3 months on rocket

4802 Mayville Rd, Silverwood, MI, 48760

$443,000

Home List Price

$5,261*

Closing Credit

4 Full Baths
4,000 SqFt
$111/SqFt
Multi

Location

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4802 Mayville Rd, Silverwood$443,000

Buyer Closing Credits

$5,261*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1972
HeatingBaseboard, Hot Water, Propane
MLS #20240072241
Lot Size2.75 Acres
StatusActive

About 4802 Mayville Rd

Welcome to your perfect investment opportunity! Nestled down a quiet private country road, this 4-unit apartment building offers tranquility and space on 2.75 picturesque acres. Each spacious unit features 3 bedrooms and 1 bathroom, making it ideal for tenants seeking a peaceful, countryside lifestyle. Three of the four units have been extensively renovated within the last five years. The property includes a shared laundry facility equipped with coin-operated machines, adding convenience for tenants and additional income for the owner. With tenants responsible for their own electric, and the owner covering propane heating (powered by a new boiler installed in the last five years), this low-maintenance property is a prime investment for both new and seasoned investors. All tenants have month-to-month leases, providing flexibility and adjustable income potential for new owners. Don’t miss out on this rare opportunity to own a serene, income-generating property in a peaceful rural setting. If you’ve ever dreamed of becoming an investor, now is your chance! This is an agent owned property.

Property Details

Property Features

Property Information:

  • Architectural Style: Quadruplex
  • Year Built: 1972
  • Living Area: 4,000 SqFt

Listing Office:

  • Office Name: Sunshine Real Estate Co
  • Office Phone: (989) 843-0588
  • Listing Agent: Sarah Buhl

Interior Features

Interior Information:

  • Basement: No

Bedroom and Bathroom Information:

  • Full Bathrooms: 4

Exterior Features

Parking Information:

  • Attached Garage: No

Lot Features

Lot Information:

  • Lot Size: 2.75 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Hot Water, Propane

Other

Directions Information:

  • Directions: This home sits towards the end of a short private dirt drive called Deering Rd. Although the address is Mayville Rd. Deering drive is east of Maple Grove on Mayville Rd.

Price Information

Listing Price Info

Price Summary:

  • List Price: $443,000
  • Price Per SqFt: $111/SqFt

Tax Information:

  • Annual Amount: $2,748
  • Tax Year: 2020
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MLS Details

MLS Information:

  • MLS Name: Realcomp II Ltd
  • MLS Number: #20240072241

Listing Office:

  • Office Name: Sunshine Real Estate Co
  • Office Phone: (989) 843-0588
  • Listing Agent: Sarah Buhl

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/2/2025, 10:21:05 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 25, 2019Home Sold
$124,500
Mar 25, 2019Home Sold
$79,500

Tax History

YEARPROP. TAXASSESSMENT
2020$2,748$83,400
2019$2,619$76,300
2018$2,514$66,500
2017$2,497$64,900

History based on county public records data.

Payment Calculator

$2,278

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,395

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-92392
7
/10

  • Kingston Elementary School

  • 3644 Ross St

  • 5.32 miles

  • Public District Grades PK-6

school-card-donut-92393
5
/10

  • Mayville Elementary School

  • 106 Orchard St

  • 6.03 miles

  • Public District Grades PK-5

school-card-donut-92394
7
/10

  • North Branch Elementary School

  • 4055 Elm Creek Rd

  • 8.20 miles

  • Public District Grades PK-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $45,568. Most Lapeer County, MI residents have annual incomes between $35k-100k. The most common type of family is married, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Lapeer County›Silverwood›48760›4802 Mayville Rd

This home is located at 4802 Mayville Rd in Silverwood, MI and zip code 48760. This 4,000 square foot home, which was built in 1972, sits on a 2.75 acre lot. Features: 4 bathrooms. It has been listed on Rocket Homes since September 25, 2024 and is currently priced at $443,000.

Over 5 listings were sold over their listed price in December 2024 in Lapeer County, MI. In the same period over 32 listings were sold below the listed price and 15 listings were sold for the listed price. The number of listings in Lapeer County, MI decreased by 9.7% between November 2024 and December 2024. While the average time on the market in December 2024 was 53 days, the median list price was $280,222.

From Rocket Homes Real Estate and based on county public records data.

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