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Cass 49047
29314 Saddlebred Lane
$391,000
● House - Off Market

29314 Saddlebred Lane

Dowagiac, MI 49047
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,210 Ft²
$2,265
Est. Monthly
7.62%
Cap Rate

About This Property

WOW! Located at the end of Saddlebred Subdivision, this stunning 5 bed/2.5 bath home is sure to have something for everyone. Recently & tastefully remodeled, the interior features an open concept floor plan with vaulted ceilings, plenty of natural lighting & updated flooring. The gorgeous kitchen offers newer stainless steel appliances, quartz counters, subway tile backsplash, a spacious center island & access to the back deck. The primary suite includes a private bath & walk-in closet. The finished lower-level walkout is perfect for entertaining! Equipped with a bar area, fireplace, bathroom & guest bedroom that is currently used as an office. In addition, the property features a spacious & fenced-in 0.85 +/- acre lot, attached garage, & storage shed.
Unit Size
3,210 Ft²
Days on Market
93 days
Land Size
0.86 acres
Price per sqft
$125
Property Type
House
Property Taxes
$301
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: 2 years ago (MichRIC MLS #25016886)

Price History

Date / Event Date Event Price
Jul 24, 2025 Sold
Premium
Sold
Jun 15, 2025 In contract -
In contract
May 25, 2025 Price Decreased $399,900
↓ $15K (3.6%)
Price Decreased
May 12, 2025 Price Decreased $415,000
↓ $10K (2.4%)
Price Decreased
Apr 21, 2025 Listed by @properties Christie's Intl RE $425,000
Listed by @properties Christie's Intl RE
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 29
  • 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: 37,462
  • 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: MERRYWILL SHORES CONDOMINIUM
  • Land Acres: 0000000860
  • Standard Land Use Code: 1004
  • County Land Use Code: 401
  • Legal Description 1: 955 UNIT 17 MERRYWILL SHORES CONDOMINIUM

Neighborhood

  • School District Name: Dowagiac Union Schools
  • School Tax School District: DOWAGIAC UNION
  • Census Tract: 002201

Geography

  • District: 110
  • Parcel: 14-110-275-017-00
  • Municipality: POKAGON TWP
  • Latitude: 41.9726
  • Longitude: -86.1324

    Address

  • Full Address: 29314 Saddlebred Ln
  • Legal Unit: 17
  • Address - House Number: 29314
  • Address - Street Name: Saddlebred
  • Address - Suffix Type: Ln
  • State: MI
  • City Name: Dowagiac
  • Carrier Code: R001
  • 4-Digit Zip Code: 7739
  • Zip Code: 49047

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $130,816

    Appraisal Valuation

  • Standard Deviation: 0.2671
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 46
  • Final Value: 585,275
  • High Value: 741,616
  • Low Value: 428,933

    Market Valuation

  • Market Total Value: $375,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $187,900

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 22, 2004
  • Current Sale Recording Date: Jul 23, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
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: Martha Hassle, @properties Christie's Intl RE
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25016886
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 29314 Saddlebred Lane built and last sold?
The property at 29314 Saddlebred Lane was built in and last sold on Jul 22, 2004 for $205,000.
How much is this home worth?
The estimated value of the home located at 29314 Saddlebred Lane is $403,899.
What are some comparable homes to 29314 Saddlebred Lane?
There are currently no comparable homes to 29314 Saddlebred Lane.
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