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Portage 49024
4701 Cedarcrest Avenue
$250,000
● House - Off Market

4701 Cedarcrest Avenue

Portage, MI 49024
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,326 Ft²
$1,491
Est. Monthly
5.44%
Cap Rate

About This Property

OPEN HOUSE CANCELLED - Charming Cape Cod in Portage schools! This 3BR/2BA boasts a main-floor primary bedroom & laundry for convenience. Fresh paint & updated kitchen create move-in-ready ease. Entertain on the large corner lot w/colored concrete patio. New 24' x 24' detached 2-car garage & unfinished basement offer endless possibilities! Don't miss out!
Unit Size
1,326 Ft²
Days on Market
17 days
Land Size
0.25 acres
Price per sqft
$183
Property Type
House
Property Taxes
$300
HOA Dues
-
Year Built
1981

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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: 7 months ago (MichRIC MLS #24020209)

Price History

Date / Event Date Event Price
May 13, 2024 Sold
Premium
Sold
Apr 26, 2024 Listed by Keller Williams Kalamazoo Market Center $242,500
Listed by Keller Williams Kalamazoo Market Center
May 30, 2017 Sold
Premium
Sold
Dec 29, 2016 Listed by Keller Williams Kalamazoo Market Center $64,000
Listed by Keller Williams Kalamazoo Market Center
Mar 17, 2016 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1981
  • Effective Year Built: 1981
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 884
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 8
  • Pool Type: 9

    Dimensions

  • Lot Size Square Feet: 10,890
  • Total Building Area: 1,326
  • Building Area: 1,326
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,326
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WESTFIELD #5
  • Land Acres: 0000000250
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: WESTFIELD #5 LOT 202

Neighborhood

  • School District Name: Portage Public Schools
  • School Tax School District: PORTAGE
  • Census Tract: 002003

Zoning

  • Zoning: R-1B

Geography

  • District: 10
  • Parcel: 10-08765-202-O
  • Lot: 202
  • Municipality: PORTAGE CITY
  • Latitude: 42.2338
  • Longitude: -85.6459

    Address

  • Full Address: 4701 Cedarcrest Ave
  • Address - House Number: 4701
  • Address - Street Name: Cedarcrest
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Portage
  • Carrier Code: C020
  • 4-Digit Zip Code: 9576
  • Zip Code: 49024

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $316,498

    Appraisal Valuation

  • Standard Deviation: 0.1889
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 75
  • Final Value: 256,311
  • High Value: 304,749
  • Low Value: 207,873

    Market Valuation

  • Market Total Value: $192,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $96,300

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 17, 2017
  • Current Sale Recording Date: May 30, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 2017-018257
  • Previous Sale Recording Date: Mar 17, 2016
  • Previous Sale Contract Date: Mar 10, 2016
  • Previous Sale Amount: $86,900
  • Previous Sale Document Type: 64
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 Portage

Stats & Trends

Median Asking:

$325,000

Sale Price/ft²

$161

Below Asking

0.01%

Average Days on Market

47

Average Home Size

2089 ft²

Average Home Age

44.7 years

Currently For Sale

126 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: Jennifer K Hoffman, Keller Williams Kalamazoo Market Center
Last Updated: 7 months ago
Data Source: MichRIC, MLS# 24020209
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 4701 Cedarcrest Avenue built and last sold?
The property at 4701 Cedarcrest Avenue was built in 1981 and last sold on May 17, 2017 for $90,750.
How much is this home worth?
The estimated value of the home located at 4701 Cedarcrest Avenue is $232,151.
What are some comparable homes to 4701 Cedarcrest Avenue?
There are currently no comparable homes to 4701 Cedarcrest Avenue.
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