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Allegan
4870 112th Avenue
$125,000
● Land - Off Market

4870 112th Avenue

Pullman, MI 49450
bedrooms
Studio
bathrooms
0 Bath
$639
Est. Monthly

About This Property

ATTENTION HUNTERS! Here is your opportunity to own almost 10 acres with State Game Land both in front and back of the property. Follow the private driveway back to a nice clearing and 3 older buildings, one measuring 36x80 with 5 separate rooms and a large liento off the back. There is an open 1/2 acre plot for deer or to build a hunting cabin or dream home. You will love that the property is surrounded with tons of wildlife with Chestnut trees bringing the deer in. Fenced in areas are already in for livestock if desired! The other building is a large liento for storage and a smaller animal pen building. Electric is already on the property. Seller is ready to sell, please make an offer!
Unit Size
-
Days on Market
-
Land Size
9.75 acres
Price per sqft
-
Property Type
Land
Property Taxes
$54
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: 2 years ago (MichRIC MLS #24052780)

Price History

Date / Event Date Event Price
Dec 3, 2024 Sold
Premium
Sold
Nov 27, 2024 In contract -
In contract
Nov 21, 2024 Price Decreased $119,000
↓ $10K (7.8%)
Price Decreased
Oct 23, 2024 Price Decreased $129,000
↓ $10K (7.2%)
Price Decreased
Oct 7, 2024 Listed by Coldwell Banker Woodland Schmidt Saugatuck $139,000
Listed by Coldwell Banker Woodland Schmidt Saugatuck
Show More

Property Highlights

Building Info

Overview

    General

  • Building Count: 5
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • 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: 424,710
  • Total Building Area: 576
  • Building Area: 576
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 576
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000009750
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: W 1/2 E 1/2 NW 1/4 NE 1/4 SEC 1 T1N R15W (95)

Neighborhood

  • School District Name: Fennville Public Schools
  • School Tax School District: FENNVILLE
  • Census Tract: 031002

Geography

  • District: 12
  • Parcel: 12-001-003-00
  • Meridian: SEC 01 TWN 01N RNG 15W
  • Municipality: LEE TWP
  • Latitude: 42.5045
  • Longitude: -86.0198

    Address

  • Full Address: 4870 112th Ave
  • Address - House Number: 4870
  • Address - Street Name: 112th
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Pullman
  • Carrier Code: R011
  • 4-Digit Zip Code: 9665
  • Zip Code: 49450

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $60,331

    Appraisal Valuation

  • Standard Deviation: 0.1028
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 90
  • Final Value: 114,858
  • High Value: 126,668
  • Low Value: 103,047

    Market Valuation

  • Market Total Value: $85,600
  • Market Land Value: $33,800
  • Market Improvement Value: $51,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $42,800
  • Assessed Land Value: $16,900
  • Assessed Improvements Value: $25,900

    Sales

  • Current Sale Contract Date: Mar 15, 2024
  • Current Sale Recording Date: Mar 28, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 4566
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 Allegan

Stats & Trends

Median Asking:

$365,000

Sale Price/ft²

$202

Below Asking

0.02%

Average Days on Market

52

Average Home Size

2157 ft²

Average Home Age

49.3 years

Currently For Sale

320 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: Kimberly Laaksonen, Coldwell Banker Woodland Schmidt Saugatuck
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24052780
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 4870 112th Avenue built and last sold?
The property at 4870 112th Avenue was built in and last sold on Mar 15, 2024 for $106,000.
How much is this home worth?
The estimated value of the home located at 4870 112th Avenue is $0.
What are some comparable homes to 4870 112th Avenue?
There are currently no comparable homes to 4870 112th Avenue.
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