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Washtenaw 48130
8234 Cypress Way
$351,000
● House - Off Market

8234 Cypress Way

Dexter, MI 48130
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,400 Ft²
$2,125
Est. Monthly
$125
HOA / Fees
9.06%
Cap Rate

About This Property

Welcome to 8234 Cypress Way in Dexter, Michigan-a delightful three-bedroom, two-bathroom haven showcasing updated features throughout. Recently renovated, primary bathroom offers a luxurious retreat, while the newly landscaped frontage enhances curb appeal. Inside, a sleek kitchen boasts brand-new stainless steel appliances, perfect for culinary endeavors. Nestled in a sought-after neighborhood, this home provides easy access to local amenities, parks, and offers convenient connectivity to Ann Arbor-an ideal blend of suburban tranquility and urban accessibility. Don't miss the chance to make this charming property yours-schedule a showing today and envision yourself enjoying the epitome of modern living in this serene setting.
Unit Size
1,400 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$250
Property Type
House
Property Taxes
$281
HOA Dues
$125
Year Built
2006

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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 #24011622)

Price History

Date / Event Date Event Price
Apr 1, 2024 Sold
Premium
Sold
Mar 11, 2024 Listed by Cornerstone Real Estate $350,000
Listed by Cornerstone Real Estate
Aug 12, 2008 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,400
  • Garage Type: 7
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Lot Size Depth Feet: 1,220
  • Lot Size Frontage Feet: 820
  • Total Building Area: 1,400
  • Building Area: 1,400
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,400
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THORNTON FARMS CONDO-LIMA TOWN
  • Land Acres: 0000000230
  • Standard Land Use Code: 1004
  • County Land Use Code: 401
  • Legal Description 1: M.D. L4474 P989 NEW CONDOUNIT 39, THORNTON FARMS CONDOMINIUMSPLIT ON 07/08/2005 FROM G -07-24-400-002;

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 -07-24-401-039
  • Block: 401
  • Meridian: SEC 24 TWN 2S RNG 4E
  • Municipality: LIMA TWP
  • Latitude: 42.2893
  • Longitude: -83.9051

    Address

  • Full Address: 8234 Cypress Way
  • Legal Unit: 39
  • Address - House Number: 8234
  • Address - Street Name: Cypress
  • Address - Suffix Type: Way
  • State: MI
  • City Name: Dexter
  • Carrier Code: R011
  • 4-Digit Zip Code: 9102
  • Zip Code: 48130

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $102,327
  • Tax Rate Code Area: G-07

    Appraisal Valuation

  • Standard Deviation: 0.0857
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 93
  • Final Value: 351,962
  • High Value: 382,145
  • Low Value: 321,778

    Market Valuation

  • Market Total Value: $310,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $155,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 29, 2024
  • Current Sale Recording Date: Apr 01, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6716466
  • Previous Sale Recording Date: Aug 12, 2008
  • Previous Sale Contract Date: Jul 25, 2008
  • Previous Sale Amount: $156,000
  • 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

Rentals Near You

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MichRIC

Listed by: Donald J Wurtzel, Cornerstone Real Estate
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24011622
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 8234 Cypress Way built and last sold?
The property at 8234 Cypress Way was built in 2006 and last sold on Mar 29, 2024 for $351,000.
How much is this home worth?
The estimated value of the home located at 8234 Cypress Way is $0.
What are some comparable homes to 8234 Cypress Way?
There are currently no comparable homes to 8234 Cypress Way.
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