$249,900
●
House -
In Contract
105 Lester Avenue
Dowagiac, MI 49047
3 Beds
1 Bath,
1
Half Bath
1,304 Ft²
$1,238
Est. Monthly
About This Property
*Seller is offering a permanent 1% mortgage rate buy-down for
qualified buyers, helping reduce monthly payments for the life of
the loan.*
Welcome to this brand-new 2025 two-story home located in the City of Dowagiac. The exterior features a modern blend of black and white siding for excellent curb appeal. Inside, the main level offers durable vinyl flooring, a convenient half bath, and a well-appointed kitchen featuring granite counters, stainless steel appliances, and a spacious pantry. A sliding door off the kitchen provides easy access to the back deck and yard--perfect for entertaining or everyday living. Upstairs you'll find three bedrooms and a full bath. The fully insulated/unfinished basement features 8' ceilings, an egress window, laundry area, and provides excellent opportunity for future expansion.
Welcome to this brand-new 2025 two-story home located in the City of Dowagiac. The exterior features a modern blend of black and white siding for excellent curb appeal. Inside, the main level offers durable vinyl flooring, a convenient half bath, and a well-appointed kitchen featuring granite counters, stainless steel appliances, and a spacious pantry. A sliding door off the kitchen provides easy access to the back deck and yard--perfect for entertaining or everyday living. Upstairs you'll find three bedrooms and a full bath. The fully insulated/unfinished basement features 8' ceilings, an egress window, laundry area, and provides excellent opportunity for future expansion.
Unit Size
1,304 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$192
Property Type
House
Property Taxes
$10
HOA Dues
-
Year Built
-
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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: 28 days ago (MichRIC MLS #25062611)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 11, 2026 | In contract | - | |
| In contract | |||
| Jul 30, 2026 | Price Decreased |
$249,900
↓ $15K
(5.7%) | |
| Price Decreased | |||
| Jul 15, 2026 | Price Decreased |
$265,000
↓ $15K
(5.3%) | |
| Price Decreased | |||
| Apr 8, 2026 | Price Decreased |
$279,900
↓ $9K
(3.2%) | |
| Price Decreased | |||
| Feb 25, 2026 | Price Decreased |
$289,000
↓ $10K
(3.2%) | |
| Price Decreased | |||
Show More
Property Highlights
Air Conditioning
Interior Details
Half Bathrooms: 1
Full Bathrooms: 1
Interior Features: Eat-in Kitchen, Pantry, Center Island
Appliances: Dishwasher, Microwave, Oven, Range, Refrigerator
Flooring Type: Carpet, Vinyl
Laundry Features: Gas Dryer Hookup, In Basement
Rooms: 6
Basement: Full
Exterior Details
Square Footage: 1304
Architectural Style: Traditional
Year Built: 2025
Builder Name: Lamoreaux Construction Inc
Building Area Total: 1304
Window Features: Screens, Insulated Windows
Construction Materials: Vinyl Siding
Patio and Porch Features: Deck, Porch
Lot Features: Level, Sidewalk
Lot Size Area: 0.29
Lot Size Units: Acres
Lot Size Acres: 0.29
Lot Size Square Feet: 12632
Lot Size Dimensions: 64x199
Water Source: Public
Financial Details
Tax Assessed Value: $2,000
Tax Annual Amount: $120
Utilities Details
Cooling Type: Central Air
Heating Type: Forced Air
Sewer : Public Sewer
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Dowagiac
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Listed by: Martha Hassle, @properties Christie's International R.E.
Last Updated: 28 days ago
Data Source: MichRIC, MLS# 25062611
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.
Last Updated: 28 days ago
Data Source: MichRIC, MLS# 25062611
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