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Cassopolis 49031
238 N 1st Street
$184,900
● House - Off Market

238 N 1st Street

Cassopolis, MI 49031
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,616 Ft²
$1,110
Est. Monthly
8.43%
Cap Rate

About This Property

Stunning remodeled raised ranch on a double lot. 1,616 finished SQFT of living space above grade. Inside has been completely updated from new kitchen & bath, drywall, paint, flooring and more. This is turnkey home featuring walkout basement with rec room, additional bedroom and bonus storage /mechanical room. The large yard offers ample off-street parking, rec area and storage shed.
Unit Size
1,616 Ft²
Days on Market
212 days
Land Size
0.40 acres
Price per sqft
$114
Property Type
House
Property Taxes
$201
HOA Dues
-
Year Built
-

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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 #24057741)

Price History

Date / Event Date Event Price
Jun 4, 2025 Sold
Premium
Sold
Apr 30, 2025 In contract -
In contract
Mar 12, 2025 Price Decreased $184,900
↓ $4K (2.1%)
Price Decreased
Jan 21, 2025 Price Decreased $188,900
↓ $1K (0.5%)
Price Decreased
Nov 4, 2024 Listed by Weichert Realtors-Gold Star $189,900
Listed by Weichert Realtors-Gold Star
Show More

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • 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: 8,712
  • Lot Size Frontage Feet: 0
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FAIR GROUND HEIGHTS ADD
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: 499-128 340-591 V-646 LOT 56 FAIR GROUND HEIGHTS ADD VIL CASSOPOLIS.

Neighborhood

  • School District Name: Cassopolis Public Schools
  • School Tax School District: CASSOPOLIS
  • Census Tract: 002100

Geography

  • District: 040
  • Parcel: 14-041-170-056-00
  • Lot: 56
  • Municipality: CASSOPOLIS VILLAGE
  • Latitude: 41.9143
  • Longitude: -86.0044

    Address

  • Full Address: 238 N 1st St
  • Address - House Number: 238
  • Street Direction: N
  • Address - Street Name: 1st
  • Address - Suffix Type: St
  • State: MI
  • City Name: Cassopolis
  • Carrier Code: R001
  • 4-Digit Zip Code: 1115
  • Zip Code: 49031

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $17,590
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.4548
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 9
  • Final Value: 51,638
  • High Value: 75,126
  • Low Value: 28,149

    Market Valuation

  • Market Total Value: $63,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $31,900

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 07, 2024
  • Current Sale Recording Date: Mar 13, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 210164
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 Cassopolis

Stats & Trends

Median Asking:

$182,000

Sale Price/ft²

$118

Below Asking

0.04%

Average Days on Market

49

Average Home Size

1553 ft²

Average Home Age

70.7 years

Currently For Sale

7 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: Jeffrey A Brown, Weichert Realtors-Gold Star
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24057741
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 238 North 1st Street built and last sold?
The property at 238 North 1st Street was built in and last sold on Mar 7, 2024 for $21,500.
How much is this home worth?
The estimated value of the home located at 238 North 1st Street is $190,987.
What are some comparable homes to 238 North 1st Street?
There are currently no comparable homes to 238 North 1st Street.
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