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Cass 49047
28540 Fairlane Drive
$214,900
● House - Off Market

28540 Fairlane Drive

Dowagiac, MI 49047
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,844 Ft²
$279,063
RealtyHop Estimate
29.86%
Since Feb 1, 2021
National-US
Primary Model

About This Property

Welcome to Fairlane Drive! This well cared for home is located at the end Meadowbrook Subdivision and rests on a spacious lot overlooking the Silver Creek stream. The interior features an eat-in kitchen with granite counters/new backsplash, formal dining room, spacious living room with a stone gas fireplace, additional family room with access to the outside patio, and a completely finished basement! The upper level houses three oversized bedrooms and two bathrooms. Additionally, there is an attached 2-car garage and storage shed. Located close to Russom Park! Schedule your private showing today.
Unit Size
1,844 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$117
Property Type
House
Property Taxes
$182
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 #20046291)

Price History

Date / Event Date Event Price
Jan 8, 2021 Sold
Premium
Sold
Nov 4, 2020 Listed by Cressy & Everett Real Estate $214,900
Listed by Cressy & Everett Real Estate

Property Highlights

Air Conditioning
Fireplace
Garage

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: 15,682
  • 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
  • Subdivision: MEADOWBROOK SUB
  • Land Acres: 0000000360
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: 334155 1644 5S-16W LOT 14 MEADOWBROOK.

Neighborhood

  • School District Name: Dowagiac Union Schools
  • School Tax School District: DOWAGIAC UNION
  • Census Tract: 001901

Geography

  • District: 130
  • Parcel: 14-130-330-014-00
  • Lot: 14
  • Municipality: SILVERCREEK TWP
  • Latitude: 42.0031
  • Longitude: -86.1175

    Address

  • Full Address: 28540 Fairlane Dr
  • Address - House Number: 28540
  • Address - Street Name: Fairlane
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Dowagiac
  • Carrier Code: R005
  • 4-Digit Zip Code: 9208
  • Zip Code: 49047

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $151,554

    Appraisal Valuation

  • Standard Deviation: 0.2596
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 63
  • Final Value: 364,780
  • High Value: 459,485
  • Low Value: 270,075

    Market Valuation

  • Market Total Value: $329,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $164,500

    Sales

  • Current Sale Contract Date: Jan 05, 2021
  • Current Sale Recording Date: Jan 08, 2021
  • 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 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

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MichRIC

Listed by: Shelly Myers, Cressy & Everett Real Estate
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 20046291
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 28540 Fairlane Drive built and last sold?
The property at 28540 Fairlane Drive was built in and last sold on Jan 5, 2021 for $214,900.
How much is this home worth?
The estimated value of the home located at 28540 Fairlane Drive is $226,578.
What are some comparable homes to 28540 Fairlane Drive?
There are currently no comparable homes to 28540 Fairlane Drive.
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