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St. Joseph 49040
31339 Francis Drive
$149,900
● House - Off Market

31339 Francis Drive

Colon, MI 49040
bedrooms
1 Bed
bathrooms
1 Bath
square feet
550 Ft²
$778
Est. Monthly
6.27%
Cap Rate

About This Property

Looking for that totally updated home or weekend retreat and have everything you need in 550 sqft.? Check out this amazing home. Everything is updated! Taken down to the studs and totally redone in 2021. Updates include LVP Flooring, Custom Kitchen & Bathroom Cabinets with Quartz counters. Bead board ceiling complete with rough hewn beam on the storage or sleeping loft., Well & Septic, complete with 50 Amp RV plug, with water & sewer access.  All this sits on a little over 1/2 Acre lot, which is less than 50 ft to the Long Lake Public Access! Attached is a mechanical/storage room that houses all services: 200 amp elec panel, water heater, and a new vertical pressure water tank. Lots of great features in such a small space! Schedule your private tour now!
Unit Size
550 Ft²
Days on Market
-
Land Size
0.57 acres
Price per sqft
$273
Property Type
House
Property Taxes
$42
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: 3 years ago (MichRIC MLS #24024637)

Price History

Date / Event Date Event Price
Jul 8, 2024 Sold
Premium
Sold
Jun 1, 2024 In contract -
In contract
May 17, 2024 Listed by HG Real Estate $149,900
Listed by HG Real Estate
Dec 16, 2021 Sold
Premium
Sold
Nov 12, 2021 Sold
Premium
Sold
Show More

Property Highlights

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: 24,829
  • 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: TANGLEWOOD PARK IN TANGLEWOOD ACRES
  • Land Acres: 0000000570
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: TANGLEWOOD PARK IN TANGLEWOOD SUB. SEC 27 T6S R9W. DESCRIBED AS BEG AT A CAPPED IRON SET THE SW COR OF TANGLE WOOD PARK AND R

Neighborhood

  • School District Name: Colon Community School District
  • School Tax School District: COLON
  • Census Tract: 041302

Geography

  • District: 002
  • Parcel: 002-205-022-03
  • Meridian: SEC 27 TWN 06S RNG 09W
  • Municipality: COLON TOWNSHIP
  • Latitude: 41.9176
  • Longitude: -85.3446

    Address

  • Full Address: 31339 Francis St
  • Address - House Number: 31339
  • Address - Street Name: Francis
  • Address - Suffix Type: St
  • State: MI
  • City Name: Colon
  • Carrier Code: R001
  • 4-Digit Zip Code: 9778
  • Zip Code: 49040

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0

    Appraisal Valuation

  • Standard Deviation: 0.1071
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 89
  • Final Value: 140,700
  • High Value: 155,778
  • Low Value: 125,623

    Market Valuation

  • Market Total Value: $47,200
  • Market Land Value: $3,400
  • Market Improvement Value: $43,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $23,600
  • Assessed Land Value: $1,700
  • Assessed Improvements Value: $21,900

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 12, 2021
  • Current Sale Recording Date: Dec 16, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021012722
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 St. Joseph

Stats & Trends

Median Asking:

$240,000

Sale Price/ft²

$153

Above Asking

0.00%

Average Days on Market

58

Average Home Size

2070 ft²

Average Home Age

73.8 years

Currently For Sale

147 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: Garrett Hall, HG Real Estate
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24024637
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 31339 Francis Drive built and last sold?
The property at 31339 Francis Drive was built in and last sold on Nov 12, 2021 for $119,900.
How much is this home worth?
The estimated value of the home located at 31339 Francis Drive is $0.
What are some comparable homes to 31339 Francis Drive?
There are currently no comparable homes to 31339 Francis Drive.
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