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Wayne 48239 Western View
25307 Ivanhoe
$160,000
● House - Off Market

25307 Ivanhoe

Redford, MI 48239
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,015 Ft²
$1,142
Est. Monthly
9.48%
Cap Rate
Unit Size
1,015 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$167
Property Type
House
Property Taxes
$307
HOA Dues
-
Year Built
1941

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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 #24035232)

Price History

Date / Event Date Event Price
Aug 23, 2024 Sold
Premium
Sold
Jul 28, 2024 In contract -
In contract
Jul 11, 2024 Listed by Keller Williams Ann Arbor $170,000
Listed by Keller Williams Ann Arbor
Sep 9, 2020 Sold
Premium
Sold
Jan 16, 2009 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1941
  • Effective Year Built: 1980
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 125
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 812
  • Garage Type: 7
  • Garage Square Area: 240
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 788
  • Total Building Area: 1,015
  • Building Area: 1,015
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,015
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BRIGHTMOOR LENNANE SUB
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: 20E416 20E417 LOTS 416 AND 417 B. E. TAYLORS BRIGHTMOOR LENNANE SUB T1S R10E L54 P15 WCR

Neighborhood

  • School District Name: Redford Union School District
  • School Tax School District: REDFORD UNION
  • Census Tract: 554800

Geography

  • District: 79
  • Section: 02
  • Parcel: 79 026 02 0416 000
  • Lot: 416-417
  • Municipality: REDFORD TWP
  • Latitude: 42.3965
  • Longitude: -83.2908

    Address

  • Full Address: 25307 Ivanhoe
  • Address - House Number: 25307
  • Address - Street Name: Ivanhoe
  • State: MI
  • City Name: Redford
  • Carrier Code: C015
  • 4-Digit Zip Code: 3412
  • Zip Code: 48239

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $149,155
  • Tax Rate Code Area: 82110

    Appraisal Valuation

  • Standard Deviation: 0.4565
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 8
  • Final Value: 123,631
  • High Value: 180,073
  • Low Value: 67,188

    Market Valuation

  • Market Total Value: $126,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $63,300

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 28, 2020
  • Current Sale Recording Date: Sep 09, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2020261461
  • Previous Sale Recording Date: Jan 16, 2009
  • Previous Sale Contract Date: Nov 28, 2008
  • Previous Sale Amount: $27,900
  • Previous Sale Document Type: 51
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 Redford

Stats & Trends

Median Asking:

$195,000

Sale Price/ft²

$151

Below Asking

0.02%

Average Days on Market

58

Average Home Size

1295 ft²

Average Home Age

78.5 years

Currently For Sale

14 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: Lee Marshall, Keller Williams Ann Arbor
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24035232
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 25307 Ivanhoe built and last sold?
The property at 25307 Ivanhoe was built in 1941 and last sold on Aug 28, 2020 for $115,000.
How much is this home worth?
The estimated value of the home located at 25307 Ivanhoe is $0.
What are some comparable homes to 25307 Ivanhoe?
There are currently no comparable homes to 25307 Ivanhoe.
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