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Grass Lake 49240
1471 Wolf Lake Road
$152,000
● House - Off Market

1471 Wolf Lake Road

Grass Lake, MI 49240
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,560 Ft²
$253,577
RealtyHop Estimate
69.16%
Since Aug 1, 2016
National-US
Primary Model

About This Property

Grass Lake Village. 4 bedroom, 2 full baths, hardwood floors, finished walk out basement, wood burning fireplace, great location! Fenced back yard, shed, large outbuilding/3 car garage, storage galore! Water in building, area set up and 12' door designed to house a motor home, concrete dri e, large deck. Ready to move into!,   Primary Bath, Rec Room: Finished
Unit Size
1,560 Ft²
Days on Market
-
Land Size
0.70 acres
Price per sqft
$96
Property Type
House
Property Taxes
$250
HOA Dues
-
Year Built
1973

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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 #23062616)

Price History

Date / Event Date Event Price
Jul 22, 2016 Sold
Premium
Sold
May 20, 2016 Listed by The Charles Reinhart Company $149,900
Listed by The Charles Reinhart Company
Aug 19, 1999 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Building Count: 1
  • Bedroom Count: 2
  • 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 Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 960
  • Garage Type: 7
  • Garage Square Area: 900
  • Parking Space Count: 4
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,579
  • Lot Size Depth Feet: 2,170
  • Lot Size Frontage Feet: 1,410
  • Total Building Area: 960
  • Building Area: 960
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 960
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAPLE GROVE
  • Land Acres: 0000000702
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: BEG AT N 1/4 POST OF SEC 5 TH S 568.16 FT ALG CEN LN OF WOLF LAKE RD TH N88?31'05''E 33.01 FT TO POB TH CONTINUING

Neighborhood

  • School District Name: Grass Lake Community Schools
  • School Tax School District: 38050
  • Census Tract: 006804

Zoning

  • Zoning: R1-SIN

Geography

  • Assessors Map Reference: MAPS
  • District: 04
  • Parcel: 010-15-05-203-012-02
  • Meridian: SEC 05 TWN 03S RNG 02E
  • Municipality: GRASS LAKE VILLAGE
  • Latitude: 42.247
  • Longitude: -84.2185

    Address

  • Full Address: 1471 Wolf Lake Rd
  • Address - House Number: 1471
  • Address - Street Name: Wolf Lake
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Grass Lake
  • Carrier Code: R046
  • 4-Digit Zip Code: 9351
  • Zip Code: 49240

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $326,012
  • Tax Rate Code Area: 44

    Appraisal Valuation

  • Standard Deviation: 0.1933
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 74
  • Final Value: 280,084
  • High Value: 334,230
  • Low Value: 225,939

    Market Valuation

  • Market Total Value: $215,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $107,800

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 14, 2016
  • Current Sale Recording Date: Jul 22, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2745608
  • Previous Sale Recording Date: Aug 19, 1999
  • Previous Sale Contract Date: Aug 10, 1999
  • Previous Sale Amount: $139,500
  • 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 Grass Lake

Stats & Trends

Median Asking:

$294,450

Sale Price/ft²

$168

Below Asking

0.02%

Average Days on Market

48

Average Home Size

1967 ft²

Average Home Age

34.3 years

Currently For Sale

3 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: Bruce Maxson, The Charles Reinhart Company
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 23062616
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 1471 Wolf Lake Road built and last sold?
The property at 1471 Wolf Lake Road was built in 1973 and last sold on Jul 14, 2016 for $152,000.
How much is this home worth?
The estimated value of the home located at 1471 Wolf Lake Road is $0.
What are some comparable homes to 1471 Wolf Lake Road?
There are currently no comparable homes to 1471 Wolf Lake Road.
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