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Ravenna 49451
3689 Lo-Al Drive
$310,000
● House - Off Market

3689 Lo-Al Drive

Ravenna, MI 49451
bedrooms
6 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,187 Ft²
$2,061
Est. Monthly
8.89%
Cap Rate

About This Property

Rush out today soak in this SIX bedroom 3Bath home in Ravenna Schools! This home will please any large number of people, whether family, guests, or even an AIRBNB. Sitting on 0.7 acres, the enormous back yard boasts complete privacy fence enclosure, a deck for sunning, sizable bonfire arena, horseshoe pit, tether ball...Invite friends, party begins! Inside has a newly updated kitchen, beautiful baths, a family room AND a living room! Roof is 3yrs old, Furnace & central air are 2yrs old. Sale includes all appliances & window coverings. Immediate possession and turn key ready. Call for your private showing today, Do not delay!
Unit Size
2,187 Ft²
Days on Market
49 days
Land Size
0.75 acres
Price per sqft
$144
Property Type
House
Property Taxes
$509
HOA Dues
-
Year Built
1988

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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 #25028498)

Price History

Date / Event Date Event Price
Aug 1, 2025 Sold
Premium
Sold
Jul 7, 2025 In contract -
In contract
Jul 6, 2025 Price Decreased $316,000
↓ $4K (1.3%)
Price Decreased
Jun 24, 2025 Price Decreased $320,000
↓ $5K (1.5%)
Price Decreased
Jun 13, 2025 Listed by Five Star Real Estate (Main) $325,000
Listed by Five Star Real Estate (Main)
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Building Count: 1
  • Total Rooms: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • 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: 1,328
  • Garage Type: 7
  • Garage Square Area: 516
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 34,020
  • Total Building Area: 1,328
  • Building Area: 1,328
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,328
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PINE TREE PLACE RAVENNA VILLAG
  • Land Acres: 0000000781
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: R-PTP-55 12/81 RAVENNA TOWNSHIP LOTS 55 & 56 PINE TREE PLACE NO 3.

Neighborhood

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

Zoning

  • Zoning: R-2 RES

Geography

  • District: 43
  • Parcel: 61-43-683-000-0055-00
  • Lot: 55,56
  • Municipality: VILLAGE OF RAVENNA
  • Latitude: 43.186
  • Longitude: -85.9511

    Address

  • Full Address: 3689 Lo Al Dr
  • Address - House Number: 3689
  • Address - Street Name: Lo Al
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Ravenna
  • Carrier Code: R003
  • 4-Digit Zip Code: 9232
  • Zip Code: 49451

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $179,879
  • Initial Tax Delinquent Year: 2019

    Appraisal Valuation

  • Standard Deviation: 0.2187
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 288,070
  • High Value: 351,096
  • Low Value: 225,044

    Market Valuation

  • Market Total Value: $217,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $108,700

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 19, 2023
  • Current Sale Recording Date: Sep 25, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 5805061
  • Previous Sale Recording Date: Sep 08, 2020
  • Previous Sale Contract Date: Aug 26, 2020
  • Previous Sale Document Type: 40
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# 25028498
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 3689 Lo-Al Drive built and last sold?
The property at 3689 Lo-Al Drive was built in 1988 and last sold on Sep 19, 2023 for $280,000.
How much is this home worth?
The estimated value of the home located at 3689 Lo-Al Drive is $310,421.
What are some comparable homes to 3689 Lo-Al Drive?
There are currently no comparable homes to 3689 Lo-Al Drive.
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