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Washtenaw 48130
8120 Gingko Way
$400,000
● House - Off Market

8120 Gingko Way

Dexter, MI 48130
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,052 Ft²
$2,497
Est. Monthly
$125
HOA / Fees
5.29%
Cap Rate

About This Property

Great home in Thornton Farms Subdivision and Dexter Schools. Community features include sewer, water, and a pool. This spacious Ludington model offers a 2-car attached garage and full basement. The first floor boasts a large kitchen with a newer backsplash, a center island, a pantry, and an eating area open to a welcoming family room. Also on this level are a powder room and a versatile flex room. Upstairs features 3 BR, including a primary suite with a walk-in closet and private bath, plus a study loft, laundry, and full bath. The basement has an egress window and is ready to finish. The home includes all appliances, a washer, dryer and is landscaped with a sprinkler system. List price reflects the need to update flooring. Be sure to check out the 3D virtual tour!
Unit Size
2,052 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$192
Property Type
House
Property Taxes
$442
HOA Dues
$125
Year Built
2010

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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 #24032324)

Price History

Date / Event Date Event Price
Aug 9, 2024 Sold
Premium
Sold
Jul 1, 2024 In contract -
In contract
Jun 23, 2024 Listed by The Charles Reinhart Company $393,000
Listed by The Charles Reinhart Company
Nov 4, 2015 Sold
Premium
Sold
Jul 17, 2015 Listed by The Charles Reinhart Company $225,000
Listed by The Charles Reinhart Company

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2010
  • Effective Year Built: 2010
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 29
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 816
  • Garage Type: 7
  • Garage Square Area: 420
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 8
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,490
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 650
  • Total Building Area: 2,052
  • Building Area: 2,052
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,052
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THORNTON FARMS CONDOMINIUM
  • Land Acres: 0000000149
  • Standard Land Use Code: 1004
  • County Land Use Code: 401
  • Legal Description 1: MD L4568 P657 SIXTH AMENDMENTUNIT 305, THORNTON FARMS CONDOMINIUMSSPLIT ON 07/13/2006 FROM G -07-24-400-005;

Neighborhood

  • School District Name: Dexter Community School District
  • School Tax School District: DEXTER
  • Census Tract: 448000

Zoning

  • Zoning: AG-1

Geography

  • Assessors Map Reference: MAP 555
  • District: G
  • Parcel: G -07-24-401-305
  • Block: 401
  • Meridian: SEC 24 TWN 2S RNG 4E
  • Municipality: LIMA TWP
  • Latitude: 42.2873
  • Longitude: -83.8985

    Address

  • Full Address: 8120 Gingko Way
  • Legal Unit: 305
  • Address - House Number: 8120
  • Address - Street Name: Gingko
  • Address - Suffix Type: Way
  • State: MI
  • City Name: Dexter
  • Carrier Code: R001
  • 4-Digit Zip Code: 8437
  • Zip Code: 48130

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $155,123
  • Tax Rate Code Area: G-07

    Appraisal Valuation

  • Standard Deviation: 0.1647
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 79
  • Final Value: 392,706
  • High Value: 457,399
  • Low Value: 328,013

    Market Valuation

  • Market Total Value: $336,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $168,300

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 22, 2015
  • Current Sale Recording Date: Nov 04, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6289678
  • Previous Sale Recording Date: Jul 21, 2010
  • Previous Sale Contract Date: Jun 17, 2010
  • Previous Sale Document Type: 71
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:

$445,000

Sale Price/ft²

$230

Below Asking

0.01%

Average Days on Market

47

Average Home Size

2330 ft²

Average Home Age

56 years

Currently For Sale

652 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

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Currently no similar homes around

Nearby Rentals

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MichRIC

Listed by: Tammi Ebenhoeh, The Charles Reinhart Company
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24032324
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 8120 Gingko Way built and last sold?
The property at 8120 Gingko Way was built in 2010 and last sold on Oct 22, 2015 for $223,000.
How much is this home worth?
The estimated value of the home located at 8120 Gingko Way is $0.
What are some comparable homes to 8120 Gingko Way?
There are currently no comparable homes to 8120 Gingko Way.
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