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Lenawee 49230
12000 Knapp Highway
$122,500
● Land - Off Market

12000 Knapp Highway

Brooklyn, MI 49230
bedrooms
Studio
bathrooms
0 Bath
$768
Est. Monthly
4.77%
Cap Rate

About This Property

SHOVEL-READY SITE!! This acreage is ready to go. Property owners had change of personal plans during construction. This property perked in not one but four areas in 2023! Base of driveway is in, box and pole set for electricity-just need to call Consumers to connect. Property has been cleared and leveled, top soil scraped to build. The hard work has been done for you! All this property needs is your approved permit to build from the township! Comfortable size acreage to start your homestead. Deer, turkey galore. Close to lakes and wineries. Country living has never been easier, just north of US-12 makes commuting a dream. Time to build your dreams!
Unit Size
-
Days on Market
-
Land Size
10.71 acres
Price per sqft
-
Property Type
Land
Property Taxes
$153
HOA Dues
-
Year Built
1981

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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: 3 years ago (MichRIC MLS #24023397)

Price History

Date / Event Date Event Price
May 31, 2024 Sold
Premium
Sold
May 20, 2024 In contract -
In contract
May 13, 2024 Listed by Five Star Real Estate $125,000
Listed by Five Star Real Estate
Aug 21, 2018 Sold
Premium
Sold
Oct 1, 1996 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1981
  • Effective Year Built: 1981
  • Total Rooms: 4
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 832
  • Garage Type: 7
  • Garage Square Area: 676
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 439,520
  • Total Building Area: 2,522
  • Building Area: 2,522
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,522
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000010090
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LD BEG AT CTR SEC 4 RUNN TH S 1 DEG 34'W 311.51 FT TH N 88 DEG 48'W 1410.64 FT TH N 1 DEG 17'E 311.50 FT TO E & W-1/4 LI TH S 88 DEG 48'E 1412.20 FT TO POB SEC 4

Neighborhood

  • School District Name: Onsted Community Schools
  • School Tax School District: SCH: 46110
  • Census Tract: 060302

Zoning

  • Zoning: RE

Geography

  • District: CA0
  • Section: 4
  • Parcel: CA0-104-3300-00
  • Municipality: CAMBRIDGE TWP
  • Latitude: 42.0659
  • Longitude: -84.201

    Address

  • Full Address: 12000 Knapp Rd
  • Address - House Number: 12000
  • Address - Street Name: Knapp
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Brooklyn
  • Carrier Code: R003
  • 4-Digit Zip Code: 9251
  • Zip Code: 49230

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $326,935

    Appraisal Valuation

  • Standard Deviation: 0.1078
  • Valuation Date: Aug 30, 2023
  • Confidence Score: 89
  • Final Value: 118,603
  • High Value: 131,395
  • Low Value: 105,810

    Market Valuation

  • Market Total Value: $253,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $126,900

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 20, 2018
  • Current Sale Recording Date: Aug 21, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Oct 01, 1996
  • Previous Sale Contract Date: Oct 01, 1996
  • Previous Sale Amount: $150,000
  • Previous Sale Document Type: 27
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 Lenawee

Stats & Trends

Median Asking:

$260,000

Sale Price/ft²

$160

Below Asking

0.02%

Average Days on Market

55

Average Home Size

1989 ft²

Average Home Age

67.8 years

Currently For Sale

86 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: TIMOTHY CREECH, Five Star Real Estate
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24023397
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 12000 Knapp Road built and last sold?
The property at 12000 Knapp Road was built in 1981 and last sold on Aug 20, 2018 for $265,000.
How much is this home worth?
The estimated value of the home located at 12000 Knapp Road is $126,250.
What are some comparable homes to 12000 Knapp Road?
There are currently no comparable homes to 12000 Knapp Road.
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