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Washtenaw 48118
17675 Heim Road
$655,000
● House - Off Market

17675 Heim Road

Chelsea, MI 48118
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
3,738 Ft²
$4,094
Est. Monthly
6.16%
Cap Rate

About This Property

Explore 17675 Heim Rd, a charming 4-bed, 3.5-bath home in Chelsea, Michigan. This two-story residence boasts 3,138 sqft of above grade living space (~3,700 total sqft) filled with natural light, thanks to expansive windows offering serene views of the surroundings. Step onto the second-story balcony for picturesque property vistas. Recent updates, including a 5-year-old roof and geothermal furnace, ensure comfort. Set on 35 acres, the property features horse trails and scenic hilltops, making it a nature lover's paradise. Commuting to Ann Arbor is convenient via nearby I-94, and Chelsea's downtown is just minutes away. With a solid foundation and endless potential, this Chelsea home presents a unique opportunity.
Unit Size
3,738 Ft²
Days on Market
-
Land Size
35.67 acres
Price per sqft
$174
Property Type
House
Property Taxes
$902
HOA Dues
-
Year Built
1988

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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 #24004404)

Price History

Date / Event Date Event Price
Apr 2, 2024 Sold
Premium
Sold
Jan 23, 2024 Listed by The Charles Reinhart Company $650,000
Listed by The Charles Reinhart Company
Oct 23, 2023 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 4
  • 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: 9
  • Basement Area: 1,394
  • Garage Type: 7
  • Garage Square Area: 654
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,037,737
  • Lot Size Frontage Feet: 0
  • Total Building Area: 3,138
  • Building Area: 3,138
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 8
  • Heated Square Feet: 3,138
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000046780
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: OWNER REQUEST SY 33-12A-3A COM AT S 1/4 COR SEC 33, TH S 89-42-15 E 320.00 FTTO A POB, TH N 00-34-35 E 1836.55 FT, TH N

Neighborhood

  • School District Name: Chelsea School District
  • School Tax School District: CHELSEA
  • Census Tract: 447000

Zoning

  • Zoning: AG

Geography

  • District: F
  • Parcel: F -06-33-400-027
  • Block: 400
  • Meridian: SEC 33 TWN 02S RNG 03E
  • Municipality: SYLVAN TWP
  • Latitude: 42.2523
  • Longitude: -84.081

    Address

  • Full Address: 17675 Heim Rd
  • Address - House Number: 17675
  • Address - Street Name: Heim
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Chelsea
  • Carrier Code: R001
  • 4-Digit Zip Code: 9307
  • Zip Code: 48118

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $293,953
  • Tax Rate Code Area: F

    Appraisal Valuation

  • Standard Deviation: 0.0857
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 93
  • Final Value: 654,128
  • High Value: 710,225
  • Low Value: 598,032

    Market Valuation

  • Market Total Value: $669,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $334,900

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 26, 2024
  • Current Sale Recording Date: Apr 02, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6716492
  • Previous Sale Recording Date: Mar 28, 2024
  • Previous Sale Contract Date: Mar 26, 2024
  • Previous Sale Amount: $65,000
  • 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 Washtenaw

Stats & Trends

Median Asking:

$449,900

Sale Price/ft²

$230

Below Asking

0.02%

Average Days on Market

48

Average Home Size

2064 ft²

Average Home Age

57.8 years

Currently For Sale

671 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: Matthew McKernan, The Charles Reinhart Company
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24004404
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 17675 Heim Road built and last sold?
The property at 17675 Heim Road was built in 1988 and last sold on Mar 26, 2024 for $655,000.
How much is this home worth?
The estimated value of the home located at 17675 Heim Road is $619,139.
What are some comparable homes to 17675 Heim Road?
There are currently no comparable homes to 17675 Heim Road.
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