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Manistee 49689
4646 Peacock Road
$200,000
● House - Off Market

4646 Peacock Road

Wellston, MI 49689
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,700 Ft²
$212,071
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

Ideal Northern Michigan get-a-way! Heavily wooded and secluded 20+ Acres on a county maintained road that adjoins Federal Land to the South.  This chalet style cabin/home features an open floor plan with two bedrooms on the main floor and large open dual side sleeping loft. Knotty pine interior accent ceiling and trim, covered porch, washer/dryer hook-up, tall poured wall crawl space, metal roof and a large covered porch for outdoor living space, large storage shed with electric. Cozy woodstove is the primary heat source.  Home is well maintained and comes with most furnishings.
Unit Size
1,700 Ft²
Days on Market
-
Land Size
20.65 acres
Price per sqft
$118
Property Type
House
Property Taxes
-
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 #22048565)

Price History

Date / Event Date Event Price
Dec 14, 2022 Sold
Premium
Sold
Nov 17, 2022 Listed by Big River Properties $199,900
Listed by Big River Properties
Feb 1, 2005 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 899,514
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000020650
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: PT NW 14 SE 14, COM S 14 COR OF SD SEC, TH N 01 DEG 54 MIN 44 SEC E 1338.86 FT TO POB, TH S 88 DEG 42 MIN 50 SEC E 1326.47 FT

Neighborhood

  • School District Name: Kaleva Norman Dickson School District
  • School Tax School District: KALEVA,NORMAN
  • Census Tract: 000600

Geography

  • District: 10
  • Parcel: 10-032-425-10
  • Municipality: NORMAN
  • Latitude: 44.1701
  • Longitude: -85.907

    Address

  • Full Address: 4646 Peacock Rd
  • Address - House Number: 4646
  • Address - Street Name: Peacock
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Wellston
  • Carrier Code: R021
  • 4-Digit Zip Code: 9612
  • Zip Code: 49689

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $316,656
  • Tax Rate Code Area: 10

    Appraisal Valuation

  • Standard Deviation: 0.1056
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 89
  • Final Value: 190,036
  • High Value: 210,114
  • Low Value: 169,957

    Market Valuation

  • Market Total Value: $176,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $88,300

    Sales

  • Current Sale Contract Date: Dec 14, 2022
  • Current Sale Recording Date: Dec 14, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Feb 01, 2005
  • Previous Sale Contract Date: Feb 01, 2005
  • Previous Sale Amount: $53,500
  • 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 Manistee

Stats & Trends

Median Asking:

$269,000

Sale Price/ft²

$181

Below Asking

0.03%

Average Days on Market

63

Average Home Size

1600 ft²

Average Home Age

66.7 years

Currently For Sale

90 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: Nicole Estes, Big River Properties
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 22048565
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 4646 Peacock Road built and last sold?
The property at 4646 Peacock Road was built in and last sold on Dec 14, 2022 for $200,000.
How much is this home worth?
The estimated value of the home located at 4646 Peacock Road is $207,750.
What are some comparable homes to 4646 Peacock Road?
There are currently no comparable homes to 4646 Peacock Road.
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