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Coloma 49038
138 Strand Avenue
$160,000
● House - Off Market

138 Strand Avenue

Coloma, MI 49038
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,757 Ft²
$157,263
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

138 Strand is a 3 bedroom, two bath home.  It is in liveable condition, but can use updating.  This property is an ideal starter home for someone who wants to update a property that has been somewhat neglected by senior citizens for several years.  Seller will consider financing proposals with reasonable down payment.
Unit Size
1,757 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$89
Property Type
House
Property Taxes
$303
HOA Dues
-
Year Built
1957

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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 #23016911)

Price History

Date / Event Date Event Price
Jun 1, 2023 Sold
Premium
Sold
May 23, 2023 Listed by Ship Street Realty $157,000
Listed by Ship Street Realty
Oct 18, 1990 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 957
  • Garage Type: 7
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,038
  • Lot Size Depth Feet: 2,820
  • Lot Size Frontage Feet: 710
  • Total Building Area: 1,747
  • Building Area: 1,747
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,747
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LEEDYS 2ND ADD
  • Land Acres: 0000000460
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOTS 35 & 36 LEEDY'S 2ND ADD TO CITY OF COLOMA

Neighborhood

  • School District Name: Coloma Community Schools
  • School Tax School District: COLOMA
  • Census Tract: 010201

Geography

  • Assessors Map Reference: 029-2
  • District: 60
  • Parcel: 60-4620-0035-00-1
  • Lot: 35-36
  • Municipality: COLOMA CITY
  • Latitude: 42.1855
  • Longitude: -86.3103

    Address

  • Full Address: 138 Strand
  • Address - House Number: 138
  • Address - Street Name: Strand
  • State: MI
  • City Name: Coloma
  • Carrier Code: R006
  • 4-Digit Zip Code: 9508
  • Zip Code: 49038

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $199,434

    Appraisal Valuation

  • Standard Deviation: 0.3113
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 37
  • Final Value: 127,377
  • High Value: 167,040
  • Low Value: 87,713

    Market Valuation

  • Market Total Value: $172,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $86,200

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Recording Date: Jun 01, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 54
  • Current Sale Input Document Number: 381656
  • Previous Sale Recording Date: Oct 18, 1990
  • Previous Sale Contract Date: Oct 18, 1990
  • Previous Sale Amount: $72,000
  • Previous Sale Document Type: 27
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 Coloma

Stats & Trends

Median Asking:

$229,900

Sale Price/ft²

$149

Below Asking

0.01%

Average Days on Market

40

Average Home Size

1156 ft²

Average Home Age

80.9 years

Currently For Sale

7 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: Charles Ammeson, Ship Street Realty
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 23016911
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 138 Strand Avenue built and last sold?
The property at 138 Strand Avenue was built in 1957 and last sold on Jan 1, 1970 for $75,000.
How much is this home worth?
The estimated value of the home located at 138 Strand Avenue is $157,926.
What are some comparable homes to 138 Strand Avenue?
There are currently no comparable homes to 138 Strand Avenue.
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