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Plainwell 49080
426 W Hill Street
$186,000
● House - Off Market

426 W Hill Street

Plainwell, MI 49080
bedrooms
3 Beds
bathrooms
1 Bath
square feet
960 Ft²
$1,086
Est. Monthly
10.63%
Cap Rate

About This Property

Move in ready ranch in the heart of Plainwell.  This 3 bedroom home has had many updates over the last few years including a new roof, remodeled bathroom and kitchen.  A fenced in backyard provides ample room for backyard activities and is a great spot for the dog to run.  All appliances are included with the sale!  You will love the location, sitting on a quiet street in a neighborhood within walking distance of downtown and area schools.
Unit Size
960 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$187
Property Type
House
Property Taxes
$202
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 #24058104)

Price History

Date / Event Date Event Price
Nov 27, 2024 Sold
Premium
Sold
Nov 12, 2024 In contract -
In contract
Nov 6, 2024 Listed by Berkshire Hathaway HomeServices MI $179,900
Listed by Berkshire Hathaway HomeServices MI
Oct 9, 2020 Sold
Premium
Sold
Aug 19, 2020 Listed by Berkshire Hathaway HomeServices MI $139,900
Listed by Berkshire Hathaway HomeServices MI
Show More

Property Highlights

Building Info

Overview

    General

  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 9
  • Basement Area: 960
  • Garage Type: 0
  • Parking Space Count: 0
  • 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: 960
  • Building Area: 960
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 960
  • 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: LOT 29 VAN HORN'S ADDITION

Neighborhood

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

Zoning

  • Zoning: R1B

Geography

  • District: 55
  • Parcel: 55-380-029-00
  • Lot: 29
  • Municipality: PLAINWELL CITY
  • Latitude: 42.4403
  • Longitude: -85.6479

    Address

  • Full Address: 426 W Hill St
  • Address - House Number: 426
  • Street Direction: W
  • Address - Street Name: Hill
  • Address - Suffix Type: St
  • State: MI
  • City Name: Plainwell
  • Carrier Code: C003
  • 4-Digit Zip Code: 1533
  • Zip Code: 49080

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $227,919
  • Initial Tax Delinquent Year: 2015

    Appraisal Valuation

  • Standard Deviation: 0.3605
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 27
  • Final Value: 151,577
  • High Value: 206,234
  • Low Value: 96,919

    Market Valuation

  • Market Total Value: $108,400
  • Market Land Value: $34,400
  • Market Improvement Value: $74,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $54,200
  • Assessed Land Value: $17,200
  • Assessed Improvements Value: $37,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 25, 2020
  • Current Sale Recording Date: Oct 09, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Jun 19, 2020
  • Previous Sale Contract Date: Jun 12, 2020
  • Previous Sale Amount: $65,500
  • 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 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

Rentals Near You

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MichRIC

Listed by: Brandy Blanchard, Berkshire Hathaway HomeServices MI
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24058104
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 426 West Hill Street built and last sold?
The property at 426 West Hill Street was built in and last sold on Sep 25, 2020 for $143,000.
How much is this home worth?
The estimated value of the home located at 426 West Hill Street is $0.
What are some comparable homes to 426 West Hill Street?
There are currently no comparable homes to 426 West Hill Street.
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