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Ingham 49251
4237 RACE RD
$185,000
● House - Off Market

4237 RACE RD

Leslie, MI 49251
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,020 Ft²
$335,655
RealtyHop Estimate
67.91%
Since Feb 1, 2017
National-US
Primary Model

About This Property

Move in before the cold!!  Seller Motivated! Big price reduction!!  Beautiful country home on 2.9 acres located just outside the city limits.  Short commute to highway access, shopping, parks and schools, this 4 bedroom home has plenty of living space inside and out.  All 4 bedrooms are on the same level and the main floor has an open kitchen/dining/living with a formal dining and formal family room for some separation.  The full basement is ready to finish or has made a great storage area in the past.  Perfect location for Lansing, Ann Arbor or Jackson commuters.
Unit Size
2,020 Ft²
Days on Market
-
Land Size
2.90 acres
Price per sqft
$99
Property Type
House
Property Taxes
$270
HOA Dues
-
Year Built
2005

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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: 3 years ago (MichRIC MLS #21089582)

Price History

Date / Event Date Event Price
Jun 11, 2018 Sold
Premium
Sold
Mar 26, 2018 Listed by SPROAT REALTY PROFESSIONALS $234,900
Listed by SPROAT REALTY PROFESSIONALS
Jan 27, 2017 Sold
Premium
Sold
Dec 14, 2016 Listed by SPROAT REALTY PROFESSIONALS $199,900
Listed by SPROAT REALTY PROFESSIONALS

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,010
  • Garage Type: 7
  • Garage Square Area: 484
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 8
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 126,324
  • Total Building Area: 2,020
  • Gross Building Area: 2,020
  • Building Area: 2,020
  • Building Area Measurement: T

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,020
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002900
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LS 22-2 COM AT W 1/4 COR OF SEC 22 -S89D 51' 50"E ALNG EW 1/4 LN 1319.44 FT-N00D 12' 47"W ALNG W 1/8 LN OF SEC 22 506.77 FT

Neighborhood

  • School District Name: Leslie Public Schools
  • School Tax School District: 33100
  • Census Tract: 006100

Zoning

  • Zoning: A-1

Geography

  • District: 14-14
  • Section: 22
  • Parcel: 33-14-14-22-176-006
  • Meridian: SEC 22 TWN 01N RNG 01W
  • Municipality: LESLIE TWP
  • Latitude: 42.4591
  • Longitude: -84.4176

    Address

  • Full Address: 4237 Race Rd
  • Address - House Number: 4237
  • Address - Street Name: Race
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Leslie
  • Carrier Code: R053
  • 4-Digit Zip Code: 9446
  • Zip Code: 49251

Valuation

    Tax

  • Tax Year: 2021
  • Tax Amount: $412,343

    Appraisal Valuation

  • Standard Deviation: 0.1615
  • Valuation Date: Jul 05, 2023
  • Confidence Score: 79
  • Final Value: 321,096
  • High Value: 372,984
  • Low Value: 269,209

    Market Valuation

  • Market Total Value: $262,496

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $131,248

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 05, 2018
  • Current Sale Recording Date: Jun 11, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2018-021053
  • Previous Sale Recording Date: Jan 27, 2017
  • Previous Sale Contract Date: Jan 24, 2017
  • Previous Sale Amount: $185,000
  • 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 Ingham

Stats & Trends

Median Asking:

$179,950

Sale Price/ft²

$136

Below Asking

0.04%

Average Days on Market

62

Average Home Size

1658 ft²

Average Home Age

69.8 years

Currently For Sale

78 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: DAVID M. ALLARD, SPROAT REALTY PROFESSIONALS
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21089582
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 4237 Race Road built and last sold?
The property at 4237 Race Road was built in 2005 and last sold on Jun 5, 2018 for $229,000.
How much is this home worth?
The estimated value of the home located at 4237 Race Road is $0.
What are some comparable homes to 4237 Race Road?
There are currently no comparable homes to 4237 Race Road.
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