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Jackson
374 Ready Lane
$79,000
● House - Off Market

374 Ready Lane

Munith, MI 49259
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,199 Ft²
$627
Est. Monthly
21.34%
Cap Rate

About This Property

Welcome to your lakeside retreat! This cozy 2-bed, 1-bath cottage is situated on leased land & offers exclusive docking on scenic Portage Lake, right across the road! Enjoy serene water views & access to all the lake has to offer-boating, fishing, swimming & more! Inside you'll find an inviting open living space, perfect for relaxing or entertaining. Walk-out basement provides room for storage & B-Dry Waterproofing System with transferable warranty included. Whether you're seeking a weekend getaway or a year-round escape, this home combines comfort, convenience, and lake access without the cost of direct waterfront ownership. Don't miss this opportunity of lake living! Seller willing to leave home furnished! Lease: $3,162 per year or $272 per month. Buyer must be approved by leaseholder.
Unit Size
1,199 Ft²
Days on Market
241 days
Land Size
-
Price per sqft
$79
Property Type
House
Property Taxes
$160
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: 2 years ago (MichRIC MLS #24058977)

Price History

Date / Event Date Event Price
Jul 14, 2025 Sold
Premium
Sold
Jun 1, 2025 In contract -
In contract
May 17, 2025 Price Decreased $95,000
↓ $10K (9.4%)
Price Decreased
Nov 12, 2024 Listed by RE/MAX MID-MICHIGAN R.E. $104,900
Listed by RE/MAX MID-MICHIGAN R.E.

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: 1,049
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 0
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,199
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Standard Land Use Code: 0532
  • County Land Use Code: 404
  • Legal Description 1: BUILDING ON LEASED LAND BEG AT E 1/4 POST OF SEC 31 TH S 0DEG 30'43''E 217.78FT TO A PT FOR PL OF BEG OF THIS DESCN TH

Neighborhood

  • School District Name: East Jackson Community Schools
  • School Tax School District: 38090
  • Census Tract: 006801

Geography

  • District: 19
  • Parcel: 819-10-31-201-001-06
  • Municipality: WATERLOO TWP
  • Latitude: 42.3417
  • Longitude: -84.2321

    Address

  • Full Address: 374 Ready Ln
  • Address - House Number: 374
  • Address - Street Name: Ready
  • Address - Suffix Type: Ln
  • State: MI
  • City Name: Munith
  • Carrier Code: R092
  • 4-Digit Zip Code: 9716
  • Zip Code: 49259

Valuation

    Tax

  • Tax Year: 2019
  • Tax Amount: $155,293
  • Tax Rate Code Area: 19

    Appraisal Valuation

  • Valuation Date: Jan 01, 1900

    Market Valuation

  • Market Total Value: $61,400

    Assessments Valuation

  • Assessed Year: 2018
  • Assessed Total Value: $30,700

    Sales

  • Current Sale Contract Date: Jan 04, 2018
  • Current Sale Recording Date: Jan 11, 2018
  • Current Sale Document Type: 69
  • Current Sale Input Document Number: 2786353
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 Jackson

Stats & Trends

Median Asking:

$234,900

Sale Price/ft²

$145

Below Asking

0.03%

Average Days on Market

55

Average Home Size

1875 ft²

Average Home Age

74.7 years

Currently For Sale

417 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: SHARON A. NORTON, RE/MAX MID-MICHIGAN R.E.
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24058977
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 374 Ready Lane built and last sold?
The property at 374 Ready Lane was built in and last sold on Jan 4, 2018 for $0.
How much is this home worth?
The estimated value of the home located at 374 Ready Lane is $100,508.
What are some comparable homes to 374 Ready Lane?
There are currently no comparable homes to 374 Ready Lane.
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