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Washtenaw 48176
1240 Bishop Road
$450,000
● House - Off Market

1240 Bishop Road

Saline, MI 48176
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,992 Ft²
$2,434
Est. Monthly
6.62%
Cap Rate

About This Property

Enjoy country living at its best in this beautifully maintained tri-level home on a full acre, just minutes from downtown Saline! This light-filled, move-in ready home offers 3 bedrooms and 2 full baths on the upper level. The lower level features a cozy yet spacious family room with a fireplace, plus a home office or optional 4th bedroom. The open and airy layout flows into a charming 3-season room off the dining area-complete with a hot tub-perfect for relaxing year-round. With plenty of space both inside and out, this home offers the perfect blend of comfort, style, and convenience. Don't miss it! Call today to schedule your private showing.
Unit Size
1,992 Ft²
Days on Market
47 days
Land Size
1.19 acres
Price per sqft
$220
Property Type
House
Property Taxes
$278
HOA Dues
-
Year Built
1972

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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: 2 years ago (MichRIC MLS #25021662)

Price History

Date / Event Date Event Price
Jul 2, 2025 Sold
Premium
Sold
May 19, 2025 In contract -
In contract
May 13, 2025 Listed by RE/MAX Platinum $439,000
Listed by RE/MAX Platinum
Nov 23, 2010 Sold
Premium
Sold
Jul 20, 2010 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Bedroom Count: 3
  • 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: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 480
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 51,836
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,992
  • Building Area: 1,992
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,992
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001190
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: OLD SID - S 19-005-006-10 YO 5-2A-1D-2 COM AT CEN OF SEC, TH E 654 FT ON EW1/4 LN, TH N 0 DEG 49' 2" W 649.84 FT TO POB, TH N

Neighborhood

  • School District Name: Saline Area Schools
  • School Tax School District: SALINE
  • Census Tract: 422201

Zoning

  • Zoning: R-1

Geography

  • District: S
  • Parcel: S -19-05-100-021
  • Block: 100
  • Meridian: SEC 05 TWN 4S RNG 6E
  • Municipality: YORK TWP
  • Latitude: 42.1648
  • Longitude: -83.745

    Address

  • Full Address: 1240 Bishop Rd
  • Address - House Number: 1240
  • Address - Street Name: Bishop
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Saline
  • Carrier Code: R008
  • 4-Digit Zip Code: 9454
  • Zip Code: 48176

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $262,131
  • Tax Rate Code Area: S -19

    Appraisal Valuation

  • Standard Deviation: 0.1937
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 74
  • Final Value: 372,717
  • High Value: 444,920
  • Low Value: 300,514

    Market Valuation

  • Market Total Value: $274,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $137,400

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 04, 2010
  • Current Sale Recording Date: Nov 23, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 5984977
  • Previous Sale Recording Date: Jul 20, 2010
  • Previous Sale Contract Date: Jul 02, 2010
  • Previous Sale Amount: $7,500
  • 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 Washtenaw

Stats & Trends

Median Asking:

$449,900

Sale Price/ft²

$230

Below Asking

0.02%

Average Days on Market

48

Average Home Size

2064 ft²

Average Home Age

57.8 years

Currently For Sale

671 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: Daniel DeCapua, RE/MAX Platinum
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25021662
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 1240 Bishop Road built and last sold?
The property at 1240 Bishop Road was built in 1972 and last sold on Nov 4, 2010 for $149,500.
How much is this home worth?
The estimated value of the home located at 1240 Bishop Road is $0.
What are some comparable homes to 1240 Bishop Road?
There are currently no comparable homes to 1240 Bishop Road.
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