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Van Buren 49079
42799 CR 653
$160,000
● Land - Off Market

42799 CR 653

Paw Paw, MI 49079
bedrooms
Studio
bathrooms
0 Bath
$233,126
RealtyHop Estimate
45.70%
Since Feb 1, 2020
National-US
Primary Model

About This Property

Rare opportunity to own 19 acres of gorgeous land that backs up to the 13th hole at Heritage Glen Golf Course! This is the perfect site for your dream home or a small residential development. The land is high and dry and includes a road to the back of the property and a garage. Approximately 5-6 acres border the golf course and the private road runs the length of the property and is included in the sale.  Please schedule your appointment and do not enter the land without your Realtor.
Unit Size
-
Days on Market
-
Land Size
19.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
$60
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: 3 years ago (MichRIC MLS #19056726)

Price History

Date / Event Date Event Price
Jan 17, 2020 Sold
Premium
Sold
Dec 2, 2019 Listed by Berkshire Hathaway HomeServices MI $160,000
Listed by Berkshire Hathaway HomeServices MI
Oct 25, 2004 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 827,640
  • Total Building Area: 1,216
  • Building Area: 1,216
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,216
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000019000
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: 320-A2 28-2-13 603-529 1070-951 1299-399 1300-293 1320-942 1643-43 1690-900 1692-348 1694-954 *** COM SE COR OF SEC; TH

Neighborhood

  • School District Name: Paw Paw Public School District
  • School Tax School District: PAW PAW
  • Census Tract: 010901

Zoning

  • Zoning: AG-LD

Geography

  • Assessors Map Reference: 320-A2
  • District: 01
  • Parcel: 80-01-028-013-02
  • Municipality: ALMENA TWP
  • Latitude: 42.2628
  • Longitude: -85.8315

    Address

  • Full Address: 42799 County Road 653
  • Address - House Number: 42799
  • Address - Street Name: County Road 653
  • State: MI
  • City Name: Paw Paw
  • Carrier Code: R004
  • 4-Digit Zip Code: 9472
  • Zip Code: 49079

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $149,058
  • Tax Rate Code Area: 80010

    Appraisal Valuation

  • Standard Deviation: 0.2298
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 68
  • Final Value: 294,388
  • High Value: 362,066
  • Low Value: 226,711

    Market Valuation

  • Market Total Value: $305,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $152,600

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 17, 2020
  • Current Sale Recording Date: Jan 24, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Oct 25, 2004
  • Previous Sale Contract Date: Oct 19, 2004
  • Previous Sale Amount: $49,900
  • Previous Sale Document Type: 51

    Financing

  • First Mortgage Financing Type: ADJ
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 Van Buren

Stats & Trends

Median Asking:

$329,000

Sale Price/ft²

$181

Below Asking

0.02%

Average Days on Market

54

Average Home Size

1994 ft²

Average Home Age

59.4 years

Currently For Sale

229 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: Greg Courtney, Berkshire Hathaway HomeServices MI
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 19056726
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 42799 Co Rd 653 built and last sold?
The property at 42799 Co Rd 653 was built in and last sold on Jan 17, 2020 for $160,000.
How much is this home worth?
The estimated value of the home located at 42799 Co Rd 653 is $0.
What are some comparable homes to 42799 Co Rd 653?
There are currently no comparable homes to 42799 Co Rd 653.
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