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Washtenaw 48103
2988 LONE OAK DR
$185,400
● House - Off Market

2988 LONE OAK DR

Ann Arbor, MI 48103
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,704 Ft²
$319,314
RealtyHop Estimate
77.50%
Since Jan 1, 2016
National-US
Primary Model

About This Property

Great opportunity within the Lone Oak Subdivision in Ann Arbor! This 3 Bedroom, 2.5 Bath Colonial Home is situated on a 1+ Acre wooded lot in Lodi Township and offers many possibilities to make it your own! Recent improvements include a new roof with transferable warranty, new exterior paint, a new front door, a new door bell, new exterior light fixtures. Home needs updating, has a lot to offer! Newer furnace, updated electrical box and owned Kinetico water softener. Spacious eat-in kitchen and formal dining room, the large family room with fire place leads out onto a deck. You'll appreciate the large closets, the full basement and the spacious 2-car attached garage for all of your storage needs. See the potential and make this home yours!
Unit Size
1,704 Ft²
Days on Market
-
Land Size
1.04 acres
Price per sqft
$106
Property Type
House
Property Taxes
$237
HOA Dues
$11
Year Built
1978

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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 #21089035)

Price History

Date / Event Date Event Price
Dec 9, 2015 Sold
Premium
Sold
Oct 30, 2015 Listed by RE/MAX MID-MICHIGAN R.E. $179,900
Listed by RE/MAX MID-MICHIGAN R.E.

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 720
  • Garage Type: 7
  • Garage Square Area: 528
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 8
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 44,431
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,704
  • Building Area: 1,704
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 8
  • Heated Square Feet: 1,704
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LONE OAK SUBDIVISION
  • Land Acres: 0000001020
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: OLD SID - M 13-085-058-00 LO 42-58 LOT 58 LONE OAK SUBDIVISION

Neighborhood

  • School District Name: Saline Area Schools
  • School Tax School District: SALINE
  • Census Tract: 426002

Zoning

  • Zoning: R-1

Geography

  • District: M
  • Parcel: M -13-05-335-024
  • Block: 335
  • Lot: 58
  • Meridian: SEC 05 TWN 3S RNG 5E
  • Municipality: LODI TWP
  • Latitude: 42.241
  • Longitude: -83.8731

    Address

  • Full Address: 2988 Lone Oak Dr
  • Address - House Number: 2988
  • Address - Street Name: Lone Oak
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Ann Arbor
  • Carrier Code: R004
  • 4-Digit Zip Code: 9266
  • Zip Code: 48103

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $339,286
  • Tax Rate Code Area: M -13

    Appraisal Valuation

  • Standard Deviation: 0.1769
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 77
  • Final Value: 385,508
  • High Value: 453,706
  • Low Value: 317,309

    Market Valuation

  • Market Total Value: $289,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $144,500

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 08, 2015
  • Current Sale Recording Date: Dec 09, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6294343
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 Washtenaw

Stats & Trends

Median Asking:

$449,900

Sale Price/ft²

$230

Below Asking

0.02%

Average Days on Market

48

Average Home Size

2064 ft²

Average Home Age

57.8 years

Currently For Sale

671 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: Randy Hoyt, RE/MAX MID-MICHIGAN R.E.
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21089035
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 2988 Lone Oak Drive built and last sold?
The property at 2988 Lone Oak Drive was built in 1978 and last sold on Dec 8, 2015 for $185,400.
How much is this home worth?
The estimated value of the home located at 2988 Lone Oak Drive is $0.
What are some comparable homes to 2988 Lone Oak Drive?
There are currently no comparable homes to 2988 Lone Oak Drive.
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