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Van Buren 49057
54392 County Road 681
$57,500
● Land - Off Market

54392 County Road 681

Lawrence, MI 49064
bedrooms
Studio
bathrooms
0 Bath
$47,489
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

Multiple offers received - All offers due by 9 PM on 10/9/22. 11 acres with frontage on Hall Picture Creek. Purchase includes shed, tractor and camper currently on site. Land is cleared where a previous mobile home was located.

Utilities are available at the road.
Unit Size
-
Days on Market
28 days
Land Size
10.97 acres
Price per sqft
-
Property Type
Land
Property Taxes
$79
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: 7 months ago (MichRIC MLS #22043165)

Price History

Date / Event Date Event Price
Nov 9, 2022 Sold
Premium
Sold
Oct 7, 2022 Listed by Keller Williams Kalamazoo Market Center $45,000
Listed by Keller Williams Kalamazoo Market Center
Feb 27, 2012 Sold
Premium
Sold
Apr 11, 2011 Listed by Keller Williams Kalamazoo Market Center $25,000
Listed by Keller Williams Kalamazoo Market Center

Property Highlights

Building Info

Overview

    General

  • 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: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 479,160
  • Lot Size Frontage Feet: 0
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000011000
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: 171-H 12-3-16 895-353 1004-874 1037-890 1562-421 1745-734/5 *** COM AT E1/4 POST OF SEC, TH S 0 DEG 52' 30"E ALG E SEC L

Neighborhood

  • School District Name: Hartford Public School District
  • School Tax School District: HARTFORD
  • Census Tract: 011400

Geography

  • Assessors Map Reference: 171-H
  • District: 11
  • Section: L
  • Parcel: 80-11-012-029-60
  • Municipality: HARTFORD TWP
  • Latitude: 42.2208
  • Longitude: -86.1098

    Address

  • Full Address: 54392 County Road 681
  • Address - House Number: 54392
  • Address - Street Name: County Road 681
  • State: MI
  • City Name: Lawrence
  • Carrier Code: R002
  • 4-Digit Zip Code: 9441
  • Zip Code: 49064

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $33,513
  • Tax Rate Code Area: 80110

    Appraisal Valuation

  • Standard Deviation: 0.3385
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 32
  • Final Value: 35,073
  • High Value: 46,948
  • Low Value: 23,197

    Market Valuation

  • Market Total Value: $63,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $31,800

    Sales

  • Current Sale Contract Date: Nov 04, 2022
  • Current Sale Recording Date: Nov 09, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3427075
  • Previous Sale Recording Date: Feb 27, 2012
  • Previous Sale Contract Date: Feb 22, 2012
  • Previous Sale Amount: $20,000
  • 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 Van Buren

Stats & Trends

Median Asking:

$329,000

Sale Price/ft²

$182

Below Asking

0.03%

Average Days on Market

57

Average Home Size

2067 ft²

Average Home Age

60.9 years

Currently For Sale

230 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: Jennifer K Hoffman, Keller Williams Kalamazoo Market Center
Last Updated: 7 months ago
Data Source: MichRIC, MLS# 22043165
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 54392 County Rd 681 built and last sold?
The property at 54392 County Rd 681 was built in and last sold on Nov 4, 2022 for $57,500.
How much is this home worth?
The estimated value of the home located at 54392 County Rd 681 is $0.
What are some comparable homes to 54392 County Rd 681?
There are currently no comparable homes to 54392 County Rd 681.
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