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Stockbridge 49285
518 Cherry Street
$172,000
● House - Off Market

518 Cherry Street

Stockbridge, MI 49285
bedrooms
2 Beds
bathrooms
1 Bath
square feet
2,162 Ft²
$1,165
Est. Monthly
6.03%
Cap Rate

About This Property

518 Cherry Street is set on a quiet street nestled in the west side of Stockbridge on a .40 of an acre lot. This home is .8 of a mile from the Jr. High/High school, .6 of a mile from the elementary schools, .6 of a mile from the Teen Center, and one block from the Senior center. This is a perfect starter home or to right size to with multiple living rooms, wood burning brick fireplace, and a first-floor primary bedroom with 2 closets and plenty of space to relax in. Showings begin Saturday 12:00pm. Open Saturday 12-2pm Open Sunday 2-4pm
Unit Size
2,162 Ft²
Days on Market
-
Land Size
0.40 acres
Price per sqft
$83
Property Type
House
Property Taxes
$281
HOA Dues
-
Year Built
1900

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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 #24007819)

Price History

Date / Event Date Event Price
Apr 19, 2024 Sold
Premium
Sold
Feb 15, 2024 Listed by Howard Hanna $180,000
Listed by Howard Hanna

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 8
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 150
  • Floor Cover: 6
  • Basement Type: 9
  • Basement Area: 714
  • Garage Type: 7
  • Garage Square Area: 624
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 8
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,424
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 1,320
  • Total Building Area: 1,501
  • Gross Building Area: 1,501
  • Building Area: 1,501
  • Building Area Measurement: T

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,501
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MCARTHUR S ADD
  • Land Acres: 0000000400
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: (SV 412) LOTS 3 & 4, BLOCK 7 MCARTHUR'S ADDITION VILLAGE OF STOCKBRIDGE

Neighborhood

  • School District Name: Stockbridge Community Schools
  • School Tax School District: 33200
  • Census Tract: 006002

Geography

  • District: 42-16
  • Parcel: 33-42-16-27-280-003
  • Block: 7
  • Lot: 3-4
  • Municipality: STOCKBRIDGE TWP
  • Latitude: 42.447
  • Longitude: -84.1827

    Address

  • Full Address: 518 Cherry St
  • Legal Unit: 1
  • Address - House Number: 518
  • Address - Street Name: Cherry
  • Address - Suffix Type: St
  • State: MI
  • City Name: Stockbridge
  • Carrier Code: R004
  • 4-Digit Zip Code: 9575
  • Zip Code: 49285

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $309,865

    Appraisal Valuation

  • Standard Deviation: 0.2416
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 66
  • Final Value: 200,218
  • High Value: 248,595
  • Low Value: 151,840

    Market Valuation

  • Market Total Value: $150,400
  • Market Land Value: $35,000
  • Market Improvement Value: $115,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $75,200
  • Assessed Land Value: $17,500
  • Assessed Improvements Value: $57,700
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 Stockbridge

Stats & Trends

Median Asking:

$192,400

Sale Price/ft²

$153

Below Asking

0.03%

Average Days on Market

62

Average Home Size

2608 ft²

Average Home Age

21 years

Currently For Sale

1 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

Unit for rent at 839 S Clinton St, MI, 49285

$815 /mo

  • 1 Bed
  • 1 Bath
839 S Clinton St, MI, 49285 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Greg Uihlein, Howard Hanna
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24007819
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 518 Cherry Street built and last sold?
The property at 518 Cherry Street was built in 1900 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 518 Cherry Street is $0.
What are some comparable homes to 518 Cherry Street?
There are currently no comparable homes to 518 Cherry Street.
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