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Ravenna 49451
3554 Lo-Al Drive
$305,000
● House - Off Market

3554 Lo-Al Drive

Ravenna, MI 49451
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,610 Ft²
$1,793
Est. Monthly
7.69%
Cap Rate

About This Property

Owners have loved this beautiful brick ranch home since they built it 1968. Not your typical home on Lo-Al. This one is 2.24 acres (see parcel pic), much of it wooded, has 2 garages (3 stalls total), 376 feet of Crockery Creek frontage, & a pond out back to irrigate. Steel roofs on both home & garage. Stunning red brick construction. Inside boasts 4 sizable bedrooms, 3 full bathrooms, a dining nook as well as a dining room. The main floor rounds out with not only a formal living room in front, but a cozy family room w Fireplace in the rear! Did I mention main floor laundry? Yes, that too! And, a peaceful / serene backyard free of view of any neighbors, just trees & landscape. Tour ASAP,.. Won't last long!
Unit Size
2,610 Ft²
Days on Market
-
Land Size
2.24 acres
Price per sqft
$117
Property Type
House
Property Taxes
$295
HOA Dues
-
Year Built
1970

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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 #24055892)

Price History

Date / Event Date Event Price
Nov 7, 2024 Sold
Premium
Sold
Oct 31, 2024 In contract -
In contract
Oct 23, 2024 Listed by Five Star Real Estate (Main) $305,000
Listed by Five Star Real Estate (Main)

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 3
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,716
  • Garage Type: 7
  • Garage Square Area: 1,424
  • Parking Space Count: 5
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 68,389
  • Total Building Area: 1,716
  • Building Area: 1,716
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,716
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LYING E OF CREEK
  • Land Acres: 0000001570
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: R-PTP NO 1-35 RAVENNA TOWNSHIP LOT 35 PINE TREE PLACE NO 1.AND THAT PART OF LOT 34 LYING E OF CREEK THAT RUNS N & S THROUGH P

Neighborhood

  • School District Name: Ravenna Public Schools
  • School Tax School District: RAVENNA
  • Census Tract: 002900

Zoning

  • Zoning: R-1 RU

Geography

  • District: 43
  • Parcel: 61-43-681-000-0035-00
  • Municipality: VILLAGE OF RAVENNA
  • Latitude: 43.1885
  • Longitude: -85.9501

    Address

  • Full Address: 3554 Lo Al Dr
  • Address - House Number: 3554
  • Address - Street Name: Lo Al
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Ravenna
  • Carrier Code: R003
  • 4-Digit Zip Code: 9231
  • Zip Code: 49451

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $178,945

    Appraisal Valuation

  • Standard Deviation: 0.4787
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 4
  • Final Value: 260,062
  • High Value: 384,561
  • Low Value: 135,562

    Market Valuation

  • Market Total Value: $250,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $125,100

    Exemptions

  • Homeowner Exemption: Yes
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 Ravenna

Stats & Trends

Median Asking:

$269,900

Sale Price/ft²

$177

Below Asking

0.03%

Average Days on Market

36

Average Home Size

1799 ft²

Average Home Age

71.8 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

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MichRIC

Listed by: James S Shull, Five Star Real Estate (Main)
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24055892
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 3554 Lo-Al Drive built and last sold?
The property at 3554 Lo-Al Drive was built in 1970 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 3554 Lo-Al Drive is $317,811.
What are some comparable homes to 3554 Lo-Al Drive?
There are currently no comparable homes to 3554 Lo-Al Drive.
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