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Wayland 49348
220 Cedar Street
Photo of 220 Cedar Street
Sold on Jul 6, 2012

13

Map

Photo of 220 Cedar Street
Photo of 220 Cedar Street
$79,000
● House - Off Market

220 Cedar Street

Wayland, MI 49348
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,656 Ft²
$182,267
RealtyHop Estimate
114.68%
Since Aug 1, 2012
National-US
Primary Model

About This Property

Info#3234 Ranch style home featuring 3 bedrooms, 2 baths, large kitchen and dining area, covered back porch, a full walkout basement, a partially fenced backyard and a 2 stall attached garage. Buyer to verify taxes and homestead status, assume any and all assessments as figures/status may change from when the listing is printed. THIS PROPERTY IS ELIGIBLE UNDER FIRST LOOK INITIATIVE THROUGH March 23, 2012. Offers from owner occupants as primary residence, non-profits, NSP grantees and community development organizations are eligible for the Freddie Mac First Look Initiative and will be considered, other offers must wait till after initiative expires. Attached affidavit must be signed by buyer and selling agen
Unit Size
1,656 Ft²
Days on Market
119 days
Land Size
0.53 acres
Price per sqft
$51
Property Type
House
Property Taxes
$187
HOA Dues
-
Year Built
1957

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Cap Rate Calculator

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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 months ago (MichRIC MLS #12012711)

Price History

Date / Event Date Event Price
Jul 11, 2016 Sold
Premium
Sold
May 20, 2016 Listed by Coldwell Banker Woodland Schmidt $149,000
Listed by Coldwell Banker Woodland Schmidt
Jul 18, 2012 Sold
Premium
Sold
Mar 9, 2012 Listed by Coldwell Banker Woodland Schmidt $84,900
Listed by Coldwell Banker Woodland Schmidt

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,776
  • Garage Type: 7
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,087
  • Lot Size Depth Feet: 2,310
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,656
  • Building Area: 1,656
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,656
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BANAS ADD
  • Land Acres: 0000000530
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 1 BANAS ADDITION TO THE VILLAGE (NOW CITY) OF WAYLAND. SEC 6 T3N R11W.

Neighborhood

  • School District Name: Wayland Union Schools
  • School Tax School District: WAYLAND
  • Census Tract: 030500

Zoning

  • Zoning: R-2

Geography

  • District: 56
  • Parcel: 56-100-001-00
  • Lot: 1
  • Meridian: SEC 06 TWN 03N RNG 11W
  • Municipality: WAYLAND CITY
  • Latitude: 42.6702
  • Longitude: -85.6454

    Address

  • Full Address: 220 Cedar St
  • Address - House Number: 220
  • Address - Street Name: Cedar
  • Address - Suffix Type: St
  • State: MI
  • City Name: Wayland
  • Carrier Code: C002
  • 4-Digit Zip Code: 1302
  • Zip Code: 49348

Valuation

    Tax

  • Tax Year: 2020
  • Tax Amount: $306,851

    Appraisal Valuation

  • Standard Deviation: 0.1061
  • Valuation Date: Jun 22, 2022
  • Confidence Score: 89
  • Final Value: 85,077
  • High Value: 94,112
  • Low Value: 76,041

    Market Valuation

  • Market Total Value: $179,200
  • Market Land Value: $22,000
  • Market Improvement Value: $157,200

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $89,600
  • Assessed Land Value: $11,000
  • Assessed Improvements Value: $78,600

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 28, 2016
  • Current Sale Recording Date: Jul 11, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Jul 18, 2012
  • Previous Sale Contract Date: Jul 06, 2012
  • Previous Sale Amount: $79,000
  • 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 Wayland

Stats & Trends

Median Asking:

$304,900

Sale Price/ft²

$191

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1853 ft²

Average Home Age

64 years

Currently For Sale

7 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: James A Wiersma, Coldwell Banker Woodland Schmidt
Last Updated: 2 months ago
Data Source: MichRIC, MLS# 12012711
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 220 Cedar Street built and last sold?
The property at 220 Cedar Street was built in 1957 and last sold on Jun 28, 2016 for $142,000.
How much is this home worth?
The estimated value of the home located at 220 Cedar Street is $0.
What are some comparable homes to 220 Cedar Street?
There are currently no comparable homes to 220 Cedar Street.
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