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Homer 49245
311 W Everett Street
$10,000
● House - Off Market

311 W Everett Street

Homer, MI 49245
bedrooms
1 Bed
bathrooms
1 Bath
square feet
528 Ft²
$35,897
RealtyHop Estimate
124.36%
Since Apr 1, 2012
National-US
Primary Model

About This Property

Move right in. This is an affordable one bedroom. Nothing to do but move in and enjoy. This property is bank owned. All offers require seller approval. To set up a private showing call Darian The House Guy .
Unit Size
528 Ft²
Days on Market
-
Land Size
-
Price per sqft
$30
Property Type
House
Property Taxes
$32
HOA Dues
-
Year Built
1940

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #12012538)

Price History

Date / Event Date Event Price
Aug 5, 2020 Sold
Premium
Sold
Jul 13, 2020 Listed by Spotlight Realty $39,900
Listed by Spotlight Realty
Apr 24, 2012 Sold
Premium
Sold
Mar 5, 2012 Listed by Spotlight Realty $16,000
Listed by Spotlight Realty

Property Highlights

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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 Count: 100
  • 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: 7,492
  • Lot Size Depth Feet: 1,832
  • Lot Size Frontage Feet: 538
  • Total Building Area: 528
  • Building Area: 528
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 528
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EVERETT STREET ADD
  • Land Acres: 0000000172
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: ASSRS PLAT EVERETT ST ADD ALL OF LOT 8 & PART OF LOT 9, BEG 111 FT S OF NE CORLOT 8, TH E 31.25 FT, TH S 33 FT, TH W 31.25

Neighborhood

  • School District Name: Homer Community Schools
  • School Tax School District: HOMER
  • Census Tract: 003100

Geography

  • District: 12
  • Parcel: 43-050-008-00
  • Lot: 8-9
  • Municipality: HOMER VILLAGE
  • Latitude: 42.1437
  • Longitude: -84.8125

    Address

  • Full Address: 311 W Everett St
  • Address - House Number: 311
  • Street Direction: W
  • Address - Street Name: Everett
  • Address - Suffix Type: St
  • State: MI
  • City Name: Homer
  • Carrier Code: C001
  • 4-Digit Zip Code: 1216
  • Zip Code: 49245

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $42,589

    Appraisal Valuation

  • Standard Deviation: 0.2715
  • Valuation Date: Jun 21, 2023
  • Confidence Score: 61
  • Final Value: 49,802
  • High Value: 63,323
  • Low Value: 36,280

    Market Valuation

  • Market Total Value: $38,260

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $19,130

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 30, 2020
  • Current Sale Recording Date: Aug 05, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Apr 24, 2012
  • Previous Sale Contract Date: Mar 30, 2012
  • Previous Sale Amount: $10,000
  • Previous Sale Document Type: 51
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 Homer

Stats & Trends

Median Asking:

$209,500

Sale Price/ft²

$115

Below Asking

0.03%

Average Days on Market

39

Average Home Size

1182 ft²

Average Home Age

108.2 years

Currently For Sale

5 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: Darian O'Dell, Spotlight Realty
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 12012538
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 311 West Everett Street built and last sold?
The property at 311 West Everett Street was built in 1940 and last sold on Jul 30, 2020 for $32,000.
How much is this home worth?
The estimated value of the home located at 311 West Everett Street is $0.
What are some comparable homes to 311 West Everett Street?
There are currently no comparable homes to 311 West Everett Street.
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