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Eaton 48813
4716 Margaret Drive
Photo of 4716 Margaret Drive

26

Map

Photo of 4716 Margaret Drive
Photo of 4716 Margaret Drive
$359,900
● House - In Contract

4716 Margaret Drive

Charlotte, MI 48813
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,040 Ft²
$2,152
Est. Monthly
4.05%
Cap Rate

About This Property

Nestled in a peaceful country setting & set back from the road for added privacy, this beautiful home offers both comfort and functionality. The expansive living room provides plenty of space for relaxing or entertaining, while the stunning kitchen is a chef's dream-complete with a center island, stainless steel appliances, abundant cabinetry, generous counter space & a walk-in pantry. Enjoy meals in the spacious dining area that overlooks the scenic backyard. The primary bedroom is generously sized and features a luxurious en-suite bath with double sinks, a large soaking tub & an oversized walk-in shower. Each of the additional bedrooms offers ample space, 1st floor laundry, Outside, you'll find a huge pole barn for vehicles, a future workshop, etc.  EMD to be held with seller's title.
Unit Size
2,040 Ft²
Days on Market
-
Land Size
4.42 acres
Price per sqft
$176
Property Type
House
Property Taxes
$384
HOA Dues
-
Year Built
-

Listed By

Francine Willingham
[email protected]
Willingham Real Estate, LLC

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Cap Rate Calculator

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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: 2 years ago (MichRIC MLS #25036685)

Price History

Date / Event Date Event Price
Aug 8, 2025 In contract -
In contract
Jul 23, 2025 Listed by Willingham Real Estate $359,900
Listed by Willingham Real Estate
Aug 18, 2023 Sold
Premium
Sold
May 4, 2021 Sold
Premium
Sold
Oct 31, 2013 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Parking Details
Parking Features: Detached
Interior Details
Full Bathrooms: 2
Interior Features: LP Tank Rented
Appliances: Dishwasher, Microwave, Oven, Refrigerator
Flooring Type: Carpet, Other
Laundry Features: Laundry Room
Rooms: 8
Basement: Full
Exterior Details
Square Footage: 2040
Architectural Style: Ranch
Year Built: 2023
Building Area Total: 2040
Construction Materials: Aluminum Siding
Patio and Porch Features: Deck, Porch(es)
Lot Size Area: 4.42
Lot Size Units: Acres
Lot Size Acres: 4.42
Lot Size Square Feet: 192535
Lot Size Dimensions: 345X590X334X537
Water Source: Well
Financial Details
Tax Assessed Value: $158,000
Tax Annual Amount: $4,611
Utilities Details
Cooling Type: Central Air
Heating Type: Forced Air
Sewer : Septic Tank

Building Info

Overview

    General

  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 45
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 960
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 192,535
  • Total Building Area: 2,005
  • Building Area: 2,005
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,005
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 1
  • Property Class: R
  • Land Acres: 0000004420
  • Standard Land Use Code: 1006
  • County Land Use Code: 401
  • Mobile Home Indicator: T
  • Legal Description 1: COM W 1/4 COR SEC 5; S0?54'02"E 369.64 FT TO C/L CLINTON TR; S46?41'0"E 1900 FT; N43?42'46"E 480 FT TO POB; N43?42'46"E 330.27 FT; S46?42'19"E 605.27 FT; S53?31'09"W 343.51 FT; N45?53'21"W 546.76 FT TO POB. SUBJ TO EASEMENT FOR PRIVATE RD & ALL OTHER

Neighborhood

  • School District Name: Charlotte Public Schools
  • School Tax School District: 23030
  • Census Tract: 020602

Zoning

  • Zoning: LA

Geography

  • District: 60
  • Section: 5
  • Parcel: 060 005 300 052 13
  • Meridian: SEC 05 TWN 03N RNG 05W
  • Municipality: CHESTER TWP
  • Latitude: 42.6732
  • Longitude: -84.9277

    Address

  • Full Address: 4716 Margaret Dr
  • Address - House Number: 4716
  • Address - Street Name: Margaret
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Charlotte
  • Carrier Code: R006
  • 4-Digit Zip Code: 7629
  • Zip Code: 48813

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $152,910

    Appraisal Valuation

  • Standard Deviation: 0.0925
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 91
  • Final Value: 442,774
  • High Value: 483,752
  • Low Value: 401,796

    Market Valuation

  • Market Total Value: $277,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $138,800

    Sales

  • Current Sale Contract Date: Aug 11, 2023
  • Current Sale Recording Date: Aug 18, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: May 04, 2021
  • Previous Sale Contract Date: May 04, 2021
  • Previous Sale Amount: $26,300
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
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

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MichRIC

Listed by: Francine Willingham, Willingham Real Estate
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25036685
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 4716 Margaret Drive built and last sold?
The property at 4716 Margaret Drive was built in and last sold on Aug 11, 2023 for $389,000.
How much is this home worth?
The estimated value of the home located at 4716 Margaret Drive is $362,450.
What are some comparable homes to 4716 Margaret Drive?
There are currently no comparable homes to 4716 Margaret Drive.
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