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Branch 49082
118 Wright Road
$60,000
● House - Off Market

118 Wright Road

Quincy, MI 49082
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,056 Ft²
$116,508
RealtyHop Estimate
92.74%
Since Mar 1, 2014
National-US
Primary Model

About This Property

Location! Location!..... Over 130 feet of water frontage on the Marble Lake Chain. 3 Bedroom home sitting on a large lot with porch overlooking the water. A 32x24 pole barn provides ample room for all of the toys. (7565)
Unit Size
1,056 Ft²
Days on Market
-
Land Size
0.45 acres
Price per sqft
$57
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
-

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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 #13062493)

Price History

Date / Event Date Event Price
Sep 11, 2020 Sold
Premium
Sold
Mar 4, 2014 Sold
Premium
Sold
Oct 25, 2013 Listed by CENTURY 21 Affiliated $60,450
Listed by CENTURY 21 Affiliated

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,038
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SUNSET HEIGHTS #2
  • Land Acres: 0000000460
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 14 SUNSET HEIGHTS NO. 2 SEC 4 T7S R5W

Neighborhood

  • School District Name: Quincy Community School District
  • School Tax School District: QUINCY
  • Census Tract: 950900

Geography

  • District: 120
  • Parcel: 120-S50-000-014-00
  • Lot: 14
  • Meridian: SEC 04 TWN 07S RNG 05W
  • Municipality: ALGANSEE TWP
  • Latitude: 41.8957
  • Longitude: -84.8951

    Address

  • Full Address: 118 Wright Rd
  • Address - House Number: 118
  • Address - Street Name: Wright
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Quincy
  • Carrier Code: R002
  • 4-Digit Zip Code: 9516
  • Zip Code: 49082

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $96,159
  • Tax Rate Code Area: 120

    Appraisal Valuation

  • Standard Deviation: 0.1455
  • Valuation Date: Jul 05, 2023
  • Confidence Score: 70
  • Final Value: 188,781
  • High Value: 216,252
  • Low Value: 161,309

    Market Valuation

  • Market Total Value: $196,544

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $98,272

    Sales

  • Current Sale Contract Date: Jun 17, 2020
  • Current Sale Recording Date: Sep 11, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 54
  • Current Sale Input Document Number: 2020-06033
  • Previous Sale Recording Date: Mar 04, 2014
  • Previous Sale Contract Date: Dec 13, 2013
  • Previous Sale Amount: $60,000
  • Previous Sale Document Type: 51
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 Branch

Stats & Trends

Median Asking:

$249,900

Sale Price/ft²

$164

Below Asking

0.03%

Average Days on Market

60

Average Home Size

2018 ft²

Average Home Age

63.4 years

Currently For Sale

116 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: Rick Roth, CENTURY 21 Affiliated
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 13062493
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 Wright Road built and last sold?
The property at 118 Wright Road was built in and last sold on Jun 17, 2020 for $125,000.
How much is this home worth?
The estimated value of the home located at 118 Wright Road is $66,590.
What are some comparable homes to 118 Wright Road?
There are currently no comparable homes to 118 Wright Road.
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