Jackson
274 Steves Scenic Drive
$902,500
●
House -
Off Market
274 Steves Scenic Drive
Horton, MI 49246
4 Beds
3 Baths
2,437 Ft²
$5,267
Est. Monthly
3.41%
Cap Rate
About This Property
PREMIER LAKEFRONT LIVING WITH HARD PACKED SANDY BEACH IN THE
ULTIMATE ''NORTHERN MICHIGAN'' SETTING! Explore Pure Michigan in
this private 0.84 acre setting, all-sport Farwell Lake.
Breathtaking MAIN LAKE lake views carved around shade trees,
multiple outdoor entertaining spaces, Trex deck w/elevated views &
lush, irrigated lawns sprawling across a LEVEL LOT to 60 ft of
crystal clear, spring-fed waters. Steel seawall & waters edge
stamped concrete patio. COMPLETELY RENOVATED inside & out!
4BDRM/3BA home featuring a stunning kitchen w/Kraftmaid cabinets,
Quartz tops, luxury island & SS appliances. Primary ensuite,
walk-in tile shower & dual closets. Finished walkout. BRAND NEW
30x40 2nd garage w/10ft ceiling, new concrete drive, sliders,
windows, doors, whole house generator & so much more
Unit Size
2,437 Ft²
Days on Market
-
Land Size
0.84 acres
Price per sqft
$390
Property Type
House
Property Taxes
$602
HOA Dues
-
Year Built
1979
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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 #24031379)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 31, 2024 | Sold | ||
| Sold | |||
| Jul 19, 2024 | In contract | - | |
| In contract | |||
| Jun 20, 2024 | No longer available | - | |
| No longer available | |||
| Jun 20, 2024 | Listed by RE/MAX MID-MICHIGAN R.E. | $950,000 | |
| Listed by RE/MAX MID-MICHIGAN R.E. | |||
| Jul 27, 2023 | Listed by RE/MAX MID-MICHIGAN R.E. | $999,999 | |
| Listed by RE/MAX MID-MICHIGAN R.E. | |||
| | |||
|
SOUTHERN MICHIGAN'S MOST DESIRED NATURAL, SPRING FED LAKE ESTATE WITH 6+CAR GARAGE & LEVEL LOT TO SANDY WATERS EDGE! Private & stunning 4BR/3BA home w/over 2400 fin sq ft. Brand new concrete driveway winds into the 0.84 acre setting overlooking the main lk & turquoise waters. Completely renovated since 2021 w/an open floor plan, sprawling main flr great rm, hardwood flrs & walls of windows to gaze over lush irrigated lawns, private dock & stamped/colored lakeside patio. Custom kitchen-soft-close Kraftsmaid cabinets, SS appliances, Quartz counters & island. Primary ensuite dual closets & walk-in tile shower. Brand new 30x40 garage w/10 ft ceiling, concrete flrs, metal rf, elec. New vinyl siding, stacked stone accents, rf on 28x32 garage, spray foam insulation, plumbing, auto generator.
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About Jackson
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Listed by: Stephanie Bosanac-Mortimer, RE/MAX MID-MICHIGAN R.E.
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24031379
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.
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24031379
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