616 Island Lake Rd
Chelsea, MI 48118
3 bd 4 ba 2,358 sqft Built 1940 Lot 17,424 sqft single_family
Most recent sale
$505,000
Nov 23, 2021
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Nov 23, 2021 | Sold | $505,000 | MLS #3282501 |
| Sep 20, 1996 | Sold | $80,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2021 | — | — | $191,500 | $1,490 |
| 2020 | — | — | $196,100 | $5,836 |
| 2019 | — | — | $195,600 | $1,452 |
| 2018 | — | — | $176,400 | $3,767 |
| 2017 | — | — | $187,800 | $4,906 |
| 2016 | — | — | $161,500 | $1,389 |
| 2015 | — | — | $161,200 | $4,683 |
| 2014 | — | — | $146,100 | $4,548 |
Property facts
Year built
1940
Property type
single_family
Stories
—
Beds
3
Baths
4
Living area
2,358 sqft
Lot size
17,424 sqft
ZIP code
48118
City
Chelsea
Street
Island Lake Rd
Coordinates
42.37891, -84.04470
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$3,537
Gross rental yield
8.40%
Implied cap rate
5.46%
Trend-extrapolated value
—
Frequently asked questions
When did 616 Island Lake Rd last sell?
616 Island Lake Rd most recently sold on Nov 23, 2021 for $505,000.
What is the current tax assessment for 616 Island Lake Rd?
The most recent total assessment for 616 Island Lake Rd (year 2021) is $191,500 with $1,490 in property tax.
How does 616 Island Lake Rd's assessment compare to its last sale price?
The current assessment is 62.1% below the last sale price of $505,000.
When was 616 Island Lake Rd built?
616 Island Lake Rd was built in 1940.
How does 616 Island Lake Rd compare to others on Island Lake Rd?
We track 8 other properties on Island Lake Rd. Browse the list under "Other properties on Island Lake Rd" to compare beds, baths, and sale history.
What are the property facts for 616 Island Lake Rd?
616 Island Lake Rd is a 3 bed, 4 bath, 2,358 sqft, 17,424 sqft lot single_family.
Is 616 Island Lake Rd a flip candidate?
No — 616 Island Lake Rd does not appear in our flips dataset.
Is 616 Island Lake Rd a tax-appeal candidate?
No — 616 Island Lake Rd is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+1.8%
Implied 1-yr
+7.1%
2026 Q2
$404.2K
2026 Q3
$410.7K
ZIP 48118 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Island Lake Rd