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Cass 49067
50060 Red Run Drive
$50,000
● Land - Off Market

50060 Red Run Drive

Marcellus, MI 49067
bedrooms
Studio
bathrooms
0 Bath
$80,272
RealtyHop Estimate
60.54%
Since Jul 1, 2017
National-US
Primary Model

About This Property

For comp and production-vacant land with shed right across from Fish Lake.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
$40
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 #17026199)

Price History

Date / Event Date Event Price
Jun 15, 2017 Sold
Premium
Sold
Jun 1, 2017 Listed by Coldwell Banker Advantage $50,000
Listed by Coldwell Banker Advantage
May 2, 2017 Sold
Premium
Sold
Sep 28, 2004 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 29
  • 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: 13,504
  • Lot Size Frontage Feet: 0
  • 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: R
  • Subdivision: MEL VILLE #1
  • Land Acres: 0000000310
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: . 570 5-13 MELVILLE NO 1 LOT 33.

Neighborhood

  • School District Name: Marcellus Community Schools
  • School Tax School District: MARCELLUS
  • Census Tract: 001701

Geography

  • District: 050
  • Parcel: 14-050-425-033-00
  • Lot: 33
  • Municipality: MARCELLUS TWP
  • Latitude: 42.0581
  • Longitude: -85.8575

    Address

  • Full Address: 50060 Red Run Rd
  • Legal Unit: 6
  • Address - House Number: 50060
  • Address - Street Name: Red Run
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Marcellus
  • Carrier Code: R001
  • 4-Digit Zip Code: 8730
  • Zip Code: 49067

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $112,470

    Appraisal Valuation

  • Standard Deviation: 0.2472
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 65
  • Final Value: 430,992
  • High Value: 537,570
  • Low Value: 324,414

    Market Valuation

  • Market Total Value: $300,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $150,100

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 01, 2017
  • Current Sale Recording Date: May 02, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Sep 28, 2004
  • Previous Sale Contract Date: Sep 21, 2004
  • Previous Sale Amount: $250,000
  • 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 Cass

Stats & Trends

Median Asking:

$305,000

Sale Price/ft²

$179

Below Asking

0.03%

Average Days on Market

65

Average Home Size

1835 ft²

Average Home Age

62.3 years

Currently For Sale

165 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: Michael Bingaman, Coldwell Banker Advantage
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 17026199
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 50060 Red Run Drive built and last sold?
The property at 50060 Red Run Drive was built in and last sold on May 1, 2017 for $279,900.
How much is this home worth?
The estimated value of the home located at 50060 Red Run Drive is $0.
What are some comparable homes to 50060 Red Run Drive?
There are currently no comparable homes to 50060 Red Run Drive.
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