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Lenawee 49221
2285 Fairview Avenue
$177,400
● House - Off Market

2285 Fairview Avenue

Adrian, MI 49221
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,145 Ft²
$1,153
Est. Monthly
11.55%
Cap Rate

About This Property

Charming brick home that's move-in ready!! Located in Madison Township's sought after airport section, this home features two generously sized bedrooms, a large inviting living room, and dining room.  You will love the original pinewood floors featured in the majority of the main level.  A convenient breezeway connects the attached garage to home, adding functionality.  Relax on those summer morning and evenings in the sunroom perfectly positioned to overlook a large, private backyard.  The full basement offers endless possibilities for storage, a workshop, or future living space. Don't miss this opportunity to own a well-maintained home with so much to offer! Furnace and water heater new in 2020.  Seller is a licensed Realtor.  Current taxes are non-homestead.
Unit Size
1,145 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$157
Property Type
House
Property Taxes
$269
HOA Dues
-
Year Built
1948

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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 #25014955)

Price History

Date / Event Date Event Price
Apr 18, 2025 Sold
Premium
Sold
Apr 14, 2025 In contract -
In contract
Apr 12, 2025 Listed by XSell Realty $179,900
Listed by XSell Realty
Oct 6, 2021 No longer available -
No longer available
Sep 21, 2020 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,145
  • Garage Type: 7
  • Garage Square Area: 372
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,939
  • Total Building Area: 1,145
  • Building Area: 1,145
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 6
  • Heating: 4
  • Heated Square Feet: 1,145
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MEADOW HEIGHTS
  • Land Acres: 0000000320
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 42 MEADOW HEIGHTS

Neighborhood

  • School District Name: Adrian City School District
  • School Tax School District: SCH: 46010
  • Census Tract: 061702

Geography

  • District: MD0
  • Parcel: MD0-730-0420-00
  • Lot: 42
  • Municipality: MADISON TWP
  • Latitude: 41.8821
  • Longitude: -84.0618

    Address

  • Full Address: 2285 Fairview Dr
  • Address - House Number: 2285
  • Address - Street Name: Fairview
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Adrian
  • Carrier Code: C018
  • 4-Digit Zip Code: 3614
  • Zip Code: 49221

Valuation

    Tax

  • Tax Year: 2021
  • Tax Amount: $289,889

    Appraisal Valuation

  • Standard Deviation: 0.2186
  • Valuation Date: Jul 05, 2023
  • Confidence Score: 70
  • Final Value: 160,182
  • High Value: 195,201
  • Low Value: 125,162

    Market Valuation

  • Market Total Value: $120,400

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $60,200

    Sales

  • Current Sale Contract Date: Sep 04, 2020
  • Current Sale Recording Date: Sep 21, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Sep 21, 2020
  • Previous Sale Contract Date: Sep 04, 2020
  • Previous Sale Amount: $70,000
  • 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 Lenawee

Stats & Trends

Median Asking:

$260,000

Sale Price/ft²

$160

Below Asking

0.02%

Average Days on Market

55

Average Home Size

1989 ft²

Average Home Age

67.8 years

Currently For Sale

86 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: Sara Tripp, XSell Realty
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25014955
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 2285 Fairview Avenue built and last sold?
The property at 2285 Fairview Avenue was built in 1948 and last sold on Sep 4, 2020 for $104,500.
How much is this home worth?
The estimated value of the home located at 2285 Fairview Avenue is $171,188.
What are some comparable homes to 2285 Fairview Avenue?
There are currently no comparable homes to 2285 Fairview Avenue.
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