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Cass 49031
28500 M-60
$265,000
↓ $6K (2.3%)
● House - Off Market

28500 M-60

Cassopolis, MI 49031
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,418 Ft²
$1,360
Est. Monthly
6.89%
Cap Rate

About This Property

Beautiful contemporary home in the country on an acre+. Gorgeous on trend design with open concept kitchen and dining. Beautiful new kitchen with new stainless appliances. Cabinets have slow close doors and drawers. New continuous LVP flooring throughout. Three bedrooms and two New full baths. First floor laundry. New a/c, New roof, New driveway, New large wrap around deck. New exterior entry doors and interior doors. New water heater. New water softener.  New garage door opener. Lower level has extra Flex space and is a walkout through the heated and a/c garage. There are some fenced gardens in the back yard waiting for a green thumb. The garage has abundance of storage and workshop space.
Unit Size
1,418 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$183
Property Type
House
Property Taxes
$88
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 #24031701)

Price History

Date / Event Date Event Price
Oct 24, 2024 Price Decreased $259,000
↓ $6K (2.3%)
Price Decreased
Oct 24, 2024 Sold
Premium
Sold
Sep 12, 2024 No longer available -
No longer available
Sep 6, 2024 Relisted $264,000
Relisted
Jul 26, 2024 In contract -
In contract
Show More

Property Highlights

Garage
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: 43,560
  • Lot Size Frontage Feet: 0
  • 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
  • Land Acres: 0000001000
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: . 170A SEC 13 T7S R16W COM WHERE N SIDE M-60 INTERSECTS N & S CEN LINE OF SEC, TH N 20 RDS, TH W 8 RDS, TH S 20 RDS, TH E 8

Neighborhood

  • School District Name: Niles Community School District
  • School Tax School District: NILES
  • Census Tract: 002202

Geography

  • District: 020
  • Parcel: 14-020-013-006-00
  • Municipality: HOWARD TWP
  • Latitude: 41.8683
  • Longitude: -86.1177

    Address

  • Full Address: 28500 M 60
  • Address - House Number: 28500
  • Address - Street Name: M 60
  • State: MI
  • City Name: Cassopolis
  • Carrier Code: R002
  • 4-Digit Zip Code: 9682
  • Zip Code: 49031

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $45,521

    Appraisal Valuation

  • Standard Deviation: 0.1292
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 85
  • Final Value: 129,821
  • High Value: 146,604
  • Low Value: 113,037

    Market Valuation

  • Market Total Value: $93,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $46,500

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 16, 2024
  • Current Sale Recording Date: Feb 23, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 54
  • Current Sale Input Document Number: 209824
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 Cass

Stats & Trends

Median Asking:

$300,000

Sale Price/ft²

$178

Below Asking

0.03%

Average Days on Market

65

Average Home Size

1962 ft²

Average Home Age

60.6 years

Currently For Sale

164 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: Melanie Brennan, Weichert Realtors-Gold Star
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24031701
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 28500 Michigan 60 built and last sold?
The property at 28500 Michigan 60 was built in and last sold on Feb 16, 2024 for $114,500.
How much is this home worth?
The estimated value of the home located at 28500 Michigan 60 is $0.
What are some comparable homes to 28500 Michigan 60?
There are currently no comparable homes to 28500 Michigan 60.
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