For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Northville 48167 Northville
46940 Elmsmere Drive
$625,000
● House - Off Market

46940 Elmsmere Drive

Northville, MI 48167
bedrooms
4 Beds
bathrooms
4 Baths, 2 Half Baths
square feet
3,985 Ft²
$3,577
Est. Monthly
$4
HOA / Fees
5.24%
Cap Rate

About This Property

Drive into this Community to find this home  tucked in on a  large, private homesite.  Enter the open foyer to lots of nature light , extensive wood flooring with lots of Trim details.  The spacious front room is open to the dining room perfect for entertaining.  The kitchen will not disappoint, with beautiful cabinetry, granite, Tile backsplash, wood flooring and SS appliances. Casual eating space overlooking the comfy family room with wood burning fireplace. The primary bedroom has a private ensuite. The main floor study and finished lower level offers lots of living space.  Evenings on your deck with lots of nature around this welcome you home.
Unit Size
3,985 Ft²
Days on Market
-
Land Size
0.49 acres
Price per sqft
$151
Property Type
House
Property Taxes
$627
HOA Dues
$4
Year Built
1987

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #24048461)

Price History

Date / Event Date Event Price
Oct 16, 2024 Sold
Premium
Sold
Sep 13, 2024 Listed by The Charles Reinhart Company $599,900
Listed by The Charles Reinhart Company
Jun 24, 2008 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,668
  • Garage Type: 7
  • Garage Square Area: 628
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,736
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 1,450
  • Total Building Area: 2,885
  • Building Area: 2,885
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,885
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NORTHVILLE ESTATES SUB
  • Land Acres: 0000000499
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: T1N, R8E, SEC 33 NORTHVILLE ESTATES SUB LOT 137

Neighborhood

  • School District Name: Northville Public Schools
  • School Tax School District: 82390
  • Census Tract: 137800

Zoning

  • Zoning: R1-A

Geography

  • District: 48
  • Section: 33
  • Parcel: 48-22-33-303-008
  • Lot: 137
  • Municipality: NORTHVILLE CITY
  • Latitude: 42.4431
  • Longitude: -83.5095

    Address

  • Full Address: 46940 Elmsmere Dr
  • Address - House Number: 46940
  • Address - Street Name: Elmsmere
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Northville
  • Carrier Code: C010
  • 4-Digit Zip Code: 3303
  • Zip Code: 48167

Valuation

    Tax

  • Tax Year: 2021
  • Tax Amount: $659,396

    Appraisal Valuation

  • Standard Deviation: 0.1815
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 76
  • Final Value: 598,910
  • High Value: 707,656
  • Low Value: 490,164

    Market Valuation

  • Market Total Value: $437,400
  • Market Land Value: $79,800
  • Market Improvement Value: $357,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $218,700
  • Assessed Land Value: $39,900
  • Assessed Improvements Value: $178,800

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 23, 2008
  • Current Sale Recording Date: Jun 24, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 123172
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 Northville

Stats & Trends

Median Asking:

$589,000

Sale Price/ft²

$211

Below Asking

0.02%

Average Days on Market

62

Average Home Size

2766 ft²

Average Home Age

45.3 years

Currently For Sale

19 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

Unit for rent at 104 W Main Street, MI, 48167

$3,500 /mo

  • 1 Bed
  • 1 Bath
  • 700 ft²
104 W Main Street #304, MI, 48167 Listing by Keith Brandt

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Janet McAllister, The Charles Reinhart Company
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24048461
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 46940 Elmsmere Drive built and last sold?
The property at 46940 Elmsmere Drive was built in 1987 and last sold on May 23, 2008 for $349,620.
How much is this home worth?
The estimated value of the home located at 46940 Elmsmere Drive is $615,332.
What are some comparable homes to 46940 Elmsmere Drive?
There are currently no comparable homes to 46940 Elmsmere Drive.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Northville Homes for Sale
Northville Houses for Sale
Northville Condos for Sale
Northville Townhouses for Sale
Northville Land for Sale
Northville Homes with Basements
Northville Homes with Pools
Northville Homes with Parking
Nearby Property Records
Oakland County, MI Property Records
Wayne County, MI Property Records
Washtenaw County, MI Property Records
Livingston County, MI Property Records
Monroe County, MI Property Records
Macomb County, MI Property Records
Genesee County, MI Property Records
Lapeer County, MI Property Records
Nearby Counties
Novi Homes for Sale
Top Real Estate Agents
Top Agents in Northville
Top Agents in 48167
Top Agents in 48375
Top Agents in 48374
Top Agents in Novi