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St. Joseph 49091
25774 Rainbow Drive
$144,900
● House - Off Market

25774 Rainbow Drive

Sturgis, MI 49091
bedrooms
2 Beds
bathrooms
1 Bath
square feet
898 Ft²
$220,353
RealtyHop Estimate
47.00%
Since Jul 1, 2019
National-US
Primary Model

About This Property

ENJOY THE SUMMER RIGHT AWAY IN THIS EXTREMELY WELL MAINTAINED HOME ON ALL SPORTS SAND LAKE. This cute 2 bedroom home features a 3 season room with lovely views of the lake, an attached garage that is used as another family room in the summer, plus, another independent guest bedroom on the property with a refrigerator and wall  A/C unit. In addition, there is another detached garage plus a shed for additional storage. The 50' of lake frontage has a nice sandy beach for swimming along with a seawall. The back yard is fenced in for the toddlers and pets. Located of the main highway on quiet, low traffic Rainbow Drive and facing west, you will be treated to gorgeous sunsets throughout the year.
Unit Size
898 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$167
Property Type
House
Property Taxes
$167
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: 3 years ago (MichRIC MLS #19020135)

Price History

Date / Event Date Event Price
Jul 23, 2019 Sold
Premium
Sold
May 10, 2019 Listed by Cressy & Everett Real Estate $149,900
Listed by Cressy & Everett Real Estate

Property Highlights

Air Conditioning

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: 10,454
  • Lot Size Depth Feet: 2,090
  • Lot Size Frontage Feet: 500
  • 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: WRIGHTS SAND LAKE SUB-DIV
  • Land Acres: 0000000240
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 24 WRIGHTS SAND LAKE SUB-DIV SEC. 34 T6S R10W.

Neighborhood

  • School District Name: Nottawa Community School
  • School Tax School District: NOTTAWA
  • Census Tract: 041301

Geography

  • District: 012
  • Parcel: 012-170-024-00
  • Lot: 24
  • Meridian: SEC 34 TWN 06S RNG 10W
  • Municipality: NOTTAWA TOWNSHIP
  • Latitude: 41.9111
  • Longitude: -85.4535

    Address

  • Full Address: 25774 Rainbow Dr
  • Address - House Number: 25774
  • Address - Street Name: Rainbow
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Sturgis
  • Carrier Code: R006
  • 4-Digit Zip Code: 9388
  • Zip Code: 49091

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $56,099

    Appraisal Valuation

  • Standard Deviation: 0.227
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 68
  • Final Value: 190,893
  • High Value: 234,236
  • Low Value: 147,550

    Market Valuation

  • Market Total Value: $135,600
  • Market Land Value: $51,200
  • Market Improvement Value: $84,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $67,800
  • Assessed Land Value: $25,600
  • Assessed Improvements Value: $42,200

    Sales

  • Current Sale Contract Date: Jun 28, 2019
  • Current Sale Recording Date: Jul 23, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Jul 22, 2019
  • Previous Sale Contract Date: Jun 28, 2019
  • Previous Sale Amount: $145,000
  • 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 St. Joseph

Stats & Trends

Median Asking:

$240,000

Sale Price/ft²

$153

Above Asking

0.00%

Average Days on Market

58

Average Home Size

2070 ft²

Average Home Age

73.8 years

Currently For Sale

147 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: Dennis Bamber, Cressy & Everett Real Estate
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 19020135
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 25774 Rainbow Drive built and last sold?
The property at 25774 Rainbow Drive was built in and last sold on Jun 28, 2019 for $144,900.
How much is this home worth?
The estimated value of the home located at 25774 Rainbow Drive is $150,866.
What are some comparable homes to 25774 Rainbow Drive?
There are currently no comparable homes to 25774 Rainbow Drive.
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