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Lenawee 49286
5066 Laing Drive
$215,000
● House - Off Market

5066 Laing Drive

Tecumseh, MI 49286
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,089 Ft²
$224,972
RealtyHop Estimate
4.64%
Since Nov 1, 2022
National-US
Primary Model

About This Property

Quality, spacious Ranch Home in Raisin Twp. Wonderfully landscaped With large .5 acre lot, fenced backyard with mature trees. 3 Bedrooms, 1.5 baths with partially finished lower level with so many possibilities, walkup basement exit to open up other opportunities. Large attached 2.5 car garage with room for your workshop or move it to basement with plenty of room for most hobbies.  Wonderful neighborhood but no extra village tax. Natural gas is always a plus when living away from the city.  All paved roads plus paved driveway.  Make it your new home allowing your young, growing family room to stretch out. Newer Roof, Siding, Windows & Gutters. Easy commute into Adrian to get that needed item., Rec Room: Partially Finished, Rec Room: Finished
Unit Size
2,089 Ft²
Days on Market
-
Land Size
0.48 acres
Price per sqft
$103
Property Type
House
Property Taxes
$236
HOA Dues
-
Year Built
1967

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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 #54441)

Price History

Date / Event Date Event Price
Oct 28, 2022 Sold
Premium
Sold
Aug 1, 2022 Listed by Keller Williams Ann Arbor $215,000
Listed by Keller Williams Ann Arbor
Nov 7, 2018 Sold
Premium
Sold
Oct 7, 2018 No longer available -
No longer available
Sep 4, 2018 Listed by Keller Williams Ann Arbor $149,900
Listed by Keller Williams Ann Arbor
Show More

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,689
  • 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: 20,909
  • Lot Size Depth Feet: 2,091
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,689
  • Building Area: 1,689
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,689
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OSBURN SUBDIVISION
  • Land Acres: 0000000480
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 48 OSBURN SUBDIVISION

Neighborhood

  • School District Name: Tecumseh Public Schools
  • School Tax School District: SCH: 46140
  • Census Tract: 060700

Zoning

  • Zoning: R-1

Geography

  • District: RA0
  • Parcel: RA0-600-0480-00
  • Lot: 48
  • Municipality: RAISIN TWP
  • Latitude: 41.9647
  • Longitude: -83.9541

    Address

  • Full Address: 5066 Laing Dr
  • Address - House Number: 5066
  • Address - Street Name: Laing
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Tecumseh
  • Carrier Code: R003
  • 4-Digit Zip Code: 9549
  • Zip Code: 49286

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $256,568

    Appraisal Valuation

  • Standard Deviation: 0.109
  • Valuation Date: Nov 02, 2022
  • Confidence Score: 89
  • Final Value: 209,955
  • High Value: 232,850
  • Low Value: 187,059

    Market Valuation

  • Market Total Value: $206,200

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $103,100

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 07, 2018
  • Current Sale Recording Date: Nov 07, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Apr 21, 2006
  • Previous Sale Contract Date: Apr 18, 2006
  • Previous Sale Amount: $156,000
  • 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 Lenawee

Stats & Trends

Median Asking:

$260,000

Sale Price/ft²

$160

Below Asking

0.02%

Average Days on Market

55

Average Home Size

1989 ft²

Average Home Age

67.8 years

Currently For Sale

86 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: Patrick L Fielder, Keller Williams Ann Arbor
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 54441
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 5066 Laing Drive built and last sold?
The property at 5066 Laing Drive was built in 1967 and last sold on Nov 7, 2018 for $149,900.
How much is this home worth?
The estimated value of the home located at 5066 Laing Drive is $222,902.
What are some comparable homes to 5066 Laing Drive?
There are currently no comparable homes to 5066 Laing Drive.
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