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Calhoun 49068
18501 I Drive N
$230,000
● House - Off Market

18501 I Drive N

Marshall, MI 49068
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,111 Ft²
$1,497
Est. Monthly
5.43%
Cap Rate

About This Property

CALL LORI STURDEVANT TO TOUR THIS 1900 FARMHOUSE ON 5+ ACRES. Great location in Marengo Twp. If you are interested in living in the peaceful country, this is the place! Small orchard w/apple, pear & peach trees. Just minutes from Hwy access & city limits of Marshall. Whole house generator. Central Air. Several outbuildings. 2 were used as work/craft shops. I has running water, heat, A/C, electric. Nice barn for animals. Home offers so much potential, but will only improve w/some cosmetic updates. 2nd floor offers a large bedroom, w/walk in closet & 1/2 bath. Main floor laundry. 2 car attached garage w/a 2nd floor that was used as a workout room, & a wood shop, offers tons of additional storage. Here is your opportunity to take on a diamond in the rough & make it spectacular!
Unit Size
2,111 Ft²
Days on Market
-
Land Size
5.06 acres
Price per sqft
$118
Property Type
House
Property Taxes
$269
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: 3 years ago (MichRIC MLS #24016133)

Price History

Date / Event Date Event Price
Jun 21, 2024 Sold
Premium
Sold
Jun 3, 2024 In contract -
In contract
Apr 5, 2024 Listed by Berkshire Hathaway HomeServices Michigan Real Estate $250,000
Listed by Berkshire Hathaway HomeServices Michigan Real Estate

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • 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 Cover: 0
  • Basement Type: 9
  • Basement Area: 1,512
  • Garage Type: 7
  • Garage Square Area: 720
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 446,926
  • Total Building Area: 2,032
  • Building Area: 2,032
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,032
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000010260
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: MARENGO TWP SEC 7 BEG 1799.87' E OF W 1/4 POST- E 622' - N 700' - W 655.59' - S2 DEG 26' E 700' TO POB. 10.26 AC

Neighborhood

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

Zoning

  • Zoning: AGRICU

Geography

  • District: 15
  • Parcel: 15-070-006-01
  • Meridian: TWN 2S RNG 5W
  • Municipality: MARENGO TWP
  • Latitude: 42.3125
  • Longitude: -84.9373

    Address

  • Full Address: 18501 I Dr N
  • Address - House Number: 18501
  • Street Segment Direction: N
  • Address - Street Name: I
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Marshall
  • Carrier Code: R003
  • 4-Digit Zip Code: 8404
  • Zip Code: 49068

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $313,440

    Appraisal Valuation

  • Standard Deviation: 0.2393
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 66
  • Final Value: 359,089
  • High Value: 445,023
  • Low Value: 273,156

    Market Valuation

  • Market Total Value: $272,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $136,000

    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

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: Lori Sturdevant, Berkshire Hathaway HomeServices Michigan Real Estate
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24016133
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 18501 I Drive North built and last sold?
The property at 18501 I Drive North was built in 1900 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 18501 I Drive North is $0.
What are some comparable homes to 18501 I Drive North?
There are currently no comparable homes to 18501 I Drive North.
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