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4606 Mohawk Trl
Score
71
Gladwin, MI

4606 Mohawk Trl

220K
2 bd • 1 ba • 768 sf

This analysis was generated on 3/19/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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List Price

$219,957

Price/Sq.Ft

$286

Year Built

2002

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Metal Roof: Durable and long-lasting roofing material, adding approximately $5,000 in value. • Outdoor Space: Patio area provides outdoor living space, adding approximately $3,000 in value. • Metal Roof • Stainless Steel Appliances • Outdoor Patio • Price Position: At $286.40 per square foot, this property is significantly more expensive than the median price per square foot in 48624 ($155), suggesting it may be overpriced relative to its size. • Appreciation Trend: Homes in 48624 have sold for 11.6% more than they did a year ago, indicating a strong appreciation trend. However, this property's extended time on market suggests it may not be keeping pace with the overall market. • Negotiation Opportunity: The property has been on the market for 106 days, which is significantly longer than the average in a seller's market, suggesting potential pricing issues or condition concerns. • Rental Income: $1,500/month with 75% occupancy (0.1% cap rate) • Schools: Lower school ratings (especially 4/10 for middle and high school) may slightly detract from property values compared to areas with higher-rated schools. Buyers with children may prioritize locations with better school options. • Future Development: The property description mentions the potential to build a pole barn or garage with an additional bathroom, suggesting possible future development on the property. The property adjoins 100's of acres of state land. • The layout is functional, with an open living area and separate bedrooms. Space utilization is adequate, but could be improved with some reconfiguring.
Metal Roof

Metal Roof

Durable and long-lasting roofing material, adding approximately $5,000 in value.

Outdoor Space

Outdoor Space

Patio area provides outdoor living space, adding approximately $3,000 in value.

The Bad

• Kitchen Update (MEDIUM priority): $8,000 • Bathroom Updates (MEDIUM priority): $5,000 • Flooring Replacement in Bedrooms (LOW priority): $2,000 • Special assessment district for the dams poses a financial risk and uncertainty regarding future costs. • Dependence on Secord Lake levels for waterfrontage and recreational value creates vulnerability to environmental factors. • Moderate fire risk necessitates careful insurance planning and property maintenance.

The Ugly

No critical issues identified
Overgrown Waterway

Overgrown Waterway

The vegetation in the waterway appears overgrown and unmanaged, potentially leading to drainage issues and reduced property value.

Visible Septic Tank Access

Visible Septic Tank Access

The septic tank access points are visible in the yard, which can be unsightly and potentially impact property value.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

Rental Property Investors: Potential annual revenue of $18,000 with 75% occupancy rate Value Investors: Projected 11.4% appreciation potential in moderate scenario Renovation-Minded Buyers: Estimated $15,000 in strategic upgrades could significantly increase property value

Not For

No specific buyer categories to avoid identified
Demographics
Area Median Income

$0

Property History

Price History
Ownership Timeline

Property Taxes

$2,842
2024 Tax Assessment
0.0%from previous year
Assessed Value$127,900
Tax Rate2.22%

Sunlight Analysis

Visualize how sunlight affects this property throughout the day and year.

Sunlight Analysis

Data provided by Shadowmap

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Schools

Nearby school quality by education level

Elementary

6.0/10
Good

High

4.0/10
Average

Financials

Monthly Costs
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Location & Comparables

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Comparable Sales
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