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Lenawee 49220
15625 Davis
$300,000
● House - Off Market

15625 Davis

Addison, MI 49220
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,680 Ft²
$1,745
Est. Monthly
8.77%
Cap Rate
Unit Size
1,680 Ft²
Days on Market
-
Land Size
5.02 acres
Price per sqft
$188
Property Type
House
Property Taxes
$198
HOA Dues
-
Year Built
2015

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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: 2 years ago (MichRIC MLS #25016182)

Price History

Date / Event Date Event Price
Apr 17, 2025 Sold
Premium
Sold
Feb 24, 2025 Listed by NON-MEMBER REALTOR 'LIST' $315,000
Listed by NON-MEMBER REALTOR 'LIST'
Dec 2, 2010 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2015
  • Effective Year Built: 2015
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 17
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,650
  • Garage Type: 7
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 218,671
  • Total Building Area: 1,680
  • Building Area: 1,680
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,680
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DEVILS LAKE
  • Land Acres: 0000005020
  • Standard Land Use Code: 1016
  • County Land Use Code: 401
  • Legal Description 1: LD DES AS COMM AT S1/4 COR OF SEC 22 TH S88^49'24"W ALG S LI A DIST OF 33 FT TO W LI OF DEVILS LAKE HWY TH N ALG W LI 988.10 FT TH S89^07'03"W 653.20 FT TO POB TH CONT S89^07'03"W 657.23 FT TH N01^08'48"E 335.56 FT TH N89^16'52"E 651.36 FT TH S 333.5

Neighborhood

  • School District Name: Addison Community Schools
  • School Tax School District: SCH: 46020
  • Census Tract: 060401

Geography

  • District: WD0
  • Section: 22
  • Parcel: WD0-122-3440-00
  • Municipality: WOODSTOCK TWP
  • Latitude: 42.0188
  • Longitude: -84.2994

    Address

  • Full Address: 15625 Davis Dr
  • Address - House Number: 15625
  • Address - Street Name: Davis
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Addison
  • Carrier Code: R021
  • 4-Digit Zip Code: 9338
  • Zip Code: 49220

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $217,236

    Appraisal Valuation

  • Standard Deviation: 0.1769
  • Valuation Date: Dec 07, 2022
  • Confidence Score: 77
  • Final Value: 299,045
  • High Value: 351,961
  • Low Value: 246,128

    Market Valuation

  • Market Total Value: $201,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $100,900

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 22, 2010
  • Current Sale Recording Date: Dec 02, 2010
  • Current Sale Price:
    Premium
  • Current 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: MichRIC Non-Member, NON-MEMBER REALTOR 'LIST'
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25016182
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 15625 Davis Drive built and last sold?
The property at 15625 Davis Drive was built in 2015 and last sold on Nov 22, 2010 for $28,000.
How much is this home worth?
The estimated value of the home located at 15625 Davis Drive is $317,524.
What are some comparable homes to 15625 Davis Drive?
There are currently no comparable homes to 15625 Davis Drive.
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