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Branch 49028
757 Gilead Lake Road
$179,000
● House - Off Market

757 Gilead Lake Road

Bronson, MI 49028
bedrooms
5 Beds
bathrooms
2 Baths
square feet
1,348 Ft²
$933
Est. Monthly
18.75%
Cap Rate

About This Property

Discover the epitome of country living in this stately 2-story home, featuring 4-5 bedrooms and 2 full baths on an expansive 1.60-acre parcel. With replacement windows throughout, revel in natural light and energy efficiency. A newer furnace guarantees warmth, while the modern kitchen/dining area boasts custom cabinets for stylish functionality. A recently renovated bathroom and a recently sealed/painted roof add a touch of contemporary luxury.

Embrace the tranquility of the countryside from your doorstep, knowing an on-demand whole house generator ensures peace of mind in any weather. This residence harmonizes modern amenities with classic charm, creating the ideal space for family and friends. Seize the opportunity to own this slice of pastoral paradise.
Unit Size
1,348 Ft²
Days on Market
-
Land Size
1.06 acres
Price per sqft
$133
Property Type
House
Property Taxes
$53
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 #23135664)

Price History

Date / Event Date Event Price
Feb 13, 2024 Sold
Premium
Sold
Sep 21, 2023 Listed by Michael Auction & Realty Service LLC $179,000
Listed by Michael Auction & Realty Service LLC
Aug 7, 2012 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 46,174
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001060
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: BEG S 01DEG 04MIN 56SEC W 380.50 FT FR W 1/4 POST TH N 88DEG 39MIN 20SEC E 219FT TH S 01DEG 21MIN 05SEC E 207.76 FT TH S

Neighborhood

  • School District Name: Bronson Community School District
  • School Tax School District: BRONSON
  • Census Tract: 951100

Geography

  • District: 140
  • Parcel: 140-005-300-005-01
  • Meridian: SEC 05 TWN 08S RNG 07W
  • Municipality: GILEAD TWP
  • Latitude: 41.8023
  • Longitude: -85.155

    Address

  • Full Address: 757 Gilead Lake Rd
  • Address - House Number: 757
  • Address - Street Name: Gilead Lake
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Bronson
  • Carrier Code: R004
  • 4-Digit Zip Code: 9215
  • Zip Code: 49028

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $25,194
  • Tax Rate Code Area: 140

    Appraisal Valuation

  • Standard Deviation: 0.4637
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 7
  • Final Value: 120,875
  • High Value: 176,935
  • Low Value: 64,814

    Market Valuation

  • Market Total Value: $109,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $54,600

    Sales

  • Current Sale Contract Date: Feb 13, 2024
  • Current Sale Recording Date: Feb 13, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 625
  • Previous Sale Recording Date: Aug 07, 2012
  • Previous Sale Contract Date: Jul 20, 2012
  • Previous Sale Amount: $827
  • Previous Sale Document Type: 58
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 Branch

Stats & Trends

Median Asking:

$249,900

Sale Price/ft²

$164

Below Asking

0.03%

Average Days on Market

60

Average Home Size

2018 ft²

Average Home Age

63.4 years

Currently For Sale

116 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: John Michael, Michael Auction & Realty Service LLC
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 23135664
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 757 Gilead Lake Road built and last sold?
The property at 757 Gilead Lake Road was built in and last sold on Feb 13, 2024 for $179,000.
How much is this home worth?
The estimated value of the home located at 757 Gilead Lake Road is $0.
What are some comparable homes to 757 Gilead Lake Road?
There are currently no comparable homes to 757 Gilead Lake Road.
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