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Allegan 49348
3897 Division Street
$140,000
● House - Off Market

3897 Division Street

Wayland, MI 49348
bedrooms
2 Beds
bathrooms
1 Bath
square feet
996 Ft²
$868
Est. Monthly

About This Property

Excellent Investment Opportunity in Wayland Schools! Situated on 1 acre, this property offers tremendous potential for the right buyer. The home is being sold as-is,  providing a blank canvas to restore or reimagine its former charm. Ranch homes on acreage this close to town are a rare find-come explore the possibilities and envision your next project here! Cash Only.
Unit Size
996 Ft²
Days on Market
11 days
Land Size
1.03 acres
Price per sqft
$151
Property Type
House
Property Taxes
$132
HOA Dues
-
Year Built
1965

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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: 10 months ago (MichRIC MLS #25057006)

Price History

Date / Event Date Event Price
Dec 5, 2025 Sold
Premium
Sold
Nov 22, 2025 In contract -
In contract
Nov 20, 2025 Price Decreased $149,900
↓ $30K (16.7%)
Price Decreased
Nov 6, 2025 Listed by The Charles Reinhart Company $179,900
Listed by The Charles Reinhart Company

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 996
  • Garage Type: 7
  • Garage Square Area: 672
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 44,867
  • Lot Size Depth Feet: 2,240
  • Lot Size Frontage Feet: 2,000
  • Total Building Area: 996
  • Building Area: 996
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 996
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001030
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: COM AT A PT ON N & S 1/4 LIN SEC 30 224 FT N OF CTR OF SEC TH N 200 FT E PPL TO E & W 1/4 LIN 224 FT S PPL TO N & S 1/4 LIN

Neighborhood

  • School District Name: Wayland Union Schools
  • School Tax School District: WAYLAND
  • Census Tract: 030402

Zoning

  • Zoning: AG

Geography

  • District: 13
  • Parcel: 13-030-005-00
  • Meridian: SEC 30 TWN 04N RNG 11W
  • Municipality: LEIGHTON TWP
  • Latitude: 42.7039
  • Longitude: -85.6531

    Address

  • Full Address: 3897 Division St
  • Address - House Number: 3897
  • Address - Street Name: Division
  • Address - Suffix Type: St
  • State: MI
  • City Name: Wayland
  • Carrier Code: R005
  • 4-Digit Zip Code: 9753
  • Zip Code: 49348

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $141,597

    Appraisal Valuation

  • Standard Deviation: 0.1984
  • Valuation Date: Dec 07, 2022
  • Confidence Score: 73
  • Final Value: 187,305
  • High Value: 224,478
  • Low Value: 150,132

    Market Valuation

  • Market Total Value: $128,800
  • Market Land Value: $26,400
  • Market Improvement Value: $102,400

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $64,400
  • Assessed Land Value: $13,200
  • Assessed Improvements Value: $51,200

    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 Allegan

Stats & Trends

Median Asking:

$365,000

Sale Price/ft²

$202

Below Asking

0.02%

Average Days on Market

52

Average Home Size

2157 ft²

Average Home Age

49.3 years

Currently For Sale

320 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: Ginger Votaw, The Charles Reinhart Company
Last Updated: 10 months ago
Data Source: MichRIC, MLS# 25057006
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 3897 Division Street built and last sold?
The property at 3897 Division Street was built in 1965 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 3897 Division Street is $0.
What are some comparable homes to 3897 Division Street?
There are currently no comparable homes to 3897 Division Street.
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