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Lenawee 49230
40 Deep Lake Road
$202,000
● House - Off Market

40 Deep Lake Road

Brooklyn, MI 49230
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,781 Ft²
$1,261
Est. Monthly
8.24%
Cap Rate

About This Property

This home is perfect for someone looking to build equity, have space, and get out on the lake! The home is in need of updating and priced accordingly. Check out the value here. OVER 1.5 ACRES of space including a great pole barn and plenty of room for hobies. A beautiful L-shaped flat lot with charm and character. A detached 2 car garage. Cute partially fenced yard to the front of the home. Deeded dock access to Deep Lake. This is an ALL SPORTS hidden gem of the Irish Hills, its public though many don't know it is here so you have the LARGE MOUTH bass to yourself. Bass fishing so good here a local college that recently won a national championship has trained here. Newer furnace. Beautiful wood stove and the charm of an older home awaits. Are you ready for the Lake!?
Unit Size
1,781 Ft²
Days on Market
-
Land Size
1.54 acres
Price per sqft
$126
Property Type
House
Property Taxes
$156
HOA Dues
-
Year Built
1960

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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 #24003470)

Price History

Date / Event Date Event Price
Feb 15, 2024 Sold
Premium
Sold
Jan 16, 2024 Listed by Five Star Real Estate $225,000
Listed by Five Star Real Estate

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Total Rooms: 6
  • Bedroom Count: 2
  • 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: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 600
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 66,647
  • Lot Size Frontage Feet: 130
  • Total Building Area: 1,540
  • Building Area: 1,540
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 6
  • Heating: 4
  • Heated Square Feet: 1,540
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: POSPECT VIEW
  • Land Acres: 0000001530
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: THAT PART OF LOT 4 COMM AT SW COR OF SD LOT RUNN TH N ALG E SIDE OF A PRIVATE DRIVE 55 FT TH E 150 FT TH S 55 FT TH W 150 FT

Neighborhood

  • School District Name: Onsted Community Schools
  • School Tax School District: SCH: 46110
  • Census Tract: 060302

Zoning

  • Zoning: RE

Geography

  • District: CA0
  • Parcel: CA0-655-0044-00
  • Lot: 4
  • Municipality: CAMBRIDGE TWP
  • Latitude: 42.0329
  • Longitude: -84.2306

    Address

  • Full Address: 40 Deep Lk
  • Address - House Number: 40
  • Address - Street Name: Deep
  • Address - Suffix Type: Lk
  • State: MI
  • City Name: Brooklyn
  • Carrier Code: R004
  • 4-Digit Zip Code: 9000
  • Zip Code: 49230

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $187,182

    Appraisal Valuation

  • Standard Deviation: 0.1929
  • Valuation Date: Jul 14, 2022
  • Confidence Score: 74
  • Final Value: 248,181
  • High Value: 296,071
  • Low Value: 200,291

    Market Valuation

  • Market Total Value: $174,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $87,300

    Exemptions

  • Homeowner Exemption: Yes
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.

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Currently no similar homes around

Nearby Rentals

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MichRIC

Listed by: TIMOTHY CREECH, Five Star Real Estate
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24003470
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 40 Deep Lake Road built and last sold?
The property at 40 Deep Lake Road was built in 1960 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 40 Deep Lake Road is $232,087.
What are some comparable homes to 40 Deep Lake Road?
There are currently no comparable homes to 40 Deep Lake Road.
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