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Washtenaw 48130
1240 N Steinbach Road
$375,000
● House - Off Market

1240 N Steinbach Road

Dexter, MI 48130
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,166 Ft²
$1,887
Est. Monthly
10.56%
Cap Rate

About This Property

Charming mid-century ranch, a classic, Michigan-made Aladdin kit home! Heart-of-the-house kitchen, thoughtfully arranged, with an eating peninsula perfect for casual dining. Large living room an ideal space for relaxation & entertaining. 3 bedrooms as well as an updated full bath & half bath. The finished basement is a wonderful retreat that includes a family room with fireplace, as well as space for exercise & gaming. Additional workshop, laundry room & plenty of space for storage. Embrace the tranquility of country living while being just minutes away from downtown Dexter, Ann Arbor & Chelsea. Recent updates include a new septic field, durable metal roof & luxury vinyl plank flooring in the basement.
Unit Size
2,166 Ft²
Days on Market
-
Land Size
1.70 acres
Price per sqft
$150
Property Type
House
Property Taxes
$290
HOA Dues
-
Year Built
1956

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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 #24019890)

Price History

Date / Event Date Event Price
May 23, 2024 Sold
Premium
Sold
Apr 23, 2024 Listed by Howard Hanna $325,000
Listed by Howard Hanna

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,366
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 8
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 74,052
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,366
  • Building Area: 1,366
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,366
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001700
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: OLD SID - G 07-013-023-00 LI 13-14 BEG AT NW COR OF SW 1/4 OF NW 1/4, TH N57.75 FT IN W LINE OF SEC, TH EAST 181.5 FT, TH S

Neighborhood

  • School District Name: Dexter Community School District
  • School Tax School District: DEXTER
  • Census Tract: 448000

Zoning

  • Zoning: AG-2

Geography

  • Assessors Map Reference: MAP 555
  • District: G
  • Parcel: G -07-13-200-002
  • Block: 200
  • Meridian: SEC 13 TWN 2S RNG 4E
  • Municipality: LIMA TWP
  • Latitude: 42.3073
  • Longitude: -83.918

    Address

  • Full Address: 1240 N Steinbach Rd
  • Address - House Number: 1240
  • Street Direction: N
  • Address - Street Name: Steinbach
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Dexter
  • Carrier Code: R001
  • 4-Digit Zip Code: 9740
  • Zip Code: 48130

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $101,250
  • Tax Rate Code Area: G-07

    Appraisal Valuation

  • Standard Deviation: 0.1604
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 80
  • Final Value: 342,375
  • High Value: 397,296
  • Low Value: 287,453

    Market Valuation

  • Market Total Value: $201,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $100,800

    Exemptions

  • Homeowner Exemption: Yes
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

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MichRIC

Listed by: Stephanie L Flood, Howard Hanna
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24019890
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 North Steinbach Road built and last sold?
The property at 1240 North Steinbach Road was built in 1956 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1240 North Steinbach Road is $336,576.
What are some comparable homes to 1240 North Steinbach Road?
There are currently no comparable homes to 1240 North Steinbach Road.
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