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Allegan 49010
3882 Monroe Road
$218,597
● House - Off Market

3882 Monroe Road

Allegan, MI 49010
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,836 Ft²
$1,532
Est. Monthly
6.52%
Cap Rate

About This Property

Check out this foreclosure that is overflowing with opportunity! This ranch style home sits on 5 acres and features a spacious garage, area for a pool, and a massive barn! This home is clean, and is the perfect opportunity for someone looking for something quiet they can make their own.
Unit Size
1,836 Ft²
Days on Market
-
Land Size
5.00 acres
Price per sqft
$123
Property Type
House
Property Taxes
$422
HOA Dues
-
Year Built
2001

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #24020412)

Price History

Date / Event Date Event Price
Jul 29, 2024 Sold
Premium
Sold
May 29, 2024 In contract -
In contract
May 21, 2024 Temporarily off market -
Temporarily off market
Apr 27, 2024 Listed by Coldwell Banker Woodland Schmidt ART Office $226,000
Listed by Coldwell Banker Woodland Schmidt ART Office
Nov 27, 2019 Sold
Premium
Sold
Show More

Property Highlights

Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Building Count: 2
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 17
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 217,800
  • Lot Size Depth Feet: 6,600
  • Lot Size Frontage Feet: 3,300
  • Total Building Area: 1,836
  • Building Area: 1,836
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,836
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000005000
  • Standard Land Use Code: 1016
  • County Land Use Code: 401
  • Legal Description 1: THE N 660' OF THE E 330' OF W 20 A NW 1/4 SE 1/4 SEC 23 T2N R14W (2001)

Neighborhood

  • School District Name: Allegan Public Schools
  • School Tax School District: ALLEGAN
  • Census Tract: 030702

Zoning

  • Zoning: R-1 RUR ES

Geography

  • District: 22
  • Parcel: 22-023-040-10
  • Meridian: SEC 23 TWN 02N RNG 14W
  • Municipality: VALLEY TWP
  • Latitude: 42.5416
  • Longitude: -85.9248

    Address

  • Full Address: 3882 Monroe Rd
  • Address - House Number: 3882
  • Address - Street Name: Monroe
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Allegan
  • Carrier Code: R008
  • 4-Digit Zip Code: 8936
  • Zip Code: 49010

Valuation

    Tax

  • Tax Year: 2020
  • Tax Amount: $166,369

    Appraisal Valuation

  • Standard Deviation: 0.2008
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 73
  • Final Value: 305,236
  • High Value: 366,550
  • Low Value: 243,922

    Market Valuation

  • Market Total Value: $231,200
  • Market Land Value: $42,400
  • Market Improvement Value: $188,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $115,600
  • Assessed Land Value: $21,200
  • Assessed Improvements Value: $94,400

    Sales

  • Current Sale Contract Date: Nov 21, 2019
  • Current Sale Recording Date: Nov 27, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 64
  • Previous Sale Recording Date: Sep 25, 2006
  • Previous Sale Contract Date: Sep 19, 2006
  • Previous Sale Amount: $123,000
  • Previous 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 Allegan

Stats & Trends

Median Asking:

$365,000

Sale Price/ft²

$202

Below Asking

0.02%

Average Days on Market

52

Average Home Size

2158 ft²

Average Home Age

49.9 years

Currently For Sale

323 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: Steve C Sterken, Coldwell Banker Woodland Schmidt ART Office
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24020412
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 3882 Monroe Road built and last sold?
The property at 3882 Monroe Road was built in 2001 and last sold on Nov 21, 2019 for $109,764.
How much is this home worth?
The estimated value of the home located at 3882 Monroe Road is $0.
What are some comparable homes to 3882 Monroe Road?
There are currently no comparable homes to 3882 Monroe Road.
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