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Dowagiac 49047
307 Jones Street
$5,500
● Land - Off Market

307 Jones Street

Dowagiac, MI 49047
bedrooms
Studio
bathrooms
0 Bath
$7,213
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

Cleared vacant lot on +/- 0.3 acres within the city limits of Dowagiac. The city water and sewer are already hooked up to build your dream home! (per township regulations)
Unit Size
-
Days on Market
-
Land Size
0.30 acres
Price per sqft
-
Property Type
Land
Property Taxes
$34
HOA Dues
-
Year Built
-

Payment Calculator

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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 #23000138)

Price History

Date / Event Date Event Price
Mar 22, 2023 Sold
Premium
Sold
Jan 3, 2023 Listed by Century 21 Affiliated $7,000
Listed by Century 21 Affiliated
Jan 10, 2005 Sold
Premium
Sold

Property Highlights

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: 8,712
  • 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: WA STOLLEY ADD
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: . DW 2270 LOT 7 W.A. STOLLEY ADD CITY OF DOWAGIAC.

Neighborhood

  • School District Name: Dowagiac Union Schools
  • School Tax School District: DOWAGIAC UNION
  • Census Tract: 002000

Geography

  • District: 160
  • Parcel: 14-160-200-855-00
  • Lot: 7
  • Municipality: DOWAGIAC CITY
  • Latitude: 41.9925
  • Longitude: -86.1039

    Address

  • Full Address: 307 Jones St
  • Address - House Number: 307
  • Address - Street Name: Jones
  • Address - Suffix Type: St
  • State: MI
  • City Name: Dowagiac
  • Carrier Code: C001
  • 4-Digit Zip Code: 1313
  • Zip Code: 49047

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $12,729

    Market Valuation

  • Market Total Value: $5,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,600

    Sales

  • Current Sale Contract Date: Dec 30, 2004
  • Current Sale Recording Date: Jan 10, 2005
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Jan 10, 2005
  • Previous Sale Contract Date: Dec 30, 2004
  • Previous Sale Amount: $43,500
  • Previous 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 Dowagiac

Stats & Trends

Median Asking:

$140,000

Sale Price/ft²

$113

Below Asking

0.03%

Average Days on Market

55

Average Home Size

1331 ft²

Average Home Age

84.9 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

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MichRIC

Listed by: Martha Hassle, Century 21 Affiliated
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 23000138
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 307 Jones Street built and last sold?
The property at 307 Jones Street was built in and last sold on Dec 30, 2004 for $0.
How much is this home worth?
The estimated value of the home located at 307 Jones Street is $0.
What are some comparable homes to 307 Jones Street?
There are currently no comparable homes to 307 Jones Street.
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