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Calhoun 49068
2311 Nottawassipee Lk Road
$765,000
● House - Off Market

2311 Nottawassipee Lk Road

Marshall, MI 49068
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,651 Ft²
$4,888
Est. Monthly
2.31%
Cap Rate

About This Property

180' OF SANDY FRONTAGE ON ALL-SPORT NOTTAWA LAKE. This completely updated 2437 sq/ft home is designed to give you every advantage of lake living. Water views from every living space, flat lot with no steps from house to water, double parcel with all the parking you could possibly need, no matter the size of your gathering, and vacant lots on each side to ensure your privacy. Property includes 32x40 insulated and heated outbuilding, gas fire table on the highest-grade Trex decking, even a rock-climbing wall for rainy day fun. Unified flow in both layout and materials with precision you will need to see. (Please request the detail list.) Skip the hassle of a major remodel and call us now - This beautiful property can be yours. Call Realtor Dustin Damon at
Unit Size
2,651 Ft²
Days on Market
-
Land Size
1.16 acres
Price per sqft
$302
Property Type
House
Property Taxes
$959
HOA Dues
-
Year Built
1985

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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 #24041916)

Price History

Date / Event Date Event Price
Mar 21, 2025 Sold
Premium
Sold
Feb 22, 2025 In contract -
In contract
Jan 11, 2025 Price Decreased $799,900
↓ $40K (4.8%)
Price Decreased
Oct 28, 2024 Price Decreased $840,000
↓ $10K (1.2%)
Price Decreased
Aug 12, 2024 Listed by RE/MAX Perrett Associates $850,000
Listed by RE/MAX Perrett Associates
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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 Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 598
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 50,399
  • Total Building Area: 2,532
  • Building Area: 2,532
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,532
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TILLOTSONS ADDITION
  • Land Acres: 0000001157
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: TEKONSHA TWP/T4S R6W, SEC 3: PART SE1/4 COM 403.15 FT W & S28DEG 31'20"W145.75 FT & S61DEG 28'40"E 223.26 FT FROM E1/4 COR

Neighborhood

  • School District Name: Tekonsha Community Schools
  • School Tax School District: TEKONSHA
  • Census Tract: 002900

Zoning

  • Zoning: AR-AGRI &

Geography

  • District: 20
  • Parcel: 20-103-032-00
  • Meridian: SEC 03 TWN 04S RNG 06W
  • Municipality: TEKONSHA TWP
  • Latitude: 42.1521
  • Longitude: -84.9831

    Address

  • Full Address: 2311 Nottawassipee Lake Rd
  • Address - House Number: 2311
  • Address - Street Name: Nottawassipee Lake
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Marshall
  • Carrier Code: R002
  • 4-Digit Zip Code: 9238
  • Zip Code: 49068

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,069,490

    Appraisal Valuation

  • Standard Deviation: 0.2321
  • Valuation Date: Jul 05, 2023
  • Confidence Score: 67
  • Final Value: 644,876
  • High Value: 794,570
  • Low Value: 495,181

    Market Valuation

  • Market Total Value: $524,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $262,250

    Sales

  • Current Sale Contract Date: Oct 29, 2021
  • Current Sale Recording Date: Nov 09, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Apr 21, 2009
  • Previous Sale Contract Date: Mar 25, 2009
  • Previous Sale Amount: $152,000
  • Previous Sale Document Type: 51
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

Rentals Near You

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MichRIC

Listed by: Dustin Damon, RE/MAX Perrett Associates
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24041916
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 2311 Nottawassipee Lake Rd built and last sold?
The property at 2311 Nottawassipee Lake Rd was built in 1985 and last sold on Oct 29, 2021 for $750,000.
How much is this home worth?
The estimated value of the home located at 2311 Nottawassipee Lake Rd is $785,080.
What are some comparable homes to 2311 Nottawassipee Lake Rd?
There are currently no comparable homes to 2311 Nottawassipee Lake Rd.
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