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Branch 49255
1240 State Line Road
$180,000
● House - Off Market

1240 State Line Road

Montgomery, MI 49255
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,600 Ft²
$1,130
Est. Monthly
9.00%
Cap Rate

About This Property

Welcome home to this private and secluded home that sits on a wooded hill overlooking the gorgeous 10 acres of land and private pond that come with it. The home offers plenty of room for a family with the 3 bedrooms and 2 baths upstairs, large kitchen, dining and living room. It comes with a 2 .5 car attached garage, large breezeway with a bathroom that needs finished and the stairway that takes you to a full walkout basement that has a bar area, sliding doors to a patio, large recreation area for entertaining and another room that could be used for a bedroom or office. Also included in this sale are all brand new decking lumber and materials to build a new front deck and stairway to the front entrance. This property is a must see to understand all of what it has to offer.
Unit Size
1,600 Ft²
Days on Market
-
Land Size
10.00 acres
Price per sqft
$137
Property Type
House
Property Taxes
$50
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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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: 2 years ago (MichRIC MLS #24043802)

Price History

Date / Event Date Event Price
Jan 17, 2025 Sold
Premium
Sold
Nov 14, 2024 In contract -
In contract
Oct 28, 2024 Price Decreased $219,900
↓ $14K (6%)
Price Decreased
Oct 16, 2024 Relisted $234,000
Relisted
Sep 23, 2024 No longer available -
No longer available
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Bedroom Count: 0
  • 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: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 435,600
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000010000
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: COM AT SW COR OF NW 1/4 TH S 89DEG 46MIN 39SEC E 1794.5 FT ALG STATE LINE TOPOB TH N 00DEG 13MIN 21SEC E 240.50 FT TH N 46DEG

Neighborhood

  • School District Name: Quincy Community School District
  • School Tax School District: QUINCY
  • Census Tract: 950800

Geography

  • District: 160
  • Parcel: 160-024-100-005-02
  • Meridian: SEC 24 TWN 08S RNG 05W
  • Municipality: CALIFORNIA TWP
  • Latitude: 41.763
  • Longitude: -84.8406

    Address

  • Full Address: 1240 State Line Rd
  • Address - House Number: 1240
  • Address - Street Name: State Line
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Montgomery
  • Carrier Code: R051
  • 4-Digit Zip Code: 9637
  • Zip Code: 49255

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $20,202
  • Tax Rate Code Area: 160

    Appraisal Valuation

  • Standard Deviation: 0.261
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 62
  • Final Value: 191,933
  • High Value: 242,041
  • Low Value: 141,825

    Market Valuation

  • Market Total Value: $124,598

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $62,299
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 Branch

Stats & Trends

Median Asking:

$249,900

Sale Price/ft²

$164

Below Asking

0.03%

Average Days on Market

60

Average Home Size

2018 ft²

Average Home Age

63.4 years

Currently For Sale

116 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: Scott A Coe, Legendary Properties Team
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24043802
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 1240 State Line Road built and last sold?
The property at 1240 State Line Road was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1240 State Line Road is $0.
What are some comparable homes to 1240 State Line Road?
There are currently no comparable homes to 1240 State Line Road.
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