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Brooklyn 49230
151 Nicole Drive
$200,000
● House - Off Market

151 Nicole Drive

Brooklyn, MI 49230
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,198 Ft²
$1,136
Est. Monthly
23.68%
Cap Rate

About This Property

Investor Special!  3 bedroom 3 bath home in Brooklyn, MI.  Ranch style home with 3 main floor bedrooms and 2 full baths.  Main floor laundry and an open kitchen and living room area with vaulted ceilings.  Basement is framed in with great potential for a 4th bedroom, family room and storage.  Bathroom and 2 egress windows in the basement are already present.  Concrete driveway.
Unit Size
1,198 Ft²
Days on Market
18 days
Land Size
0.32 acres
Price per sqft
$159
Property Type
House
Property Taxes
$203
HOA Dues
-
Year Built
2005

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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 #25015122)

Price History

Date / Event Date Event Price
May 2, 2025 Sold
Premium
Sold
Apr 17, 2025 In contract -
In contract
Apr 14, 2025 Listed by Heart for Homes, LLC $189,900
Listed by Heart for Homes, LLC
May 13, 2009 Sold
Premium
Sold
May 11, 2004 Sold
Premium
Sold

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,198
  • Garage Type: 7
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,939
  • Lot Size Depth Feet: 1,550
  • Total Building Area: 1,198
  • Building Area: 1,198
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,198
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COLBROOK MEADOWS SITE CONDOMINIUM
  • Land Acres: 0000000320
  • Standard Land Use Code: 1004
  • County Land Use Code: 401
  • Legal Description 1: UNIT 43 COLBROOK MEADOWS SITE CONDOMINIUM COMBINED FROM 000-19-24-376-001-00 AND 000-19-24-451-001-00 ON 9-20-2000;

Neighborhood

  • School District Name: Columbia School District
  • School Tax School District: 38040
  • Census Tract: 006306

Zoning

  • Zoning: RS-1

Geography

  • Assessors Map Reference: MAPS
  • District: 02
  • Parcel: 000-19-24-455-043-00
  • Municipality: BROOKLYN VILLAGE
  • Latitude: 42.1052
  • Longitude: -84.2562

    Address

  • Full Address: 151 Nicole Dr
  • Legal Unit: 43
  • Address - House Number: 151
  • Address - Street Name: Nicole
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Brooklyn
  • Carrier Code: R007
  • 4-Digit Zip Code: 9379
  • Zip Code: 49230

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $246,130
  • Tax Rate Code Area: 41

    Appraisal Valuation

  • Standard Deviation: 0.1902
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 74
  • Final Value: 281,451
  • High Value: 335,008
  • Low Value: 227,894

    Market Valuation

  • Market Total Value: $227,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $113,500

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 08, 2009
  • Current Sale Recording Date: May 13, 2009
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2537175
  • Previous Sale Recording Date: May 11, 2004
  • Previous Sale Contract Date: Apr 03, 2004
  • Previous Sale Amount: $34,000
  • 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 Brooklyn

Stats & Trends

Median Asking:

$268,500

Sale Price/ft²

$156

Below Asking

0.02%

Average Days on Market

78

Average Home Size

761 ft²

Average Home Age

59.2 years

Currently For Sale

5 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

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: TAD FRENCH, Heart for Homes, LLC
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25015122
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 151 Nicole Drive built and last sold?
The property at 151 Nicole Drive was built in 2005 and last sold on May 8, 2009 for $105,000.
How much is this home worth?
The estimated value of the home located at 151 Nicole Drive is $191,799.
What are some comparable homes to 151 Nicole Drive?
There are currently no comparable homes to 151 Nicole Drive.
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