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Calhoun 49068
18011 20 Mile Road
$235,000
● House - Off Market

18011 20 Mile Road

Marshall, MI 49068
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,500 Ft²
$1,415
Est. Monthly
10.83%
Cap Rate

About This Property

Fully renovated 4-bedroom farmhouse combining charm and modern upgrades on a .41-acre lot in a peaceful rural setting near town. The 1,500 sq ft home features a new kitchen (2025) with updated cabinets, countertops, sink, and appliances. Fresh paint, new flooring, upgraded lighting, and renovated bath (2023) enhance comfort. Major updates include HVAC, A/C, siding, windows, roof, water systems, and generator hook-up. A spacious 30x40 insulated garage offers room for 3-4 vehicles, a workbench, cabinetry, and 220V outlet. Outdoor deck with hot tub provides space to relax. Landscaped, mowed, and professionally surveyed. A rare move-in-ready home with thoughtful upgrades throughout.
Unit Size
1,500 Ft²
Days on Market
110 days
Land Size
0.41 acres
Price per sqft
$167
Property Type
House
Property Taxes
$188
HOA Dues
-
Year Built
1900

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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 #25033359)

Price History

Date / Event Date Event Price
Oct 27, 2025 Sold
Premium
Sold
Sep 16, 2025 In contract -
In contract
Sep 6, 2025 Price Decreased $249,900
↓ $10K (3.9%)
Price Decreased
Sep 3, 2025 Price Decreased $259,900
↓ $100 (0%)
Price Decreased
Aug 24, 2025 Price Decreased $260,000
↓ $5K (1.9%)
Price Decreased
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 432
  • Garage Type: 7
  • Garage Square Area: 1,200
  • Parking Space Count: 5
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,424
  • Total Building Area: 1,239
  • Building Area: 1,239
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,239
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000400
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LEE TOWNSHIP T1S R5W SEC 32E 98 FT OF S 180 FT OF SW 1/4 OF SE 1/4 .40 AC +

Neighborhood

  • School District Name: Mar Lee School District
  • School Tax School District: MAR-LEE
  • Census Tract: 003700

Zoning

  • Zoning: AG

Geography

  • District: 13
  • Parcel: 13-320-030-00
  • Meridian: SEC 03 TWN 01S RNG 05W
  • Municipality: LEE TWP
  • Latitude: 42.3346
  • Longitude: -84.9123

    Address

  • Full Address: 18011 20 Mile Rd
  • Address - House Number: 18011
  • Address - Street Name: 20 Mile
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Marshall
  • Carrier Code: R004
  • 4-Digit Zip Code: 9448
  • Zip Code: 49068

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0

    Appraisal Valuation

  • Standard Deviation: 0.2349
  • Valuation Date: Jun 21, 2023
  • Confidence Score: 67
  • Final Value: 173,759
  • High Value: 214,575
  • Low Value: 132,942

    Market Valuation

  • Market Total Value: $188,940

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $94,470

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 26, 2020
  • Current Sale Recording Date: Mar 10, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Previous Sale Recording Date: Mar 31, 2014
  • Previous Sale Contract Date: Mar 20, 2014
  • Previous Sale Amount: $36,000
  • Previous Sale Document Type: 64
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

1825 ft²

Average Home Age

73.3 years

Currently For Sale

332 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: Steven Koleno, Beycome Brokerage Realty LLC
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25033359
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 18011 20 Mile Road built and last sold?
The property at 18011 20 Mile Road was built in 1900 and last sold on Feb 26, 2020 for $30,000.
How much is this home worth?
The estimated value of the home located at 18011 20 Mile Road is $0.
What are some comparable homes to 18011 20 Mile Road?
There are currently no comparable homes to 18011 20 Mile Road.
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