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Marshall 49068
1042 Lowe Drive
$132,000
● House - Off Market

1042 Lowe Drive

Marshall, MI 49068
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,626 Ft²
$209,648
RealtyHop Estimate
56.45%
Since Mar 1, 2018
National-US
Primary Model
Unit Size
1,626 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$82
Property Type
House
Property Taxes
$300
HOA Dues
-
Year Built
1965

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MichRIC MLS #18001831)

Price History

Date / Event Date Event Price
Jan 4, 2023 Sold
Premium
Sold
Oct 27, 2022 Listed by Midwestern Realty Group $219,900
Listed by Midwestern Realty Group
Mar 6, 2018 Sold
Premium
Sold
Jan 17, 2018 Listed by Midwestern Realty Group $134,000
Listed by Midwestern Realty Group
Oct 2, 2007 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 480
  • Garage Type: 7
  • Garage Square Area: 484
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,583
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 736
  • Total Building Area: 1,632
  • Building Area: 1,632
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,632
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAR VIEW #2
  • Land Acres: 0000000220
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: MARSHALL CITY, MAR-VIEW # 2 LOT 68

Neighborhood

  • School District Name: Marshall Public Schools
  • School Tax School District: MARSHALL
  • Census Tract: 004000

Zoning

  • Zoning: R-2

Geography

  • District: 53
  • Parcel: 53-008-668-00
  • Lot: 68
  • Municipality: MARSHALL CITY
  • Latitude: 42.2585
  • Longitude: -84.9599

    Address

  • Full Address: 1042 Lowe Dr
  • Address - House Number: 1042
  • Address - Street Name: Lowe
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Marshall
  • Carrier Code: C005
  • 4-Digit Zip Code: 1948
  • Zip Code: 49068

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $361,057

    Appraisal Valuation

  • Standard Deviation: 0.2443
  • Valuation Date: Jun 21, 2023
  • Confidence Score: 65
  • Final Value: 214,418
  • High Value: 266,807
  • Low Value: 162,029

    Market Valuation

  • Market Total Value: $181,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $90,500

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 12, 2022
  • Current Sale Recording Date: Jan 04, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Mar 06, 2018
  • Previous Sale Contract Date: Feb 26, 2018
  • Previous Sale Amount: $132,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Marshall

Stats & Trends

Median Asking:

$239,900

Sale Price/ft²

$158

Below Asking

0.03%

Average Days on Market

55

Average Home Size

1675 ft²

Average Home Age

88.4 years

Currently For Sale

36 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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MichRIC

Listed by: April Osborne, Midwestern Realty Group
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 18001831
Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1042 Lowe Drive built and last sold?
The property at 1042 Lowe Drive was built in 1965 and last sold on Dec 12, 2022 for $230,000.
How much is this home worth?
The estimated value of the home located at 1042 Lowe Drive is $221,421.
What are some comparable homes to 1042 Lowe Drive?
There are currently no comparable homes to 1042 Lowe Drive.
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