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Eaton 48813
4712 Sherman Road
$59,900
● House - Off Market

4712 Sherman Road

Charlotte, MI 48813
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,500 Ft²
$106,253
RealtyHop Estimate
77.38%
Since Nov 1, 2015
National-US
Primary Model
Unit Size
1,500 Ft²
Days on Market
-
Land Size
3.81 acres
Price per sqft
$40
Property Type
House
Property Taxes
$94
HOA Dues
-
Year Built
-

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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 #15042026)

Price History

Date / Event Date Event Price
Aug 20, 2018 Sold
Premium
Sold
Jan 26, 2018 Listed by Realty #1 $98,900
Listed by Realty #1
Oct 30, 2015 Sold
Premium
Sold
Aug 3, 2015 Listed by Realty #1 $59,900
Listed by Realty #1

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 45
  • 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: 576
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 165,964
  • Total Building Area: 1,248
  • Building Area: 1,248
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 2
  • Heating: 4
  • Heated Square Feet: 1,248
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000003810
  • Standard Land Use Code: 1006
  • County Land Use Code: 401
  • Mobile Home Indicator: T
  • Legal Description 1: COM SE COR SEC 6; N0?19'25"W 1237 FT TO POB; W 85 FT; N0?19'25"W 77 FT; W 332 FT; S0?19'25"E 121 FT; W 248 FT; N0?19'25"W 316 FT; E 665 FT; S0?19'25"E 272 FT TO POB. SUBJ TO ALL EASEMENTS & RESTRICTIONS IF ANY. SEC 6, T1N,R4W, BROOKFIELD TWP. D 6-7-0

Neighborhood

  • School District Name: Olivet Community Schools
  • School Tax School District: 23080
  • Census Tract: 021100

Zoning

  • Zoning: LA

Geography

  • District: 150
  • Section: 6
  • Parcel: 150 006 400 075 02
  • Meridian: SEC 06 TWN 01N RNG 04W
  • Municipality: BROOKFIELD TWP
  • Latitude: 42.4982
  • Longitude: -84.817

    Address

  • Full Address: 4712 Sherman Rd
  • Address - House Number: 4712
  • Address - Street Name: Sherman
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Charlotte
  • Carrier Code: R004
  • 4-Digit Zip Code: 9150
  • Zip Code: 48813

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $55,450
  • Initial Tax Delinquent Year: 2017

    Appraisal Valuation

  • Standard Deviation: 0.1936
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 159,838
  • High Value: 190,795
  • Low Value: 128,880

    Market Valuation

  • Market Total Value: $116,542

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $58,271

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 17, 2018
  • Current Sale Recording Date: Aug 20, 2018
  • Current Sale Price:
    Premium
  • Current 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 Eaton

Stats & Trends

Median Asking:

$249,900

Sale Price/ft²

$150

Below Asking

0.02%

Average Days on Market

49

Average Home Size

2145 ft²

Average Home Age

66.8 years

Currently For Sale

32 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

Currently no nearby rentals
MichRIC

Listed by: Randy L McClish, Realty #1
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 15042026
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 4712 Sherman Road built and last sold?
The property at 4712 Sherman Road was built in and last sold on Aug 17, 2018 for $92,500.
How much is this home worth?
The estimated value of the home located at 4712 Sherman Road is $107,007.
What are some comparable homes to 4712 Sherman Road?
There are currently no comparable homes to 4712 Sherman Road.
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