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Washtenaw 48130
8242 Cypress Way
$155,000
● House - Off Market

8242 Cypress Way

Dexter, MI 48130
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,769 Ft²
$340,290
RealtyHop Estimate
114.02%
Since Feb 1, 2013
National-US
Primary Model

About This Property

This Bright Home In Thornton Farms Is Ready To Move In! Freshly Painted Throughout. Kitchen Has All Of The Appliances & Redwood Flooring. The Laundry Room Is Conveniently Located On The 2nd Floor Justoutside The Master Suite. An Extra Space Adjacent To The Laundry Could Be A Study Or Reading Area. This Is A Fannie Mae Homepath Property. Purchase This Property For As Little As 3% Down! This Property Is Approved For Homepath Mortgage And Homepath Renovation Mortgage Financing. All Offers Must Be Submitted Online At Www.Homepath.Com,   Primary Bath
Unit Size
1,769 Ft²
Days on Market
-
Land Size
-
Price per sqft
$90
Property Type
House
Property Taxes
$227
HOA Dues
$50
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 #23056802)

Price History

Date / Event Date Event Price
Sep 11, 2020 Sold
Premium
Sold
May 18, 2020 Listed by Howard Hanna $298,000
Listed by Howard Hanna
Jul 18, 2017 Sold
Premium
Sold
Jul 16, 2017 Listed by Howard Hanna $244,000
Listed by Howard Hanna
Jan 11, 2013 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • 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: 675
  • 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: 6,011
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,770
  • Building Area: 1,770
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,770
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THORNTON FARMS CONDOMINIUM
  • Land Acres: 0000000138
  • Standard Land Use Code: 1004
  • County Land Use Code: 401
  • Legal Description 1: M.D. L4474 P989 NEW CONDOUNIT 41, 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 -07-24-401-041
  • Block: 401
  • Meridian: SEC 24 TWN 2S RNG 4E
  • Municipality: LIMA TWP
  • Latitude: 42.2889
  • Longitude: -83.9054

    Address

  • Full Address: 8242 Cypress Way
  • Legal Unit: 41
  • Address - House Number: 8242
  • 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: $148,963
  • Tax Rate Code Area: G-07

    Appraisal Valuation

  • Standard Deviation: 0.1471
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 82
  • Final Value: 373,098
  • High Value: 427,986
  • Low Value: 318,209

    Market Valuation

  • Market Total Value: $290,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $145,300

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 04, 2020
  • Current Sale Recording Date: Sep 11, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6541682
  • Previous Sale Recording Date: Jul 18, 2017
  • Previous Sale Contract Date: Jul 12, 2017
  • Previous Sale Amount: $244,000
  • 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:

$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

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MichRIC

Listed by: Dan J Tashjian, Howard Hanna
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 23056802
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 8242 Cypress Way built and last sold?
The property at 8242 Cypress Way was built in 2006 and last sold on Sep 4, 2020 for $296,500.
How much is this home worth?
The estimated value of the home located at 8242 Cypress Way is $0.
What are some comparable homes to 8242 Cypress Way?
There are currently no comparable homes to 8242 Cypress Way.
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