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Washtenaw
13533 Edgewater
$150,000
● House - Off Market

13533 Edgewater

Gregory, MI 48137
bedrooms
2 Beds
bathrooms
1 Bath
square feet
880 Ft²
$240,412
RealtyHop Estimate
45.70%
Since Feb 1, 2020
National-US
Primary Model

About This Property

Talk about the perfect setting on Halfmoon Lake; walk out your front door to enjoy a run/cross country ski/mountain bike on the Potawatomi trails, jump off the dock on a hot summer's day, hunt on State land this fall or enjoy boat rides up the chain of lakes (7 total!).  All possibilities with this location and it's spectacular views of the lake.  This is a cute home that could use some extra love and TLC to really make it shine.  Spruce it up to make it exactly how you want it or enjoy it's current charm.  1 car detached garage. All appliances stay. Deeded access to your summer dock and boat slip.  Open green space shared by friendly Halfmoon Hills Association.  Surrounded by state land. Year round home. Chelsea schools. Easy commute to Chelsea, Dexter, Ann Arbor. Property is being sold a as is.
Unit Size
880 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$188
Property Type
House
Property Taxes
$188
HOA Dues
-
Year Built
1948

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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 #23085693)

Price History

Date / Event Date Event Price
Feb 12, 2020 Sold
Premium
Sold
May 17, 2019 Listed by Howard Hanna $165,000
Listed by Howard Hanna

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 10
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 280
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 8
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,011
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 500
  • Total Building Area: 880
  • Building Area: 880
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 1
  • Heated Square Feet: 880
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HALF MOON LAKE HILLS SUBDIVISION
  • Land Acres: 0000000138
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: OLD SID D-04-110-019-00 DE 41-23 LOT 2, BLOCK 2 HALF MOON LAKE HILLSSUBDIVISION.

Neighborhood

  • School District Name: Chelsea School District
  • School Tax School District: CHELSEA
  • Census Tract: 444000

Zoning

  • Zoning: LR

Geography

  • District: D
  • Parcel: D -04-07-108-004
  • Block: 2
  • Lot: 2
  • Meridian: SEC 07 TWN 1S RNG 4E
  • Municipality: DEXTER TWP
  • Latitude: 42.4125
  • Longitude: -83.9987

    Address

  • Full Address: 13533 Edgewater Dr
  • Address - House Number: 13533
  • Address - Street Name: Edgewater
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Gregory
  • Carrier Code: R031
  • 4-Digit Zip Code: 9629
  • Zip Code: 48137

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $57,521
  • Tax Rate Code Area: 04

    Appraisal Valuation

  • Standard Deviation: 0.1887
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 75
  • Final Value: 186,112
  • High Value: 221,241
  • Low Value: 150,982

    Market Valuation

  • Market Total Value: $114,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $57,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 31, 2020
  • Current Sale Recording Date: Feb 12, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6508454
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: Jessica R Singer, Howard Hanna
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 23085693
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 13533 Edgewater Drive built and last sold?
The property at 13533 Edgewater Drive was built in 1948 and last sold on Jan 31, 2020 for $150,000.
How much is this home worth?
The estimated value of the home located at 13533 Edgewater Drive is $0.
What are some comparable homes to 13533 Edgewater Drive?
There are currently no comparable homes to 13533 Edgewater Drive.
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