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Shorewood-Tower Hills-Harbert 49125
12342 Tower Hill
$198,000
● House - Off Market

12342 Tower Hill

Sawyer, MI 49125
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,344 Ft²
$399,374
RealtyHop Estimate
94.91%
Since Aug 1, 2013
National-US
Primary Model

About This Property

Bank owned: Freddie Mac First Look Initiative Owner occupants only will be considered for the first 15 days.
Unit Size
1,344 Ft²
Days on Market
-
Land Size
-
Price per sqft
$152
Property Type
House
Property Taxes
$274
HOA Dues
-
Year Built
1963

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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 #13032485)

Price History

Date / Event Date Event Price
Jul 30, 2013 Sold
Premium
Sold
Jun 4, 2013 Listed by Exit 1 Realty $204,900
Listed by Exit 1 Realty
Sep 6, 2012 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 1,344
  • Garage Type: 7
  • Garage Square Area: 616
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,238
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 900
  • Total Building Area: 1,344
  • Building Area: 1,344
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,344
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BETHANY HILLS #1
  • Land Acres: 0000000258
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 4 & S HAF OF LOT 5 BLK 2 BETHANY HILLS NO 1

Neighborhood

  • School District Name: River Valley School District
  • School Tax School District: RIVER VALLEY
  • Census Tract: 011202

Geography

  • Assessors Map Reference: 003-2
  • District: 07
  • Parcel: 07-0820-0009-00-1
  • Block: 2
  • Lot: 4-5
  • Municipality: CHIKAMING TWP
  • Latitude: 41.8958
  • Longitude: -86.6096

    Address

  • Full Address: 12342 Tower Hill Rd
  • Legal Unit: 4,5
  • Address - House Number: 12342
  • Address - Street Name: Tower Hill
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Sawyer
  • Carrier Code: R001
  • 4-Digit Zip Code: 9120
  • Zip Code: 49125

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $226,857

    Appraisal Valuation

  • Standard Deviation: 0.2506
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 64
  • Final Value: 365,468
  • High Value: 457,071
  • Low Value: 273,866

    Market Valuation

  • Market Total Value: $402,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $201,300

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 23, 2013
  • Current Sale Recording Date: Jul 30, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Sep 06, 2012
  • Previous Sale Contract Date: Aug 09, 2012
  • Previous Sale Amount: $346,211
  • Previous Sale Document Type: 64
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 Shorewood-Tower Hills-Harbert

Stats & Trends

Median Asking:

$695,000

Sale Price/ft²

$439

Below Asking

0.04%

Average Days on Market

56

Average Home Size

2540 ft²

Average Home Age

37.4 years

Currently For Sale

14 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: Diane Frale, Exit 1 Realty
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 13032485
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 12342 Tower Hill Road built and last sold?
The property at 12342 Tower Hill Road was built in 1963 and last sold on Jul 23, 2013 for $198,000.
How much is this home worth?
The estimated value of the home located at 12342 Tower Hill Road is $0.
What are some comparable homes to 12342 Tower Hill Road?
There are currently no comparable homes to 12342 Tower Hill Road.
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