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Washtenaw 48130
4526 Burns Way
$545,000
● House - Off Market

4526 Burns Way

Dexter, MI 48130
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,903 Ft²
$3,313
Est. Monthly
$42
HOA / Fees
6.53%
Cap Rate

About This Property

Welcome to this beautiful Contemporary 4 bed, 2.5 bath home in the peaceful Glen Devon subdivision. Natural hardwood greets you in the foyer and continues throughout the main level. The light drenched kitchen offers custom cabinetry, stainless appliances and a quaint eating nook. To one side of the kitchen you'll find the formal living and dining rooms, to the other waits the huge sunken family room with large windows and gas fireplace. Double french doors provide an elegant transition from the Family room to the large den. A partially finished basement provides space for a third living area with room leftover for an office and TONS of storage. With a newer roof, driveway, fresh paint, and recently updated HVAC (2019) the home will be free of large maintenance costs for years to come.
Unit Size
2,903 Ft²
Days on Market
-
Land Size
0.85 acres
Price per sqft
$186
Property Type
House
Property Taxes
$620
HOA Dues
$42
Year Built
1997

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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 #24002334)

Price History

Date / Event Date Event Price
Feb 12, 2024 Sold
Premium
Sold
Jan 8, 2024 Listed by Keller Williams Ann Arbor $540,000
Listed by Keller Williams Ann Arbor
May 11, 2018 Sold
Premium
Sold
Jul 9, 2017 Listed by Keller Williams Ann Arbor $379,000
Listed by Keller Williams Ann Arbor
Mar 19, 1996 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 29
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,195
  • Garage Type: 7
  • Garage Square Area: 752
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 8
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 0
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,303
  • Building Area: 2,303
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,303
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GLEN DEVON CONDO
  • Standard Land Use Code: 1004
  • County Land Use Code: 401
  • Legal Description 1: WE 46-12 MASTER DEED 11-89 UNIT 12 GLEN DEVON CONDOMINIUMS

Neighborhood

  • School District Name: Dexter Community School District
  • School Tax School District: DEXTER
  • Census Tract: 461000

Zoning

  • Zoning: RH

Geography

  • District: C
  • Parcel: C -03-34-485-012
  • Block: 485
  • Meridian: SEC 34 TWN 1S RNG 5E
  • Municipality: WEBSTER TWP
  • Latitude: 42.3473
  • Longitude: -83.8243

    Address

  • Full Address: 4526 Burns Way
  • Legal Unit: 12
  • Address - House Number: 4526
  • Address - Street Name: Burns
  • Address - Suffix Type: Way
  • State: MI
  • City Name: Dexter
  • Carrier Code: R004
  • 4-Digit Zip Code: 9480
  • Zip Code: 48130

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $216,175
  • Tax Rate Code Area: C

    Appraisal Valuation

  • Standard Deviation: 0.1425
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 83
  • Final Value: 536,144
  • High Value: 612,587
  • Low Value: 459,701

    Market Valuation

  • Market Total Value: $443,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $221,500

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 08, 2024
  • Current Sale Recording Date: Feb 12, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6711610
  • Previous Sale Recording Date: May 11, 2018
  • Previous Sale Contract Date: Apr 27, 2018
  • Previous Sale Amount: $359,000
  • 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 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: Kevin P Daum, Keller Williams Ann Arbor
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24002334
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 4526 Burns Way built and last sold?
The property at 4526 Burns Way was built in 1997 and last sold on Feb 8, 2024 for $545,000.
How much is this home worth?
The estimated value of the home located at 4526 Burns Way is $0.
What are some comparable homes to 4526 Burns Way?
There are currently no comparable homes to 4526 Burns Way.
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