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Washtenaw 48105
5960 Cherry Hill Road
$196,000
● Land - Off Market

5960 Cherry Hill Road

Ann Arbor, MI 48105
bedrooms
Studio
bathrooms
0 Bath
$335,577
RealtyHop Estimate
68.63%
Since Nov 1, 2016
National-US
Primary Model

About This Property

Building site in Ann Arbor Schools with frontage on small lake.  The well and septic systems are already installed and ready for you to build.  Bring your builder for your perfect home.
Unit Size
-
Days on Market
-
Land Size
3.15 acres
Price per sqft
-
Property Type
Land
Property Taxes
$129
HOA Dues
-
Year Built
2017

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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 #22236)

Price History

Date / Event Date Event Price
Oct 18, 2016 Sold
Premium
Sold
Aug 5, 2015 Listed by Real Estate One $199,000
Listed by Real Estate One
Sep 27, 2011 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 2017
  • Effective Year Built: 2017
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 25
  • Exterior Walls Type: 23
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 2,355
  • Parking Type: 1
  • Garage Type: 7
  • Garage Square Area: 864
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 8
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 137,214
  • Lot Size Frontage Feet: 0
  • Total Building Area: 4,065
  • Building Area: 4,065
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 4,065
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000003150
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: ASSR REQUEST ****FROM 1019100015 12/06/96 SU 19-1A-1C PARCEL C COM AT NE CORSEC 19, TH N 88-38-54 W 200.00 FT ALNG N LN SEC

Neighborhood

  • School District Name: Ann Arbor Public Schools
  • School Tax School District: ANN ARBOR
  • Census Tract: 407000

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: MAP J-4
  • District: J
  • Parcel: J -10-19-100-021
  • Block: 100
  • Meridian: SEC 01 TWN 02S RNG 07E
  • Municipality: SUPERIOR TWP
  • Latitude: 42.3026
  • Longitude: -83.645

    Address

  • Full Address: 5960 Cherry Hill Rd
  • Address - House Number: 5960
  • Address - Street Name: Cherry Hill
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Ann Arbor
  • Carrier Code: R017
  • 4-Digit Zip Code: 0800
  • Zip Code: 48105

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,427,711
  • Tax Rate Code Area: J

    Appraisal Valuation

  • Standard Deviation: 0.14
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 83
  • Final Value: 890,353
  • High Value: 1,015,067
  • Low Value: 765,639

    Market Valuation

  • Market Total Value: $751,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $375,500

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 05, 2016
  • Current Sale Recording Date: Oct 18, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6341431
  • Previous Sale Recording Date: Sep 27, 2011
  • Previous Sale Contract Date: Jun 14, 2011
  • Previous Sale Amount: $50,000
  • 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 Washtenaw

Stats & Trends

Median Asking:

$449,900

Sale Price/ft²

$230

Below Asking

0.02%

Average Days on Market

48

Average Home Size

2064 ft²

Average Home Age

57.8 years

Currently For Sale

671 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: Wayne Esch, Real Estate One
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 22236
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 5960 Cherry Hill Road built and last sold?
The property at 5960 Cherry Hill Road was built in 2017 and last sold on Oct 5, 2016 for $196,000.
How much is this home worth?
The estimated value of the home located at 5960 Cherry Hill Road is $200,990.
What are some comparable homes to 5960 Cherry Hill Road?
There are currently no comparable homes to 5960 Cherry Hill Road.
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