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Van Buren 49055
27121 County Road 388
$148,000
● House - Off Market

27121 County Road 388

Gobles, MI 49055
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,894 Ft²
$861
Est. Monthly
10.21%
Cap Rate

About This Property

MOTIVATED SELLER!!! PRICE REDUCTION of 20k!!! Several updates already done! Many new windows, vinyl flooring, new bathroom, and Roof was replaced in 2021. Large, parklike backyard, peaceful country setting, yet close to the Kal-Haven Bike Trail, Lake Michigan, Kalamazoo & Paw Paw wineries, shopping, restaurants & 2 ski resorts all nearby.
Unit Size
1,894 Ft²
Days on Market
143 days
Land Size
0.58 acres
Price per sqft
$79
Property Type
House
Property Taxes
$124
HOA Dues
-
Year Built
1900

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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: 12 months ago (MichRIC MLS #23140334)

Price History

Date / Event Date Event Price
Mar 28, 2024 Sold
Premium
Sold
Oct 30, 2023 Listed by Key Realty $149,900
Listed by Key Realty
Feb 15, 2005 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 1,036
  • Garage Type: 7
  • Garage Square Area: 324
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 26,136
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,510
  • Building Area: 1,510
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,510
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VILLAGE OF KENDALL
  • Land Acres: 0000000600
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: 600 1-13 601-48 1431-459 LOTS 72-73 VILLAGE OF KENDALL.

Neighborhood

  • School District Name: Gobles Public School District
  • School Tax School District: GOBLES
  • Census Tract: 010102

Zoning

  • Zoning: CALL

Geography

  • Assessors Map Reference: 600
  • District: 15
  • Parcel: 80-15-065-044-00
  • Lot: 72-73
  • Municipality: PINE GROVE TWP
  • Latitude: 42.3611
  • Longitude: -85.8153

    Address

  • Full Address: 27121 County Road 388
  • Address - House Number: 27121
  • Address - Street Name: County Road 388
  • State: MI
  • City Name: Gobles
  • Carrier Code: R002
  • 4-Digit Zip Code: 9204
  • Zip Code: 49055

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $29,406
  • Tax Rate Code Area: 80150

    Appraisal Valuation

  • Standard Deviation: 0.1196
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 87
  • Final Value: 161,835
  • High Value: 181,199
  • Low Value: 142,470

    Market Valuation

  • Market Total Value: $114,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $57,200

    Sales

  • Current Sale Contract Date: Jan 26, 2005
  • Current Sale Recording Date: Feb 15, 2005
  • Current Sale Price:
    Premium
  • Current 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

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MichRIC

Listed by: Michelle Morton, Key Realty
Last Updated: 12 months ago
Data Source: MichRIC, MLS# 23140334
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 27121 County Rd 388 built and last sold?
The property at 27121 County Rd 388 was built in 1900 and last sold on Jan 26, 2005 for $50,000.
How much is this home worth?
The estimated value of the home located at 27121 County Rd 388 is $0.
What are some comparable homes to 27121 County Rd 388?
There are currently no comparable homes to 27121 County Rd 388.
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