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Washtenaw 48197
8061 Valleyview Drive
$308,000
● House - Off Market

8061 Valleyview Drive

Ypsilanti, MI 48197
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,486 Ft²
$1,861
Est. Monthly
9.26%
Cap Rate

About This Property

Highest and best offers due by 11am on 3/25/25. This charming 3-bedroom, 1.5-bathroom home is a perfect blend of comfort and convenience. Featuring a spacious living room with a cozy fireplace, it offers a welcoming atmosphere for relaxation. The partially finished basement can provide extra space for a family room, exercise room or playroom. Step outside to enjoy the large deck, ideal for entertaining, and a fully fenced-in backyard perfect for pets or outdoor activities. Located near the serene Ford Lake and beautiful parks, you'll enjoy nature's beauty just moments away. Don't miss out on this lovely home in a desirable location!
Unit Size
1,486 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$201
Property Type
House
Property Taxes
$392
HOA Dues
-
Year Built
1989

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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: 2 years ago (MichRIC MLS #25010993)

Price History

Date / Event Date Event Price
Apr 23, 2025 Sold
Premium
Sold
Mar 26, 2025 In contract -
In contract
Mar 21, 2025 Listed by Real Estate One $299,000
Listed by Real Estate One
Aug 2, 2017 Sold
Premium
Sold
May 2, 2017 Listed by Real Estate One $187,000
Listed by Real Estate One
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • 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: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 611
  • Garage Type: 7
  • Garage Square Area: 399
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 8
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,583
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,186
  • Building Area: 1,186
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,186
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FORD LAKE HEIGHTS SUBDIVISION
  • Land Acres: 0000000220
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: YP174-140 LOT 140 FORD LAKE HEIGHTS SUBDIVISION #2

Neighborhood

  • School District Name: Lincoln Consolidated School District
  • School Tax School District: LINCOLN
  • Census Tract: 412700

Zoning

  • Zoning: RI

Geography

  • District: K
  • Parcel: K -11-21-181-140
  • Block: 181
  • Lot: 140
  • Meridian: SEC 21 TWN 3S RNG 7E
  • Municipality: YPSILANTI TWP
  • Latitude: 42.2124
  • Longitude: -83.6001

    Address

  • Full Address: 8061 Valleyview Dr
  • Address - House Number: 8061
  • Address - Street Name: Valleyview
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Ypsilanti
  • Carrier Code: R012
  • 4-Digit Zip Code: 8359
  • Zip Code: 48197

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $256,157
  • Tax Rate Code Area: K

    Appraisal Valuation

  • Standard Deviation: 0.1972
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 73
  • Final Value: 275,384
  • High Value: 329,692
  • Low Value: 221,075

    Market Valuation

  • Market Total Value: $221,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $110,600

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 21, 2017
  • Current Sale Recording Date: Aug 02, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6384382
  • Previous Sale Recording Date: Nov 04, 2013
  • Previous Sale Contract Date: Oct 25, 2013
  • Previous Sale Amount: $137,000
  • 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 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

Unit for rent at 209 Buffalo Street, Ypsilanti, MI, 48197

$2,850 /mo

  • 4 Beds
  • 2 Baths
  • 1,944 ft²
209 Buffalo Street, Ypsilanti, MI, 48197 Listing by Stewart Beal

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Aleksandr Milshteyn, Real Estate One
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25010993
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 8061 Valleyview Drive built and last sold?
The property at 8061 Valleyview Drive was built in 1989 and last sold on Jul 21, 2017 for $187,100.
How much is this home worth?
The estimated value of the home located at 8061 Valleyview Drive is $0.
What are some comparable homes to 8061 Valleyview Drive?
There are currently no comparable homes to 8061 Valleyview Drive.
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