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Lenawee 49265
7965 WADDING DR
$114,000
● Land - Off Market

7965 WADDING DR

Onsted, MI 49265
bedrooms
Studio
bathrooms
0 Bath
$157,529
RealtyHop Estimate
31.38%
Since Jan 1, 2021
National-US
Primary Model

About This Property

Your new home will be perfect on this beautiful park-like lakefront lot on the popular, private and all-sports Lake Loch Erin. Located in the heart of the Irish Hills and close to shopping and recreation with easy access to highways for easy commute. Your new lake property has 85 feet of lake frontage with sewers and natural gas available at street. All sports Loch Erin is one of the largest lakes in the Irish Hills with 622 acres and mutable parks for your use. Summer 2020 is here and there is still time to break ground on your new lake home. This lot is perfect for WALKOUT design! Call your agent for more information.
Unit Size
-
Days on Market
-
Land Size
0.41 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
$125
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 #21037039)

Price History

Date / Event Date Event Price
Dec 16, 2020 Sold
Premium
Sold
Jun 18, 2020 Listed by RE/MAX IRISH HILLS REALTY $119,900
Listed by RE/MAX IRISH HILLS REALTY

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 10
  • 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: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,006
  • Lot Size Frontage Feet: 850
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 6
  • Heating: 4
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WATERFORD NO 1
  • Land Acres: 0000000413
  • Standard Land Use Code: 1000
  • County Land Use Code: 408
  • Legal Description 1: LOT 190 WATERFORD NO 1.

Neighborhood

  • School District Name: Onsted Community Schools
  • School Tax School District: SCH: 46110
  • Census Tract: 060301

Zoning

  • Zoning: RE

Geography

  • District: CA0
  • Parcel: CA0-730-1900-00
  • Lot: 190
  • Municipality: CAMBRIDGE TWP
  • Latitude: 42.0088
  • Longitude: -84.1528

    Address

  • Full Address: 7965 Wadding Dr
  • Address - House Number: 7965
  • Address - Street Name: Wadding
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Onsted
  • Carrier Code: R004
  • 4-Digit Zip Code: 9626
  • Zip Code: 49265

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $264,858

    Appraisal Valuation

  • Standard Deviation: 0.1116
  • Valuation Date: Jul 14, 2022
  • Confidence Score: 88
  • Final Value: 111,706
  • High Value: 124,179
  • Low Value: 99,233

    Market Valuation

  • Market Total Value: $114,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $57,400

    Sales

  • Current Sale Contract Date: Dec 03, 2020
  • Current Sale Recording Date: Dec 16, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Dec 29, 1988
  • Previous Sale Contract Date: Dec 29, 1988
  • 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 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

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MichRIC

Listed by: SUZIE CREECH, RE/MAX IRISH HILLS REALTY
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21037039
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 7965 Wadding Drive built and last sold?
The property at 7965 Wadding Drive was built in and last sold on Dec 3, 2020 for $114,000.
How much is this home worth?
The estimated value of the home located at 7965 Wadding Drive is $121,099.
What are some comparable homes to 7965 Wadding Drive?
There are currently no comparable homes to 7965 Wadding Drive.
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