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    Hobarth Rd New Baltimore, MI 48047

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    For Sale
    $495,000

    15 acre site with sewer and water available.

    Lot size:
    15.00 Acres

    Property Features for Hobarth Rd

    General Information

    Lot size
    15.00 Acres
    Source: Elliman

    Listing Agent: Boyd C. Kraft

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    15 Acre Development Opportunity

    This 15-acre site presents an excellent development opportunity. Sewer and water services are available and located nearby. Additional land is also available. The location is suitable for building a dream home, and a school is located nearby.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    New Baltimore
    County
    Macomb
    State
    Michigan
    Longitude
    -82.747904
    Latitude
    42.706662

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    FAQs

    What type of property is this?
    Land - 15 acre site with sewer and water available.
    Where is this land located?
    The property is located at Hobarth Rd New Baltimore, MI.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: - 15 Acre Site; - Sewer & Water Available and Nearby; - Excellent Development Opportunity
    (586) 243-3488
    Request Owner's contact information
    Hobarth Rd New Baltimore, MI 48047
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    New Baltimore, MI 48047
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    Realmo Value Estimation

    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.

    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.

    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
    Hobarth Rd New Baltimore, MI 48047
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