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Jackson
219 READY LN
$13,000
● House - Off Market

219 READY LN

Munith, MI 49259
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,987 Ft²
$68,024
RealtyHop Estimate
94.91%
Since Aug 1, 2013
National-US
Primary Model

About This Property

Great opportunity for lake front living!  Lake Front Home on 531 acre all sports Big Portage Lake in need of TLC.  This home has 72' of Lake Front on Leased Land.  Offer contingent upon land owner's acceptance of purchaser for lease of land.  This home will be sold in "as is" condition with seller making no repairs or warranties.
Unit Size
1,987 Ft²
Days on Market
-
Land Size
-
Price per sqft
$18
Property Type
House
Property Taxes
$84
HOA Dues
-
Year Built
1930

Payment Calculator

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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 #21086911)

Price History

Date / Event Date Event Price
Jul 3, 2013 Sold
Premium
Sold
Feb 7, 2013 Listed by HOWARD HANNA REAL ESTATE SERVI $34,900
Listed by HOWARD HANNA REAL ESTATE SERVI

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Bedroom Count: 3
  • 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: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 0
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,987
  • Building Area: 1,987
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,987
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Standard Land Use Code: 1000
  • County Land Use Code: 410
  • Legal Description 1: BUILDING ON LEASED LAND BEG AT E 1/4 POST OF SEC 31 TH S 0%30'43''E 296.66 FT TO A PT ON A CURVE CONCAVE TO NE HAVING A

Neighborhood

  • School District Name: East Jackson Community Schools
  • School Tax School District: 38090
  • Census Tract: 006801

Geography

  • District: 19
  • Parcel: 819-05-31-200-001-11
  • Meridian: SEC 31 TWN 01S RNG 02E
  • Municipality: WATERLOO TWP
  • Latitude: 42.3407
  • Longitude: -84.23

    Address

  • Full Address: 219 Ready Ln
  • Address - House Number: 219
  • Address - Street Name: Ready
  • Address - Suffix Type: Ln
  • State: MI
  • City Name: Munith
  • Carrier Code: R092
  • 4-Digit Zip Code: 9716
  • Zip Code: 49259

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $150,150
  • Tax Rate Code Area: 19

    Appraisal Valuation

  • Standard Deviation: 0.1902
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 74
  • Final Value: 197,072
  • High Value: 234,573
  • Low Value: 159,572

    Market Valuation

  • Market Total Value: $150,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $75,300
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 Jackson

Stats & Trends

Median Asking:

$233,000

Sale Price/ft²

$145

Below Asking

0.03%

Average Days on Market

55

Average Home Size

1889 ft²

Average Home Age

74.5 years

Currently For Sale

414 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: PETE J FLEMING, HOWARD HANNA REAL ESTATE SERVI
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21086911
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 219 Ready Lane built and last sold?
The property at 219 Ready Lane was built in 1930 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 219 Ready Lane is $0.
What are some comparable homes to 219 Ready Lane?
There are currently no comparable homes to 219 Ready Lane.
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