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Jackson 49240
5007 Wolf Lake Road
$90,500
● House - Off Market

5007 Wolf Lake Road

Grass Lake, MI 49240
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,260 Ft²
$105,814
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

This 2 bedroom 1 bath Mellen Camp Lake Lakefront cottage has an upstairs that used to be used for 3 more bunk rooms great for a lake getaway. The Cottage also has views of Little Wolf Lake right across the street and is just a steps from Little Wolf Lake County Park. You can choose to kayak out your back yard on Mellen Camp Lake, or go to the park for easy kayak access and swimming at Little Wolf Lake and the Chain of Lakes. If you are looking to dock your boat, consider the Wolf Lake Yacht Club or Butterfields Landing. The Cottage is ready for a complete refresh, but does offer newer windows. Just in time for summer, come check it out.
Unit Size
1,260 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$83
Property Type
House
Property Taxes
$143
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: 3 years ago (MichRIC MLS #23012210)

Price History

Date / Event Date Event Price
May 18, 2023 Sold
Premium
Sold
Apr 21, 2023 Listed by Five Star Real Estate-Jackson $105,000
Listed by Five Star Real Estate-Jackson

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 8
  • Basement Area: 720
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 10,019
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,260
  • Building Area: 1,260
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,260
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: COMM ATHE NE COR OF THE SW QTR (1/4) OF SEC 20, T3S, R2E, THN S ALG THE N & S QTR LN OF SAID SEC 2019.25 FT, THN N 89?19' W

Neighborhood

  • School District Name: Napoleon Community Schools
  • School Tax School District: 38130
  • Census Tract: 006202

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: MAPS SEWER #2
  • District: 09
  • Parcel: 000-15-20-376-028-00
  • Meridian: SEC 02 TWN 03S RNG 50
  • Municipality: NAPOLEON TWP
  • Latitude: 42.1898
  • Longitude: -84.2211

    Address

  • Full Address: 5007 Wolf Lake Rd
  • Address - House Number: 5007
  • Address - Street Name: Wolf Lake
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Grass Lake
  • Carrier Code: R046
  • 4-Digit Zip Code: 9722
  • Zip Code: 49240

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $134,860
  • Tax Rate Code Area: 9

    Appraisal Valuation

  • Standard Deviation: 0.1089
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 89
  • Final Value: 88,542
  • High Value: 98,186
  • Low Value: 78,898

    Market Valuation

  • Market Total Value: $101,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $50,500
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 Jackson

Stats & Trends

Median Asking:

$233,950

Sale Price/ft²

$145

Below Asking

0.03%

Average Days on Market

55

Average Home Size

1881 ft²

Average Home Age

74.7 years

Currently For Sale

416 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: Korey Rowlson, Five Star Real Estate-Jackson
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 23012210
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 5007 Wolf Lake Road built and last sold?
The property at 5007 Wolf Lake Road was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 5007 Wolf Lake Road is $110,558.
What are some comparable homes to 5007 Wolf Lake Road?
There are currently no comparable homes to 5007 Wolf Lake Road.
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