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Leslie 49251
118 Covert Street
$203,000
● House - Off Market

118 Covert Street

Leslie, MI 49251
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,265 Ft²
$1,242
Est. Monthly
Unit Size
1,265 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$154
Property Type
House
Property Taxes
$284
HOA Dues
-
Year Built
1900

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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: 11 months ago (MichRIC MLS #25063001)

Price History

Date / Event Date Event Price
Dec 31, 2025 Sold
Premium
Sold
Sep 24, 2025 Listed by NON-MEMBER REALTOR 'LIST' $195,000
Listed by NON-MEMBER REALTOR 'LIST'
Jun 6, 2019 Sold
Premium
Sold
May 20, 2019 Listed by NON-MEMBER REALTOR 'LIST' $125,000
Listed by NON-MEMBER REALTOR 'LIST'
Oct 25, 2018 Sold
Premium
Sold
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 8
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 6
  • Basement Type: 9
  • Basement Area: 425
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 8
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,712
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 660
  • Total Building Area: 1,265
  • Gross Building Area: 1,265
  • Building Area: 1,265
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,265
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LESLIE
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LSV-232 LOT 11 BLOCK 12 CITY OF LESLIE

Neighborhood

  • School District Name: Leslie Public Schools
  • School Tax School District: 33100
  • Census Tract: 006100

Zoning

  • Zoning: R1A LO

Geography

  • District: 17-14
  • Parcel: 33-17-14-21-455-010
  • Block: 12
  • Lot: 11
  • Municipality: LESLIE CITY
  • Latitude: 42.4524
  • Longitude: -84.4297

    Address

  • Full Address: 118 Covert St
  • Legal Unit: 11
  • Address - House Number: 118
  • Address - Street Name: Covert
  • Address - Suffix Type: St
  • State: MI
  • City Name: Leslie
  • Carrier Code: R053
  • 4-Digit Zip Code: 9455
  • Zip Code: 49251

Valuation

    Tax

  • Tax Year: 2021
  • Tax Amount: $295,876

    Appraisal Valuation

  • Standard Deviation: 0.2544
  • Valuation Date: Jul 05, 2023
  • Confidence Score: 64
  • Final Value: 180,013
  • High Value: 225,815
  • Low Value: 134,211

    Market Valuation

  • Market Total Value: $125,600
  • Market Land Value: $21,100
  • Market Improvement Value: $104,500

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $62,800
  • Assessed Land Value: $10,550
  • Assessed Improvements Value: $52,250

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 31, 2019
  • Current Sale Recording Date: Jun 06, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2019-018924
  • Previous Sale Recording Date: Oct 25, 2018
  • Previous Sale Contract Date: Oct 18, 2018
  • Previous Sale Amount: $110,000
  • 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 Leslie

Stats & Trends

Median Asking:

$219,000

Sale Price/ft²

$135

Below Asking

0.01%

Average Days on Market

40

Average Home Size

1485 ft²

Average Home Age

102 years

Currently For Sale

3 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: MichRIC Non-Member, NON-MEMBER REALTOR 'LIST'
Last Updated: 11 months ago
Data Source: MichRIC, MLS# 25063001
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 118 Covert Street built and last sold?
The property at 118 Covert Street was built in 1900 and last sold on May 31, 2019 for $125,000.
How much is this home worth?
The estimated value of the home located at 118 Covert Street is $0.
What are some comparable homes to 118 Covert Street?
There are currently no comparable homes to 118 Covert Street.
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