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St. Joseph 49072
27363 Michigan Avenue
$120,000
● House - Off Market

27363 Michigan Avenue

Mendon, MI 49072
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,650 Ft²
$659
Est. Monthly
17.31%
Cap Rate

About This Property

FOR COMP PURPOSE ONLY - Looking for that perfect country setting that you can make your own? Check out this 5A parcel with a home that needs some work, but has tremendous potential! Currently the home has 4beds and 1 bath with open concept Kitchen, Dining and Living areas. Full unfinished basement has lots of space for finishing into a family room, or more. Home is in an Estate, and the seller will not pay for any inspections or make any repairs. Selling in AS-IS condition.
Unit Size
1,650 Ft²
Days on Market
-
Land Size
5.30 acres
Price per sqft
$73
Property Type
House
Property Taxes
$69
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 #24016420)

Price History

Date / Event Date Event Price
Apr 8, 2024 Listed by HG Real Estate $120,000
Listed by HG Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 352
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 223,463
  • Lot Size Depth Feet: 2,500
  • Lot Size Frontage Feet: 2,500
  • Total Building Area: 1,624
  • Building Area: 1,624
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,624
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000005130
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: E 350 FT OF W 787 FT OF N1/ 2 NE 1/4 NW 1/4 SEC 13 T5S R10W. 5.3 A M/L

Neighborhood

  • School District Name: Mendon Community School District
  • School Tax School District: MENDON
  • Census Tract: 041000

Zoning

  • Zoning: A-AGI

Geography

  • District: 010
  • Parcel: 010-013-003-40
  • Meridian: SEC 13 TWN 05S RNG 10W
  • Municipality: MENDON TOWNSHIP
  • Latitude: 42.0423
  • Longitude: -85.423

    Address

  • Full Address: 27363 Michigan Ave
  • Address - House Number: 27363
  • Address - Street Name: Michigan
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Mendon
  • Carrier Code: R011
  • 4-Digit Zip Code: 9718
  • Zip Code: 49072

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $26,211

    Appraisal Valuation

  • Standard Deviation: 0.2443
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 65
  • Final Value: 200,453
  • High Value: 249,431
  • Low Value: 151,474

    Market Valuation

  • Market Total Value: $135,400
  • Market Land Value: $31,400
  • Market Improvement Value: $104,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $67,700
  • Assessed Land Value: $15,700
  • Assessed Improvements Value: $52,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 01, 1901
  • Current Sale Recording Date: Jan 01, 1901
  • Current Sale Document Type: 27
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: Garrett Hall, HG Real Estate
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24016420
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 27363 Michigan Avenue built and last sold?
The property at 27363 Michigan Avenue was built in and last sold on Jan 1, 1901 for $0.
How much is this home worth?
The estimated value of the home located at 27363 Michigan Avenue is $0.
What are some comparable homes to 27363 Michigan Avenue?
There are currently no comparable homes to 27363 Michigan Avenue.
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