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Livingston 48843
216 Penobscot Drive
$380,000
● House - Off Market

216 Penobscot Drive

Howell, MI 48843
bedrooms
5 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,125 Ft²
$352,725
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

Stunning 5 bedrooms, 3.1 bathrooms colonial style home located in the popular Home Town Village of Marion subdivision. 3 car attached garage. High Ceilings, nicely designed floor plan. Finished basement that has a full bath and a bedroom. Main level laundry area. Central heating and air. Traditional wood Fireplace in Living room. Large deck out back. 4 bedrooms are located on second floor. Master suite has 2 separate walk-in closets. This is a corner house that provides lots of privacy. Don't miss out on this rare opportunity to own a home in this subdivision. Other amenities includes clubhouse, with gym, pool and parks.
Unit Size
2,125 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$165
Property Type
House
Property Taxes
$322
HOA Dues
$140
Year Built
2005

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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 #22013003)

Price History

Date / Event Date Event Price
May 31, 2022 Sold
Premium
Sold
Apr 15, 2022 Listed by NCDG REALTY & PROPERTY MANAGE $350,000
Listed by NCDG REALTY & PROPERTY MANAGE
Apr 15, 2005 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 29
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,055
  • Garage Type: 7
  • Garage Square Area: 552
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,837
  • Lot Size Depth Feet: 1,085
  • Lot Size Frontage Feet: 539
  • Total Building Area: 2,125
  • Building Area: 2,125
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,125
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HOMETOWN VILLAGE OF MARION
  • Land Acres: 0000000134
  • Standard Land Use Code: 1004
  • County Land Use Code: 407
  • Legal Description 1: SEC 11 T2N R4E HOMETOWN VILLAGE OF MARION PUD UNIT #114

Neighborhood

  • School District Name: Howell Public Schools
  • School Tax School District: HOWELL SD
  • Census Tract: 730102

Zoning

  • Zoning: URBAN

Geography

  • District: 10
  • Section: 11
  • Subdivision Tract Number: 742500
  • Parcel: 10-11-202-114
  • Meridian: SEC 11 TWN 02N RNG 04E
  • Municipality: MARION TWP
  • Latitude: 42.5803
  • Longitude: -83.9392

    Address

  • Full Address: 216 Penobscot Dr
  • Legal Unit: 114
  • Address - House Number: 216
  • Address - Street Name: Penobscot
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Howell
  • Carrier Code: R030
  • 4-Digit Zip Code: 6857
  • Zip Code: 48843

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $271,799

    Appraisal Valuation

  • Standard Deviation: 0.1714
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 78
  • Final Value: 403,544
  • High Value: 472,715
  • Low Value: 334,372

    Market Valuation

  • Market Total Value: $355,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $177,500

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 23, 2022
  • Current Sale Recording Date: May 31, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 15533
  • Previous Sale Recording Date: Apr 15, 2005
  • Previous Sale Contract Date: Feb 28, 2005
  • Previous Sale Amount: $55,000
  • 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 Livingston

Stats & Trends

Median Asking:

$445,000

Sale Price/ft²

$211

Below Asking

0.02%

Average Days on Market

45

Average Home Size

1987 ft²

Average Home Age

38.3 years

Currently For Sale

60 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: Pouria Namazi, NCDG REALTY & PROPERTY MANAGE
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 22013003
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 216 Penobscot Drive built and last sold?
The property at 216 Penobscot Drive was built in 2005 and last sold on May 23, 2022 for $380,000.
How much is this home worth?
The estimated value of the home located at 216 Penobscot Drive is $356,310.
What are some comparable homes to 216 Penobscot Drive?
There are currently no comparable homes to 216 Penobscot Drive.
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