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Calhoun 49068
15412 17 1/2 Mile Road
$495,000
● House - Off Market

15412 17 1/2 Mile Road

Marshall, MI 49068
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,820 Ft²
$2,636
Est. Monthly
5.56%
Cap Rate

About This Property

Welcome to this stunning walk-out ranch in Marshall, ideally located just minutes from downtown and major highways. This home features an open-concept layout, seamlessly connecting the kitchen, dining area, and cozy living space with a gas fireplace. The primary bedroom offers a generous walk-in closet and en-suite bathroom with a whirlpool tub, separate shower, and dual vanities. You'll find two additional bedrooms on the main floor while the walk-out lower level is perfect for gatherings. Complete with a spacious recreation area, wet bar, fourth bedroom, full bathroom, built-in desk, and ample storage. Outside you'll enjoy the two-tiered deck overlooking the peaceful yard and the attached garage adding extra storage!
Unit Size
3,820 Ft²
Days on Market
42 days
Land Size
1.40 acres
Price per sqft
$130
Property Type
House
Property Taxes
$205
HOA Dues
-
Year Built
2005

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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: 2 years ago (MichRIC MLS #25021695)

Price History

Date / Event Date Event Price
Jun 27, 2025 Sold
Premium
Sold
May 21, 2025 In contract -
In contract
May 14, 2025 Listed by RE/MAX Perrett Associates - Marshall $495,000
Listed by RE/MAX Perrett Associates - Marshall
Jul 19, 2024 Sold
Premium
Sold
Jun 17, 2024 In contract -
In contract
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 2,120
  • 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: 60,984
  • Total Building Area: 2,120
  • Gross Building Area: 2,120
  • Building Area: 2,120
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,120
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001400
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: MLL TWP SEC 13 T2S-R6W COMM AT THE E 1/4 COR TH W 2298.22' TH S 370' TO POB THCONT S 170' TH W 360' TH N 170' TH E 360' TO

Neighborhood

  • School District Name: Marshall Public Schools
  • School Tax School District: MARSHALL
  • Census Tract: 003900

Zoning

  • Zoning: AR

Geography

  • District: 16
  • Parcel: 16-132-003-03
  • Meridian: SEC 13 TWN 02S RNG 06W
  • Municipality: MARSHALL TWP
  • Latitude: 42.2962
  • Longitude: -84.9542

    Address

  • Full Address: 15412 17 1/2 Mile Rd
  • Address - House Number: 15412
  • Address - Street Name: 17 1/2 Mile
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Marshall
  • Carrier Code: R007
  • 4-Digit Zip Code: 9640
  • Zip Code: 49068

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $418,126

    Appraisal Valuation

  • Standard Deviation: 0.467
  • Valuation Date: Jun 21, 2023
  • Confidence Score: 6
  • Final Value: 330,966
  • High Value: 485,552
  • Low Value: 176,379

    Market Valuation

  • Market Total Value: $320,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $160,200

    Exemptions

  • Homeowner Exemption: Yes
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: Breanne Speer, RE/MAX Perrett Associates - Marshall
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25021695
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 15412 17 1/2 Mile Road built and last sold?
The property at 15412 17 1/2 Mile Road was built in 2005 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 15412 17 1/2 Mile Road is $0.
What are some comparable homes to 15412 17 1/2 Mile Road?
There are currently no comparable homes to 15412 17 1/2 Mile Road.
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