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Washtenaw 48130
8675 Magnolia Way
Photo of 8675 Magnolia Way
Sold on Dec 19, 2018

10

Map

Photo of 8675 Magnolia Way
Photo of 8675 Magnolia Way
$270,000
● House - Off Market

8675 Magnolia Way

Dexter, MI 48130
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,820 Ft²
$410,778
RealtyHop Estimate
52.14%
Since Jan 1, 2019
National-US
Primary Model

About This Property

Newly built Thornton Farms Two Story! This beautiful homes features an open layout that includes; carpeted living room, hardwood floor kitchen with stainless steel appliances, and large kitchen island. Upstairs you have 3 spacious bedrooms, all neutral paint color throughout, and ceiling fans. Bonus 2nd story loft area for study or TV room, and you will LOVE the 2nd story laundry to save on trips up and down the stairs. Basement is ready for your finishing touches and owners installed fenced in the backyard. Thornton Farms is well known for it's welcoming community that includes a pool, playground! Home still within builders warranty period.,   Primary Bath, Rec Room: Space
Unit Size
1,820 Ft²
Days on Market
53 days
Land Size
0.12 acres
Price per sqft
$148
Property Type
House
Property Taxes
$349
HOA Dues
$95
Year Built
2016

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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: 24 days ago (MichRIC MLS #23101829)

Price History

Date / Event Date Event Price
Jan 3, 2019 Sold
Premium
Sold
Oct 26, 2018 Listed by RE/MAX Platinum $270,000
Listed by RE/MAX Platinum
Dec 12, 2016 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 704
  • Garage Type: 7
  • Garage Square Area: 412
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,184
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,820
  • Building Area: 1,820
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,820
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THORNTON FARMS CONDO-LIMA TOWN
  • Land Acres: 0000000119
  • Standard Land Use Code: 1004
  • County Land Use Code: 401
  • Legal Description 1: MD L4568 P657 SIXTH AMENDMENTUNIT 197, THORNTON FARMS CONDOMINIUMSSPLIT ON 07/13/2006 FROM G -07-24-400-005;

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 -07-24-401-197
  • Block: 401
  • Meridian: SEC 24 TWN 2S RNG 4E
  • Municipality: LIMA TWP
  • Latitude: 42.2859
  • Longitude: -83.9014

    Address

  • Full Address: 8675 Magnolia Way
  • Legal Unit: 197
  • Address - House Number: 8675
  • 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: $148,216
  • Tax Rate Code Area: G-07

    Appraisal Valuation

  • Standard Deviation: 0.1794
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 76
  • Final Value: 351,354
  • High Value: 414,389
  • Low Value: 288,319

    Market Valuation

  • Market Total Value: $328,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $164,100

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 14, 2018
  • Current Sale Recording Date: Jan 03, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6453459
  • Previous Sale Recording Date: Dec 12, 2016
  • Previous Sale Contract Date: Nov 07, 2016
  • Previous Sale Amount: $246,030
  • 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

Rentals Near You

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MichRIC

Listed by: Daniel DeCapua, RE/MAX Platinum
Last Updated: 24 days ago
Data Source: MichRIC, MLS# 23101829
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 8675 Magnolia Way built and last sold?
The property at 8675 Magnolia Way was built in 2016 and last sold on Dec 14, 2018 for $270,000.
How much is this home worth?
The estimated value of the home located at 8675 Magnolia Way is $0.
What are some comparable homes to 8675 Magnolia Way?
There are currently no comparable homes to 8675 Magnolia Way.
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