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Eaton 48813
5536 Otto Rd Road
$281,000
● House - Off Market

5536 Otto Rd Road

Charlotte, MI 48813
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,993 Ft²
$270,353
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

** Multiple Offers - H&B due 5/3 at 10 AM **

Charming farm house nestled on 5.5 acres. Home features 3 bedrooms and 2 full baths. Main floor master. Spacious loft area that could be converted to a home office or designated play area for the kids. Two open/covered porches and a nice size 3 season room. Detached, full 2 plus car garage. Vinyl siding. Brand new hot water heater; new HVAC system in 2015. All new plumbing and electrical (400 AMP in home and sub panel in garage). B-Dry waterproof system. Reach out today to schedule a showing!
Unit Size
1,993 Ft²
Days on Market
-
Land Size
5.50 acres
Price per sqft
$135
Property Type
House
Property Taxes
$226
HOA Dues
-
Year Built
-

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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 #23013334)

Price History

Date / Event Date Event Price
Jun 14, 2023 Sold
Premium
Sold
Apr 29, 2023 Listed by BNR Real Estate Group $269,900
Listed by BNR Real Estate Group
Nov 7, 2016 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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 Count: 175
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,230
  • Garage Type: 7
  • Garage Square Area: 768
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 241,758
  • Total Building Area: 2,274
  • Building Area: 2,274
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,274
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000005550
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: COM W 1/4 COR SEC 16 FOR POB; N 284 FT; S89?36' 16"E 852 FT; S 284 FT; N89?36'16"W 852 FT TO POB. SUBJ TO ALL EASEMENTS & RESTRICTIONS IF ANY. SEC 16, T3N,R4W, BENTON TWP. 9-23-04 (ADJUSTMENT OF OLD LOT)

Neighborhood

  • School District Name: Charlotte Public Schools
  • School Tax School District: 23030
  • Census Tract: 020602

Zoning

  • Zoning: LA

Geography

  • District: 70
  • Section: 16
  • Parcel: 070 016 100 051 01
  • Meridian: SEC 16 TWN 03N RNG 04W
  • Municipality: BENTON TWP
  • Latitude: 42.6479
  • Longitude: -84.7974

    Address

  • Full Address: 5536 Otto Rd
  • Address - House Number: 5536
  • Address - Street Name: Otto
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Charlotte
  • Carrier Code: R001
  • 4-Digit Zip Code: 9732
  • Zip Code: 48813

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $110,693

    Appraisal Valuation

  • Standard Deviation: 0.1575
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 285,368
  • High Value: 330,318
  • Low Value: 240,419

    Market Valuation

  • Market Total Value: $230,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $115,300

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 01, 2023
  • Current Sale Recording Date: Jun 14, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Nov 07, 2016
  • Previous Sale Contract Date: Nov 03, 2016
  • Previous Sale Amount: $173,900
  • 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 Eaton

Stats & Trends

Median Asking:

$249,900

Sale Price/ft²

$150

Below Asking

0.02%

Average Days on Market

49

Average Home Size

2145 ft²

Average Home Age

66.8 years

Currently For Sale

32 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: Jordon Jarrett, BNR Real Estate Group
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 23013334
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 5536 Otto Road built and last sold?
The property at 5536 Otto Road was built in and last sold on Jun 1, 2023 for $281,000.
How much is this home worth?
The estimated value of the home located at 5536 Otto Road is $276,825.
What are some comparable homes to 5536 Otto Road?
There are currently no comparable homes to 5536 Otto Road.
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