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Berrien 49127
5180 Cherry Lane
$231,000
● House - Off Market

5180 Cherry Lane

Stevensville, MI 49127
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
4,400 Ft²
$377,715
RealtyHop Estimate
63.05%
Since May 1, 2017
National-US
Primary Model

About This Property

Four bedroom home on two acres with plenty of amenities.
Unit Size
4,400 Ft²
Days on Market
-
Land Size
2.05 acres
Price per sqft
$53
Property Type
House
Property Taxes
$590
HOA Dues
-
Year Built
1987

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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 #17008007)

Price History

Date / Event Date Event Price
Oct 30, 2018 Sold
Premium
Sold
Aug 19, 2018 Listed by Active Realtors $575,000
Listed by Active Realtors
Apr 3, 2017 Sold
Premium
Sold
Mar 1, 2017 Listed by Active Realtors $231,660
Listed by Active Realtors

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,770
  • Garage Type: 7
  • Garage Square Area: 961
  • Parking Space Count: 4
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 89,298
  • Lot Size Depth Feet: 3,300
  • Lot Size Frontage Feet: 2,700
  • Total Building Area: 3,660
  • Building Area: 3,660
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,660
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SABLES SHORES CONDOMINIUMS
  • Land Acres: 0000002050
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: COM 990.39'N 0 DEG 07'17''W & 457.38'N89DEG57'52''E OF CEN SEC 22 T5S R19W TH N89DEG57'52''E 269.5'TH S 0 DEG15'33''E

Neighborhood

  • School District Name: Lakeshore School District
  • School Tax School District: LAKESHORE
  • Census Tract: 001600

Zoning

  • Zoning: LD

Geography

  • Assessors Map Reference: 022-2
  • District: 12
  • Parcel: 12-0022-0034-03-6
  • Meridian: SEC 22 TWN 05S RNG 19W
  • Municipality: LINCOLN TWP
  • Latitude: 42.0243
  • Longitude: -86.5023

    Address

  • Full Address: 5180 Cherry Ln
  • Address - House Number: 5180
  • Address - Street Name: Cherry
  • Address - Suffix Type: Ln
  • State: MI
  • City Name: Stevensville
  • Carrier Code: R002
  • 4-Digit Zip Code: 9545
  • Zip Code: 49127

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $630,730

    Appraisal Valuation

  • Standard Deviation: 0.2039
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 72
  • Final Value: 805,348
  • High Value: 969,604
  • Low Value: 641,092

    Market Valuation

  • Market Total Value: $673,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $336,600

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 16, 2018
  • Current Sale Recording Date: Oct 30, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Oct 30, 2018
  • Previous Sale Amount: $579,000
  • 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 Berrien

Stats & Trends

Median Asking:

$325,000

Sale Price/ft²

$187

Below Asking

0.02%

Average Days on Market

54

Average Home Size

2019 ft²

Average Home Age

59.6 years

Currently For Sale

576 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: Greg Miller, Active Realtors
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 17008007
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 5180 Cherry Lane built and last sold?
The property at 5180 Cherry Lane was built in 1987 and last sold on Oct 16, 2018 for $579,000.
How much is this home worth?
The estimated value of the home located at 5180 Cherry Lane is $0.
What are some comparable homes to 5180 Cherry Lane?
There are currently no comparable homes to 5180 Cherry Lane.
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