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Lenawee 49253
13554 Slee Road
$55,000
● Land - Off Market

13554 Slee Road

Manitou Beach, MI 49253
bedrooms
Studio
bathrooms
0 Bath
$371
Est. Monthly
10.78%
Cap Rate

About This Property

This great property has a large 72x46 steel frame pole building on a concrete foundation. The building is currently separated into a 72 x 30 area with 2-30x15 rooms and 72 x 16 area. Updates to the property since 2019 include: New well and septic, bathroom in building, 2-200 amp electrical boxes with outdoor underground electric wire, 16- 120 amp plugs, 4-240 amp plugs, small tankless water heater, electric garage door and 48 inch ventilation fan. This property has many possibilities.
Unit Size
-
Days on Market
-
Land Size
1.21 acres
Price per sqft
-
Property Type
Land
Property Taxes
$35
HOA Dues
-
Year Built
-

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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 #24036162)

Price History

Date / Event Date Event Price
Aug 30, 2024 Sold
Premium
Sold
Aug 6, 2024 In contract -
In contract
Jul 15, 2024 Listed by Howard Hanna Real Estate $68,500
Listed by Howard Hanna Real Estate
Jul 1, 2024 No longer available -
No longer available
Dec 13, 2023 No longer available -
No longer available
Show More

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 10
  • 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: 52,708
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 6
  • Heating: 4
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001210
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LD BEG 1320 FT W AND 300 FT S FROM NE COR SEC 36 RUNN TH S 53^55'E 488.89 FT TH S 18^27'E 160 FT TO CTR LI SLEE RD TH S 71^32'W 328 FT TH CURVE LEFT CHD BRG 35^51'W 238.74 FT TH N 737.01 FT TO POB SEC 36 EXC LD DES AS COMM AT THE NE COR OF SD SEC TH

Neighborhood

  • School District Name: Onsted Community Schools
  • School Tax School District: SCH: 46110
  • Census Tract: 060401

Geography

  • District: WD0
  • Section: 36
  • Parcel: WD0-136-2275-00
  • Municipality: WOODSTOCK TWP
  • Latitude: 41.9991
  • Longitude: -84.2513

    Address

  • Full Address: 13554 Slee Rd
  • Address - House Number: 13554
  • Address - Street Name: Slee
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Manitou Beach
  • Carrier Code: R001
  • 4-Digit Zip Code: 9741
  • Zip Code: 49253

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1071
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 89
  • Final Value: 95,920
  • High Value: 106,201
  • Low Value: 85,638

    Market Valuation

  • Market Total Value: $29,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $14,700

    Sales

  • Current Sale Contract Date: Jul 09, 2019
  • Current Sale Recording Date: Jul 11, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Jan 24, 2019
  • Previous Sale Contract Date: Jan 22, 2019
  • Previous Sale Amount: $49,900
  • 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 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: Greg Uihlein, Howard Hanna Real Estate
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24036162
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 13554 Slee Road built and last sold?
The property at 13554 Slee Road was built in and last sold on Jul 9, 2019 for $42,000.
How much is this home worth?
The estimated value of the home located at 13554 Slee Road is $69,185.
What are some comparable homes to 13554 Slee Road?
There are currently no comparable homes to 13554 Slee Road.
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