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Marshall 49068
318 East Drive
$56,000
● House - Off Market

318 East Drive

Marshall, MI 49068
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,237 Ft²
$141,046
RealtyHop Estimate
116.99%
Since Jun 1, 2012
National-US
Primary Model

About This Property

Call Ralph Moore at in order to view this must see two bedroom. With a brand new furnace, and professionally cleaned this littler charmer is ready for a new owner. The owner took great pride in his home and has MANY little features: the two wall hung heaters in the LR can be used in place of the furnace and work even in a power outage. The grill in the garage is hooked up to natural gas and has a vented hood. The notty pine paneled garage has it's own furnace. And best of all, the house has lots of storage space. Do not let this one get past you.
Unit Size
1,237 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$53
Property Type
House
Property Taxes
$134
HOA Dues
-
Year Built
1952

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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 #12018009)

Price History

Date / Event Date Event Price
Oct 6, 2021 Sold
Premium
Sold
Jul 22, 2021 Listed by Sherman Associates, LLC $104,900
Listed by Sherman Associates, LLC
Jun 8, 2012 Sold
Premium
Sold
Apr 4, 2012 Listed by Sherman Associates, LLC $65,000
Listed by Sherman Associates, LLC

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • 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: 7
  • Garage Square Area: 700
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,712
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 660
  • Total Building Area: 1,237
  • Building Area: 1,237
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,237
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EAST DRIVE
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: MARSHALL CITY, EAST DRIVE N 4 RDS OF LOT 4

Neighborhood

  • School District Name: Marshall Public Schools
  • School Tax School District: MARSHALL
  • Census Tract: 003900

Zoning

  • Zoning: R-2

Geography

  • Assessors Map Reference: WHPA
  • District: 53
  • Parcel: 53-004-003-00
  • Lot: 4
  • Municipality: MARSHALL CITY
  • Latitude: 42.2751
  • Longitude: -84.9478

    Address

  • Full Address: 318 East Dr
  • Address - House Number: 318
  • Address - Street Name: East
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Marshall
  • Carrier Code: C004
  • 4-Digit Zip Code: 2012
  • Zip Code: 49068

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $289,244

    Appraisal Valuation

  • Standard Deviation: 0.467
  • Valuation Date: Jun 21, 2023
  • Confidence Score: 6
  • Final Value: 142,604
  • High Value: 209,210
  • Low Value: 75,997

    Market Valuation

  • Market Total Value: $116,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $58,300

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 17, 2021
  • Current Sale Recording Date: Oct 06, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Jun 08, 2012
  • Previous Sale Contract Date: May 25, 2012
  • Previous Sale Amount: $56,000
  • 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 Marshall

Stats & Trends

Median Asking:

$239,900

Sale Price/ft²

$160

Below Asking

0.03%

Average Days on Market

56

Average Home Size

1659 ft²

Average Home Age

89.2 years

Currently For Sale

37 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 1029 Rebecca Street, Marshall, MI, 49068

$3,600 /mo

  • 3 Beds
  • 1 Bath
  • 1,881 ft²
1029 Rebecca Street #13, Marshall, MI, 49068 Listing by Lisa C Bartleman

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Ralph Moore, Sherman Associates, LLC
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 12018009
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 318 E Drive built and last sold?
The property at 318 E Drive was built in 1952 and last sold on Sep 17, 2021 for $99,700.
How much is this home worth?
The estimated value of the home located at 318 E Drive is $0.
What are some comparable homes to 318 E Drive?
There are currently no comparable homes to 318 E Drive.
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