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Kent 49331
13198 Shutter Drive SE
$220,000
● House - Off Market

13198 Shutter Drive SE

Lowell, MI 49331
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,330 Ft²
$322,335
RealtyHop Estimate
40.21%
Since Jul 1, 2020
National-US
Primary Model

About This Property

Very nice 3 bedroom stick built ranch, 1 1/2 bath with main floor laundry.  Spacious living room, kitchen and dining area with a deck to the nice size back yard.  2 car attached garage with an opener. The lower level is spacious and unfinished, just waiting for your touches! All appliances are included which also includes an expensive water softener with iron filters. Nice location and neighborhood. Easy commute to Grand Rapids.  Call for your private showing!
Unit Size
1,330 Ft²
Days on Market
-
Land Size
0.44 acres
Price per sqft
$173
Property Type
House
Property Taxes
$200
HOA Dues
-
Year Built
1999

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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: 3 years ago (MichRIC MLS #20011145)

Price History

Date / Event Date Event Price
Jun 30, 2020 Sold
Premium
Sold
Mar 18, 2020 Listed by Five Star Real Estate (Main) $229,900
Listed by Five Star Real Estate (Main)
Oct 4, 1999 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Building Count: 1
  • Bedroom Count: 0
  • 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 Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,313
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,515
  • Lot Size Frontage Feet: 10
  • Total Building Area: 1,330
  • Building Area: 1,330
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,330
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VERGENNES PLAT NO.4
  • Land Acres: 0000000448
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 50 * VERGENNES PLAT NO.4

Neighborhood

  • School District Name: Lowell Area Schools
  • School Tax School District: LOWELL
  • Census Tract: 012003

Zoning

  • Zoning: R-A

Geography

  • District: 31
  • Parcel: 41-16-26-453-003
  • Lot: 50
  • Municipality: VERGENNES TWP
  • Latitude: 42.9598
  • Longitude: -85.3386

    Address

  • Full Address: 13198 Shutter
  • Address - House Number: 13198
  • Address - Street Name: Shutter
  • State: MI
  • City Name: Lowell
  • Carrier Code: R003
  • 4-Digit Zip Code: 9608
  • Zip Code: 49331

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $257,977
  • Tax Rate Code Area: 31

    Appraisal Valuation

  • Standard Deviation: 0.1976
  • Valuation Date: Jul 05, 2023
  • Confidence Score: 73
  • Final Value: 331,377
  • High Value: 396,866
  • Low Value: 265,888

    Market Valuation

  • Market Total Value: $275,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $137,800

    Sales

  • Current Sale Contract Date: Jun 15, 2020
  • Current Sale Recording Date: Jun 30, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20200630-0056349
  • Previous Sale Recording Date: Oct 04, 1999
  • Previous Sale Contract Date: Oct 04, 1999
  • Previous Sale Amount: $153,500
  • 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 Kent

Stats & Trends

Median Asking:

$350,000

Sale Price/ft²

$202

Below Asking

0.01%

Average Days on Market

43

Average Home Size

2050 ft²

Average Home Age

53.5 years

Currently For Sale

1382 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: Kathy Sisler, Five Star Real Estate (Main)
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 20011145
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 13198 Shutter Drive Southeast built and last sold?
The property at 13198 Shutter Drive Southeast was built in 1999 and last sold on Jun 15, 2020 for $220,000.
How much is this home worth?
The estimated value of the home located at 13198 Shutter Drive Southeast is $0.
What are some comparable homes to 13198 Shutter Drive Southeast?
There are currently no comparable homes to 13198 Shutter Drive Southeast.
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