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Hillsdale 49250
4865 Bean Road
$100,000
● Land - Off Market

4865 Bean Road

Jonesville, MI 49250
bedrooms
Studio
bathrooms
0 Bath
$663
Est. Monthly
5.77%
Cap Rate

About This Property

10 wooded acres in Jonesville, surrounded by ag land-  

This is a rare gem in Hillsdale County that won't be around for long!

Whether you are looking for that park-like feel to build your dream home, or looking for a property that boasts great hunting in highly sought after Hillsdale County, this property is for you!

Perk test done ✅

Survey done ✅

Existing well ✅
Unit Size
-
Days on Market
-
Land Size
10.01 acres
Price per sqft
-
Property Type
Land
Property Taxes
$74
HOA Dues
-
Year Built
-

Payment Calculator

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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 #24032403)

Price History

Date / Event Date Event Price
Aug 16, 2024 Sold
Premium
Sold
Jul 31, 2024 In contract -
In contract
Jul 26, 2024 Relisted $119,900
Relisted
Jun 30, 2024 In contract -
In contract
Jun 25, 2024 Listed by Michigan Whitetail Properties $119,900
Listed by Michigan Whitetail Properties
Show More

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: 435,600
  • 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: V
  • Subdivision: False
  • Land Acres: 0000010000
  • Standard Land Use Code: 8001
  • County Land Use Code: 402
  • Legal Description 1: E 10 A OF N 20 A OF NW1/4 NW1/4 ALSO DESC AS COM NE COR SEC 13 T6S R4W (REC NW COR SEC 18) TH N 89 4751E 664.81 FT TO POB TH

Neighborhood

  • School District Name: Jonesville Community Schools
  • Census Tract: 050400

Geography

  • District: 06
  • Section: 18
  • Parcel: 06-018-100-009-18-6-3
  • Meridian: SEC 13 TWN 06S RNG 04W
  • Municipality: FAYETTE TWP
  • Latitude: 41.9553
  • Longitude: -84.7057

    Address

  • Full Address: 4865 Bean Rd
  • Address - House Number: 4865
  • Address - Street Name: Bean
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Allen
  • Zip Code: 49227

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $20,624

    Market Valuation

  • Market Total Value: $37,500
  • Market Land Value: $37,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $18,800

    Sales

  • Current Sale Contract Date: Jun 14, 2019
  • Current Sale Recording Date: Jun 14, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Jul 16, 2012
  • Previous Sale Contract Date: Jul 13, 2012
  • Previous Sale Amount: $45,000
  • 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 Hillsdale

Stats & Trends

Median Asking:

$249,900

Sale Price/ft²

$150

Below Asking

0.02%

Average Days on Market

61

Average Home Size

1895 ft²

Average Home Age

88.4 years

Currently For Sale

107 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: Mike Plemmons, Michigan Whitetail Properties
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24032403
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 4865 Bean Road built and last sold?
The property at 4865 Bean Road was built in and last sold on Jun 14, 2019 for $58,000.
How much is this home worth?
The estimated value of the home located at 4865 Bean Road is $121,099.
What are some comparable homes to 4865 Bean Road?
There are currently no comparable homes to 4865 Bean Road.
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