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Hillsdale
6240 Lake Road
$224,900
● House - Off Market

6240 Lake Road

Osseo, MI 49266
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,760 Ft²
$1,192
Est. Monthly
7.81%
Cap Rate

About This Property

Welcome to Bird Lake in Osseo! Having a home on a lake is like living on a dream! Summer is just around the corner, and there is no better time to own your slice of paradise than now! This beautiful home is just steps away from the water! It has an open concept floor plan with a large kitchen with lots of cabinetry, a large deck, a finished basement with still adequate space for storage of all of your lake toys. There may be an option to purchase this home furnished. Schedule your tour today!
Unit Size
1,760 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$128
Property Type
House
Property Taxes
$87
HOA Dues
-
Year Built
-

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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 #24017239)

Price History

Date / Event Date Event Price
Jun 3, 2024 Sold
Premium
Sold
Apr 11, 2024 Listed by Key Realty One LLC $224,900
Listed by Key Realty One LLC

Property Highlights

Building Info

Overview

    General

  • Total Rooms: 4
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,160
  • Garage Type: 7
  • Garage Square Area: 1,152
  • Parking Space Count: 4
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,288
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 1,180
  • Total Building Area: 1,160
  • Gross Building Area: 1,160
  • Building Area: 1,160
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,160
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SHADYSIDE PARK
  • Land Acres: 0000000328
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 62, 63 & 64 SHADYSIDE PARK SEC 27 T7S R2W

Neighborhood

  • School District Name: Pittsford Area Schools
  • Census Tract: 051000

Geography

  • District: 12
  • Parcel: 12-165-001-039
  • Lot: 62,63
  • Meridian: SEC 27 TWN 07S RNG 02W
  • Municipality: JEFFERSON TWP
  • Latitude: 41.8258
  • Longitude: -84.5295

    Address

  • Full Address: 6240 Lake Rd
  • Address - House Number: 6240
  • Address - Street Name: Lake
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Osseo
  • Zip Code: 49266

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $27,804

    Appraisal Valuation

  • Standard Deviation: 0.1444
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 71
  • Final Value: 92,330
  • High Value: 105,662
  • Low Value: 78,997

    Market Valuation

  • Market Total Value: $157,356
  • Market Land Value: $9,247
  • Market Improvement Value: $148,109

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $80,500

    Sales

  • Current Sale Contract Date: Feb 18, 2000
  • Current Sale Recording Date: Feb 18, 2000
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Dec 01, 1998
  • Previous Sale Contract Date: Dec 01, 1998
  • Previous Sale Document Type: 27
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 Hillsdale

Stats & Trends

Median Asking:

$249,900

Sale Price/ft²

$150

Below Asking

0.02%

Average Days on Market

61

Average Home Size

1895 ft²

Average Home Age

88.4 years

Currently For Sale

107 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: Julie K Childers, Key Realty One LLC
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24017239
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 6240 Lake Road built and last sold?
The property at 6240 Lake Road was built in and last sold on Feb 18, 2000 for $0.
How much is this home worth?
The estimated value of the home located at 6240 Lake Road is $0.
What are some comparable homes to 6240 Lake Road?
There are currently no comparable homes to 6240 Lake Road.
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