38840 Lancaster Dr
Farmington Hills, MI 48331
3 bd 3 ba 1,765 sqft Built 1986 Lot 10,019 sqft single_family
Most recent sale
$418,500
May 25, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 25, 2022 | Sold | $418,500 | MLS #50071125 |
| Apr 19, 2022 | Listed | $399,900 | MLS #50071125 |
| Feb 7, 2018 | Sold | $305,000 | MLS #3251048 |
| Sep 18, 2017 | Sold | $305,000 | Public Record |
| Aug 31, 2017 | Sold | $305,000 | MichRic |
| Aug 4, 2017 | Listing removed | $289,900 | Realcomp |
| Jul 29, 2017 | Listed | $289,900 | MLS #217066955 |
| Oct 16, 2001 | Sold | $275,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2023 | — | — | $181,880 | $7,235 |
| 2022 | — | — | $163,450 | $5,909 |
| 2021 | — | — | $153,170 | $5,593 |
| 2020 | — | — | $147,250 | $5,967 |
| 2019 | — | — | $147,250 | $5,887 |
| 2018 | — | — | $135,610 | $5,480 |
| 2017 | — | — | $129,240 | $4,097 |
| 2016 | — | — | $125,990 | $3,860 |
| 2015 | — | — | $121,140 | $3,890 |
| 2014 | — | — | $99,830 | $3,689 |
| 2013 | — | — | $91,610 | $3,572 |
| 2012 | — | — | $90,920 | $3,504 |
| 2011 | — | — | $90,410 | $3,295 |
| 2010 | — | — | $94,390 | $3,361 |
| 2009 | — | — | $114,740 | $4,002 |
| 2008 | — | — | $132,020 | $4,321 |
| 2007 | — | — | $149,430 | $4,906 |
Property facts
Year built
1986
Property type
single_family
Stories
1
Beds
3
Baths
3
Living area
1,765 sqft
Lot size
10,019 sqft
ZIP code
48331
City
Farmington Hills
Street
Lancaster Dr
Coordinates
42.51741, -83.43274
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,648
Gross rental yield
7.59%
Implied cap rate
4.94%
Trend-extrapolated value
—
Frequently asked questions
When did 38840 Lancaster Dr last sell?
38840 Lancaster Dr most recently sold on May 25, 2022 for $418,500.
What is the current tax assessment for 38840 Lancaster Dr?
The most recent total assessment for 38840 Lancaster Dr (year 2023) is $181,880 with $7,235 in property tax.
How does 38840 Lancaster Dr's assessment compare to its last sale price?
The current assessment is 56.5% below the last sale price of $418,500.
When was 38840 Lancaster Dr built?
38840 Lancaster Dr was built in 1986.
How does 38840 Lancaster Dr compare to others on Lancaster Dr?
We track 8 other properties on Lancaster Dr. Browse the list under "Other properties on Lancaster Dr" to compare beds, baths, and sale history.
What are the property facts for 38840 Lancaster Dr?
38840 Lancaster Dr is a 3 bed, 3 bath, 1,765 sqft, 10,019 sqft lot single_family.
Is 38840 Lancaster Dr a flip candidate?
No — 38840 Lancaster Dr does not appear in our flips dataset.
Is 38840 Lancaster Dr a tax-appeal candidate?
No — 38840 Lancaster Dr is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+1.3%
Implied 1-yr
+5.1%
2026 Q2
$473.3K
2026 Q3
$478.9K
ZIP 48331 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Lancaster Dr