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Lenawee 49265
5805 Onsted Highway
$270,000
● House - Off Market

5805 Onsted Highway

Onsted, MI 49265
bedrooms
4 Beds
bathrooms
2 Baths
square feet
3,048 Ft²
$1,655
Est. Monthly
14.08%
Cap Rate

About This Property

This home has been lovingly and intentionally maintained, featuring amazing spaces for entertaining as well as functional daily living! There is an attached heated garage as well as a 24x40 heated barn with 30 amp service for an RV, a beautiful wrap around deck and above ground pool! The home is equipped with a generator plug and recent updates include Hvac system and roof in 2023, as well as new siding. Inside you will find all of the functionality a quad level can offer and a beautiful family room addition that will wow your guests! Three bedrooms and a bath are located on the top level, while a fourth bedroom and second bath are below. This home really has it all, and the seller is offering all appliances and immediate occupancy!
Unit Size
3,048 Ft²
Days on Market
-
Land Size
2.00 acres
Price per sqft
$98
Property Type
House
Property Taxes
$182
HOA Dues
-
Year Built
1971

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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 #24060226)

Price History

Date / Event Date Event Price
Dec 13, 2024 Sold
Premium
Sold
Nov 29, 2024 In contract -
In contract
Nov 20, 2024 Listed by HOWARD HANNA REAL ESTATE SERVI $299,900
Listed by HOWARD HANNA REAL ESTATE SERVI
Jan 25, 2011 Sold
Premium
Sold
Feb 9, 2010 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 40
  • 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: 7
  • Garage Square Area: 456
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 87,120
  • Total Building Area: 3,048
  • Building Area: 3,048
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,048
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002000
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LD BEG 560.93 FT S FROM NW COR SEC 10 RUNN TH E 233 FT TH S 373.91 FT TH W 233 FT TH N 373.91 FT TO POB SEC 10

Neighborhood

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

Geography

  • District: RM0
  • Section: 10
  • Parcel: RM0-110-1075-00
  • Municipality: ROME TWP
  • Latitude: 41.9701
  • Longitude: -84.1882

    Address

  • Full Address: 5805 Onsted Hwy
  • Address - House Number: 5805
  • Address - Street Name: Onsted
  • Address - Suffix Type: Hwy
  • State: MI
  • City Name: Onsted
  • Carrier Code: R004
  • 4-Digit Zip Code: 8501
  • Zip Code: 49265

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $85,300

    Appraisal Valuation

  • Standard Deviation: 0.1893
  • Valuation Date: Jul 14, 2022
  • Confidence Score: 75
  • Final Value: 263,719
  • High Value: 313,648
  • Low Value: 213,789

    Market Valuation

  • Market Total Value: $211,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $105,800

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 20, 2011
  • Current Sale Recording Date: Jan 25, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Feb 09, 2010
  • Previous Sale Contract Date: Feb 04, 2010
  • Previous Sale Amount: $189,468
  • Previous Sale Document Type: 64
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: KAYLA DOMINIQUE, HOWARD HANNA REAL ESTATE SERVI
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24060226
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 5805 Onsted Highway built and last sold?
The property at 5805 Onsted Highway was built in 1971 and last sold on Jan 20, 2011 for $102,000.
How much is this home worth?
The estimated value of the home located at 5805 Onsted Highway is $0.
What are some comparable homes to 5805 Onsted Highway?
There are currently no comparable homes to 5805 Onsted Highway.
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