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Lenawee 49220
8170 Round Lake Highway
$138,000
● House - Off Market

8170 Round Lake Highway

Manitou Beach, MI 49253
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,428 Ft²
$924
Est. Monthly
12.08%
Cap Rate

About This Property

Great Location!  Over 2+acres of wooded land located close to Devils and Round Lake!  Secluded setting for this 3 bedroom, 2 bath manufactured ranch home. Nice open floor plan, with spacious living room, dining room, and a family room, galley kitchen.  This property has a 30 x 40 Pole Building with electric and heat plus a New roof in 2023. This property is also zoned C-3.   It can be used as a commercial property or kept as residential home.
Unit Size
1,428 Ft²
Days on Market
-
Land Size
2.18 acres
Price per sqft
$119
Property Type
House
Property Taxes
$90
HOA Dues
-
Year Built
1995

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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 #24017570)

Price History

Date / Event Date Event Price
Jul 11, 2024 Sold
Premium
Sold
Jun 13, 2024 In contract -
In contract
Apr 13, 2024 Listed by RE/MAX IRISH HILLS REALTY $169,900
Listed by RE/MAX IRISH HILLS REALTY

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 8
  • Construction Type: 0
  • Building Style: 17
  • 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: 7
  • Garage Square Area: 1,200
  • Parking Space Count: 5
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 94,874
  • Total Building Area: 1,428
  • Building Area: 1,428
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 6
  • Heating: 4
  • Heated Square Feet: 1,428
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002178
  • Standard Land Use Code: 1016
  • County Land Use Code: 401
  • Legal Description 1: LD DES AS COMM AT THE S1/4 COR OF SEC 26 T5S R1E TH N02^12'00"W ALG THE N-S 1/4 LI OF SD SEC A DIST OF 610.33 FT (REC 611.58 FT) TO THE CNTRLI OF US HWY 223 (100 FT WD) TH CONT N02^12'00"W ALG SD N-S 1/4 LI A DIST OF 298.22 FT TO THE POB TH N81^54'46

Neighborhood

  • School District Name: Addison Community Schools
  • School Tax School District: SCH: 46020
  • Census Tract: 060401

Geography

  • District: WD0
  • Parcel: WD0-126-3810-00
  • Meridian: SEC 26 TWN 05S RNG 01E
  • Municipality: WOODSTOCK TWP
  • Latitude: 42.004
  • Longitude: -84.2768

    Address

  • Full Address: 8170 Round Lake Hwy
  • Address - House Number: 8170
  • Address - Street Name: Round Lake
  • Address - Suffix Type: Hwy
  • State: MI
  • City Name: Manitou Beach
  • Carrier Code: R001
  • 4-Digit Zip Code: 9779
  • Zip Code: 49253

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $102,685

    Appraisal Valuation

  • Standard Deviation: 0.232
  • Valuation Date: Dec 07, 2022
  • Confidence Score: 67
  • Final Value: 206,332
  • High Value: 254,219
  • Low Value: 158,445

    Market Valuation

  • Market Total Value: $133,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $66,900
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: PENNY NOREIKA, RE/MAX IRISH HILLS REALTY
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24017570
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 8170 Round Lake Highway built and last sold?
The property at 8170 Round Lake Highway was built in 1995 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 8170 Round Lake Highway is $0.
What are some comparable homes to 8170 Round Lake Highway?
There are currently no comparable homes to 8170 Round Lake Highway.
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