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Washtenaw 48197
7562 Berwick Drive
$337,000
● House - Off Market

7562 Berwick Drive

Ypsilanti, MI 48197
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,286 Ft²
$1,920
Est. Monthly
$39
HOA / Fees
6.62%
Cap Rate

About This Property

Welcome to your dream home in the sought after Green Farms subdivision!!! This charming 3 bed, 2 bath residence has undergone a stunning transformation with fresh paint, new flooring, and updated HVAC system. Step inside to discover a bright and inviting living space perfect for relaxing or entertaining guests. The spacious light-filled kitchen boasts ample storage and counter space making meal prep a breeze. Retreat to the spacious master suite with a private bath for ultimate comfort. Enjoy the lush greenery of the surrounding neighborhood from your backyard oasis. Easy access to the major highways, downtown Ann Arbor, as well as both Michigan Medicine and St Joes. Don't miss this opportunity to own a beautifully renovated home in a desirable location!
Unit Size
1,286 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$233
Property Type
House
Property Taxes
$407
HOA Dues
$39
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 #24034541)

Price History

Date / Event Date Event Price
Jul 30, 2024 Sold
Premium
Sold
Jul 16, 2024 In contract -
In contract
Jul 8, 2024 Listed by Keller Williams Ann Arbor $300,000
Listed by Keller Williams Ann Arbor
Nov 20, 2002 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,260
  • Garage Type: 7
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 8
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,276
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,260
  • Building Area: 1,260
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,260
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GREEN FARMS SUB
  • Land Acres: 0000000190
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: PARENT PARCELS K 11-33-400-036, K 11-33-300-004. LOCATED IN YPSILANTI TWP,WASHTENAW CTY, MI SEC 33. T3S, R7E LOT 198, GREEN

Neighborhood

  • School District Name: Lincoln Consolidated School District
  • School Tax School District: LINCOLN
  • Census Tract: 413402

Geography

  • District: K
  • Parcel: K -11-33-304-198
  • Block: 304
  • Lot: 198
  • Meridian: SEC 03 TWN 03S RNG 07E
  • Municipality: YPSILANTI TWP
  • Latitude: 42.1792
  • Longitude: -83.6181

    Address

  • Full Address: 7562 Berwick Dr
  • Address - House Number: 7562
  • Address - Street Name: Berwick
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Ypsilanti
  • Carrier Code: R026
  • 4-Digit Zip Code: 2945
  • Zip Code: 48197

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: K

    Appraisal Valuation

  • Standard Deviation: 0.1703
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 78
  • Final Value: 289,800
  • High Value: 339,168
  • Low Value: 240,432

    Market Valuation

  • Market Total Value: $245,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $122,700

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 26, 2002
  • Current Sale Recording Date: Nov 20, 2002
  • Current Sale Price:
    Premium
  • Current 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 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: Kevin Daum, Keller Williams Ann Arbor
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24034541
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 7562 Berwick Drive built and last sold?
The property at 7562 Berwick Drive was built in 2002 and last sold on Sep 26, 2002 for $152,000.
How much is this home worth?
The estimated value of the home located at 7562 Berwick Drive is $0.
What are some comparable homes to 7562 Berwick Drive?
There are currently no comparable homes to 7562 Berwick Drive.
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