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Cass 49047
32473 School Street
$135,000
● House - Off Market

32473 School Street

Dowagiac, MI 49047
bedrooms
1 Bed
bathrooms
1 Bath
square feet
1,175 Ft²
$179,296
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

A truly one of a kind property that's never hit the market. Originally built in 1865 as a schoolhouse, this 1 bed/1 bath home can make anyone fall in love with its charm. Its previous owners updated the interior while still keeping many of its characteristics with its open concept floor plan, large windows, original hardwood floors and exposed brick. Whether you're on the back deck or screened-in porch, use these private spaces to relax and enjoy the scenic views of the farm next door.
Unit Size
1,175 Ft²
Days on Market
-
Land Size
0.39 acres
Price per sqft
$145
Property Type
House
Property Taxes
$126
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 #22042248)

Price History

Date / Event Date Event Price
Nov 30, 2022 Sold
Premium
Sold
Sep 30, 2022 Listed by Cressy & Everett Real Estate $169,900
Listed by Cressy & Everett Real Estate
Jan 9, 2013 Sold
Premium
Sold

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: 21,780
  • 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
  • Land Acres: 0000000500
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: 336524 439 5S-16W COM NW COR SE QTR, TH S 9 RDS, E 9 RDS, N 9 RDS, W 9 RDS TO BEG. SEC 29.

Neighborhood

  • School District Name: Dowagiac Union Schools
  • School Tax School District: DOWAGIAC UNION
  • Census Tract: 001901

Geography

  • District: 130
  • Parcel: 14-130-029-040-00
  • Municipality: SILVERCREEK TWP
  • Latitude: 42.0056
  • Longitude: -86.194

    Address

  • Full Address: 32473 School St
  • Address - House Number: 32473
  • Address - Street Name: School
  • Address - Suffix Type: St
  • State: MI
  • City Name: Dowagiac
  • Carrier Code: R004
  • 4-Digit Zip Code: 9379
  • Zip Code: 49047

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $57,969

    Appraisal Valuation

  • Standard Deviation: 0.1292
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 85
  • Final Value: 165,765
  • High Value: 187,196
  • Low Value: 144,335

    Market Valuation

  • Market Total Value: $108,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $54,300

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 02, 2013
  • Current Sale Recording Date: Jan 09, 2013
  • Current Sale Price:
    Premium
  • Current 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 Cass

Stats & Trends

Median Asking:

$300,000

Sale Price/ft²

$178

Below Asking

0.03%

Average Days on Market

65

Average Home Size

1962 ft²

Average Home Age

60.6 years

Currently For Sale

164 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: Shelly Myers, Cressy & Everett Real Estate
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 22042248
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 32473 School Street built and last sold?
The property at 32473 School Street was built in and last sold on Jan 2, 2013 for $70,000.
How much is this home worth?
The estimated value of the home located at 32473 School Street is $0.
What are some comparable homes to 32473 School Street?
There are currently no comparable homes to 32473 School Street.
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