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Ingham
4971 Ferris Road
$86,000
● Land - Off Market

4971 Ferris Road

Onondaga, MI 49264
bedrooms
Studio
bathrooms
0 Bath
$79,402
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Land for sale in beautiful Southwest Ingham County!!!

This 10 acre piece has much to offer.

This is an efficient hunting piece that could allow you to out smart that Ingham County bruiser year after year but won't break the bank.  Or build your next dream home in the country in a great location with proximity to Lansing or Jackson.

Schedule your walk today.
Unit Size
-
Days on Market
-
Land Size
10.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
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: 3 years ago (MichRIC MLS #23029403)

Price History

Date / Event Date Event Price
Sep 5, 2023 Sold
Premium
Sold
Aug 11, 2023 Listed by Michigan Whitetail Properties $79,900
Listed by Michigan Whitetail Properties

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 6
  • Basement Type: 9
  • Basement Area: 1,774
  • Garage Type: 7
  • Garage Square Area: 676
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 8
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 435,600
  • Total Building Area: 2,266
  • Gross Building Area: 2,266
  • Building Area: 2,266
  • Building Area Measurement: T

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,852
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000010000
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: O 3-5 W 1/2 OF W 1/2 OF SW 1/4 OF NW 1/4 SEC 3, T1NR2W 10A

Neighborhood

  • School District Name: Eaton Rapids Public Schools
  • School Tax School District: 23050
  • Census Tract: 006402

Geography

  • District: 13-13
  • Section: 3
  • Parcel: 33-13-13-03-100-008
  • Meridian: SEC 03 TWN 01N RNG 02W
  • Municipality: ONONDAGA TWP
  • Latitude: 42.503
  • Longitude: -84.5411

    Address

  • Full Address: 4971 Ferris Rd
  • Address - House Number: 4971
  • Address - Street Name: Ferris
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Onondaga
  • Carrier Code: R061
  • 4-Digit Zip Code: 9729
  • Zip Code: 49264

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $725,222

    Appraisal Valuation

  • Standard Deviation: 0.1053
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 89
  • Final Value: 77,260
  • High Value: 85,402
  • Low Value: 69,119

    Market Valuation

  • Market Total Value: $375,800
  • Market Land Value: $62,400
  • Market Improvement Value: $313,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $187,900
  • Assessed Land Value: $31,200
  • Assessed Improvements Value: $156,700

    Exemptions

  • Homeowner Exemption: Yes
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 Ingham

Stats & Trends

Median Asking:

$179,950

Sale Price/ft²

$136

Below Asking

0.04%

Average Days on Market

62

Average Home Size

1658 ft²

Average Home Age

69.8 years

Currently For Sale

78 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: Mike Plemmons, Michigan Whitetail Properties
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 23029403
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 4971 Ferris Road built and last sold?
The property at 4971 Ferris Road was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 4971 Ferris Road is $0.
What are some comparable homes to 4971 Ferris Road?
There are currently no comparable homes to 4971 Ferris Road.
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