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Temperance 48182
8730 Lewis Avenue
$115,000
● House - Off Market

8730 Lewis Avenue

Temperance, MI 48182
bedrooms
2 Beds
bathrooms
1 Bath
square feet
768 Ft²
$699
Est. Monthly
7.40%
Cap Rate

About This Property

This is a 2 bedroom, 1 bath home with 2 car detached garage.  New roof, new hot water heater.  This property is eligible under Freddie Mac First Look Initiative through 10-24-2024. Seller is open to concessions during negotiations. Concessions cannot exceed actual closing costs.
Unit Size
768 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$156
Property Type
House
Property Taxes
$110
HOA Dues
-
Year Built
1919

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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 #24050539)

Price History

Date / Event Date Event Price
Feb 3, 2025 Sold
Premium
Sold
Dec 20, 2024 In contract -
In contract
Dec 17, 2024 Price Decreased $119,900
↓ $10K (7.7%)
Price Decreased
Nov 15, 2024 Price Decreased $129,900
↓ $10K (7.2%)
Price Decreased
Sep 24, 2024 Listed by Century 21 Affiliated $139,900
Listed by Century 21 Affiliated
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1919
  • Effective Year Built: 1919
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 10
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 624
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,890
  • Lot Size Depth Feet: 1,830
  • Lot Size Frontage Feet: 550
  • Total Building Area: 768
  • Building Area: 768
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 768
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000250
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: SEC 23 T8S R7E .25 ACRE COM @ A PT ON C/L OF LEWIS AVE 820 FT N 0D 36M W FR SW COR OF NW 1/4 OF SD SEC TH N 0D 36M W 55 FT TH

Neighborhood

  • School District Name: Bedford Public Schools
  • School Tax School District: BEDFORD
  • Census Tract: 833500

Zoning

  • Zoning: C-1

Geography

  • District: 02
  • Parcel: 02-023-044-00
  • Meridian: SEC 23 TWN 08S RNG 07E
  • Municipality: BEDFORD TWP
  • Latitude: 41.7745
  • Longitude: -83.5683

    Address

  • Full Address: 8730 Lewis Ave
  • Address - House Number: 8730
  • Address - Street Name: Lewis
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Temperance
  • Carrier Code: R007
  • 4-Digit Zip Code: 9380
  • Zip Code: 48182

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $96,292
  • Tax Rate Code Area: 02

    Appraisal Valuation

  • Standard Deviation: 0.1808
  • Valuation Date: Oct 04, 2023
  • Confidence Score: 76
  • Final Value: 132,271
  • High Value: 156,188
  • Low Value: 108,354

    Market Valuation

  • Market Total Value: $81,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $40,600

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 14, 2023
  • Current Sale Recording Date: Sep 20, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 64
  • Current Sale Input Document Number: 13997
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 Temperance

Stats & Trends

Median Asking:

$355,000

Sale Price/ft²

$172

Below Asking

0.02%

Average Days on Market

45

Average Home Size

1938 ft²

Average Home Age

42.2 years

Currently For Sale

0 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: Randall Brookshire, Century 21 Affiliated
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24050539
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 8730 Lewis Avenue built and last sold?
The property at 8730 Lewis Avenue was built in 1919 and last sold on Sep 14, 2023 for $70,363.
How much is this home worth?
The estimated value of the home located at 8730 Lewis Avenue is $121,099.
What are some comparable homes to 8730 Lewis Avenue?
There are currently no comparable homes to 8730 Lewis Avenue.
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