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South Gull Lake 49060
1502 Midland Drive
$275,000
● House - Off Market

1502 Midland Drive

Hickory Corners, MI 49060
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,664 Ft²
$400,686
RealtyHop Estimate
45.70%
Since Feb 1, 2020
National-US
Primary Model
Unit Size
1,664 Ft²
Days on Market
-
Land Size
-
Price per sqft
$165
Property Type
House
Property Taxes
$321
HOA Dues
-
Year Built
1950

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #19057851)

Price History

Date / Event Date Event Price
Jan 27, 2020 Sold
Premium
Sold
Dec 10, 2019 Listed by Berkshire Hathaway HomeServices MI $275,000
Listed by Berkshire Hathaway HomeServices MI

Property Highlights

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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 Count: 200
  • 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: 0
  • Lot Size Frontage Feet: 689
  • Total Building Area: 1,664
  • Building Area: 1,664
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,664
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: SPLIT/COMBINED ON 01/27/2021 FROM 04-08-390-370, 04-08-390-360, 04-08-390-381, 04-08-390-600; MIDLAND PARK ANNEX SLY 5 FT LOT

Neighborhood

  • School District Name: Gull Lake Community Schools
  • School Tax School District: GULL LAKE
  • Census Tract: 002601

Zoning

  • Zoning: R-1

Geography

  • District: 4
  • Parcel: 04-08-390-382
  • Block: F
  • Municipality: ROSS TWP
  • Latitude: 42.3926
  • Longitude: -85.3875

    Address

  • Full Address: 1502 Midland Dr
  • Address - House Number: 1502
  • Address - Street Name: Midland
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Hickory Corners
  • Carrier Code: R012
  • 4-Digit Zip Code: 9304
  • Zip Code: 49060

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $108,051

    Appraisal Valuation

  • Standard Deviation: 0.2038
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 72
  • Final Value: 357,971
  • High Value: 430,947
  • Low Value: 284,996

    Market Valuation

  • Market Total Value: $212,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $106,100

    Exemptions

  • Homeowner Exemption: Yes
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 South Gull Lake

Stats & Trends

Median Asking:

$510,000

Sale Price/ft²

$210

Below Asking

0.01%

Average Days on Market

48

Average Home Size

2902 ft²

Average Home Age

36 years

Currently For Sale

6 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

Unit for rent at 12135 M-89, MI, 49083

$2,300 /mo

  • 3 Beds
  • 2 Baths
  • 1,210 ft²
12135 M-89 #3, MI, 49083 Listing by Matthew H Callander

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Greg Courtney, Berkshire Hathaway HomeServices MI
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 19057851
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 1502 Midland Drive built and last sold?
The property at 1502 Midland Drive was built in 1950 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1502 Midland Drive is $282,689.
What are some comparable homes to 1502 Midland Drive?
There are currently no comparable homes to 1502 Midland Drive.
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