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Lenawee 49230
12468 Stephenson Road
$960,000
● House - Off Market

12468 Stephenson Road

Brooklyn, MI 49230
bedrooms
5 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
4,753 Ft²
$5,502
Est. Monthly
2.77%
Cap Rate

About This Property

Gorgeous Timber home with almost 48 acres, including a 40x24 pole barn (2018) with cement floor.   Anderson Windows, siding, deck, Fiber internet, mudroom with new washer/dryer, glass Stove top, garage doors, main level walk in shower and so much more! Radiant heat in garage and basement floors already installed with hot water heater. (It needs hooked up, never used). Large Master Suite w/ fireplace, walk in closet and large bonus room with laundry hook ups.  Office on main floor can also be used for accessibility if needed with wider doors and walk in shower in bath. Beautiful Great room w/ large  windows. There is so much great space in this home with also a den, 3 seasons room and loft area, all very open. You must see this home!
Unit Size
4,753 Ft²
Days on Market
-
Land Size
47.75 acres
Price per sqft
$210
Property Type
House
Property Taxes
$591
HOA Dues
-
Year Built
2001

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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 #24032225)

Price History

Date / Event Date Event Price
Jan 24, 2025 Sold
Premium
Sold
Jan 6, 2025 In contract -
In contract
Nov 14, 2024 Price Decreased $999,990
↓ $125K (11.1%)
Price Decreased
Oct 15, 2024 Relisted $1,125,000
Relisted
Sep 11, 2024 No longer available -
No longer available
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Bedroom Count: 0
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 0
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 500
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 2,616
  • Garage Type: 7
  • Garage Square Area: 1,536
  • Parking Space Count: 6
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,079,990
  • Total Building Area: 3,992
  • Building Area: 3,992
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,992
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000047750
  • Standard Land Use Code: 1001
  • County Land Use Code: 101
  • Legal Description 1: LD DES AS BEG ON S LI OF SEC 19 T5S R2E 256.98 FT N88^41'21"E FROM S1/4 COR TH N01^54'07"W 279.69 FT TH N28^46'31"E 220.35 TH

Neighborhood

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

Zoning

  • Zoning: AG

Geography

  • District: CA0
  • Parcel: CA0-119-4550-00
  • Meridian: SEC 19 TWN 05S RNG 02E
  • Municipality: CAMBRIDGE TWP
  • Latitude: 42.0164
  • Longitude: -84.2363

    Address

  • Full Address: 12468 Stephenson Rd
  • Address - House Number: 12468
  • Address - Street Name: Stephenson
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Brooklyn
  • Carrier Code: R004
  • 4-Digit Zip Code: 9028
  • Zip Code: 49230

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $673,135

    Appraisal Valuation

  • Standard Deviation: 0.1929
  • Valuation Date: Jul 14, 2022
  • Confidence Score: 74
  • Final Value: 702,073
  • High Value: 837,547
  • Low Value: 566,599

    Market Valuation

  • Market Total Value: $586,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $293,300

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 12, 2001
  • Current Sale Recording Date: Apr 12, 2001
  • Current 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: MEREDYTHE L HILL-VanDUSEN, ERA REARDON - BROOKLYN
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24032225
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 12468 Stephenson Road built and last sold?
The property at 12468 Stephenson Road was built in 2001 and last sold on Apr 12, 2001 for $0.
How much is this home worth?
The estimated value of the home located at 12468 Stephenson Road is $0.
What are some comparable homes to 12468 Stephenson Road?
There are currently no comparable homes to 12468 Stephenson Road.
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