
Aug 28, 2024 Sold
Premium
Sold
Aug 1, 2024 In contract -
In contract
Jul 9, 2024 Listed by The Charles Reinhart Company $337,500
Listed by The Charles Reinhart Company
Jun 18, 2021 Sold
Premium
Sold
Apr 28, 2021 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 960
  • Garage Type: 7
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,013
  • Lot Size Depth Feet: 1,170
  • Lot Size Frontage Feet: 600
  • Total Building Area: 960
  • Building Area: 960
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 960
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROLLING MEADOWS COMMUNITY #1
  • Land Acres: 0000000161
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: OLD SID - 18 18-130-030-00 S C 19-30 LOT 30 ROLLING MEADOWS COMMUNITY NO. 1.

Neighborhood

  • School District Name: Saline Area Schools
  • School Tax School District: SALINE
  • Census Tract: 423400

Zoning

  • Zoning: R-1C

Geography

  • District: 18
  • Parcel: 18-13-36-155-009
  • Block: 155
  • Lot: 30
  • Meridian: SEC 36 TWN 3S RNG 5E
  • Municipality: SALINE CITY
  • Latitude: 42.1783
  • Longitude: -83.7841

    Address

  • Full Address: 110 Tower Dr
  • Legal Unit: Y
  • Address - House Number: 110
  • Address - Street Name: Tower
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Saline
  • Carrier Code: C003
  • 4-Digit Zip Code: 1054
  • Zip Code: 48176

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $595,120
  • Tax Rate Code Area: 18

    Appraisal Valuation

  • Standard Deviation: 0.1604
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 80
  • Final Value: 341,963
  • High Value: 396,818
  • Low Value: 287,107

    Market Valuation

  • Market Total Value: $268,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $134,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 28, 2021
  • Current Sale Recording Date: Jun 18, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6597107
  • Previous Sale Recording Date: Jan 21, 2009
  • Previous Sale Contract Date: Jan 15, 2009
  • Previous Sale Amount: $159,000
  • 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 Saline

Stats & Trends

Median Asking:

$359,900

Sale Price/ft²

$220

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1636 ft²

Average Home Age

41.7 years

Currently For Sale

19 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

Unit for rent at 492 Park Place, Saline, MI, 48176

$2,295 /mo

  • 2 Beds
  • 2 Baths
  • 1,639 ft²
492 Park Place, Saline, MI, 48176 Listing by La Tanya Keith

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Megan Mazurek, The Charles Reinhart Company
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24034816
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 110 Tower Drive built and last sold?
The property at 110 Tower Drive was built in 1962 and last sold on Apr 28, 2021 for $276,100.
How much is this home worth?
The estimated value of the home located at 110 Tower Drive is $0.
What are some comparable homes to 110 Tower Drive?
There are currently no comparable homes to 110 Tower Drive.
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