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Allegan 49010
2935 Meade Road
$319,000
● House - Off Market

2935 Meade Road

Allegan, MI 49010
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,152 Ft²
$1,761
Est. Monthly
3.51%
Cap Rate

About This Property

Charming Lakefront Home on private Wetmore Lake! Year round enjoyment with serene lake views and abundant fishing. Many recent updates include: easy maintenance LVP flooring, Pine Plank ceilings 2 Full Baths with low-threshold, walk-in showers. upgraded electrical. vinyl replacement windows. Cozy eat-in kitchen with sliders to large deck overlooking lake. Lower Level walks out to Patio and Hot Tub area (hot tub negotiable but not included in sale price) Bedroom with large walk-in closet, and sitting area.  1 car detached garage + 12 x 16 Storage Bldg w/ Electric and 10 x 12 Storage Bldg. Beautifully landscaped with large Backyard sloping to waters edge with floating dock.
Unit Size
1,152 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$289
Property Type
House
Property Taxes
$126
HOA Dues
-
Year Built
1967

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Cap Rate Calculator

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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 #24026075)

Price History

Date / Event Date Event Price
Aug 29, 2024 Sold
Premium
Sold
Jul 25, 2024 In contract -
In contract
Jul 8, 2024 Price Decreased $332,900
↓ $7K (2.1%)
Price Decreased
May 22, 2024 Listed by Coldwell Banker Sneller Real Estate $339,900
Listed by Coldwell Banker Sneller Real Estate
Aug 3, 2007 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Building Count: 1
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 24
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 576
  • Garage Type: 7
  • Garage Square Area: 308
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,894
  • Lot Size Depth Feet: 2,150
  • Lot Size Frontage Feet: 600
  • Total Building Area: 576
  • Building Area: 576
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 576
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MEADE WETMORE LAKE PLAT
  • Land Acres: 0000000296
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 19 MEADE WETMORE LAKE PLAT SEC 3 T2N R13W.

Neighborhood

  • School District Name: Allegan Public Schools
  • School Tax School District: ALLEGAN
  • Census Tract: 031100

Zoning

  • Zoning: R-2 LO

Geography

  • District: 01
  • Parcel: 01-430-019-00
  • Lot: 19
  • Meridian: SEC 03 TWN 02N RNG 13W
  • Municipality: ALLEGAN TWP
  • Latitude: 42.5925
  • Longitude: -85.8341

    Address

  • Full Address: 2935 Meade Rd
  • Address - House Number: 2935
  • Address - Street Name: Meade
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Allegan
  • Carrier Code: R002
  • 4-Digit Zip Code: 9242
  • Zip Code: 49010

Valuation

    Tax

  • Tax Year: 2020
  • Tax Amount: $132,780

    Appraisal Valuation

  • Standard Deviation: 0.1874
  • Valuation Date: Jun 22, 2022
  • Confidence Score: 75
  • Final Value: 191,302
  • High Value: 227,153
  • Low Value: 155,452

    Market Valuation

  • Market Total Value: $121,000
  • Market Land Value: $62,200
  • Market Improvement Value: $58,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $60,500
  • Assessed Land Value: $31,100
  • Assessed Improvements Value: $29,400

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 31, 2007
  • Current Sale Recording Date: Aug 03, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Dec 17, 1990
  • Previous Sale Contract Date: Dec 17, 1990
  • Previous 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 Allegan

Stats & Trends

Median Asking:

$365,000

Sale Price/ft²

$202

Below Asking

0.02%

Average Days on Market

52

Average Home Size

2158 ft²

Average Home Age

49.9 years

Currently For Sale

323 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: Carol L Sneller, Coldwell Banker Sneller Real Estate
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24026075
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 2935 Meade Road built and last sold?
The property at 2935 Meade Road was built in 1967 and last sold on Jul 31, 2007 for $129,100.
How much is this home worth?
The estimated value of the home located at 2935 Meade Road is $0.
What are some comparable homes to 2935 Meade Road?
There are currently no comparable homes to 2935 Meade Road.
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