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Lenawee 49265
8400 M 50
$416,000
● House - Off Market

8400 M 50

Onsted, MI 49265
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,541 Ft²
$2,524
Est. Monthly
9.78%
Cap Rate

About This Property

Opportunity is knocking! This ranch style home may need some tlc but will be magnificent when its updated! It offers over 24 acres, a 40x120 (huge) 2-story pole barn, a 2nd outbuilding, 4 bedrooms with primary ensuite, metal roof, daylight basement with walk out, over 3500 combined sq ft of living space in home, trees, water, wild life, artesian well and so much more. It is on a paved road and conveniently located just 50 minutes to Ann Arbor and 30 minutes to Jackson. It is priced to sell so schedule your private tour today!,   Primary Bath
Unit Size
3,541 Ft²
Days on Market
-
Land Size
24.54 acres
Price per sqft
$124
Property Type
House
Property Taxes
$363
HOA Dues
-
Year Built
1959

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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 #23129764)

Price History

Date / Event Date Event Price
Dec 20, 2023 Sold
Premium
Sold
Oct 25, 2023 Listed by Key Realty One LLC $440,000
Listed by Key Realty One LLC
Apr 23, 1996 Sold
Premium
Sold

Property Highlights

Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,866
  • Garage Type: 7
  • Garage Square Area: 750
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,068,962
  • Total Building Area: 2,141
  • Building Area: 2,141
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 6
  • Heating: 4
  • Heated Square Feet: 2,141
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000024540
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: THAT PART OF NE 1/4 LYING N OF HWY M 50 EXCEPT THE E 828.4 FT ALSO EXCEPT 1/2 ACRE FOR CEMETERY ALSO EXCEPT THAT PART COMM IN CTR OF HWY M 50 AT A PT 828.4 FT W AND 1313 FT N FROM E 1/4 POST SEC 23 RUNN TH N ALG CTR OF HWY 352.35 FT TH N 25 DEG 12' E

Neighborhood

  • School District Name: Onsted Community Schools
  • School Tax School District: SCH: 46110
  • Census Tract: 060302

Zoning

  • Zoning: RE

Geography

  • District: CA0
  • Section: 23
  • Parcel: CA0-123-2050-00
  • Municipality: CAMBRIDGE TWP
  • Latitude: 42.0284
  • Longitude: -84.1572

    Address

  • Full Address: 8400 M 50
  • Address - House Number: 8400
  • Address - Street Name: M 50
  • State: MI
  • City Name: Onsted
  • Carrier Code: R002
  • 4-Digit Zip Code: 9612
  • Zip Code: 49265

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $435,906

    Appraisal Valuation

  • Standard Deviation: 0.1078
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 89
  • Final Value: 420,630
  • High Value: 465,992
  • Low Value: 375,268

    Market Valuation

  • Market Total Value: $348,400

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $174,200

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 23, 1996
  • Current Sale Recording Date: Apr 23, 1996
  • Current Sale Price:
    Premium
  • Current 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 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

Unit for rent at 9919 Sand Lake Highway, Onsted, MI, 49265

$2,100 /mo

  • 3 Beds
  • 2 Baths
  • 1,932 ft²
9919 Sand Lake Highway, Onsted, MI, 49265 Listing by JENIFER SCANLON

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Julie K Childers, Key Realty One LLC
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 23129764
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 8400 M 50 built and last sold?
The property at 8400 M 50 was built in 1959 and last sold on Apr 23, 1996 for $233,500.
How much is this home worth?
The estimated value of the home located at 8400 M 50 is $0.
What are some comparable homes to 8400 M 50?
There are currently no comparable homes to 8400 M 50.
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