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Wayne 48111
48075 Timber Creek Drive
$47,900
● Land - Off Market

48075 Timber Creek Drive

Belleville, MI 48111
bedrooms
Studio
bathrooms
0 Bath
$307
Est. Monthly
14.16%
Cap Rate

About This Property

WELCOME HOME TO TIMBER CREEK ESTATES WHERE YOU CAN BUILD YOUR DREAM HOME ON ONE OF THE LARGE 1+ ACRE LOTS! THIS UPSCALE NEIGHBORHOOD HAS ALL UTILITIES UNDERGROUND-GAS, ELECTRIC, CABLE, TELEPHONE & PUBLIC SEWERS. IT'S LOCATED IN A QUIET COUNTRY SETTING- BUT IT'S JUST MINUTES FROM SCHOOLS, EXPRESSWAYS & OTHER CITY CONVENIENCES.
Unit Size
-
Days on Market
41 days
Land Size
1.08 acres
Price per sqft
-
Property Type
Land
Property Taxes
$61
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: 8 months ago (MichRIC MLS #24003189)

Price History

Date / Event Date Event Price
Mar 4, 2024 Sold
Premium
Sold
Jan 13, 2024 Listed by Chuck Jaqua, REALTOR $49,900
Listed by Chuck Jaqua, REALTOR
Jan 21, 2016 Sold
Premium
Sold
Jul 9, 2014 Listed by Real Estate One $29,000
Listed by Real Estate One
Timber Creek Estate is an upscale neighborhood that has all utilities underground - electric, cable, public sewer, and gas. Don't miss your chance to build your dream home on one of the large 1+ acre lots. The lot provides a quiet country setting and is located just minutes from schools, I-94 and other conveniences.
May 18, 2012 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Total Rooms: 5
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 47,045
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: WAYNE COUNTY COND SUB
  • Land Acres: 0000001080
  • Standard Land Use Code: 8001
  • County Land Use Code: 402
  • Legal Description 1: *05C1* UNIT 1 WAYNE COUNTY COND SUB PLAN NO 769 AKA SWAN CREEK T4S R8E L40316 OF DEEDS P 117 TO 177 WCR-K-5.2631 -NOW KNOWN AS- REPLAT NO 1 OF WAYNE COUNTY COND SUB PLAN NO 769 AKA TIMBER CREEK T4S R8E L43685 OF DEEDS P88 TO 149 WCR-K-5.2631

Neighborhood

  • School District Name: Van Buren Public Schools
  • School Tax School District: VAN BUREN
  • Census Tract: 589401

Geography

  • District: 81
  • Section: 01
  • Parcel: 81 019 01 0001 000
  • Lot: 0001
  • Municipality: SUMPTER TWP
  • Latitude: 42.1613
  • Longitude: -83.5156

    Address

  • Full Address: 48075 Timber Creek Dr
  • Legal Unit: 1
  • Address - House Number: 48075
  • Address - Street Name: Timber Creek
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Belleville
  • Carrier Code: R007
  • 4-Digit Zip Code: 4615
  • Zip Code: 48111

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $19,203
  • Tax Rate Code Area: 82430

    Market Valuation

  • Market Total Value: $43,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $21,700

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 23, 2024
  • Current Sale Recording Date: Mar 04, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 43914
  • Previous Sale Recording Date: Jan 21, 2016
  • Previous Sale Contract Date: Dec 31, 2015
  • Previous Sale Amount: $50,000
  • 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 Wayne

Stats & Trends

Median Asking:

$189,900

Sale Price/ft²

$147

Above Asking

0.35%

Average Days on Market

56

Average Home Size

4542 ft²

Average Home Age

79.7 years

Currently For Sale

578 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: Michael C Alexander, Chuck Jaqua, REALTOR
Last Updated: 8 months ago
Data Source: MichRIC, MLS# 24003189
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 48075 Timber Lane built and last sold?
The property at 48075 Timber Lane was built in and last sold on Feb 23, 2024 for $95,800.
How much is this home worth?
The estimated value of the home located at 48075 Timber Lane is $0.
What are some comparable homes to 48075 Timber Lane?
There are currently no comparable homes to 48075 Timber Lane.
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