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    Updated Corner-Unit Condo Home Title is generated by Realmo AI

    33799 BAYVIEW, Chesterfield, MI 48047

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    Claim this Listing
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    For Sale
    $182,900

    Farm, Colonial - Chesterfield, MI

    Type:Farm
    Property size:
    1,023 SF
    Price / SF:
    $178/SF
    Added:
    Jun 1, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 4 at 8:06 am

    Property Features for 33799 BAYVIEW

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Zoning
    Residential
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Laundry, Living Room
    Patio and Porch features
    Porch, Deck
    Interior features
    Window Treatment(s)
    Exterior features
    Deck, Porch
    Basement Y/N
    1
    Appliances
    Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
    Standard status
    Active
    APN
    0923326141
    Size
    1,023 SF

    Taxes and HOA fees

    Expense value
    212.36999511719
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Monthly

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1978
    Floors in Building
    2
    Flooring type
    Vinyl
    Architectural style
    Colonial

    We can help!

    Listing Contact
    Deborah Matic

    Listing agent Deborah Matic License #6501423872

    Listing office RE/MAX Advisors 34350 23 Mile Rd, New Baltimore, MI

    Listing date Jun 1, 2026

    MLS# 50209651 Listing URL

    Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 3‑bedroom, 1.5‑bath corner‑unit condo with over 1,000 SF of living space and an end‑unit layout
    • Renovated kitchen with granite countertops and newer stainless steel appliances (Dishwasher, Microwave, Range, Refrigerator)
    • Both bathrooms updated with new vanities, toilets, and flooring
    • Partially finished basement with added flex space plus laundry area
    • Major 2024 mechanical updates: new furnace, central air, and hot water tank
    • HOA includes water; features include central air, forced‑air heat, vinyl flooring, and a porch and wood deck

    Overview

    This updated corner-unit condo offers 3 bedrooms and 1.5 bathrooms with 1,023 square feet of comfortable living space. The home features a freshly painted interior, updated lighting throughout, and a renovated kitchen with granite countertops, newer stainless-steel appliances, and modern finishes. Both bathrooms have been tastefully updated with new vanities, toilets, and flooring. A partially finished basement adds flexible space for a family room, home office, workout area, or extra storage.

    Set for privacy, the end unit is tucked among mature trees and includes a spacious wood deck that’s well suited for relaxing or entertaining. Major mechanical updates provide added peace of mind, including a new furnace, central air conditioning, and hot water tank installed in 2024. The HOA includes water, adding ongoing convenience.

    With its move-in-ready condition, thoughtful interior updates, and practical indoor-outdoor setup, this property should appeal to owner-occupants looking for a turn-key home and investors seeking a well-maintained condo with recent mechanical improvements. The corner placement and wooded surroundings further enhance everyday livability.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $18.8k $18.36
    − Vacancy −$1.3k −$1.29
    EGI $17.5k $17.07
    − OpEx −$7.9k −$7.68
    NOI $9.6k $9.39
    1,023 SF · lease $18.36/SF/yr · vacancy 7.00% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $137.2K
    $120.1K – $160.1K (±1% cap)
    NOI $9,607 @ 7.0% cap · market cap 5.25%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Specialty Retail
    $191.5K
    $167.6K – $223.5K (±1% cap)
    NOI $13,407 @ 7.0% cap · market cap 7.33%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chesterfield
    County
    Macomb
    State
    Michigan
    Longitude
    -82.770676
    Latitude
    42.664375

    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Single family property - Move-in-ready end unit with a renovated kitchen, private wood deck, and 2024 major mechanical updates.
    Where is this single family property located?
    The property is located at 33799 BAYVIEW Chesterfield, MI.
    What is the asking price?
    The asking price for this property is $182,900.
    What are key features of this property?
    This property features: 3‑bedroom, 1.5‑bath corner‑unit condo with over 1,000 SF of living space and an end‑unit layout; Renovated kitchen with granite countertops and newer stainless steel appliances (Dishwasher, Microwave, Range, Refrigerator); Both bathrooms updated with new vanities, toilets, and flooring
    (586) 339-0296
    We can help!
    Listing Contact
    Deborah Matic
    Real Estate License ID: 6501423872
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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