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Buchanan 49107
413 W Front Street
Photo of 413 W Front Street
Sold on Aug 13, 2024

36

Map

Photo of 413 W Front Street
Photo of 413 W Front Street
$295,000
● House - Off Market

413 W Front Street

Buchanan, MI 49107
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,877 Ft²
$1,716
Est. Monthly
10.63%
Cap Rate

About This Property

Located in the heart of the historic district in beautiful Buchanan, this classic charmer is ready for it's new owner. Meticulously cared for, this home boasts original trim and hardwood floors throughout most of the home. The 2 car detached garage has lots of space for a workshop and includes an electric car charging station. The covered front porch will be delightful on cool summer nights and the large, almost 1/2 acre lot will be a great hosting place for picnics and gatherings. The window-lined three season room gives you lots of options for enjoying the outdoors without being outdoors, and the 4 bedrooms and extra living space gives you the elbow room you're looking for. Lastly, the dry basement has all the extra space for storage you need. Call for your private showing today!
Unit Size
1,877 Ft²
Days on Market
84 days
Land Size
0.49 acres
Price per sqft
$160
Property Type
House
Property Taxes
$243
HOA Dues
-
Year Built
1905

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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: 5 months ago (MichRIC MLS #24025145)

Price History

Date / Event Date Event Price
Aug 13, 2024 Sold
Premium
Sold
Jun 26, 2024 In contract -
In contract
Jun 13, 2024 Price Decreased $299,900
↓ $25K (7.7%)
Price Decreased
May 20, 2024 Listed by eXp Realty $325,000
Listed by eXp Realty
Dec 3, 2021 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1905
  • Effective Year Built: 1905
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 9
  • Basement Area: 1,145
  • Garage Type: 7
  • Garage Square Area: 504
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,301
  • Lot Size Depth Feet: 3,230
  • Lot Size Frontage Feet: 660
  • Total Building Area: 1,877
  • Building Area: 1,877
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,877
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HIMES ADD
  • Land Acres: 0000000489
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 2 HIMES ADD TO CITY OF BUCHANAN

Neighborhood

  • School District Name: Buchanan Community School District
  • School Tax School District: BUCHANAN
  • Census Tract: 020200

Zoning

  • Zoning: R-1 SIN

Geography

  • Assessors Map Reference: 035-1
  • District: 58
  • Parcel: 58-3150-0002-00-2
  • Lot: 2
  • Municipality: BUCHANAN CITY
  • Latitude: 41.827
  • Longitude: -86.3689

    Address

  • Full Address: 413 W Front St
  • Legal Unit: 2
  • Address - House Number: 413
  • Street Direction: W
  • Address - Street Name: Front
  • Address - Suffix Type: St
  • State: MI
  • City Name: Buchanan
  • Carrier Code: C005
  • 4-Digit Zip Code: 1111
  • Zip Code: 49107

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $276,530

    Appraisal Valuation

  • Standard Deviation: 0.2529
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 64
  • Final Value: 248,415
  • High Value: 311,241
  • Low Value: 185,590

    Market Valuation

  • Market Total Value: $161,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $80,800

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 23, 2021
  • Current Sale Recording Date: Dec 03, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Nov 30, 2009
  • Previous Sale Contract Date: Nov 20, 2009
  • Previous Sale Amount: $56,000
  • Previous Sale Document Type: 51
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 Buchanan

Stats & Trends

Median Asking:

$187,500

Sale Price/ft²

$136

Below Asking

0.02%

Average Days on Market

52

Average Home Size

1847 ft²

Average Home Age

115.1 years

Currently For Sale

9 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

Unit for rent at 800 E Smith Street, MI, 49107

$961 /mo

  • 1 Bed
  • 1 Bath
800 E Smith Street, MI, 49107 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Van Homes Team, eXp Realty
Last Updated: 5 months ago
Data Source: MichRIC, MLS# 24025145
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 413 West Front Street built and last sold?
The property at 413 West Front Street was built in 1905 and last sold on Nov 23, 2021 for $215,000.
How much is this home worth?
The estimated value of the home located at 413 West Front Street is $0.
What are some comparable homes to 413 West Front Street?
There are currently no comparable homes to 413 West Front Street.
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