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Lenawee
4692 Robb Highway
$184,000
● House - Off Market

4692 Robb Highway

Palmyra, MI 49268
bedrooms
4 Beds
bathrooms
0 Bath
square feet
2,104 Ft²
$1,152
Est. Monthly
23.08%
Cap Rate

About This Property

Nice 4 bedroom, 1 bath farmhouse with 1 car detached garage.  An additional 3 bedroom, 1 bath mobile home is also on property.  There are a total of 5 additional outbuildings, including a very large barn, pole barn and chicken coup.  Property needs a new well and additional repairs.  This property is eligible under Freddie Mac First Look through 12/13/2024. Seller is open to concessions during negotiations. Concessions cannot exceed actual closing costs.
Unit Size
2,104 Ft²
Days on Market
-
Land Size
3.18 acres
Price per sqft
$88
Property Type
House
Property Taxes
$244
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: 2 years ago (MichRIC MLS #24059465)

Price History

Date / Event Date Event Price
Jan 30, 2025 Sold
Premium
Sold
Dec 6, 2024 In contract -
In contract
Nov 14, 2024 Listed by Century 21 Affiliated $184,900
Listed by Century 21 Affiliated
Jun 25, 2021 No longer available -
No longer available
Jun 18, 2021 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 8
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 672
  • Garage Type: 7
  • Garage Square Area: 308
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 138,521
  • Total Building Area: 3,612
  • Building Area: 3,612
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,612
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000003180
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LD DES AS BEG 676.50 FT S ALG THE W LI OF SEC 22 T7S R4E & 773.25 FT S89^20'23"E FROM THE W1/4 COR OF SD SEC TH S89^20'23"E

Neighborhood

  • School District Name: Blissfield Community Schools
  • School Tax School District: SCH: 46040
  • Census Tract: 061200

Geography

  • District: PA0
  • Parcel: PA0-122-3160-00
  • Meridian: SEC 22 TWN 07S RNG 04E
  • Municipality: PALMYRA TWP
  • Latitude: 41.8524
  • Longitude: -83.94

    Address

  • Full Address: 4692 Robb Hwy
  • Address - House Number: 4692
  • Address - Street Name: Robb
  • Address - Suffix Type: Hwy
  • State: MI
  • City Name: Palmyra
  • Carrier Code: R061
  • 4-Digit Zip Code: 9602
  • Zip Code: 49268

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $104,078

    Appraisal Valuation

  • Standard Deviation: 0.2197
  • Valuation Date: Jul 14, 2022
  • Confidence Score: 69
  • Final Value: 247,164
  • High Value: 301,482
  • Low Value: 192,845

    Market Valuation

  • Market Total Value: $200,400

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $100,200

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 16, 2021
  • Current Sale Recording Date: Jun 18, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Jun 18, 2021
  • Previous Sale Contract Date: Jun 16, 2021
  • Previous Sale Amount: $135,000
  • 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

$160

Below Asking

0.02%

Average Days on Market

55

Average Home Size

1989 ft²

Average Home Age

67.8 years

Currently For Sale

86 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: Randall Brookshire, Century 21 Affiliated
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24059465
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 4692 Robb Highway built and last sold?
The property at 4692 Robb Highway was built in and last sold on Jun 16, 2021 for $204,900.
How much is this home worth?
The estimated value of the home located at 4692 Robb Highway is $190,454.
What are some comparable homes to 4692 Robb Highway?
There are currently no comparable homes to 4692 Robb Highway.
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