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Washtenaw 48103
4231 Red Mesa Court
$66,500
● Land - Off Market

4231 Red Mesa Court

Dexter, MI 48130
bedrooms
Studio
bathrooms
0 Bath
$122,426
RealtyHop Estimate
94.33%
Since Feb 1, 2014
National-US
Primary Model

About This Property

The Preserve Of Dexter. Located In Scio Township. Dexter Schools W/ Paved Roads And Wchd Approved Wells. Each Site Features Underground Utilities, Telephone, Natural Gas & ComcAst Cable Service. Please Call For Buildin/Use Restriction. Bring The Builder Of Your Choice To Build Your Dream Home In The Friendly Neighborhoods Located Atthe Preserve. The Preserve Features 2 Natural Spring-fed Lakes, 1-4 Acre Lots, Walking Paths & Twp Taxes., Easement:  Y
Unit Size
-
Days on Market
-
Land Size
1.13 acres
Price per sqft
-
Property Type
Land
Property Taxes
$106
HOA Dues
-
Year Built
-

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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 #15216)

Price History

Date / Event Date Event Price
Sep 25, 2020 Sold
Premium
Sold
Aug 25, 2020 Sold
Premium
Sold
Jun 5, 2020 Listed by The Charles Reinhart Company $889,000
Listed by The Charles Reinhart Company
Jan 22, 2014 Sold
Premium
Sold
Mar 28, 2006 Listed by The Charles Reinhart Company $63,000
Listed by The Charles Reinhart Company

Property Highlights

Garage

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 29
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 49,223
  • Lot Size Frontage Feet: 0
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THE PRESERVE CONDOPLAN 332 - S
  • Land Acres: 0000001130
  • Standard Land Use Code: 1004
  • County Land Use Code: 401
  • Legal Description 1: UNIT 90, THE PRESERVE, WASHTENAW CO CONDO SUBDV PLAN NO. 332. T2S, R5E. 1.13AC.

Neighborhood

  • School District Name: Dexter Community School District
  • School Tax School District: DEXTER
  • Census Tract: 453000

Geography

  • District: H
  • Parcel: H -08-03-350-090
  • Block: 350
  • Meridian: SEC 03 TWN 2S RNG 5E
  • Municipality: SCIO TWP
  • Latitude: 42.3388
  • Longitude: -83.8308

    Address

  • Full Address: 4231 Red Mesa Ct
  • Legal Unit: 90
  • Address - House Number: 4231
  • Address - Street Name: Red Mesa
  • Address - Suffix Type: Ct
  • State: MI
  • City Name: Dexter
  • Carrier Code: R004
  • 4-Digit Zip Code: 8435
  • Zip Code: 48130

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $435,856
  • Tax Rate Code Area: H

    Appraisal Valuation

  • Standard Deviation: 0.1364
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 84
  • Final Value: 969,105
  • High Value: 1,101,318
  • Low Value: 836,891

    Market Valuation

  • Market Total Value: $833,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $416,900

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 25, 2020
  • Current Sale Recording Date: Sep 25, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6544334
  • Previous Sale Recording Date: Jan 22, 2014
  • Previous Sale Contract Date: Jan 14, 2014
  • Previous Sale Amount: $66,500
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
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

Rentals Near You

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MichRIC

Listed by: Elizabeth Brien, The Charles Reinhart Company
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 15216
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 4231 Red Mesa Court built and last sold?
The property at 4231 Red Mesa Court was built in and last sold on Aug 25, 2020 for $810,000.
How much is this home worth?
The estimated value of the home located at 4231 Red Mesa Court is $0.
What are some comparable homes to 4231 Red Mesa Court?
There are currently no comparable homes to 4231 Red Mesa Court.
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