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Three Oaks 49128
505 TULIP Drive
$116,000
● House - Off Market

505 TULIP Drive

Three Oaks, MI 49128
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,942 Ft²
$222,374
RealtyHop Estimate
86.87%
Since Jan 1, 2015
National-US
Primary Model
Unit Size
1,942 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$61
Property Type
House
Property Taxes
$133
HOA Dues
-
Year Built
1972

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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 #14066856)

Price History

Date / Event Date Event Price
Jan 28, 2019 Sold
Premium
Sold
Jan 4, 2019 Listed by RE/MAX Harbor Country @ New Buffalo $140,000
Listed by RE/MAX Harbor Country @ New Buffalo
FOR PRODUCTION PURPOSES ONLY
Dec 30, 2014 Sold
Premium
Sold
Dec 27, 2014 Listed by Keller Williams Realty SWM $119,000
Listed by Keller Williams Realty SWM
Aug 10, 1979 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 40
  • 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: 7
  • Garage Square Area: 288
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,631
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 880
  • Total Building Area: 1,432
  • Building Area: 1,432
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,432
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLEASANT VIEW
  • Land Acres: 0000000267
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 97 PLEASANT VIEW NO 1

Neighborhood

  • School District Name: River Valley School District
  • School Tax School District: RIVER VALLEY
  • Census Tract: 011400

Geography

  • Assessors Map Reference: 011-1
  • District: 47
  • Parcel: 47-6110-0097-00-2
  • Lot: 97
  • Municipality: THREE OAKS TWP
  • Latitude: 41.7944
  • Longitude: -86.604

    Address

  • Full Address: 505 Tulip Dr
  • Legal Unit: 97
  • Address - House Number: 505
  • Address - Street Name: Tulip
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Three Oaks
  • Carrier Code: C001
  • 4-Digit Zip Code: 1190
  • Zip Code: 49128

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $183,633

    Appraisal Valuation

  • Standard Deviation: 0.2529
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 64
  • Final Value: 276,140
  • High Value: 345,977
  • Low Value: 206,303

    Market Valuation

  • Market Total Value: $242,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $121,200

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 02, 2010
  • Current Sale Recording Date: Jun 07, 2010
  • Current Sale Document Type: 54
  • Previous Sale Recording Date: Aug 10, 1979
  • Previous Sale Contract Date: Aug 10, 1979
  • Previous Sale Amount: $47,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: FIX
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 Three Oaks

Stats & Trends

Median Asking:

$379,000

Sale Price/ft²

$243

Below Asking

0.06%

Average Days on Market

82

Average Home Size

1819 ft²

Average Home Age

85.5 years

Currently For Sale

14 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: Peter G Rahm, Keller Williams Realty SWM
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 14066856
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 505 Tulip Drive built and last sold?
The property at 505 Tulip Drive was built in 1972 and last sold on Jun 2, 2010 for $0.
How much is this home worth?
The estimated value of the home located at 505 Tulip Drive is $0.
What are some comparable homes to 505 Tulip Drive?
There are currently no comparable homes to 505 Tulip Drive.
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