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Chelsea 48118
47 Chestnut
$156,000
● House - Off Market

47 Chestnut

Chelsea, MI 48118
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,166 Ft²
$325,309
RealtyHop Estimate
114.02%
Since Feb 1, 2013
National-US
Primary Model

About This Property

Attractive Updated Home In The Quaint City Of Chelsea.  Enjoy The Sliding Doors Off Dining Area To The Beautiful Fenced Backyard.  There Has Been Many Updates In The Past Year Including Freshly Painted First Floor, New Furnace And Air Conditioner, Downspouts And Gutters, New Crown Molding Plus New Microwave, Refrigerator And Stove.There Was Also A New Sewer Line And Exterior Drain Tile System Added.  Great Buy!,   Primary Bath
Unit Size
2,166 Ft²
Days on Market
-
Land Size
-
Price per sqft
$70
Property Type
House
Property Taxes
$176
HOA Dues
-
Year Built
1965

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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 #23096506)

Price History

Date / Event Date Event Price
Oct 6, 2021 Sold
Premium
Sold
Jul 28, 2021 Listed by RE/MAX Platinum $250,000
Listed by RE/MAX Platinum
Jan 23, 2013 Sold
Premium
Sold
Oct 25, 2012 Listed by RE/MAX Platinum $152,000
Listed by RE/MAX Platinum
Jun 8, 2011 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,236
  • Garage Type: 7
  • Garage Square Area: 375
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,236
  • Building Area: 1,236
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,236
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LANEWOOD #2
  • Land Acres: 0000001000
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: H TRSF 6-13-97 *OLD SID - FC 06-660-036-00 CV 19-36 LOT 77 LANEWOOD NO. 2.

Neighborhood

  • School District Name: Chelsea School District
  • School Tax School District: CHELSEA
  • Census Tract: 446400

Zoning

  • Zoning: RS2 SI

Geography

  • District: 06
  • Parcel: 06-06-01-427-012
  • Block: 427
  • Lot: 77
  • Meridian: SEC 01 TWN 2S RNG 3E
  • Municipality: CHELSEA CITY
  • Latitude: 42.3287
  • Longitude: -84.0207

    Address

  • Full Address: 47 Chestnut Dr
  • Address - House Number: 47
  • Address - Street Name: Chestnut
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Chelsea
  • Carrier Code: R003
  • 4-Digit Zip Code: 9416
  • Zip Code: 48118

Valuation

    Tax

  • Tax Year: 2021
  • Tax Amount: $415,538
  • Tax Rate Code Area: 06

    Appraisal Valuation

  • Standard Deviation: 0.2003
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 73
  • Final Value: 274,749
  • High Value: 329,803
  • Low Value: 219,696

    Market Valuation

  • Market Total Value: $253,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $126,500

    Sales

  • Current Sale Contract Date: Sep 09, 2021
  • Current Sale Recording Date: Oct 06, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6615615
  • Previous Sale Recording Date: Jan 23, 2013
  • Previous Sale Contract Date: Jan 14, 2013
  • Previous Sale Amount: $156,000
  • 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 Chelsea

Stats & Trends

Median Asking:

$359,000

Sale Price/ft²

$205

Below Asking

0.01%

Average Days on Market

38

Average Home Size

2033 ft²

Average Home Age

55.7 years

Currently For Sale

11 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: Susan E Blessing, RE/MAX Platinum
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 23096506
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 47 Chestnut Drive built and last sold?
The property at 47 Chestnut Drive was built in 1965 and last sold on Sep 9, 2021 for $250,000.
How much is this home worth?
The estimated value of the home located at 47 Chestnut Drive is $0.
What are some comparable homes to 47 Chestnut Drive?
There are currently no comparable homes to 47 Chestnut Drive.
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