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    Of Pontiac Trl Walled Lake, MI 48390

    Sponsored
    For Sale
    $359,000

    1.12 Acres, Multi-Family Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1.12-acre vacant land parcel presents a unique investment opportunity in the desirable Walled Lake, Michigan area. Located between East Walled Lake Drive and East Northport, just west of Hillcroft Drive in downtown Walled Lake, this property boasts RM-1 Multi-Family Residential zoning, allowing for the development of single-family or multi-family dwellings. The lot's prime location offers convenient access to local amenities and attractions. With a price of $359,000, this translates to approximately $320,535 per acre, reflecting the high demand for land in this sought-after area. The property's APN is 1734428011. A recorded easement to Walled Lake for the Hill Croft Subdivision provides additional value and potential for future development. This is an ideal site for builders or investors seeking to capitalize on the strong residential market in Oakland County. The property's address is East Walled Lake Drive, east of Pontiac Trail, Walled Lake, MI 48390. Its coordinates are latitude 42.5315845 and longitude -83.4835716. Don't miss this chance to acquire a prime piece of land in a thriving community.

    Property Features for 0 Of Pontiac Trl

    General Information

    Property type
    Land
    Lot Size
    48,787 SF

    HighLights

    • $359,000 asking price for 1.12 acres of land.
    • Located in Walled Lake, Oakland County, Michigan (48390).
    • RM‑1 Multi‑Family Residential zoning.
    • Land value: $320,535 per acre.
    • APN: 1734428011.
    • Situated between East Walled Lake Drive and East Northport, west of Hillcroft Drive in downtown Walled Lake.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Walled Lake
    County
    Oakland
    State
    Michigan
    Longitude
    -83.4835716
    Latitude
    42.5315845

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    FAQs

    What type of property is this?
    Land - 1.12 Acres, Multi-Family Zoning
    Where is this land located?
    The property is located at Of Pontiac Trl Walled Lake, MI.
    What is the asking price?
    The asking price for this property is $359,000.
    What are key features of this property?
    This property features: $359,000 asking price for 1.12 acres of land.; Located in Walled Lake, Oakland County, Michigan (48390).; RM-1 Multi-Family Residential zoning.
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    Of Pontiac Trl Walled Lake, MI 48390
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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
    Of Pontiac Trl Walled Lake, MI 48390
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