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Lenawee
4155 Wyman Road
$535,000
● House - Off Market

4155 Wyman Road

Tipton, MI 49287
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,609 Ft²
$2,848
Est. Monthly

About This Property

Brand new AC, Brand New Furnace and dishwasher.  This beautiful ranch home sits on 14 acres of the most beautiful land around, including great pond views.   3 outbuildings!  A large finished shed, a 28x36 heated POLE BARN and a massive 64 x 40 2-story BARN with an additional 1,280 sf of lean-to.  Extremely well constructed & FINISHED barn with 12' concrete floor and concrete foundation.  200 amp service and tons of electrical plugs and lighting throughout.  The barn also has a bathroom and heated floors.  Massive 2nd story storage area, or finish it off for the greatest man cave of all time.  3 bedroom home with 2 bathrooms and plenty of living space throughout.  Great pond views!  Attached garage.  High-end on demand water heater in house and in barn.  Very well maintained throughout.
Unit Size
2,609 Ft²
Days on Market
168 days
Land Size
13.97 acres
Price per sqft
$222
Property Type
House
Property Taxes
-
HOA Dues
-
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: 2 years ago (MichRIC MLS #24035564)

Price History

Date / Event Date Event Price
May 23, 2025 Sold
Premium
Sold
Apr 18, 2025 In contract -
In contract
Dec 6, 2024 Relisted $579,900
Relisted
Dec 5, 2024 In contract -
In contract
Nov 27, 2024 Price Decreased $579,900
↓ $10K (1.7%)
Price Decreased
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • 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: 1,609
  • Garage Type: 7
  • Garage Square Area: 1,743
  • Parking Space Count: 6
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 608,533
  • Total Building Area: 4,222
  • Building Area: 4,222
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 4,222
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000013970
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LD BEG 1331.28 FT S & 574.15 FT N 88^31'W FROM E-1/4 POST SEC 9 RUNN TH N 88^31'W 382.95 FT TH N 1570.74 FT TH N 84^43'E

Neighborhood

  • School District Name: Tecumseh Public Schools
  • School Tax School District: SCH: 46140
  • Census Tract: 060301

Geography

  • District: FR0
  • Section: 9
  • Parcel: FR0-109-4350-00
  • Municipality: FRANKLIN TWP
  • Latitude: 42.0497
  • Longitude: -84.068

    Address

  • Full Address: 4155 Wyman Rd
  • Address - House Number: 4155
  • Address - Street Name: Wyman
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Tipton
  • Carrier Code: R081
  • 4-Digit Zip Code: 9751
  • Zip Code: 49287

Valuation

    Tax

  • Tax Year: 2021
  • Tax Amount: $0

    Appraisal Valuation

  • Standard Deviation: 0.1734
  • Valuation Date: Jul 14, 2022
  • Confidence Score: 77
  • Final Value: 415,256
  • High Value: 487,286
  • Low Value: 343,226

    Market Valuation

  • Market Total Value: $229,400

    Assessments Valuation

  • Assessed Year: 2022

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 19, 2019
  • Current Sale Recording Date: Feb 22, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Feb 03, 2012
  • Previous Sale Contract Date: Jan 25, 2012
  • Previous Sale Amount: $178,000
  • 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 Lenawee

Stats & Trends

Median Asking:

$260,000

Sale Price/ft²

$161

Below Asking

0.02%

Average Days on Market

55

Average Home Size

1994 ft²

Average Home Age

68.3 years

Currently For Sale

85 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: Jason Aldrich, ERA REARDON - BROOKLYN
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24035564
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 4155 Wyman Road built and last sold?
The property at 4155 Wyman Road was built in 1978 and last sold on Feb 19, 2019 for $309,000.
How much is this home worth?
The estimated value of the home located at 4155 Wyman Road is $558,594.
What are some comparable homes to 4155 Wyman Road?
There are currently no comparable homes to 4155 Wyman Road.
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