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Washtenaw 48130
8658 Magnolia
$155,000
● House - Off Market

8658 Magnolia

Dexter, MI 48130
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,335 Ft²
$364,351
RealtyHop Estimate
120.82%
Since May 1, 2011
National-US
Primary Model

About This Property

Lots Of Square Feet For The Money! Newer Home In Thornton Farms. Petosky Floor Plan Which Features Formal Living Rm, Family Rm W/Fp And Opens Into The Eat In Area Connected To The Kitchen. Upstairs 4 Bedrooms Plus Loft Area & 2 Full Baths Including Mstr Ste W/Double Sink & Walk In Closet. Full Basement Plumbed For A Bath. 2 Car Attached Garage And Private Backyard. Community Pool, Clubhouse & Playground. Low Lima Twp Taxes. Easy Communte To 94, Aa And Downtown Dexter.,   Primary Bath
Unit Size
2,335 Ft²
Days on Market
283 days
Land Size
-
Price per sqft
$71
Property Type
House
Property Taxes
$193
HOA Dues
$48
Year Built
2006

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 2 years ago (MichRIC MLS #3006802)

Price History

Date / Event Date Event Price
Jul 26, 2021 Sold
Premium
Sold
Apr 22, 2021 Sold
Premium
Sold
Mar 11, 2021 Listed by Real Estate One $319,900
Listed by Real Estate One
Jul 29, 2020 Sold
Premium
Sold
May 18, 2020 Listed by Real Estate One $314,900
Listed by Real Estate One
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Bedroom Count: 4
  • 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: 680
  • Garage Type: 7
  • Garage Square Area: 400
  • 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: 2,050
  • Building Area: 2,050
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 6
  • Heating: 14
  • Heated Square Feet: 2,050
  • 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. L4529 P842 FIRST AMENDMENTUNIT 144, THORNTON FARMS CONDOMINIUMSPLIT ON 12/29/2005 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 -07-24-401-144
  • Block: 401
  • Meridian: SEC 24 TWN 2S RNG 4E
  • Municipality: LIMA TWP
  • Latitude: 42.2855
  • Longitude: -83.9035

    Address

  • Full Address: 8658 Magnolia Way
  • Legal Unit: 144
  • Address - House Number: 8658
  • Address - Street Name: Magnolia
  • Address - Suffix Type: Way
  • State: MI
  • City Name: Dexter
  • Carrier Code: R012
  • 4-Digit Zip Code: 9106
  • Zip Code: 48130

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $157,416
  • Tax Rate Code Area: G-07

    Appraisal Valuation

  • Standard Deviation: 0.1647
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 79
  • Final Value: 392,824
  • High Value: 457,551
  • Low Value: 328,098

    Market Valuation

  • Market Total Value: $307,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $153,800

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 09, 2021
  • Current Sale Recording Date: Jul 26, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6603901
  • Previous Sale Recording Date: Jul 29, 2020
  • Previous Sale Contract Date: Jul 21, 2020
  • Previous Sale Amount: $305,000
  • 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: Cynthia Glahn, Real Estate One
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 3006802
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 8658 Magnolia Way built and last sold?
The property at 8658 Magnolia Way was built in 2006 and last sold on Jul 9, 2021 for $331,000.
How much is this home worth?
The estimated value of the home located at 8658 Magnolia Way is $331,696.
What are some comparable homes to 8658 Magnolia Way?
There are currently no comparable homes to 8658 Magnolia Way.
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