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Ionia 48846
5161 Ainsworth Road
$340,212
● House - Off Market

5161 Ainsworth Road

Ionia, MI 48846
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,518 Ft²
$361,862
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Country living! This 3 bedroom 2 bath bi-level situated on 7 acres is ready to become your oasis from the hustle and bustle of life. Upper level offers a kitchen with an island/eating area, living room, 2 bedrooms and a full bath. There is a deck off the kitchen, great place for grilling, overlooks the fire pit and horseshoe pits. The large master bedroom, full bath/ laundry room and family room are on the lower level. The property also includes a large garage with shelving, barn including 2 stalls, additional animal shelter and shed within the fenced in field. Solar power with battery backup.
Unit Size
1,518 Ft²
Days on Market
84 days
Land Size
7.13 acres
Price per sqft
$240
Property Type
House
Property Taxes
$275
HOA Dues
-
Year Built
1999

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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: 6 months ago (MichRIC MLS #23018716)

Price History

Date / Event Date Event Price
Aug 28, 2023 Sold
Premium
Sold
Jul 18, 2023 No longer available -
No longer available
Jun 4, 2023 Price Increased $369,900
↑ $6K (1.7%)
Price Increased
Jun 2, 2023 Listed by CENTURY 21 AFFILIATED $363,900
Listed by CENTURY 21 AFFILIATED
Jun 18, 2019 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Building Count: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 4
  • 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: 7
  • Garage Square Area: 864
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 310,583
  • Total Building Area: 1,406
  • Building Area: 1,406
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,406
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000007130
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: PT NW 1/4 SEC 14 COM NW COR SEC TH S1*1'57W 662.08FT TO POB, TH E 943.7FT, TH S1*6'53W 326.92FT, TH W 943.25FT, TH N1*1'57E

Neighborhood

  • School District Name: Ionia Public Schools
  • Census Tract: 031900

Geography

  • District: 011
  • Parcel: 34-011-014-000-030-20
  • Meridian: SEC 14 TWN 06N RNG 07W
  • Municipality: BERLIN TOWNSHIP
  • Latitude: 42.9129
  • Longitude: -85.1136

    Address

  • Full Address: 5161 Ainsworth Rd
  • Address - House Number: 5161
  • Address - Street Name: Ainsworth
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Ionia
  • Carrier Code: R004
  • 4-Digit Zip Code: 9463
  • Zip Code: 48846

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $115,780
  • Tax Rate Code Area: 011

    Appraisal Valuation

  • Standard Deviation: 0.1198
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 87
  • Final Value: 364,969
  • High Value: 408,727
  • Low Value: 321,211

    Market Valuation

  • Market Total Value: $225,800
  • Market Land Value: $51,200
  • Market Improvement Value: $174,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $112,900
  • Assessed Land Value: $25,600
  • Assessed Improvements Value: $87,300

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 24, 2023
  • Current Sale Recording Date: Aug 28, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jun 18, 2019
  • Previous Sale Contract Date: Jun 12, 2019
  • Previous Sale Amount: $228,000
  • Previous Sale Document Type: 36

    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 Ionia

Stats & Trends

Median Asking:

$260,000

Sale Price/ft²

$171

Below Asking

0.02%

Average Days on Market

51

Average Home Size

1988 ft²

Average Home Age

58.2 years

Currently For Sale

89 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: Aaron K Fox, CENTURY 21 AFFILIATED
Last Updated: 6 months ago
Data Source: MichRIC, MLS# 23018716
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 5161 Ainsworth Road built and last sold?
The property at 5161 Ainsworth Road was built in 1999 and last sold on Aug 24, 2023 for $340,212.
How much is this home worth?
The estimated value of the home located at 5161 Ainsworth Road is $0.
What are some comparable homes to 5161 Ainsworth Road?
There are currently no comparable homes to 5161 Ainsworth Road.
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