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Parma 49269
235 WESTLAWN
$102,000
● House - Off Market

235 WESTLAWN

Parma, MI 49269
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,800 Ft²
$185,155
RealtyHop Estimate
68.48%
Since Dec 1, 2016
National-US
Primary Model

About This Property

Within viewing of Parma Elementary School, beautiful corner lot with a few mature trees for wonderful, cooling summer shade. New furnace @ central air in 2015, newer roof, tile in laundry and master bath. Master ensuite has two large closets, double sinks, jetted tub and skylight. Full compliment of some newer appliances. Home features European handles throughout, a wood burning fireplace, formal dining room, breakfast nook in kitchen, tons of room. Very clean and move in ready. Handicapped accessible.
Unit Size
1,800 Ft²
Days on Market
-
Land Size
0.43 acres
Price per sqft
$61
Property Type
House
Property Taxes
$173
HOA Dues
-
Year Built
2004

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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: 3 years ago (MichRIC MLS #21058555)

Price History

Date / Event Date Event Price
Aug 9, 2017 Sold
Premium
Sold
Apr 29, 2017 Listed by EXIT REALTY 1ST LLC $109,900
Listed by EXIT REALTY 1ST LLC
Nov 8, 2016 Sold
Premium
Sold
Aug 16, 2016 Listed by EXIT REALTY 1ST LLC $109,900
Listed by EXIT REALTY 1ST LLC

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 526
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,504
  • Lot Size Frontage Feet: 960
  • Total Building Area: 1,440
  • Building Area: 1,440
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,440
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MEADOWOOD SUBDIVISION
  • Land Acres: 0000000310
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 68 MEADOWOOD SUBDIVISION VILLAGE OF PARMA

Neighborhood

  • School District Name: Western School District
  • School Tax School District: 38010
  • Census Tract: 006500

Zoning

  • Zoning: VILLAGE

Geography

  • Assessors Map Reference: MAPS
  • District: 14
  • Parcel: 007-07-31-162-065-00
  • Lot: 68
  • Municipality: PARMA VILLAGE
  • Latitude: 42.2545
  • Longitude: -84.594

    Address

  • Full Address: 235 Westlawn
  • Legal Unit: 68
  • Address - House Number: 235
  • Address - Street Name: Westlawn
  • State: MI
  • City Name: Parma
  • Carrier Code: R061
  • 4-Digit Zip Code: 9527
  • Zip Code: 49269

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $203,455
  • Tax Rate Code Area: 48

    Appraisal Valuation

  • Standard Deviation: 0.2404
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 66
  • Final Value: 199,059
  • High Value: 246,920
  • Low Value: 151,199

    Market Valuation

  • Market Total Value: $151,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $75,700

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 04, 2017
  • Current Sale Recording Date: Aug 09, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2775820
  • Previous Sale Recording Date: Nov 08, 2016
  • Previous Sale Contract Date: Nov 03, 2016
  • Previous Sale Amount: $102,000
  • 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 Parma

Stats & Trends

Median Asking:

$224,900

Sale Price/ft²

$112

Below Asking

0.03%

Average Days on Market

43

Average Home Size

1260 ft²

Average Home Age

-

Currently For Sale

1 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: JOHN T ROCKEY, EXIT REALTY 1ST LLC
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21058555
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 235 Westlawn built and last sold?
The property at 235 Westlawn was built in 2004 and last sold on Aug 4, 2017 for $111,000.
How much is this home worth?
The estimated value of the home located at 235 Westlawn is $121,429.
What are some comparable homes to 235 Westlawn?
There are currently no comparable homes to 235 Westlawn.
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