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Hillsdale 49252
11989 Rainey Road
$125,000
● House - Off Market

11989 Rainey Road

Litchfield, MI 49252
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,800 Ft²
$232,343
RealtyHop Estimate
85.87%
Since Jul 1, 2014
National-US
Primary Model

About This Property

Call Realtor Dustin Damon at .Very Rustic home nestled in the woods features unique construction materials, Four bedrooms and two full baths, wood/pellet burning fireplace and propane forced air heat. Detached barn with a large workshop. There is 36.5 acres made of of woods, swamp and 7 tillable acres. If privacy is your goal it doesn't get any more secluded than this one. Land Contract terms are also available for qualifying buyers. The farm ground is leased for the 2014 season.
Unit Size
1,800 Ft²
Days on Market
-
Land Size
36.50 acres
Price per sqft
$69
Property Type
House
Property Taxes
$183
HOA Dues
-
Year Built
2004

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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 #14025992)

Price History

Date / Event Date Event Price
Jun 30, 2014 Sold
Premium
Sold
May 27, 2014 Listed by C-21 Affiliated - Jackson $125,000
Listed by C-21 Affiliated - Jackson
May 16, 2014 Listed by RE/MAX Perrett Associates $125,000
Listed by RE/MAX Perrett Associates
Apr 20, 2012 Sold
Premium
Sold
Jan 13, 2012 Listed by RE/MAX Perrett Associates $130,000
Listed by RE/MAX Perrett Associates

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Building Count: 2
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • 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: 1,491,930
  • Total Building Area: 1,800
  • Gross Building Area: 1,800
  • Building Area: 1,800
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,800
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: False
  • Land Acres: 0000034250
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: N1/2 NE1/4 SEC 1 T5S R4W 36.50 A M/L

Neighborhood

  • School District Name: Litchfield Community Schools
  • Census Tract: 050300

Geography

  • District: 01
  • Parcel: 01-001-200-001-01-5-4
  • Meridian: SEC 01 TWN 05S RNG 04W
  • Municipality: LITCHFIELD TWP
  • Latitude: 42.0694
  • Longitude: -84.7132

    Address

  • Full Address: 11989 Rainey Rd
  • Address - House Number: 11989
  • Address - Street Name: Rainey
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Litchfield
  • Carrier Code: R051
  • 4-Digit Zip Code: 9672
  • Zip Code: 49252

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $74,130

    Appraisal Valuation

  • Standard Deviation: 0.2656
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 62
  • Final Value: 302,171
  • High Value: 382,428
  • Low Value: 221,913

    Market Valuation

  • Market Total Value: $250,839
  • Market Land Value: $152,325
  • Market Improvement Value: $98,514

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $125,400

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 26, 2014
  • Current Sale Recording Date: Jun 30, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Apr 20, 2012
  • Previous Sale Contract Date: Mar 30, 2012
  • Previous Sale Amount: $130,000
  • Previous Sale Document Type: 44

    Financing

  • First Mortgage Financing Type: ADJ
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 Hillsdale

Stats & Trends

Median Asking:

$249,900

Sale Price/ft²

$150

Below Asking

0.02%

Average Days on Market

61

Average Home Size

1895 ft²

Average Home Age

88.4 years

Currently For Sale

107 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: Dustin Damon, RE/MAX Perrett Associates
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 14025992
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 11989 Rainey Road built and last sold?
The property at 11989 Rainey Road was built in 2004 and last sold on Jun 26, 2014 for $125,000.
How much is this home worth?
The estimated value of the home located at 11989 Rainey Road is $0.
What are some comparable homes to 11989 Rainey Road?
There are currently no comparable homes to 11989 Rainey Road.
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