11511 Baker Road
About This Property
When searching for the perfect lake retreat, whether for recreation or investment, look no further than this exceptional property on Private Lake Leann. This one-of-a-kind, one-acre lot boasts an impressive expanse of lakefront, offering hundreds of feet along the shoreline and some of the most breathtaking views you'll find in any lake home.
Key Features:
Prime Location: Enjoy the tranquility of lake living with convenient access to Ann Arbor and northern Ohio. The drive time to this serene getaway is as ideal as the setting itself.
Impeccable Restoration: Owners have meticulously restored every detail of this home, sparing no expense. The brand-new kitchen features striking black stone counters, full subway tile backsplash, and a stylish prep sink/mini bar, all contributing to a magazine-worthy ambiance.
Elegant Interiors: Seamless transitions from the kitchen to the vaulted ceiling living room showcase stunning carpentry with reclaimed wood. Floor-to-ceiling double sliding glass doors frame the magnificent lake views.
Outdoor Entertaining: Step out onto the expansive deck, perfect for family gatherings and summer barbecues, and enjoy the unparalleled view.
Luxurious Master Suite: The master suite offers a breathtaking vista right from your bed, complemented by a tastefully remodeled master bath.
Additional Space: The lower level includes two additional bedrooms, ideal for accommodating guests. You'll also find views here that surpass those of many main-level lake homes.
Exceptional Lakefront: With over 270 feet of sandy-bottom frontage, there's ample space for multiple docks and plenty of swimming area.
Vibrant Lake Community: Embrace the lively and engaging atmosphere of Lake Leann's community. Participate in exciting boat parades, festive golf cart parades, and thrilling poker runs. Plus, the lake features multiple drive-in beach parks, perfect for enjoying long boat rides with kids and making unforgettable summer memories.
Lake season is still in full swingdon't miss the chance to own this unique lakefront gem!
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 13, 2024 | Sold | ||
| Sold | |||
| Oct 16, 2024 | In contract | - | |
| In contract | |||
| Sep 16, 2024 | No longer available | - | |
| No longer available | |||
| Aug 29, 2024 | Listed by C-21 Affiliated - Jackson | $824,900 | |
| Listed by C-21 Affiliated - Jackson | |||
| Jul 9, 2024 | Temporarily off market | - | |
| Temporarily off market | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017