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Calhoun 49068
14240 L Drive N
$385,000
● House - Off Market

14240 L Drive N

Marshall, MI 49068
bedrooms
4 Beds
bathrooms
5 Baths, 2 Half Baths
square feet
3,468 Ft²
$416,844
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

5 Acres 4 Bedrooms; 5 Baths; large living room; family room; good sized kitchen with snack bar; 3 seasons room with good sized deck; Main floor laundry; walk out finished basement; 2 car finished garage with attic; asphalt driveway; view nature from every angle; easy drive to Marshall, Battle Creek or Lansing. This house has new flooring, new kitchen, new furnace, a/c, and water heater within last year. This house will not last long, call today for a private showing.
Unit Size
3,468 Ft²
Days on Market
-
Land Size
5.00 acres
Price per sqft
$114
Property Type
House
Property Taxes
$287
HOA Dues
-
Year Built
1994

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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 #22039878)

Price History

Date / Event Date Event Price
Nov 11, 2022 Sold
Premium
Sold
Sep 15, 2022 Listed by eXp Realty LLC $395,000
Listed by eXp Realty LLC
Jan 6, 2017 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 1,400
  • 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: 217,800
  • Total Building Area: 2,100
  • Building Area: 2,100
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,100
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000005000
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: MARSHALL TWP SEC 4 T2S R6W BEG 912.60FT E OF THE NW COR OF SEC 4 TH CONT E 400FT TH S 545FT TH W 400 FT TH N TO BEG

Neighborhood

  • School District Name: Marshall Public Schools
  • School Tax School District: MARSHALL
  • Census Tract: 003800

Zoning

  • Zoning: AR

Geography

  • District: 16
  • Parcel: 16-040-018-02
  • Meridian: SEC 04 TWN 02S RNG 06W
  • Municipality: MARSHALL TWP
  • Latitude: 42.3329
  • Longitude: -85.0204

    Address

  • Full Address: 14240 L Dr N
  • Address - House Number: 14240
  • Street Segment Direction: N
  • Address - Street Name: L
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Marshall
  • Carrier Code: R004
  • 4-Digit Zip Code: 9405
  • Zip Code: 49068

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $355,438

    Appraisal Valuation

  • Standard Deviation: 0.1944
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 74
  • Final Value: 378,536
  • High Value: 452,147
  • Low Value: 304,926

    Market Valuation

  • Market Total Value: $266,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $133,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 11, 2022
  • Current Sale Recording Date: Nov 21, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Jan 06, 2017
  • Previous Sale Contract Date: Dec 22, 2016
  • Previous Sale Amount: $225,000
  • 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 Calhoun

Stats & Trends

Median Asking:

$210,000

Sale Price/ft²

$142

Below Asking

0.03%

Average Days on Market

56

Average Home Size

1829 ft²

Average Home Age

73.1 years

Currently For Sale

333 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: Justin M Lennon, eXp Realty LLC
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 22039878
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 14240 L Drive North built and last sold?
The property at 14240 L Drive North was built in 1994 and last sold on Nov 11, 2022 for $385,000.
How much is this home worth?
The estimated value of the home located at 14240 L Drive North is $0.
What are some comparable homes to 14240 L Drive North?
There are currently no comparable homes to 14240 L Drive North.
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