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Wixom 48393
1850 Grasmere Lane
$375,000
● House - Off Market

1850 Grasmere Lane

Wixom, MI 48393
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,480 Ft²
$397,832
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

Charming family home in highly desirable Wexford Mews subdivision of Wixom. This modern two story home has been tastefully updated throughout & offers the perfect opportunity to move right in! You will fall in the love with the large fenced-in backyard & peaceful neighborhood vibes. If you've been looking for that master suite with huge walk in closet & full bath, you've finally found it! The home also features spacious bedrooms, open main floor layout, fully renovated kitchen, first floor laundry, wonderful deck with above ground pool, & an abundance of storage space. The finished basement offers even more space for entertaining, as well as a great spot for a workout area. With all of the space, the peaceful neighborhood, & the renovations throughout, this is truly the perfect family home
Unit Size
2,480 Ft²
Days on Market
-
Land Size
0.40 acres
Price per sqft
$151
Property Type
House
Property Taxes
$412
HOA Dues
$15
Year Built
1990

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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 #22048366)

Price History

Date / Event Date Event Price
Jan 3, 2023 Sold
Premium
Sold
Nov 17, 2022 Listed by ERA REARDON REALTY, L.L.C. $375,000
Listed by ERA REARDON REALTY, L.L.C.
Mar 9, 2020 No longer available -
No longer available
Feb 13, 2020 Sold
Premium
Sold
Dec 3, 2019 Price Decreased $289,900
↓ $10K (3.3%)
Price Decreased
Show More

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 2
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 968
  • Garage Type: 7
  • Garage Square Area: 491
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,293
  • Lot Size Depth Feet: 1,820
  • Lot Size Frontage Feet: 950
  • Total Building Area: 1,980
  • Building Area: 1,980
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,980
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FORD
  • Land Acres: 0000000397
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: T2N, R8E, SEC 30 WEXFORD MEWS NO 1 LOT 15, ALSO 1/2 OF VAC WALK ADJ TO SAME 4-11-90 FR 126-004 10-2-97 CORR

Neighborhood

  • School District Name: Walled Lake Consolidated Schools
  • School Tax School District: 63290
  • Census Tract: 133001

Zoning

  • Zoning: R-3

Geography

  • District: 96
  • Parcel: 96-17-30-179-001
  • Lot: 15
  • Meridian: SEC 30 TWN 02N RNG 08E
  • Municipality: WIXOM CITY
  • Latitude: 42.5487
  • Longitude: -83.5478

    Address

  • Full Address: 1850 Grasmere Ln
  • Address - House Number: 1850
  • Address - Street Name: Grasmere
  • Address - Suffix Type: Ln
  • State: MI
  • City Name: Wixom
  • Carrier Code: R008
  • 4-Digit Zip Code: 1170
  • Zip Code: 48393

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $498,101

    Appraisal Valuation

  • Standard Deviation: 0.1885
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 75
  • Final Value: 387,115
  • High Value: 460,116
  • Low Value: 314,115

    Market Valuation

  • Market Total Value: $329,120

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $164,560

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 28, 2022
  • Current Sale Recording Date: Jan 03, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 276
  • Previous Sale Recording Date: Feb 13, 2020
  • Previous Sale Contract Date: Jan 30, 2020
  • Previous Sale Amount: $280,000
  • 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 Wixom

Stats & Trends

Median Asking:

$399,900

Sale Price/ft²

$196

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2102 ft²

Average Home Age

53.5 years

Currently For Sale

2 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: Logan Burns, ERA REARDON REALTY, L.L.C.
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 22048366
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 1850 Grasmere Lane built and last sold?
The property at 1850 Grasmere Lane was built in 1990 and last sold on Dec 28, 2022 for $375,000.
How much is this home worth?
The estimated value of the home located at 1850 Grasmere Lane is $0.
What are some comparable homes to 1850 Grasmere Lane?
There are currently no comparable homes to 1850 Grasmere Lane.
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