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Oak Park 48237 Oak Park
21230 Kipling Street
$165,000
● House - Off Market

21230 Kipling Street

Oak Park, MI 48237
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,060 Ft²
$1,210
Est. Monthly
6.91%
Cap Rate

About This Property

Welcome Home:  Beautiful home features hardwood floors in livingroom w/fireplace, 3 bedrooms, nicely updated full bath, updated kitchen, nice dining room and a 1st floor laundry.  Spacious, fenced in backyard, great for entertaining.  All & Any City Certs to be paid at buyers expense prior to closing, if any.  Per seller EMD to be held w/seller's title company.
Unit Size
1,060 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$156
Property Type
House
Property Taxes
$400
HOA Dues
-
Year Built
1950

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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 #24021230)

Price History

Date / Event Date Event Price
Sep 23, 2024 Sold
Premium
Sold
Aug 24, 2024 In contract -
In contract
Aug 4, 2024 Relisted $164,900
Relisted
Jul 12, 2024 In contract -
In contract
Jun 28, 2024 Price Decreased $164,900
↓ $15K (8.3%)
Price Decreased
Show More

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 1,060
  • Garage Type: 7
  • Garage Square Area: 308
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,716
  • Lot Size Depth Feet: 1,340
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,060
  • Building Area: 1,060
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,060
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HIGHWAY ESTATES SUBLOT
  • Land Acres: 0000000246
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: T1N, R11E, SEC 31 SCHAEFER HIGHWAY ESTATES SUBLOT 34

Neighborhood

  • School District Name: Oak Park City School District
  • School Tax School District: 63250
  • Census Tract: 171500

Zoning

  • Zoning: R-1

Geography

  • District: 52
  • Section: 31
  • Parcel: 52-25-31-477-003
  • Lot: 34
  • Meridian: SEC 31 TWN 01N RNG 11E
  • Municipality: OAK PARK CITY
  • Latitude: 42.4493
  • Longitude: -83.1848

    Address

  • Full Address: 21230 Kipling St
  • Address - House Number: 21230
  • Address - Street Name: Kipling
  • Address - Suffix Type: St
  • State: MI
  • City Name: Oak Park
  • Carrier Code: C029
  • 4-Digit Zip Code: 3816
  • Zip Code: 48237

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $461,710
  • Initial Tax Delinquent Year: 2020

    Appraisal Valuation

  • Standard Deviation: 0.18
  • Valuation Date: Nov 22, 2023
  • Confidence Score: 76
  • Final Value: 183,819
  • High Value: 216,917
  • Low Value: 150,721

    Market Valuation

  • Market Total Value: $150,800
  • Market Land Value: $28,600
  • Market Improvement Value: $122,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $75,400
  • Assessed Land Value: $14,300
  • Assessed Improvements Value: $61,100

    Sales

  • Current Sale Contract Date: Aug 22, 2023
  • Current Sale Recording Date: Aug 30, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 64
  • Current Sale Input Document Number: 94846
  • Previous Sale Recording Date: Sep 14, 2020
  • Previous Sale Contract Date: Aug 18, 2020
  • Previous Sale Amount: $98,122
  • Previous Sale Document Type: 27
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 Oak Park

Stats & Trends

Median Asking:

$252,250

Sale Price/ft²

$161

Below Asking

0.03%

Average Days on Market

58

Average Home Size

1894 ft²

Average Home Age

76.5 years

Currently For Sale

10 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

Unit for rent at 20024 Meyers Road, Detroit, MI, 48235

$1,350 /mo

  • 2 Beds
  • 1 Bath
  • 844 ft²
20024 Meyers Road, Detroit, MI, 48235 Listing by Robert Bulmer
Unit for rent at 19326 Asbury Park, Detroit, MI, 48235

$1,450 /mo

  • 3 Beds
  • 1 Bath
  • 909 ft²
19326 Asbury Park, Detroit, MI, 48235 Listing by Rochelle Kirton

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Francine Willingham, Willingham Real Estate
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24021230
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 21230 Kipling Street built and last sold?
The property at 21230 Kipling Street was built in 1950 and last sold on Aug 22, 2023 for $120,000.
How much is this home worth?
The estimated value of the home located at 21230 Kipling Street is $0.
What are some comparable homes to 21230 Kipling Street?
There are currently no comparable homes to 21230 Kipling Street.
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