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Lenawee 49265
5570 GILBERT HWY
$810,000
● House - Off Market

5570 GILBERT HWY

Adrian, MI 49221
bedrooms
7 Beds
bathrooms
7 Baths, 1 Half Bath
square feet
11,582 Ft²
$1,507,710
RealtyHop Estimate
77.59%
Since Aug 1, 2015
National-US
Primary Model

About This Property

Make this dream home your reality. Craftsmanship at is finest, coffered ceilings in library and formal dining, radial staircases, hardwood, vaulted ceilings on all 3 levels!  Luxurious master suite boasts a wet bar, fireplace, balcony, spa shower, garden tub, stone sinks, walk-in closet.  Chef's kitchen has sub zero and wolf appliances, granite, walk-in pantry.  Outdoor kitchen has granite, sink, fireplace, TV hook up & pond. Must see!
Unit Size
11,582 Ft²
Days on Market
-
Land Size
10.00 acres
Price per sqft
$73
Property Type
House
Property Taxes
$602
HOA Dues
-
Year Built
2002

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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 #21061814)

Price History

Date / Event Date Event Price
Jul 6, 2015 Sold
Premium
Sold
Apr 10, 2015 Listed by BNR Real Estate Group $849,000
Listed by BNR Real Estate Group
Oct 28, 2008 Sold
Premium
Sold
Jul 18, 2008 Sold
Premium
Sold

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Bedroom Count: 0
  • Bathroom Count: 7
  • Full Bathrooms: 6
  • Partial Bathrooms: 7
  • Building Condition: 0
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 600
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 3,631
  • Garage Type: 7
  • Garage Square Area: 1,568
  • Parking Space Count: 6
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 436,036
  • Total Building Area: 9,116
  • Building Area: 9,116
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 9,116
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000010010
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LD DES AS BEG ON THE E LI OF SEC 11 T6S R2E 1576.70 FT S FROM NE COR OF SD SEC TH S 358.90 FT CONT ALG E LI OF SD SEC TH

Neighborhood

  • School District Name: Onsted Community Schools
  • School Tax School District: SCH: 46110
  • Census Tract: 060500

Geography

  • District: RM0
  • Parcel: RM0-111-2750-00
  • Meridian: SEC 11 TWN 06S RNG 02E
  • Municipality: ROME TWP
  • Latitude: 41.968
  • Longitude: -84.1523

    Address

  • Full Address: 5570 Gilbert Hwy
  • Address - House Number: 5570
  • Address - Street Name: Gilbert
  • Address - Suffix Type: Hwy
  • State: MI
  • City Name: Adrian
  • Carrier Code: R007
  • 4-Digit Zip Code: 9529
  • Zip Code: 49221

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $501,085

    Appraisal Valuation

  • Standard Deviation: 0.1391
  • Valuation Date: Jul 14, 2022
  • Confidence Score: 72
  • Final Value: 911,899
  • High Value: 1,038,767
  • Low Value: 785,030

    Market Valuation

  • Market Total Value: $1,161,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $580,900

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 21, 2008
  • Current Sale Recording Date: Oct 28, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jul 18, 2008
  • Previous Sale Contract Date: Jul 18, 2008
  • Previous Sale Amount: $21,000
  • Previous Sale Document Type: 55

    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 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: Katherine Smarch, BNR Real Estate Group
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21061814
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 5570 Gilbert Highway built and last sold?
The property at 5570 Gilbert Highway was built in 2002 and last sold on Oct 21, 2008 for $575,000.
How much is this home worth?
The estimated value of the home located at 5570 Gilbert Highway is $0.
What are some comparable homes to 5570 Gilbert Highway?
There are currently no comparable homes to 5570 Gilbert Highway.
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