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Calhoun 49068
15003 L Drive N
$349,900
● House - Off Market

15003 L Drive N

Marshall, MI 49068
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,620 Ft²
$347,940
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

https://site.windowstill.com/15003-L-Dr-N.  RURAL RETREAT.  Sitting in 25 Acres close to everything, but still retaining its private nature, this ranch style home has many awesome features.  Ensuite primary bedroom, large kitchen, full walkout basement with the finishing started, main floor laundry, natural gas service, generous 2+ car garage, back porch extending the width of the home, multiple outbuildings including a small pole barn and potting shed, living room with fireplace. The land offers a nice mix of open space, rec wetlands and woods.  Perfect hunting property with all sort of wildlife utilizing the property including fowl, deer and other small game.  Great property for homesteading!
Unit Size
1,620 Ft²
Days on Market
-
Land Size
25.00 acres
Price per sqft
$216
Property Type
House
Property Taxes
$219
HOA Dues
-
Year Built
-

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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 #23027086)

Price History

Date / Event Date Event Price
Dec 28, 2023 Sold
Premium
Sold
Oct 23, 2023 Listed by Real Estate One Rosemary Davis $329,900
Listed by Real Estate One Rosemary Davis
Sep 18, 2023 Sold
Premium
Sold
Jul 25, 2023 Listed by Real Estate One Rosemary Davis $349,900
Listed by Real Estate One Rosemary Davis

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 17
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,620
  • 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: 1,089,436
  • Total Building Area: 1,620
  • Building Area: 1,620
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,620
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000025010
  • Standard Land Use Code: 1016
  • County Land Use Code: 401
  • Legal Description 1: CONVIS TWP SEC 34 W 30 AC OF W 1/2 OF SW 1/4 EXC E 165'OF S 1320' 25 AC

Neighborhood

  • School District Name: Marshall Public Schools
  • School Tax School District: MARSHALL
  • Census Tract: 003700

Zoning

  • Zoning: AGRICULTUR

Geography

  • District: 08
  • Parcel: 08-340-024-00
  • Meridian: TWN 1S RNG 6W
  • Municipality: CONVIS TWP
  • Latitude: 42.3344
  • Longitude: -85.0042

    Address

  • Full Address: 15003 L Dr N
  • Address - House Number: 15003
  • Street Segment Direction: N
  • Address - Street Name: L
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Marshall
  • Carrier Code: R004
  • 4-Digit Zip Code: 9406
  • Zip Code: 49068

Valuation

    Tax

  • Tax Year: 2020
  • Tax Amount: $248,186

    Appraisal Valuation

  • Standard Deviation: 0.1134
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 88
  • Final Value: 323,428
  • High Value: 360,108
  • Low Value: 286,748

    Market Valuation

  • Market Total Value: $214,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $107,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 20, 2023
  • Current Sale Recording Date: Dec 28, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Sep 18, 2023
  • Previous Sale Contract Date: Aug 25, 2023
  • Previous Sale Amount: $349,900
  • 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: Matthew A Davis, Real Estate One Rosemary Davis
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 23027086
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 15003 L Drive North built and last sold?
The property at 15003 L Drive North was built in and last sold on Dec 20, 2023 for $308,000.
How much is this home worth?
The estimated value of the home located at 15003 L Drive North is $0.
What are some comparable homes to 15003 L Drive North?
There are currently no comparable homes to 15003 L Drive North.
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