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Branch 49092
384 Francine Drive
$400,000
● House - Off Market

384 Francine Drive

Tekonsha, MI 49092
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,790 Ft²
$2,434
Est. Monthly
6.07%
Cap Rate

About This Property

Welcome to lake paradise at 384 Francine Drive! This cherished home on private Vincent Lake has been a haven for its owners, filled with countless special memories. Now, it's time for a new chapter, and this waterfront gem is ready to embrace its next occupants. Step inside to discover fabulous lake views through newer windows or have coffee on the new composite deck. The property also boasts a scenic overlook of the large backyard and lake, providing a perfect blend of tranquility and nature. The interior has seen thoughtful remodeling and updating over time in the kitchen, living room, and bathrooms. Beautiful flooring adds warmth, complemented by a fireplace for those chilly evenings. Be sure to check out all the photos and schedule a private tour today!
Unit Size
2,790 Ft²
Days on Market
-
Land Size
2.89 acres
Price per sqft
$152
Property Type
House
Property Taxes
$347
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 #24012008)

Price History

Date / Event Date Event Price
Jul 19, 2024 Sold
Premium
Sold
Jul 10, 2024 In contract -
In contract
Mar 13, 2024 Listed by Playford Real Estate $425,000
Listed by Playford Real Estate
Jul 1, 2005 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

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: 125,888
  • 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
  • Subdivision: LAKE SHORE HEIGHTS
  • Land Acres: 0000002890
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: GIRARD TWP/T5S R6W, SEC 4: LOTS 13 & 14, LAKE SHORE HEIGHTS NO 2; ALSO COMN0DEG 18'48"E 1,118.18 FT & S89DEG 30'48"W 743.47

Neighborhood

  • School District Name: Tekonsha Community Schools
  • School Tax School District: TEKONSHA
  • Census Tract: 950100

Geography

  • District: 030
  • Parcel: 030-L10-000-014-00
  • Lot: 13-14
  • Municipality: GIRARD TWP
  • Latitude: 42.0619
  • Longitude: -85.0036

    Address

  • Full Address: 384 Francine Dr
  • Address - House Number: 384
  • Address - Street Name: Francine
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Tekonsha
  • Carrier Code: R002
  • 4-Digit Zip Code: 9272
  • Zip Code: 49092

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $146,899
  • Tax Rate Code Area: 030

    Appraisal Valuation

  • Standard Deviation: 0.261
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 62
  • Final Value: 398,429
  • High Value: 502,447
  • Low Value: 294,412

    Market Valuation

  • Market Total Value: $338,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $169,050

    Sales

  • Current Sale Contract Date: May 27, 2005
  • Current Sale Recording Date: Jul 01, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 05815
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 Branch

Stats & Trends

Median Asking:

$249,900

Sale Price/ft²

$164

Below Asking

0.03%

Average Days on Market

60

Average Home Size

2018 ft²

Average Home Age

63.4 years

Currently For Sale

116 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

Rentals Near You

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MichRIC

Listed by: Tjay Fitton, Playford Real Estate
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24012008
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 384 Francine Drive built and last sold?
The property at 384 Francine Drive was built in and last sold on May 27, 2005 for $184,900.
How much is this home worth?
The estimated value of the home located at 384 Francine Drive is $0.
What are some comparable homes to 384 Francine Drive?
There are currently no comparable homes to 384 Francine Drive.
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