0 Lambs Road
Riley, MI 48041
Unimproved Land · MLS # 20261068012 · Listing courtesy of Real Estate One-Chesterfield
About this home
Room to Build, Grow & Make It Your Own! Here’s your opportunity to own 7.19 acres in Riley Township and create the property you’ve been envisioning. With approximately 220 feet of road frontage, this spacious residential parcel offers plenty of room to design and build your dream home while enjoying the space and privacy that acreage provides. Located on Lambs Road just west of Memphis Ridge Road and within the Memphis School District, this is a great opportunity for anyone looking for country living with room to spread out. Bring your builder, your plans and your vision — over seven acres gives you plenty of possibilities! Property is currently being leased by a farmer.
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Riley
Over the last 90 days, 9 homes sold in Riley for a median of $330,000, about $212 per square foot, and the typical one went under contract in 16 days. This home is listed at $79,900, and has been on the market 77 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Riley sales or ask us for the comparable sales on this one.
Property taxes for a new owner
The current owner pays about $701 a year. A buyer who lives here would pay about $430 to $1,094 a year once the taxable value resets after the sale, at the 2025 homestead rate of 27.12 mills for Riley Twp and Memphis schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.
Monthly payment estimate
Estimate only, 30 year fixed, includes taxes at a new owner's rate when listed. Ask us for a lender quote.
Location
Similar homes in Riley
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