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Pentwater 49449
259 5th Street
$199,000
● House - Off Market

259 5th Street

Pentwater, MI 49449
bedrooms
2 Beds
bathrooms
1 Bath
square feet
612 Ft²
$1,189
Est. Monthly
5.95%
Cap Rate

About This Property

This charming cottage in the Village of Pentwater is the perfect retreat, offering a convenient location just blocks from downtown, Pentwater Lake, and Lake Michigan beaches. With beautiful views of the marina and water from the backyard, you can enjoy a fire and relax on the back deck, surrounded by the charming atmosphere of this cozy cottage. Most everything inside the home can stay. Call today for more information!
Unit Size
612 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$325
Property Type
House
Property Taxes
$211
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 #24027398)

Price History

Date / Event Date Event Price
Jul 8, 2024 Sold
Premium
Sold
Jun 10, 2024 In contract -
In contract
May 31, 2024 Listed by Coldwell Banker Woodland Schmidt-Hart $199,000
Listed by Coldwell Banker Woodland Schmidt-Hart
Mar 2, 2007 Sold
Premium
Sold
May 13, 2004 Sold
Premium
Sold

Property Highlights

Fireplace

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: 13,228
  • 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: VILLAGE OF PENTWATER
  • Land Acres: 0000000303
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: 259 E 5TH ST WD-L2007P5026 RES-L2003P33062 SPL FR 007-00 IN 80 VILLAGE OF PENTWATER E 1/2 OF LOTS 7 & 8 BLOCK 25 & TH PT OF W

Neighborhood

  • School District Name: Pentwater Public School District
  • School Tax School District: PENTWATER
  • Census Tract: 010800

Geography

  • District: 044
  • Parcel: 044-695-007-50
  • Block: 25
  • Lot: 7-8
  • Municipality: VILLAGE OF PENTWATER
  • Latitude: 43.777
  • Longitude: -86.4292

    Address

  • Full Address: 259 5th St
  • Address - House Number: 259
  • Address - Street Name: 5th
  • Address - Suffix Type: St
  • State: MI
  • City Name: Pentwater
  • Carrier Code: R002
  • 4-Digit Zip Code: 8511
  • Zip Code: 49449

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $187,964
  • Tax Rate Code Area: 044

    Appraisal Valuation

  • Standard Deviation: 0.1237
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 75
  • Final Value: 86,159
  • High Value: 96,817
  • Low Value: 75,500

    Market Valuation

  • Market Total Value: $109,000
  • Market Land Value: $109,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $54,500
  • Assessed Land Value: $54,500

    Sales

  • Current Sale Contract Date: Feb 02, 2007
  • Current Sale Recording Date: Mar 02, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: May 13, 2004
  • Previous Sale Contract Date: May 10, 2004
  • Previous Sale Amount: $80,000
  • 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 Pentwater

Stats & Trends

Median Asking:

$495,000

Sale Price/ft²

$256

Below Asking

0.02%

Average Days on Market

40

Average Home Size

2479 ft²

Average Home Age

75.1 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: Katie Saunders, Coldwell Banker Woodland Schmidt-Hart
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24027398
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 259 5th Street built and last sold?
The property at 259 5th Street was built in and last sold on Feb 2, 2007 for $102,000.
How much is this home worth?
The estimated value of the home located at 259 5th Street is $212,553.
What are some comparable homes to 259 5th Street?
There are currently no comparable homes to 259 5th Street.
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