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Oakland 48367
561 W Leonard Road
$790,000
● Land - Off Market

561 W Leonard Road

Leonard, MI 48367
bedrooms
Studio
bathrooms
0 Bath
$5,099
Est. Monthly

About This Property

THREE small houses included with this 77.23 acres in northern Oakland County, MI.  Houses are in need of some repair.  The land has been used for a pasture for decades so it's mostly grasses and trees with a couple small ponds.

PolyAnn Trail runs across the back (south) side of the property.  Beautiful land for hunting, recreation, building your new home, etc.

Everything is being sold AS IS.  Contact me today and make your appointment to see
Unit Size
-
Days on Market
24 days
Land Size
77.23 acres
Price per sqft
-
Property Type
Land
Property Taxes
$684
HOA Dues
-
Year Built
1957

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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: 9 months ago (MichRIC MLS #26003886)

Price History

Date / Event Date Event Price
Feb 27, 2026 Sold
Premium
Sold
Feb 3, 2026 Listed by Michigan Whitetail Properties $899,000
Listed by Michigan Whitetail Properties

Property Highlights

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 3
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 0
  • Floor Count: 125
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 1,182
  • Garage Type: 7
  • Garage Square Area: 1,095
  • Parking Space Count: 4
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,713,788
  • Total Building Area: 4,070
  • Gross Building Area: 4,070
  • Building Area: 4,070
  • Building Area Measurement: T

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 6
  • Heating: 1
  • Heated Square Feet: 1,615
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: A
  • Land Acres: 0000062300
  • Standard Land Use Code: 7000
  • County Land Use Code: 101
  • Legal Description 1: T5N, R11E, SEC 10 THAT PART OF E 1/2 OF SW 1/4LYING N OF GT RR R/W 63.27 AA151

Neighborhood

  • School District Name: Oxford Area Community Schools
  • School Tax School District: 63110
  • Census Tract: 120300

Zoning

  • Zoning: SELECTCODE

Geography

  • District: A
  • Parcel: A -05-10-326-001
  • Meridian: SEC 10 TWN 05N RNG 11E
  • Municipality: ADDISON TWP
  • Latitude: 42.8643
  • Longitude: -83.1536

    Address

  • Full Address: 561 W Leonard Rd
  • Address - House Number: 561
  • Street Direction: W
  • Address - Street Name: Leonard
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Leonard
  • Carrier Code: R062
  • 4-Digit Zip Code: 1725
  • Zip Code: 48367

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $736,667

    Market Valuation

  • Market Total Value: $923,220

    Assessments Valuation

  • Assessed Year: 2019
  • Assessed Total Value: $461,610
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 Oakland

Stats & Trends

Median Asking:

$365,900

Sale Price/ft²

$192

Below Asking

0.02%

Average Days on Market

50

Average Home Size

2272 ft²

Average Home Age

52.7 years

Currently For Sale

266 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: Jerry Slade, Michigan Whitetail Properties
Last Updated: 9 months ago
Data Source: MichRIC, MLS# 26003886
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 561 West Leonard Road built and last sold?
The property at 561 West Leonard Road was built in 1957 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 561 West Leonard Road is $0.
What are some comparable homes to 561 West Leonard Road?
There are currently no comparable homes to 561 West Leonard Road.
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