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Washtenaw
12400 Roepke Road
$355,000
● House - Off Market

12400 Roepke Road

Gregory, MI 48137
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,133 Ft²
$413,193
RealtyHop Estimate
33.72%
Since Nov 1, 2020
National-US
Primary Model

About This Property

Come home to country living within the Chelsea School District. This 2-story home on 10 acres features 3 bedrooms, 2-1/2 baths, full basement, extra large detached 4-car garage and large 18x20 family room for gatherings. Combination wood burner and fuel furnace. House has been newly stained and has a newer water softener. An additional 8 acres is available with the purchase of house for $45,000, if bought with the house and 10 acres. High speed internet will be brought to the house and is waiting to be installed by the township. Contact Lyndon Township for more information.,   Primary Bath
Unit Size
2,133 Ft²
Days on Market
-
Land Size
10.00 acres
Price per sqft
$145
Property Type
House
Property Taxes
$345
HOA Dues
-
Year Built
1978

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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 #51722)

Price History

Date / Event Date Event Price
Nov 24, 2020 Sold
Premium
Sold
Oct 13, 2020 Sold
Premium
Sold
Jun 24, 2020 Listed by The Charles Reinhart Company $309,000
Listed by The Charles Reinhart Company

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Bedroom Count: 5
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 435,600
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,133
  • Building Area: 2,133
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,133
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000010000
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: OLD SID - E 05-004-007-20 LY 4-5C COM AT S 1/4 COR OF SEC, TH N 3-00-00 W2280.04 FT IN N & S 1/4 LINE FOR POB, TH S 83-51-35

Neighborhood

  • School District Name: Chelsea School District
  • School Tax School District: CHELSEA
  • Census Tract: 445000

Zoning

  • Zoning: RH

Geography

  • District: E
  • Parcel: E -05-04-300-009
  • Block: 300
  • Meridian: SEC 04 TWN 01S RNG 03E
  • Municipality: LYNDON TWP
  • Latitude: 42.417
  • Longitude: -84.0868

    Address

  • Full Address: 12400 Roepke Rd
  • Address - House Number: 12400
  • Address - Street Name: Roepke
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Gregory
  • Carrier Code: R033
  • 4-Digit Zip Code: 9785
  • Zip Code: 48137

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $152,969
  • Tax Rate Code Area: E

    Appraisal Valuation

  • Standard Deviation: 0.1329
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 84
  • Final Value: 399,256
  • High Value: 452,336
  • Low Value: 346,176

    Market Valuation

  • Market Total Value: $322,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $161,200

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 12, 2020
  • Current Sale Recording Date: Nov 24, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6556268
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: Shelley Scott, The Charles Reinhart Company
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 51722
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 12400 Roepke Road built and last sold?
The property at 12400 Roepke Road was built in 1978 and last sold on Oct 12, 2020 for $355,000.
How much is this home worth?
The estimated value of the home located at 12400 Roepke Road is $0.
What are some comparable homes to 12400 Roepke Road?
There are currently no comparable homes to 12400 Roepke Road.
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