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Allegan 49078
2040 108th
$130,000
● House - Off Market

2040 108th

Otsego, MI 49078
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,164 Ft²
$254,950
RealtyHop Estimate
96.27%
Since Jul 1, 2013
National-US
Primary Model

About This Property

SOMETHING FOR THE FAMILY.....3 BEDROOM BRICK RANCH HOME IN OTSEGO SCHOOL DISTRICT.... NEW TO THE MARKET....BEDROOMS, 1 1/2 BATHS, LAUNDRY, LIVING ROOM, FAMILIY ROOM W/FP, AND KITCHEN ALL ON THE MAIN FLOOR. PLUS A RAINY-DAY PLAYROOM IN THE FINISHED BASEMENT. BESIDES THE 2 CAR GARAGE THERE IS AN ADDITIONAL STORAGE SHED AND 24 X 24 POLE BLDG. THIS IS AN ESTATE AND BEING SOLD IN AS IS CONDITION REGARDING ANY AND ALL REPAIR INCLUDING WELL AND SEPTIC
Unit Size
3,164 Ft²
Days on Market
-
Land Size
0.77 acres
Price per sqft
$41
Property Type
House
Property Taxes
$129
HOA Dues
-
Year Built
1965

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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 #13026884)

Price History

Date / Event Date Event Price
Jun 27, 2022 Sold
Premium
Sold
May 5, 2022 Listed by Maurer Real Estate LLC $310,000
Listed by Maurer Real Estate LLC
Aug 12, 2013 Sold
Premium
Sold
Jun 27, 2013 Sold
Premium
Sold
May 13, 2013 Listed by Maurer Real Estate LLC $129,900
Listed by Maurer Real Estate LLC

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 2
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 800
  • Garage Type: 7
  • Garage Square Area: 964
  • Parking Space Count: 4
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 39,988
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 2,000
  • Total Building Area: 1,664
  • Building Area: 1,664
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,664
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CAMPBELLS PLAT
  • Land Acres: 0000000918
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT'S 22 & 23 CAMPBELLS PLAT SEC 17 T1N R12W. (2003) SPLIT ON 10/14/2003 FROM 17-140-021-00;

Neighborhood

  • School District Name: Otsego Public Schools
  • School Tax School District: OTSEGO 20
  • Census Tract: 031800

Zoning

  • Zoning: RES

Geography

  • District: 17
  • Parcel: 17-140-022-00
  • Meridian: SEC 17 TWN 01N RNG 12W
  • Municipality: OTSEGO TWP
  • Latitude: 42.4787
  • Longitude: -85.7442

    Address

  • Full Address: 2040 108th Ave
  • Address - House Number: 2040
  • Address - Street Name: 108th
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Otsego
  • Carrier Code: R001
  • 4-Digit Zip Code: 9750
  • Zip Code: 49078

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $224,117

    Appraisal Valuation

  • Standard Deviation: 0.2104
  • Valuation Date: Dec 07, 2022
  • Confidence Score: 71
  • Final Value: 289,643
  • High Value: 350,597
  • Low Value: 228,689

    Market Valuation

  • Market Total Value: $181,000
  • Market Land Value: $28,600
  • Market Improvement Value: $152,400

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $90,500
  • Assessed Land Value: $14,300
  • Assessed Improvements Value: $76,200

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 17, 2022
  • Current Sale Recording Date: Jun 27, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 12907
  • Previous Sale Recording Date: Aug 12, 2013
  • Previous Sale Contract Date: Jun 27, 2013
  • Previous Sale Amount: $130,000
  • 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 Allegan

Stats & Trends

Median Asking:

$365,000

Sale Price/ft²

$202

Below Asking

0.02%

Average Days on Market

52

Average Home Size

2157 ft²

Average Home Age

49.3 years

Currently For Sale

320 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

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Currently no similar homes around

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MichRIC

Listed by: Susan E Maurer, Maurer Real Estate LLC
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 13026884
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 2040 108th Avenue built and last sold?
The property at 2040 108th Avenue was built in 1965 and last sold on Jun 17, 2022 for $320,000.
How much is this home worth?
The estimated value of the home located at 2040 108th Avenue is $325,977.
What are some comparable homes to 2040 108th Avenue?
There are currently no comparable homes to 2040 108th Avenue.
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