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Monroe 48160
17150 Sherman Road
$200,000
● House - Off Market

17150 Sherman Road

Milan, MI 48160
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,600 Ft²
$319,342
RealtyHop Estimate
52.14%
Since Jan 1, 2019
National-US
Primary Model

About This Property

Property located in a MSHDA Step Forward eligible area. Buyer may qualify for $15,000 forgivable down payment and closing cost assistance!!!!!Towering trees provide a beautiful park-like setting for this country brick ranch home on 1.3 acres. Easy living on all one level, with close proximity to town. 3 bdm, 2 full baths, a spacious kitchen and 1st fl laundry/mudroom. Enjoy crisp fall evenings in the 3-season sunroom overlooking the back yard. 2car attached garage plus 48 x 32 pole barn for all the adult toys.New easycare metal roof, supplemental wood burning stove & whole house fan.Low township taxes. Start packing and make this your new HOME!!
Unit Size
1,600 Ft²
Days on Market
-
Land Size
1.36 acres
Price per sqft
$131
Property Type
House
Property Taxes
$215
HOA Dues
-
Year Built
-

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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 #23101702)

Price History

Date / Event Date Event Price
Dec 7, 2018 Sold
Premium
Sold
Sep 13, 2018 Listed by RE/MAX Platinum $209,900
Listed by RE/MAX Platinum

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 3
  • 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: 59,242
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001360
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: 1141-971 SEC 10 T5S R6E 1.364 A COM AT A PT ON E & W 1/4 LI OF SEC 10 DIST W 611 FT FR E 1/4 COR OF SEC 10 TH W 210 FT TH N

Neighborhood

  • School District Name: Milan Area Schools
  • School Tax School District: MILAN
  • Census Tract: 830700

Geography

  • District: 11
  • Parcel: 11-010-001-10
  • Meridian: SEC 10 TWN 05S RNG 06E
  • Municipality: MILAN TWP
  • Latitude: 42.0628
  • Longitude: -83.6975

    Address

  • Full Address: 17150 Sherman Rd
  • Address - House Number: 17150
  • Address - Street Name: Sherman
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Milan
  • Carrier Code: R003
  • 4-Digit Zip Code: 9220
  • Zip Code: 48160

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $108,228
  • Tax Rate Code Area: 11

    Appraisal Valuation

  • Standard Deviation: 0.189
  • Valuation Date: Dec 21, 2022
  • Confidence Score: 75
  • Final Value: 289,388
  • High Value: 344,101
  • Low Value: 234,675

    Market Valuation

  • Market Total Value: $234,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $117,300

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 04, 2018
  • Current Sale Recording Date: Dec 07, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2018R22208
  • Previous Sale Recording Date: Dec 07, 2018
  • Previous Sale Contract Date: Dec 04, 2018
  • Previous Sale Amount: $200,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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 Monroe

Stats & Trends

Median Asking:

$299,900

Sale Price/ft²

$178

Below Asking

0.02%

Average Days on Market

53

Average Home Size

1881 ft²

Average Home Age

32.5 years

Currently For Sale

48 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

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MichRIC

Listed by: Mary Robertson, RE/MAX Platinum
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 23101702
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 17150 Sherman Road built and last sold?
The property at 17150 Sherman Road was built in and last sold on Dec 4, 2018 for $200,000.
How much is this home worth?
The estimated value of the home located at 17150 Sherman Road is $0.
What are some comparable homes to 17150 Sherman Road?
There are currently no comparable homes to 17150 Sherman Road.
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