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Van Buren 49071
24407 Vargas Drive
$315,000
● House - Off Market

24407 Vargas Drive

Mattawan, MI 49071
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,472 Ft²
$1,873
Est. Monthly
4.70%
Cap Rate

About This Property

Quality Build Mattawan Home .6-acre lot. Tiled entrance, 3 Bedrooms 2 1/2 Baths. Spacious Living room with cathedral ceiling, Gas Fireplace with Build-in Shelves on both side of Fireplace. Kitchen features, Oak Cabinets, Tile flooring, Walk in Pantry, Breakfast bar, Dining area with Slider to Deck and yard. Main floor Laundry, Primary bedroom with large walk-in closet, private bathroom. 2 more bedrooms with Full Bath is located off the living room. Basement 2 Daylight windows and plumbed for the 4th bathroom. Privacy fenced yard has plenty room for entertaining, gardening, etc. Plus, Underground Sprinklers. Move in Ready Home.
Unit Size
1,472 Ft²
Days on Market
51 days
Land Size
0.62 acres
Price per sqft
$217
Property Type
House
Property Taxes
$306
HOA Dues
-
Year Built
2005

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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: 7 months ago (MichRIC MLS #25000004)

Price History

Date / Event Date Event Price
Feb 21, 2025 Sold
Premium
Sold
Feb 7, 2025 In contract -
In contract
Feb 4, 2025 Price Decreased $319,000
↓ $20K (5.9%)
Price Decreased
Jan 1, 2025 Listed by Evenboer Walton, REALTORS $339,000
Listed by Evenboer Walton, REALTORS
Jul 14, 2016 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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: 1,472
  • Garage Type: 7
  • Garage Square Area: 588
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,472
  • Building Area: 1,472
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,472
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BROWNSTONE
  • Land Acres: 0000001000
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: 503-E72 2-3-13 1359-587 1390-147 1450-237 1575-833 1638-703 *** LOT 72 BROWNSTONE *** SPLIT ON 3 JULY 2003 FROM

Neighborhood

  • School District Name: Mattawan Consolidated School
  • School Tax School District: MATTAWAN
  • Census Tract: 011900

Zoning

  • Zoning: R2

Geography

  • Assessors Map Reference: 503-E72
  • District: 02
  • Parcel: 80-02-065-072-00
  • Lot: 72
  • Municipality: ANTWERP TWP
  • Latitude: 42.2437
  • Longitude: -85.7898

    Address

  • Full Address: 24407 Vargas
  • Address - House Number: 24407
  • Address - Street Name: Vargas
  • State: MI
  • City Name: Mattawan
  • Carrier Code: R004
  • 4-Digit Zip Code: 8851
  • Zip Code: 49071

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $109,938
  • Tax Rate Code Area: 80020

    Appraisal Valuation

  • Standard Deviation: 0.2757
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 60
  • Final Value: 331,708
  • High Value: 423,167
  • Low Value: 240,249

    Market Valuation

  • Market Total Value: $257,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $128,600

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 08, 2016
  • Current Sale Recording Date: Jul 14, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Nov 17, 2005
  • Previous Sale Contract Date: Nov 11, 2005
  • Previous Sale Amount: $172,000
  • 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 Van Buren

Stats & Trends

Median Asking:

$329,000

Sale Price/ft²

$182

Below Asking

0.03%

Average Days on Market

57

Average Home Size

2067 ft²

Average Home Age

60.9 years

Currently For Sale

230 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: Julie A Soudek, Evenboer Walton, REALTORS
Last Updated: 7 months ago
Data Source: MichRIC, MLS# 25000004
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 24407 Vargas Drive built and last sold?
The property at 24407 Vargas Drive was built in 2005 and last sold on Jul 8, 2016 for $189,900.
How much is this home worth?
The estimated value of the home located at 24407 Vargas Drive is $309,819.
What are some comparable homes to 24407 Vargas Drive?
There are currently no comparable homes to 24407 Vargas Drive.
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