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Buchanan 49107
309 Mc Cumber Street
$321,000
● House - Off Market

309 Mc Cumber Street

Buchanan, MI 49107
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,045 Ft²
$1,745
Est. Monthly
11.54%
Cap Rate

About This Property

Welcome home to this beautiful property featuring 4 spacious bedrooms and 3 full baths.   This home has been tastefully updated with all the modern features such as Granite countertops, subway tile backsplash, Bamboo wood flooring, tile walk-in shower in primary bath, main floor laundry, spacious walk-in closets, French doors that lead to a 12x14 composite deck. The basement is finished and offers 1 bedroom w/egress window, living area and the 3rd full bath.  There is a 2 car attached garage that is insulated and heated.  New roof & windows 2014. The backyard is fenced-in and has a storage shed.  This home is absolutely move-in ready so schedule a showing today as it won't last long.
Unit Size
2,045 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$159
Property Type
House
Property Taxes
$150
HOA Dues
-
Year Built
1954

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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 #24026104)

Price History

Date / Event Date Event Price
Aug 30, 2024 Sold
Premium
Sold
Jul 27, 2024 In contract -
In contract
Jul 9, 2024 Price Decreased $324,900
↓ $5K (1.6%)
Price Decreased
Jul 1, 2024 Relisted $330,000
Relisted
Jun 29, 2024 In contract -
In contract
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 9
  • Basement Area: 744
  • Garage Type: 7
  • Garage Square Area: 500
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,492
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,344
  • Building Area: 1,344
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,344
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MC CUMBERS ADD
  • Land Acres: 0000000172
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 16 MC CUMBERS ADD TO CITY OF BUCHANAN EXC THE S 7' OF W 57' THEREOF

Neighborhood

  • School District Name: Buchanan Community School District
  • School Tax School District: BUCHANAN
  • Census Tract: 020200

Zoning

  • Zoning: R-1 SIN

Geography

  • Assessors Map Reference: 026-4
  • District: 58
  • Parcel: 58-4950-0016-00-0
  • Lot: 16
  • Municipality: BUCHANAN CITY
  • Latitude: 41.8301
  • Longitude: -86.3713

    Address

  • Full Address: 309 Mccumber St
  • Legal Unit: 16
  • Address - House Number: 309
  • Address - Street Name: Mccumber
  • Address - Suffix Type: St
  • State: MI
  • City Name: Buchanan
  • Carrier Code: C001
  • 4-Digit Zip Code: 1132
  • Zip Code: 49107

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $168,606

    Appraisal Valuation

  • Standard Deviation: 0.3113
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 37
  • Final Value: 105,943
  • High Value: 138,932
  • Low Value: 72,953

    Market Valuation

  • Market Total Value: $129,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $64,900

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 12, 2004
  • Current Sale Recording Date: Oct 25, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Aug 16, 1993
  • Previous Sale Contract Date: Aug 16, 1993
  • Previous Sale Amount: $100
  • 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 Buchanan

Stats & Trends

Median Asking:

$189,500

Sale Price/ft²

$133

Below Asking

0.03%

Average Days on Market

49

Average Home Size

1963 ft²

Average Home Age

107.8 years

Currently For Sale

9 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

Rentals Near You

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MichRIC

Listed by: Lisa Wright Moore, RE/MAX Modern Realty, Inc.
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24026104
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 309 Mc Cumber Street built and last sold?
The property at 309 Mc Cumber Street was built in 1954 and last sold on Oct 12, 2004 for $70,000.
How much is this home worth?
The estimated value of the home located at 309 Mc Cumber Street is $327,029.
What are some comparable homes to 309 Mc Cumber Street?
There are currently no comparable homes to 309 Mc Cumber Street.
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