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Hillsdale 49274
4421 Carpenter Road
$50,000
● Land - Off Market

4421 Carpenter Road

Reading, MI 49274
bedrooms
Studio
bathrooms
0 Bath
$416
Est. Monthly

About This Property

2.6 acres for sale in Hillsdale County- This property just might be perfect for your potential country future home. Make yourself a beautiful yard with gorgeous trees and some nice open ag land giving you an opportunity for that prefect homestead setup!
Unit Size
-
Days on Market
49 days
Land Size
2.57 acres
Price per sqft
-
Property Type
Land
Property Taxes
$121
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: 10 months ago (MichRIC MLS #25058911)

Price History

Date / Event Date Event Price
Jan 6, 2026 Sold
Premium
Sold
Nov 18, 2025 Listed by Michigan Whitetail Properties $59,900
Listed by Michigan Whitetail Properties
Oct 3, 1979 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 33
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 768
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 111,949
  • Total Building Area: 1,680
  • Gross Building Area: 1,680
  • Building Area: 1,680
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,680
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: False
  • Land Acres: 0000002570
  • Standard Land Use Code: 1006
  • County Land Use Code: 401
  • Mobile Home Indicator: T
  • Legal Description 1: COM 400 FT S OF INT PIKE LK RD & CARPENTER RD TH E 270 FT TH S 415 FT TH W 270 FT TH N 415 FT TO POB SEC 18 T7S R3W 2.57 A M/

Neighborhood

  • School District Name: Reading Community Schools
  • Census Tract: 050900

Geography

  • District: 11
  • Parcel: 11-018-200-018-18-7-3
  • Meridian: SEC 18 TWN 07S RNG 03W
  • Municipality: CAMBRIA TWP
  • Latitude: 41.8628
  • Longitude: -84.6985

    Address

  • Full Address: 4421 Carpenter Rd
  • Address - House Number: 4421
  • Address - Street Name: Carpenter
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Reading
  • Carrier Code: R002
  • 4-Digit Zip Code: 9209
  • Zip Code: 49274

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $30,820

    Appraisal Valuation

  • Standard Deviation: 0.1444
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 71
  • Final Value: 78,674
  • High Value: 90,034
  • Low Value: 67,313

    Market Valuation

  • Market Total Value: $74,916
  • Market Land Value: $18,280
  • Market Improvement Value: $56,636

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $37,500

    Sales

  • Current Sale Contract Date: Jan 29, 2002
  • Current Sale Recording Date: Jan 29, 2002
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Oct 03, 1979
  • Previous Sale Contract Date: Oct 03, 1979
  • Previous Sale Amount: $64,000
  • Previous 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 Hillsdale

Stats & Trends

Median Asking:

$249,900

Sale Price/ft²

$150

Below Asking

0.02%

Average Days on Market

61

Average Home Size

1895 ft²

Average Home Age

88.4 years

Currently For Sale

107 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: Mike Plemmons, Michigan Whitetail Properties
Last Updated: 10 months ago
Data Source: MichRIC, MLS# 25058911
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 4421 Carpenter Road built and last sold?
The property at 4421 Carpenter Road was built in and last sold on Jan 29, 2002 for $0.
How much is this home worth?
The estimated value of the home located at 4421 Carpenter Road is $0.
What are some comparable homes to 4421 Carpenter Road?
There are currently no comparable homes to 4421 Carpenter Road.
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