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Saline 48176
291 Tower Drive
$160,000
● House - Off Market

291 Tower Drive

Saline, MI 48176
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,284 Ft²
$400,142
RealtyHop Estimate
128.65%
Since Mar 1, 2012
National-US
Primary Model

About This Property

What A Wonderful Bargain In Established Sub Close To Schools, Parks And Downtown. Over 2800 Sf Above Grade Priced At Just Over $62.00per Square Foot. New Mechanicals Which Include 2 Furnaces And Air Conditioning. New 4th Bedroom With Walk In Closet And Upgraded Bath, Garden Tub And Separate Tiled Shower. Over Sized Gathering Room With Gleaming Hardwood Flooring. 3 Bedrooms Freshly Painted To Neutralize Color. 1 Yr Home Warranty Included.
Unit Size
2,284 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$77
Property Type
House
Property Taxes
$357
HOA Dues
-
Year Built
1966

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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 #23095860)

Price History

Date / Event Date Event Price
Nov 18, 2021 Sold
Premium
Sold
Oct 7, 2021 Listed by The Charles Reinhart Company $375,000
Listed by The Charles Reinhart Company
Apr 25, 2012 Sold
Premium
Sold
Feb 20, 2012 Sold
Premium
Sold
Jun 12, 2011 Listed by The Charles Reinhart Company $175,000
Listed by The Charles Reinhart Company

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 688
  • Garage Type: 7
  • Garage Square Area: 418
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,453
  • Lot Size Depth Feet: 1,180
  • Lot Size Frontage Feet: 800
  • Total Building Area: 2,287
  • Building Area: 2,287
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,287
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROLLING MEADOWS COMMUNITY #4
  • Land Acres: 0000000217
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: OLD SID - 18 18-145-061-00 S C 26-61 LOT 152 ROLLING MEADOWS COMMUNITY NO. 4.

Neighborhood

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

Zoning

  • Zoning: R-1C

Geography

  • District: 18
  • Parcel: 18-13-36-178-012
  • Block: 178
  • Lot: 152
  • Meridian: SEC 36 TWN 3S RNG 5E
  • Municipality: SALINE CITY
  • Latitude: 42.1772
  • Longitude: -83.7794

    Address

  • Full Address: 291 Tower Dr
  • Legal Unit: Y
  • Address - House Number: 291
  • Address - Street Name: Tower
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Saline
  • Carrier Code: C003
  • 4-Digit Zip Code: 1023
  • Zip Code: 48176

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $773,611
  • Tax Rate Code Area: 18

    Appraisal Valuation

  • Standard Deviation: 0.1757
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 77
  • Final Value: 439,033
  • High Value: 516,207
  • Low Value: 361,859

    Market Valuation

  • Market Total Value: $343,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $171,500

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 12, 2021
  • Current Sale Recording Date: Nov 18, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6623732
  • Previous Sale Recording Date: Apr 25, 2012
  • Previous Sale Contract Date: Feb 17, 2012
  • Previous Sale Amount: $160,000
  • 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 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

Unit for rent at 826 Kuss Drive, Saline, MI, 48176

$3,800 /mo

  • 4 Beds
  • 2 Baths
  • 2,453 ft²
826 Kuss Drive, Saline, MI, 48176 Listing by Kirk Glassel

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Marilyn Y McCreary, The Charles Reinhart Company
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 23095860
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 291 Tower Drive built and last sold?
The property at 291 Tower Drive was built in 1966 and last sold on Nov 12, 2021 for $369,000.
How much is this home worth?
The estimated value of the home located at 291 Tower Drive is $0.
What are some comparable homes to 291 Tower Drive?
There are currently no comparable homes to 291 Tower Drive.
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