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Van Buren 49056
48858 2nd Avenue
$225,000
● House - Off Market

48858 2nd Avenue

Grand Junction, MI 49056
bedrooms
2 Beds
bathrooms
1 Bath
square feet
560 Ft²
$251,938
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

GORGEOUS, PARTIALLY WOODED, 4.4 ACRE PROPERTY WITH 144FT OF FRONTAGE ON SCENIC AND TRANQUIL DEER LAKE. Also on the property is a 32x 68 POLE BARN WITH ELECTRIC AND LARGE OVERHEAD DOOR PLUS A SIDE DOOR. The trailer is 2 bedrooms and 1 bath and the seller has recently put in a new 6'' well for $6,000 and a new $25,000 septic system. Truly a lovely getaway setting to build your dream home or just enjoy as is, as there is great bluegill and bass fishing on Deer Lake. Only 2 hours from Chicago!
Unit Size
560 Ft²
Days on Market
-
Land Size
4.40 acres
Price per sqft
$446
Property Type
House
Property Taxes
$212
HOA Dues
-
Year Built
1963

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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 #23004701)

Price History

Date / Event Date Event Price
Jun 2, 2023 Sold
Premium
Sold
Feb 15, 2023 Listed by Cressy & Everett Real Estate $250,000
Listed by Cressy & Everett Real Estate
May 2, 1997 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 33
  • 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: 169,797
  • Lot Size Depth Feet: 11,000
  • Lot Size Frontage Feet: 1,500
  • Total Building Area: 560
  • Building Area: 560
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 560
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000003898
  • Standard Land Use Code: 1006
  • County Land Use Code: 401
  • Mobile Home Indicator: T
  • Legal Description 1: 15-B 2-1-15 835-744 611-194 984-829,830 1106-986 1119-825 1123-563 1631-388 *** E 150' OF W 450' OF SWFR 1/4 NEFR 1/4.

Neighborhood

  • School District Name: Bloomingdale Public School District
  • School Tax School District: BLOOMINGDALE
  • Census Tract: 010202

Zoning

  • Zoning: AG

Geography

  • Assessors Map Reference: 15-B
  • District: 06
  • Parcel: 80-06-002-005-00
  • Municipality: COLUMBIA TWP
  • Latitude: 42.4134
  • Longitude: -86.0225

    Address

  • Full Address: 48858 2nd Ave
  • Address - House Number: 48858
  • Address - Street Name: 2nd
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Grand Junction
  • Carrier Code: R011
  • 4-Digit Zip Code: 9784
  • Zip Code: 49056

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $51,189
  • Tax Rate Code Area: 80060

    Appraisal Valuation

  • Standard Deviation: 0.1196
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 87
  • Final Value: 242,810
  • High Value: 271,863
  • Low Value: 213,757

    Market Valuation

  • Market Total Value: $116,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $58,100

    Sales

  • Current Sale Contract Date: May 26, 2023
  • Current Sale Recording Date: Jun 02, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3434703
  • Previous Sale Recording Date: May 02, 1997
  • Previous Sale Contract Date: May 02, 1997
  • Previous Sale Amount: $40,000
  • Previous Sale Document Type: 27
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 Van Buren

Stats & Trends

Median Asking:

$329,000

Sale Price/ft²

$182

Below Asking

0.03%

Average Days on Market

57

Average Home Size

2067 ft²

Average Home Age

60.9 years

Currently For Sale

230 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: Dennis Bamber, Cressy & Everett Real Estate
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 23004701
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 48858 2nd Avenue built and last sold?
The property at 48858 2nd Avenue was built in 1963 and last sold on May 26, 2023 for $225,000.
How much is this home worth?
The estimated value of the home located at 48858 2nd Avenue is $0.
What are some comparable homes to 48858 2nd Avenue?
There are currently no comparable homes to 48858 2nd Avenue.
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