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Lenawee 49265
38 Evans Trail
$620,000
● House - Off Market

38 Evans Trail

Tipton, MI 49287
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,464 Ft²
$3,385
Est. Monthly
7.01%
Cap Rate

About This Property

Amazing lakefront home on highly desirable Evans Lake! 83 ft. of main Lake frontage overlooking both Islands on a great flat lot with no road to cross, this is one of eight properties that have this feature! Wonderful ranch home with finished walkout basement, expansive three-season room lakeside plus patio. Great floor plan. Wonderful Lakeview!

This is a great year-round or getaway home! Includes four bedrooms, three bathrooms attached two car garage. Ready to move into!
Unit Size
2,464 Ft²
Days on Market
36 days
Land Size
0.34 acres
Price per sqft
$252
Property Type
House
Property Taxes
$341
HOA Dues
-
Year Built
1985

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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: 2 years ago (MichRIC MLS #25030317)

Price History

Date / Event Date Event Price
Jul 29, 2025 Sold
Premium
Sold
Jul 8, 2025 In contract -
In contract
Jun 23, 2025 Listed by RE/MAX IRISH HILLS REALTY $620,000
Listed by RE/MAX IRISH HILLS REALTY

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,232
  • Garage Type: 7
  • Garage Square Area: 560
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,810
  • Lot Size Frontage Feet: 830
  • Total Building Area: 1,232
  • Building Area: 1,232
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,232
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: KETTEMANS COVE EVANS LAKE
  • Land Acres: 0000000340
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 7 KETTEMAN'S COVE EVANS LAKE.

Neighborhood

  • School District Name: Clinton Community Schools
  • School Tax School District: SCH: 46060
  • Census Tract: 060301

Geography

  • District: FR0
  • Parcel: FR0-440-0070-00
  • Lot: 7
  • Municipality: FRANKLIN TWP
  • Latitude: 42.0591
  • Longitude: -84.1219

    Address

  • Full Address: 38 Evans Trl
  • Address - House Number: 38
  • Address - Street Name: Evans
  • Address - Suffix Type: Trl
  • State: MI
  • City Name: Tipton
  • Carrier Code: R081
  • 4-Digit Zip Code: 9728
  • Zip Code: 49287

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $346,046
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.171
  • Valuation Date: Nov 22, 2023
  • Confidence Score: 78
  • Final Value: 501,778
  • High Value: 587,588
  • Low Value: 415,968

    Market Valuation

  • Market Total Value: $365,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $182,900

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 15, 1989
  • Current Sale Recording Date: Mar 15, 1989
  • Current Sale Document Type: 27
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 Lenawee

Stats & Trends

Median Asking:

$260,000

Sale Price/ft²

$160

Below Asking

0.02%

Average Days on Market

55

Average Home Size

1989 ft²

Average Home Age

67.8 years

Currently For Sale

86 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: Mark Riggle, RE/MAX IRISH HILLS REALTY
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25030317
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 38 Evans Trail built and last sold?
The property at 38 Evans Trail was built in 1985 and last sold on Mar 15, 1989 for $0.
How much is this home worth?
The estimated value of the home located at 38 Evans Trail is $0.
What are some comparable homes to 38 Evans Trail?
There are currently no comparable homes to 38 Evans Trail.
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