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Calhoun 49245
4655 29 Mile Road
$50,000
● House - Off Market

4655 29 Mile Road

Homer, MI 49245
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,700 Ft²
$142,416
RealtyHop Estimate
58.42%
Since Jan 1, 2018
National-US
Primary Model

About This Property

7 beautiful acres, 4 bedroom farm house, first floor laundry, family room, 1 bath, large pole barn, circle driveway. Some updates.  Home is heated with wood pellet burner.  There is a L.P. furnace not sure it works.
Unit Size
1,700 Ft²
Days on Market
-
Land Size
7.22 acres
Price per sqft
$53
Property Type
House
Property Taxes
$96
HOA Dues
-
Year Built
1900

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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: 3 years ago (MichRIC MLS #17055235)

Price History

Date / Event Date Event Price
Sep 26, 2022 Sold
Premium
Sold
Aug 18, 2022 Listed by David Brigham Real Estate Company $279,900
Listed by David Brigham Real Estate Company
Jan 2, 2018 Sold
Premium
Sold
Nov 4, 2017 Listed by David Brigham Real Estate Company $89,900
Listed by David Brigham Real Estate Company

Property Highlights

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • 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 Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 462
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 304,920
  • Total Building Area: 2,002
  • Building Area: 2,002
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,002
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000007000
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: HOMER TOWNSHIP T4S R4W SECTION 11COMM NE SECTION CORNER, S 2081 FT TO POB,S 757.88 FT, N 71*05'00" W 602.54 FT, N 408.54 FT

Neighborhood

  • School District Name: Homer Community Schools
  • School Tax School District: HOMER
  • Census Tract: 003100

Geography

  • District: 12
  • Parcel: 12-110-003-01
  • Meridian: SEC 01 TWN 04S RNG 04W
  • Municipality: HOMER TWP
  • Latitude: 42.1372
  • Longitude: -84.7312

    Address

  • Full Address: 4655 29 Mile Rd
  • Address - House Number: 4655
  • Address - Street Name: 29 Mile
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Homer
  • Carrier Code: R001
  • 4-Digit Zip Code: 9746
  • Zip Code: 49245

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $140,784

    Appraisal Valuation

  • Standard Deviation: 0.1991
  • Valuation Date: Jun 21, 2023
  • Confidence Score: 73
  • Final Value: 236,004
  • High Value: 282,998
  • Low Value: 189,010

    Market Valuation

  • Market Total Value: $213,820

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $106,910

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 20, 2022
  • Current Sale Recording Date: Sep 26, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Jan 02, 2018
  • Previous Sale Contract Date: Dec 28, 2016
  • Previous Sale Amount: $50,000
  • Previous Sale Document Type: 54
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 Calhoun

Stats & Trends

Median Asking:

$210,000

Sale Price/ft²

$142

Below Asking

0.03%

Average Days on Market

56

Average Home Size

1825 ft²

Average Home Age

73.3 years

Currently For Sale

332 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: Jewell Burkwalt, David Brigham Real Estate Company
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 17055235
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 4655 29 Mile Road built and last sold?
The property at 4655 29 Mile Road was built in 1900 and last sold on Sep 20, 2022 for $275,000.
How much is this home worth?
The estimated value of the home located at 4655 29 Mile Road is $279,097.
What are some comparable homes to 4655 29 Mile Road?
There are currently no comparable homes to 4655 29 Mile Road.
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