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Dowagiac 49047
301 Chestnut Street
$75,000
● House - Off Market

301 Chestnut Street

Dowagiac, MI 49047
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,412 Ft²
$465
Est. Monthly
23.66%
Cap Rate

About This Property

This home in the City of Dowagiac has 3 bedrooms, and 1.5 bathrooms. It sits on a corner lot and has a 1 car detached garage. With some TLC and personal touches, it would make a great starter home or Investment property.

Home is being sold AS IS

Roof is 5-6 years old.
Unit Size
1,412 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$53
Property Type
House
Property Taxes
$97
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 #24029623)

Price History

Date / Event Date Event Price
Aug 9, 2024 Sold
Premium
Sold
Jun 14, 2024 In contract -
In contract
Jun 11, 2024 Listed by Cressy & Everett Real Estate $75,000
Listed by Cressy & Everett Real Estate

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: 3,485
  • 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: ORIGINAL CITY OF DOWAGIAC
  • Land Acres: 0000000080
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: . DW 57 COM NELY COR LOT 64, TH SWLY ON SELY LINE LOTS 64 & 63 70 FT, NWLY AT RT ANG 51 1/2 FT, NELY AT RT ANG 70 FT TO NELY

Neighborhood

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

Geography

  • District: 160
  • Parcel: 14-160-100-041-00
  • Lot: 1-2
  • Municipality: DOWAGIAC CITY
  • Latitude: 41.9801
  • Longitude: -86.1143

    Address

  • Full Address: 301 Chestnut St
  • Address - House Number: 301
  • Address - Street Name: Chestnut
  • Address - Suffix Type: St
  • State: MI
  • City Name: Dowagiac
  • Carrier Code: C002
  • 4-Digit Zip Code: 1901
  • Zip Code: 49047

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $78,738

    Appraisal Valuation

  • Standard Deviation: 0.2671
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 46
  • Final Value: 103,586
  • High Value: 131,256
  • Low Value: 75,915

    Market Valuation

  • Market Total Value: $75,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $37,700

    Exemptions

  • Homeowner Exemption: Yes
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 Dowagiac

Stats & Trends

Median Asking:

$140,000

Sale Price/ft²

$114

Below Asking

0.03%

Average Days on Market

57

Average Home Size

1361 ft²

Average Home Age

84.4 years

Currently For Sale

21 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

Unit for rent at 105 Beeson Street, Dowagiac, MI, 49047

$1,700 /mo

  • 2 Beds
  • 1 Bath
  • 1,200 ft²
105 Beeson Street #A, Dowagiac, MI, 49047 Listing by Matthew Money

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Renee Meiser, Cressy & Everett Real Estate
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24029623
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 301 Chestnut Street built and last sold?
The property at 301 Chestnut Street was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 301 Chestnut Street is $84,012.
What are some comparable homes to 301 Chestnut Street?
There are currently no comparable homes to 301 Chestnut Street.
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