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Hillsdale 49227
5371 Bean Road
$380,000
● House - Off Market

5371 Bean Road

Allen, MI 49227
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,100 Ft²
$377,806
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

Picture perfect homestead! This chalet-style home is nestled on almost 10 acres, just a few minutes from town.  Knotty pine, vaulted ceilings, and beautiful views from the kitchen & dining room! Bonus room over the garage could be an office, rec room, or 4th bed.  Recent updates include metal roof (5yrs), all new windows, new well (2 yrs), and far more - too many to list! Full, dry basement (part finished) with workshop area. Main floor laundry & master bed/bath. Acreage is mostly wooded with trails throughout; plenty of wildlife and even some wild cherry trees! 32x48 newer barn with cement floor & 2nd floor for storage. 2nd barn has 2 stables & tack room/chicken coop. Fencing will stay. Much more to see, very nicely remodeled & very well maintained! Subj to seller finding suitable housing
Unit Size
2,100 Ft²
Days on Market
-
Land Size
9.94 acres
Price per sqft
$179
Property Type
House
Property Taxes
$139
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 #23009305)

Price History

Date / Event Date Event Price
May 15, 2023 Sold
Premium
Sold
Mar 30, 2023 Listed by Christie Plemmons Realty $374,900
Listed by Christie Plemmons Realty
Jul 9, 2007 Sold
Premium
Sold
Apr 1, 1983 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage
Fireplace

Building Info

Overview

    General

  • Building Count: 2
  • 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: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 125
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,024
  • 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: 432,986
  • Total Building Area: 1,024
  • Gross Building Area: 1,200
  • Building Area: 1,024
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,024
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: False
  • Land Acres: 0000009940
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: COM NE COR SEC TH S 89 5334W ALG N LN SEC & C/L BEAN RD OF 1311 FT TO POB TH S 1 1904W PAR W/ E SEC LN 1331.17 FT TO S LN N1/

Neighborhood

  • School District Name: Jonesville Community Schools
  • Census Tract: 050400

Geography

  • District: 05
  • Section: 1311
  • Parcel: 05-013-200-011-13-6-4
  • Meridian: SEC 13 TWN 06S RNG 04W
  • Municipality: ALLEN TWP
  • Latitude: 41.9543
  • Longitude: -84.7148

    Address

  • Full Address: 5371 Bean Rd
  • Address - House Number: 5371
  • Address - Street Name: Bean
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Allen
  • Carrier Code: R021
  • 4-Digit Zip Code: 9587
  • Zip Code: 49227

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $64,651

    Appraisal Valuation

  • Standard Deviation: 0.2205
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 69
  • Final Value: 343,859
  • High Value: 419,687
  • Low Value: 268,031

    Market Valuation

  • Market Total Value: $188,393
  • Market Land Value: $60,435
  • Market Improvement Value: $127,958

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $94,200

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 12, 2023
  • Current Sale Recording Date: May 15, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 599160
  • Previous Sale Recording Date: Jul 09, 2007
  • Previous Sale Contract Date: Jul 02, 2007
  • Previous Sale Amount: $155,500
  • 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 Hillsdale

Stats & Trends

Median Asking:

$249,900

Sale Price/ft²

$150

Below Asking

0.02%

Average Days on Market

61

Average Home Size

1895 ft²

Average Home Age

88.4 years

Currently For Sale

107 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: Christie M Plemmons, Christie Plemmons Realty
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 23009305
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 5371 Bean Road built and last sold?
The property at 5371 Bean Road was built in and last sold on May 12, 2023 for $380,000.
How much is this home worth?
The estimated value of the home located at 5371 Bean Road is $0.
What are some comparable homes to 5371 Bean Road?
There are currently no comparable homes to 5371 Bean Road.
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