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Tecumseh 49286
505 Orchard Lane
$155,000
● House - Off Market

505 Orchard Lane

Tecumseh, MI 49286
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,064 Ft²
$175,507
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model

About This Property

***MULTIPLE OFFERS-HIGHEST and BEST*** 7 PM, May 30,2021. Welcome to Tecumseh Acres! 505 Orchard Lane is a highly desirable street in the heart of Tecumseh that backs to The Pit. Buyers will love this ranch home with an oversized fenced yard and a 2-car detached garage. This lovely home was originally built as a 3-bedroom ranch that can easily be converted back from the current 2-Bedroom configuration. Seller priced this well-maintained home with a nice floor plan for the Buyer to have room in their budget to make their own touches after closing. A short walk to the Tecumseh Park and Kids Playground, High School, local Tecumseh Brewery, Fast food, and more. See it today. It won't last!!
Unit Size
1,064 Ft²
Days on Market
-
Land Size
0.44 acres
Price per sqft
$141
Property Type
House
Property Taxes
$147
HOA Dues
-
Year Built
1956

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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 #23088852)

Price History

Date / Event Date Event Price
Jul 1, 2021 Sold
Premium
Sold
May 27, 2021 Listed by The Charles Reinhart Company $150,000
Listed by The Charles Reinhart Company
Apr 26, 2012 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 8
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • 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: 528
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,166
  • Lot Size Depth Feet: 1,900
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,064
  • Building Area: 1,064
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,064
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TECUMSEH ACRES
  • Land Acres: 0000000440
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 18 TECUMSEH ACRES CITY OF TECUMSEH

Neighborhood

  • School District Name: Tecumseh Public Schools
  • School Tax School District: SCH: 46140
  • Census Tract: 060800

Zoning

  • Zoning: RA-2

Geography

  • District: XT0
  • Parcel: XT0-760-0180-00
  • Lot: 18
  • Municipality: TECUMSEH CITY
  • Latitude: 41.9981
  • Longitude: -83.9568

    Address

  • Full Address: 505 Orchard Ln
  • Address - House Number: 505
  • Address - Street Name: Orchard
  • Address - Suffix Type: Ln
  • State: MI
  • City Name: Tecumseh
  • Carrier Code: C004
  • 4-Digit Zip Code: 1725
  • Zip Code: 49286

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $305,253

    Appraisal Valuation

  • Standard Deviation: 0.225
  • Valuation Date: Dec 07, 2022
  • Confidence Score: 68
  • Final Value: 191,391
  • High Value: 234,461
  • Low Value: 148,321

    Market Valuation

  • Market Total Value: $150,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $75,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 30, 2021
  • Current Sale Recording Date: Jul 01, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Apr 26, 2012
  • Previous Sale Contract Date: Apr 25, 2012
  • Previous Sale Amount: $43,500
  • 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 Tecumseh

Stats & Trends

Median Asking:

$239,875

Sale Price/ft²

$154

Below Asking

0.02%

Average Days on Market

55

Average Home Size

1657 ft²

Average Home Age

66.1 years

Currently For Sale

10 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: Tammi A Ebenhoeh, The Charles Reinhart Company
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 23088852
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 505 Orchard Lane built and last sold?
The property at 505 Orchard Lane was built in 1956 and last sold on Jun 30, 2021 for $155,000.
How much is this home worth?
The estimated value of the home located at 505 Orchard Lane is $0.
What are some comparable homes to 505 Orchard Lane?
There are currently no comparable homes to 505 Orchard Lane.
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