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Jackson
131 Ashworth Drive
$495,000
● House - Off Market

131 Ashworth Drive

Horton, MI 49246
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,239 Ft²
$2,699
Est. Monthly
7.84%
Cap Rate

About This Property

Lakefront living awaits! Nestled on Rainbow Lake with access to Farwell Lake, this 4BR/2BA home features a 2.5-car heated garage and a 36x44 pole barn with 220V and a 12' door-perfect for boats, lake toys, or an RV! Enjoy worry-free power with a whole-house generator and soak in lake views from the wrap-around Trex deck (2017). The kitchen boasts quartz counters, ample storage, and a lakeside dining area. Main level offers a spacious living room, 2BR/2BA, including a primary suite.  2 additional BRs with daylight windows, a family room, and plumbing for a 3rd bath are in the full basement. Recent updates: steel seawall (2018), roof (2012), furnace & A/C (2016), and water heater (2021).
Unit Size
2,239 Ft²
Days on Market
-
Land Size
0.80 acres
Price per sqft
$221
Property Type
House
Property Taxes
$268
HOA Dues
-
Year Built
1989

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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: 2 years ago (MichRIC MLS #24052488)

Price History

Date / Event Date Event Price
Nov 8, 2024 Sold
Premium
Sold
Oct 4, 2024 Listed by HOWARD HANNA REAL ESTATE SERVI $495,000
Listed by HOWARD HANNA REAL ESTATE SERVI
Aug 1, 1988 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,120
  • Garage Type: 7
  • Garage Square Area: 768
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 34,674
  • Lot Size Depth Feet: 4,999
  • Total Building Area: 1,120
  • Building Area: 1,120
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,120
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PINE HILL LAKE SUBDIVISION
  • Land Acres: 0000000796
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 66 PINE HILL LAKE SUBDIVISION NO 1 (LAKE LOT) NON CON 12% OF BLDG

Neighborhood

  • School District Name: Hanover-Horton Schools
  • School Tax School District: 38100
  • Census Tract: 006402

Zoning

  • Zoning: RS-1

Geography

  • Assessors Map Reference: MAPS SEWER
  • District: 05
  • Parcel: 000-17-25-130-008-00
  • Lot: 66
  • Municipality: HANOVER TWP
  • Latitude: 42.0975
  • Longitude: -84.4867

    Address

  • Full Address: 131 Ashworth Dr
  • Legal Unit: 66
  • Address - House Number: 131
  • Address - Street Name: Ashworth
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Horton
  • Carrier Code: R003
  • 4-Digit Zip Code: 9753
  • Zip Code: 49246

Valuation

    Tax

  • Tax Year: 2021
  • Tax Amount: $118,461
  • Tax Rate Code Area: 5

    Appraisal Valuation

  • Standard Deviation: 0.2752
  • Valuation Date: Jun 22, 2022
  • Confidence Score: 60
  • Final Value: 299,666
  • High Value: 382,162
  • Low Value: 217,171

    Market Valuation

  • Market Total Value: $306,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $153,400

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 01, 1988
  • Current Sale Recording Date: Aug 01, 1988
  • Current Sale Price:
    Premium
  • Current 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 Jackson

Stats & Trends

Median Asking:

$233,000

Sale Price/ft²

$145

Below Asking

0.03%

Average Days on Market

55

Average Home Size

1889 ft²

Average Home Age

74.5 years

Currently For Sale

414 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

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MichRIC

Listed by: HEATHER HERNDON, HOWARD HANNA REAL ESTATE SERVI
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24052488
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 131 Ashworth Drive built and last sold?
The property at 131 Ashworth Drive was built in 1989 and last sold on Aug 1, 1988 for $10,000.
How much is this home worth?
The estimated value of the home located at 131 Ashworth Drive is $490,676.
What are some comparable homes to 131 Ashworth Drive?
There are currently no comparable homes to 131 Ashworth Drive.
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