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Forest Hills 49301
540 Bailey Meadows Drive NE
$425,000
● Land - Off Market

540 Bailey Meadows Drive NE

Ada, MI 49301
bedrooms
Studio
bathrooms
0 Bath
$2,808
Est. Monthly
2.70%
Cap Rate

About This Property

Discover the potential of this expansive land property at 540 Bailey Meadows, Ada, MI. Nestled in a serene setting, this parcel offers ample space for your vision to come to life. Surrounded by natural beauty, it's an excellent opportunity to build your dream home within the highly-rated Forest Hills School District. Enjoy the tranquility of rural living while still being conveniently located near local amenities. Don't miss your chance to own a piece of this picturesque landscape.This unique property is ready for your vision with a barn including three horse stalls. You'll also find concrete flooring in the storage area, workshop, and garage, and a new roof as of 2015. A natural gas connection is available on-site, making your building plans even easier.
Unit Size
-
Days on Market
35 days
Land Size
6.16 acres
Price per sqft
-
Property Type
Land
Property Taxes
$750
HOA Dues
-
Year Built
-

Payment Calculator

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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: 2 years ago (MichRIC MLS #25043259)

Price History

Date / Event Date Event Price
Sep 29, 2025 Sold
Premium
Sold
Sep 4, 2025 In contract -
In contract
Aug 25, 2025 Listed by Beycome Brokerage Realty LLC $419,000
Listed by Beycome Brokerage Realty LLC
Oct 7, 2015 Sold
Premium
Sold
Feb 25, 2013 Sold
Premium
Sold
Show More

Property Highlights

Building Info

Overview

    General

  • Building Count: 3
  • Bedroom Count: 0
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 268,330
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: A
  • Land Acres: 0000006160
  • Standard Land Use Code: 7000
  • County Land Use Code: 101
  • Legal Description 1: 411524300079 PART OF SW 1/4 COM 419.70 FT N 2D 27M 43S E ALONG E SEC LINE & 520.0 FT S 89D 51M 20S W & 80.30 FT N 2D 27M 43S

Neighborhood

  • School District Name: Forest Hills Public Schools
  • School Tax School District: FOREST HILLS
  • Census Tract: 011901

Zoning

  • Zoning: RP-1

Geography

  • District: 11
  • Parcel: 41-15-24-300-079
  • Meridian: SEC 24 TWN 07N RNG 10W
  • Municipality: ADA TWP
  • Latitude: 42.9746
  • Longitude: -85.4436

    Address

  • Full Address: 540 Bailey Mdws Ne
  • Address - House Number: 540
  • Street Segment Direction: NE
  • Address - Street Name: Bailey
  • Address - Suffix Type: Mdws
  • State: MI
  • City Name: Ada
  • Carrier Code: R005
  • 4-Digit Zip Code: 9662
  • Zip Code: 49301

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $153,851
  • Tax Rate Code Area: 11

    Market Valuation

  • Market Total Value: $308,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $154,100

    Sales

  • Current Sale Contract Date: Oct 01, 2015
  • Current Sale Recording Date: Oct 07, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20151007-0088680
  • Previous Sale Recording Date: Feb 25, 2013
  • Previous Sale Contract Date: Jan 25, 2013
  • Previous Sale Amount: $125,000
  • Previous Sale Document Type: 71

    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 Forest Hills

Stats & Trends

Median Asking:

$624,000

Sale Price/ft²

$230

Below Asking

0.02%

Average Days on Market

43

Average Home Size

3608 ft²

Average Home Age

34.2 years

Currently For Sale

48 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: Steven Koleno, Beycome Brokerage Realty LLC
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25043259
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 540 Bailey Meadows Drive Northeast built and last sold?
The property at 540 Bailey Meadows Drive Northeast was built in and last sold on Oct 1, 2015 for $140,000.
How much is this home worth?
The estimated value of the home located at 540 Bailey Meadows Drive Northeast is $423,190.
What are some comparable homes to 540 Bailey Meadows Drive Northeast?
There are currently no comparable homes to 540 Bailey Meadows Drive Northeast.
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