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Wayne 48111
14015 Sheldon Road
$125,000
● House - Off Market

14015 Sheldon Road

Belleville, MI 48111
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,400 Ft²
$849
Est. Monthly
33.98%
Cap Rate

About This Property

Older home has spacious rooms, greatroom opens to door wall leading to the back of the house.  Property features a deep backyard.  Home is within walking a driving distance to downtown Belleville for shopping, dining and entertainment.  EMD is to be held with seller's title company.
Unit Size
1,400 Ft²
Days on Market
69 days
Land Size
0.32 acres
Price per sqft
$95
Property Type
House
Property Taxes
$198
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: 2 years ago (MichRIC MLS #24051234)

Price History

Date / Event Date Event Price
Dec 6, 2024 Sold
Premium
Sold
Oct 21, 2024 In contract -
In contract
Sep 26, 2024 Listed by Willingham Real Estate $132,500
Listed by Willingham Real Estate
Oct 11, 2022 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 20
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 480
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,939
  • Lot Size Depth Feet: 2,800
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,116
  • Building Area: 1,116
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,116
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000320
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: 27N3G1 PT OF NE 1/4 OF SEC 27 BEG N2DEG 16M 10S W 1439.38FT AND N87DEG 43M 50S E 43FT FROM CEN 1/4 COR OF SEC 27 TH N2DEG 16M

Neighborhood

  • School District Name: Van Buren Public Schools
  • School Tax School District: VAN BUREN
  • Census Tract: 588400

Zoning

  • Zoning: AG

Geography

  • District: 83
  • Section: 27
  • Parcel: 83 105 99 0082 000
  • Lot: 0082
  • Municipality: VAN BUREN TWP
  • Latitude: 42.2015
  • Longitude: -83.4746

    Address

  • Full Address: 14015 Sheldon Rd
  • Address - House Number: 14015
  • Address - Street Name: Sheldon
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Van Buren Township
  • Carrier Code: C020
  • 4-Digit Zip Code: 4920
  • Zip Code: 48111

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $126,748
  • Tax Rate Code Area: 82430

    Appraisal Valuation

  • Standard Deviation: 0.4565
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 8
  • Final Value: 180,949
  • High Value: 263,558
  • Low Value: 98,339

    Market Valuation

  • Market Total Value: $176,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $88,300

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 15, 2022
  • Current Sale Recording Date: Oct 11, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 64
  • Current Sale Input Document Number: 307323
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 Wayne

Stats & Trends

Median Asking:

$189,900

Sale Price/ft²

$147

Above Asking

0.35%

Average Days on Market

56

Average Home Size

4542 ft²

Average Home Age

79.7 years

Currently For Sale

578 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: Francine Willingham, Willingham Real Estate
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24051234
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 14015 Sheldon Road built and last sold?
The property at 14015 Sheldon Road was built in 1948 and last sold on Sep 15, 2022 for $17,249.
How much is this home worth?
The estimated value of the home located at 14015 Sheldon Road is $0.
What are some comparable homes to 14015 Sheldon Road?
There are currently no comparable homes to 14015 Sheldon Road.
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