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Plainwell 49080
520 S Main Street
$225,000
● House - Off Market

520 S Main Street

Plainwell, MI 49080
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,878 Ft²
$1,077
Est. Monthly
7.67%
Cap Rate

About This Property

Stunning Farmhouse in the historic city of Plainwell.  Seller has lovingly cared for this home for the past 14 years.  Enter through the cozy 3 season room into the updated Kitchen.  MF laundry room is off the kitchen.  Adorable dining area with a butler's pantry.  MF bedroom with an ensuite bath.  If you are a designer at heart, you will love the adorable nooks, sconce lighting, and porches.  newer updates.  Exterior painted 2015, Many of the windows have been replaced, windows in 3 season room replaced 2023,

Furnace replaced approx. 5 yrs, Roof replaced 2021. Newer carpet in several rooms.  Three car detached garage with a 4th open stall.  Walking distance to school, Grocery, restaurants, & quaint shops that line the downtown streets.  Love small city living!  OFFER DEADLINE SUN. 5PM
Unit Size
1,878 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$116
Property Type
House
Property Taxes
$7
HOA Dues
-
Year Built
-

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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 #24005283)

Price History

Date / Event Date Event Price
Mar 12, 2024 Sold
Premium
Sold
Jan 30, 2024 Listed by Chuck Jaqua, REALTOR $218,000
Listed by Chuck Jaqua, REALTOR
Apr 27, 2010 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 544
  • Garage Type: 7
  • Garage Square Area: 680
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,890
  • Lot Size Depth Feet: 1,650
  • Lot Size Frontage Feet: 660
  • Total Building Area: 1,813
  • Building Area: 1,813
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,813
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THOMPSON S SECOND ADDITION
  • Land Acres: 0000000250
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: S 1/2 LOT 58 ALSO S 1/2 LOT 59 THOMPSON'S 2ND ADDITION.

Neighborhood

  • School District Name: Plainwell Community Schools
  • School Tax School District: PLAINWELL
  • Census Tract: 032000

Zoning

  • Zoning: R1C

Geography

  • District: 55
  • Parcel: 55-360-013-00
  • Lot: 58-59
  • Municipality: PLAINWELL CITY
  • Latitude: 42.4384
  • Longitude: -85.6422

    Address

  • Full Address: 520 S Main St
  • Address - House Number: 520
  • Street Direction: S
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: MI
  • City Name: Plainwell
  • Carrier Code: C003
  • 4-Digit Zip Code: 1643
  • Zip Code: 49080

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,900

    Appraisal Valuation

  • Standard Deviation: 0.103
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 90
  • Final Value: 221,273
  • High Value: 244,074
  • Low Value: 198,472

    Market Valuation

  • Market Total Value: $114,800
  • Market Land Value: $21,800
  • Market Improvement Value: $93,000

    Assessments Valuation

  • Assessed Year: 2023

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 08, 2024
  • Current Sale Recording Date: Mar 12, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3029
  • Previous Sale Recording Date: Apr 27, 2010
  • Previous Sale Contract Date: Apr 06, 2010
  • Previous Sale Amount: $90,500
  • 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 Plainwell

Stats & Trends

Median Asking:

$234,000

Sale Price/ft²

$151

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1680 ft²

Average Home Age

122 years

Currently For Sale

6 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: Laura Beegle, Chuck Jaqua, REALTOR
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24005283
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 520 South Main Street built and last sold?
The property at 520 South Main Street was built in and last sold on Mar 8, 2024 for $225,000.
How much is this home worth?
The estimated value of the home located at 520 South Main Street is $221,066.
What are some comparable homes to 520 South Main Street?
There are currently no comparable homes to 520 South Main Street.
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