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Lenawee 49220
9088 Parkhurst Highway
$155,000
● Land - Off Market

9088 Parkhurst Highway

Addison, MI 49220
bedrooms
Studio
bathrooms
0 Bath
$987
Est. Monthly
5.13%
Cap Rate

About This Property

Specular views. Beautiful land in the Heart of the Irish Hills. 22+ Acres. 670 feet of road frontage. This property is currently 2 parcels. 9088 Parkhurst has 3.74 acres with a house that is in need of everything.  An additional 18 +acres will be combined with the 3.74 acres.  Great partially wooded on the back of the property. Perfect for hunting and wildlife galore. There is a garage and shed on the property.  The seller is in the process of having the property cleaned out. Close to all sports Devil's Lake. Pending property line adjustment with survey.
Unit Size
-
Days on Market
-
Land Size
25.74 acres
Price per sqft
-
Property Type
Land
Property Taxes
$127
HOA Dues
-
Year Built
1980

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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: 3 years ago (MichRIC MLS #24006274)

Price History

Date / Event Date Event Price
Mar 12, 2024 Sold
Premium
Sold
Feb 6, 2024 Listed by RE/MAX IRISH HILLS REALTY $175,000
Listed by RE/MAX IRISH HILLS REALTY

Property Highlights

Building Info

Overview

    General

  • Year Built: 1980
  • Effective Year Built: 1980
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 10
  • Construction Type: 0
  • Building Style: 15
  • 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: 384
  • Garage Type: 7
  • Garage Square Area: 432
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 162,914
  • Total Building Area: 1,838
  • Building Area: 1,838
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 6
  • Heating: 4
  • Heated Square Feet: 1,838
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000003740
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LD COMM AT SE COR SEC 22 T5S-R1E RUNN TH W ALG S SEC LI 226.2 FT TH N 2 DEG 55'W 672.08 FT TH N 89 DEG 25'E 260.14 FT TO E LI SEC 22 TH S ALG E LI 670.95 FT TO POB - SEC 22

Neighborhood

  • School District Name: Addison Community Schools
  • School Tax School District: SCH: 46020
  • Census Tract: 060401

Geography

  • District: WD0
  • Section: 22
  • Parcel: WD0-122-4900-00
  • Meridian: SEC 22 TWN 05S RNG 00
  • Municipality: WOODSTOCK TWP
  • Latitude: 42.0171
  • Longitude: -84.2864

    Address

  • Full Address: 9088 Parkhurst Hwy
  • Address - House Number: 9088
  • Address - Street Name: Parkhurst
  • Address - Suffix Type: Hwy
  • State: MI
  • City Name: Addison
  • Carrier Code: R021
  • 4-Digit Zip Code: 9734
  • Zip Code: 49220

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Initial Tax Delinquent Year: 2016

    Appraisal Valuation

  • Standard Deviation: 0.1077
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 89
  • Final Value: 172,250
  • High Value: 190,803
  • Low Value: 153,697

    Market Valuation

  • Market Total Value: $140,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $70,300

    Sales

  • Current Sale Contract Date: Sep 01, 1980
  • Current Sale Recording Date: Sep 01, 1980
  • 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

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MichRIC

Listed by: PENNY NOREIKA, RE/MAX IRISH HILLS REALTY
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24006274
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 9088 Parkhurst Highway built and last sold?
The property at 9088 Parkhurst Highway was built in 1980 and last sold on Sep 1, 1980 for $0.
How much is this home worth?
The estimated value of the home located at 9088 Parkhurst Highway is $176,750.
What are some comparable homes to 9088 Parkhurst Highway?
There are currently no comparable homes to 9088 Parkhurst Highway.
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