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Tecumseh 49286
316 W Patterson Street
$185,000
● House - Off Market

316 W Patterson Street

Tecumseh, MI 49286
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,146 Ft²
$1,055
Est. Monthly
11.53%
Cap Rate

About This Property

Multiple offers, highest and best due Sunday at 5pm (6/30).  Discover this delightful 3-bedroom home in the heart of Tecumseh, offering a perfect blend of comfort and functionality. The single full bathroom is complemented by a versatile den/office area, ideal for working from home or creating a cozy reading nook. Step outside to enjoy the tranquil three-season room off the back, providing a serene space to relax and unwind. The oversized two-car garage offers ample storage and workspace, catering to all your needs. This home is ready for your personal touch, providing a wonderful opportunity to join the welcoming Tecumseh community. Schedule your tour today and envision the endless possibilities this charming home has to offer!
Unit Size
1,146 Ft²
Days on Market
-
Land Size
0.48 acres
Price per sqft
$157
Property Type
House
Property Taxes
$171
HOA Dues
-
Year Built
1946

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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 #24033045)

Price History

Date / Event Date Event Price
Jul 19, 2024 Sold
Premium
Sold
Jul 1, 2024 In contract -
In contract
Jun 27, 2024 Listed by Cornerstone Real Estate $179,900
Listed by Cornerstone Real Estate
May 3, 2011 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1946
  • Effective Year Built: 1946
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 8
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 744
  • Garage Type: 7
  • Garage Square Area: 520
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,909
  • Lot Size Depth Feet: 3,600
  • Lot Size Frontage Feet: 580
  • Total Building Area: 1,116
  • Building Area: 1,116
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,116
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLAT NO 2
  • Land Acres: 0000000480
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LD COMM 348 FT N 89 45'W FROM SW COR OF LOT 67 ASSESS PLAT NO 2 RUNN TH N 0 10'E 360.7 FT TO S LI OF PATTERSON ST TH N 89 45'W ALG SD ST LINE 58 FT TH S 0 10'W 360.7 FT TH S 89 45'E 58 FT TO POB SEC 33 T5S R4E CITY OF TECUMSEH

Neighborhood

  • School District Name: Tecumseh Public Schools
  • School Tax School District: SCH: 46140
  • Census Tract: 060800

Zoning

  • Zoning: RA-2

Geography

  • District: XT0
  • Parcel: XT0-133-4310-00
  • Lot: 67
  • Meridian: SEC 33 TWN 05S RNG 04E
  • Municipality: TECUMSEH CITY
  • Latitude: 41.9982
  • Longitude: -83.9493

    Address

  • Full Address: 316 W Patterson St
  • Address - House Number: 316
  • Street Direction: W
  • Address - Street Name: Patterson
  • Address - Suffix Type: St
  • State: MI
  • City Name: Tecumseh
  • Carrier Code: C006
  • 4-Digit Zip Code: 1934
  • Zip Code: 49286

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $197,362

    Appraisal Valuation

  • Standard Deviation: 0.2506
  • Valuation Date: Dec 07, 2022
  • Confidence Score: 64
  • Final Value: 184,961
  • High Value: 231,330
  • Low Value: 138,591

    Market Valuation

  • Market Total Value: $133,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $66,900

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 18, 2011
  • Current Sale Recording Date: May 03, 2011
  • Current Sale Price:
    Premium
  • Current 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 Tecumseh

Stats & Trends

Median Asking:

$237,438

Sale Price/ft²

$156

Below Asking

0.02%

Average Days on Market

49

Average Home Size

1921 ft²

Average Home Age

66.9 years

Currently For Sale

11 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: Donald Wurtzel, Cornerstone Real Estate
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24033045
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 316 West Patterson Street built and last sold?
The property at 316 West Patterson Street was built in 1946 and last sold on Apr 18, 2011 for $55,000.
How much is this home worth?
The estimated value of the home located at 316 West Patterson Street is $181,831.
What are some comparable homes to 316 West Patterson Street?
There are currently no comparable homes to 316 West Patterson Street.
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