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Holland 49423
509 Graafschap Road
$114,500
● House - Off Market

509 Graafschap Road

Holland, MI 49423
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,504 Ft²
$162,243
RealtyHop Estimate
70.78%
Since Jun 1, 2016
National-US
Primary Model

About This Property

1-1/2 story home with a great location near the lake, bike paths and other conveniences. Lots of character throughout the home. Call for your private tour.
Unit Size
1,504 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$63
Property Type
House
Property Taxes
$267
HOA Dues
-
Year Built
1947

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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 #15060245)

Price History

Date / Event Date Event Price
Feb 19, 2021 Sold
Premium
Sold
Jan 13, 2021 Listed by ART Realty LLC - I $199,900
Listed by ART Realty LLC - I
May 9, 2016 Sold
Premium
Sold
Nov 19, 2015 Listed by ART Realty LLC - I $95,000
Listed by ART Realty LLC - I
Sep 4, 2014 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1947
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 946
  • Garage Type: 7
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,286
  • Lot Size Depth Feet: 1,340
  • Lot Size Frontage Feet: 990
  • Total Building Area: 1,361
  • Building Area: 1,361
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,361
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLASMANS SUBD
  • Land Acres: 0000000305
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 28 & N 1/2 OF LOT 29 PLASMAN'S SUBD SEC 31 T5N R15W

Neighborhood

  • School District Name: Holland City School District
  • School Tax School District: HOLLAND
  • Census Tract: 025800

Zoning

  • Zoning: R-1

Geography

  • District: 65
  • Parcel: 70-16-31-153-001
  • Block: 153
  • Lot: 28-29
  • Meridian: SEC 31 TWN 05N RNG 15W
  • Municipality: HOLLAND CITY
  • Latitude: 42.7781
  • Longitude: -86.1369

    Address

  • Full Address: 509 Graafschap Rd
  • Address - House Number: 509
  • Address - Street Name: Graafschap
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Holland
  • Carrier Code: C035
  • 4-Digit Zip Code: 4552
  • Zip Code: 49423

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $388,167

    Appraisal Valuation

  • Standard Deviation: 0.1841
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 304,276
  • High Value: 360,310
  • Low Value: 248,242

    Market Valuation

  • Market Total Value: $218,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $109,200

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 16, 2021
  • Current Sale Recording Date: Feb 19, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021-0009453
  • Previous Sale Recording Date: Sep 04, 2014
  • Previous Sale Contract Date: Aug 21, 2014
  • Previous Sale Amount: $127,753
  • Previous Sale Document Type: 64
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 Holland

Stats & Trends

Median Asking:

$335,000

Sale Price/ft²

$221

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1705 ft²

Average Home Age

51.5 years

Currently For Sale

71 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: Steve Sterken, ART Realty LLC - I
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 15060245
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 509 Graafschap Road built and last sold?
The property at 509 Graafschap Road was built in 1947 and last sold on Feb 16, 2021 for $213,000.
How much is this home worth?
The estimated value of the home located at 509 Graafschap Road is $0.
What are some comparable homes to 509 Graafschap Road?
There are currently no comparable homes to 509 Graafschap Road.
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