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Saline 48176
23 Tower Drive
$315,000
● House - Off Market

23 Tower Drive

Saline, MI 48176
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,378 Ft²
$1,947
Est. Monthly
9.80%
Cap Rate

About This Property

Discover this enchanting bi-level home in the Rolling Meadows neighborhood of Saline! Featuring a brand-new Ikea kitchen with high-end appliances, this charming residence offers 3 bedrooms and 2 bathrooms. NEW CARPET. With an abundance of natural light, it's a perfect family home. Enjoy walking distance to downtown Saline, local parks, and schools. The three-season room presents a lovely view of the fenced backyard, which adjoins Liberty School. Don't miss this fantastic opportunity!  OPEN HOUSE SUN 10/13  Noon-2p
Unit Size
1,378 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$236
Property Type
House
Property Taxes
$350
HOA Dues
-
Year Built
1960

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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 #24053161)

Price History

Date / Event Date Event Price
Feb 10, 2025 Sold
Premium
Sold
Jan 10, 2025 In contract -
In contract
Nov 16, 2024 Price Decreased $325,000
↓ $25K (7.1%)
Price Decreased
Oct 9, 2024 Listed by RE/MAX Platinum $350,000
Listed by RE/MAX Platinum

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 41
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • 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: 7,187
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,378
  • Building Area: 1,378
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,378
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROLLING MEADOWS COMMUNITY 1
  • Land Acres: 0000000165
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: OLD SID - 18 18-130-003-00 S C 19-3 LOT 3 ROLLING MEADOWS COMMUNITY NO. 1.

Neighborhood

  • School District Name: Saline Area Schools
  • School Tax School District: SALINE
  • Census Tract: 423400

Zoning

  • Zoning: R-1C

Geography

  • District: 18
  • Parcel: 18-13-36-152-007
  • Block: 152
  • Lot: 3
  • Meridian: SEC 36 TWN 3S RNG 5E
  • Municipality: SALINE CITY
  • Latitude: 42.1787
  • Longitude: -83.7861

    Address

  • Full Address: 23 Tower Dr
  • Legal Unit: Y
  • Address - House Number: 23
  • Address - Street Name: Tower
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Saline
  • Carrier Code: C003
  • 4-Digit Zip Code: 1061
  • Zip Code: 48176

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $387,856
  • Tax Rate Code Area: 18

    Appraisal Valuation

  • Standard Deviation: 0.1646
  • Valuation Date: Nov 22, 2023
  • Confidence Score: 79
  • Final Value: 348,014
  • High Value: 405,325
  • Low Value: 290,702

    Market Valuation

  • Market Total Value: $251,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $125,500

    Exemptions

  • Homeowner Exemption: Yes
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 Saline

Stats & Trends

Median Asking:

$359,900

Sale Price/ft²

$220

Below Asking

0.01%

Average Days on Market

43

Average Home Size

1636 ft²

Average Home Age

41.7 years

Currently For Sale

19 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: Toni Cotter, RE/MAX Platinum
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24053161
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 23 Tower Drive built and last sold?
The property at 23 Tower Drive was built in 1960 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 23 Tower Drive is $0.
What are some comparable homes to 23 Tower Drive?
There are currently no comparable homes to 23 Tower Drive.
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