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Plainwell 49080
415 W Plainwell Street
$159,750
● House - Off Market

415 W Plainwell Street

Plainwell, MI 49080
bedrooms
2 Beds
bathrooms
1 Bath
square feet
878 Ft²
$898
Est. Monthly
8.20%
Cap Rate

About This Property

Plainwell schools. This 2 bedroom, 1 bath, home has had many updates in the last few years, including, roof, and central air. The home has a knotty pine mudroom, a nice kitchen with appliances included, main floor bedrooms and laundry area. Outside you will find a small pole barn, for your tools and outdoor equipment, and a fenced backyard. If your looking for an affordable home that you can put some sweat equity into you will want to take a look at this one. Home is selling in ''as is'' condition. Walking distance to school, and easy access to 131 expressway, shopping, eating establishments and the hospital.
Unit Size
878 Ft²
Days on Market
38 days
Land Size
0.20 acres
Price per sqft
$176
Property Type
House
Property Taxes
$137
HOA Dues
-
Year Built
1950

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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: 2 years ago (MichRIC MLS #25020720)

Price History

Date / Event Date Event Price
Jul 18, 2025 Sold
Premium
Sold
Jun 13, 2025 In contract -
In contract
Jun 11, 2025 Relisted $154,900
Relisted
May 29, 2025 In contract -
In contract
May 28, 2025 Relisted $154,900
Relisted
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Bedroom Count: 1
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 480
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,712
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 660
  • Total Building Area: 720
  • Building Area: 720
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 720
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VAN HORNS ADD
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: COM 3 RD S & 7 RD W OF SE COR LOT 45 VAN HORNS ADD TH S 16 RD TH W 4 RD TH N 16 RD TH E 4 RD TO BEG EX THE S 132' SEC 30 T1N

Neighborhood

  • School District Name: Plainwell Community Schools
  • School Tax School District: PLAINWELL
  • Census Tract: 032000

Zoning

  • Zoning: R1C

Geography

  • District: 55
  • Parcel: 55-030-028-00
  • Lot: 45
  • Meridian: SEC 30 TWN 01N RNG 11W
  • Municipality: PLAINWELL CITY
  • Latitude: 42.4389
  • Longitude: -85.6474

    Address

  • Full Address: 415 W Plainwell St
  • Address - House Number: 415
  • Street Direction: W
  • Address - Street Name: Plainwell
  • Address - Suffix Type: St
  • State: MI
  • City Name: Plainwell
  • Carrier Code: C003
  • 4-Digit Zip Code: 1545
  • Zip Code: 49080

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $147,844

    Appraisal Valuation

  • Standard Deviation: 0.1984
  • Valuation Date: Dec 07, 2022
  • Confidence Score: 73
  • Final Value: 125,456
  • High Value: 150,354
  • Low Value: 100,557

    Market Valuation

  • Market Total Value: $81,400
  • Market Land Value: $30,600
  • Market Improvement Value: $50,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $40,700
  • Assessed Land Value: $15,300
  • Assessed Improvements Value: $25,400

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 17, 2007
  • Current Sale Recording Date: Aug 24, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Oct 06, 2000
  • Previous Sale Contract Date: Oct 06, 2000
  • Previous Sale Amount: $45,000
  • Previous Sale Document Type: 27
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 Plainwell

Stats & Trends

Median Asking:

$234,000

Sale Price/ft²

$151

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1680 ft²

Average Home Age

122 years

Currently For Sale

6 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: Denise M Atwood, Five Star Real Estate
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25020720
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 415 West Plainwell Street built and last sold?
The property at 415 West Plainwell Street was built in 1950 and last sold on Aug 17, 2007 for $83,000.
How much is this home worth?
The estimated value of the home located at 415 West Plainwell Street is $0.
What are some comparable homes to 415 West Plainwell Street?
There are currently no comparable homes to 415 West Plainwell Street.
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