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Allegan 49056
5487 104th Avenue
$56,500
● House - Off Market

5487 104th Avenue

Grand Junction, MI 49056
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,304 Ft²
$91,437
RealtyHop Estimate
66.55%
Since Mar 1, 2017
National-US
Primary Model

About This Property

2 Bed, 1.5 bath home located in Grand Junction, MI. This property is close to local towns and shopping. Interior of this home will need some work but would make a great home!
Unit Size
1,304 Ft²
Days on Market
-
Land Size
10.00 acres
Price per sqft
$42
Property Type
House
Property Taxes
$191
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 #16056926)

Price History

Date / Event Date Event Price
Jun 18, 2018 Sold
Premium
Sold
Feb 27, 2017 Sold
Premium
Sold
Nov 11, 2016 Listed by USREALTY.COM LLP $54,900
Listed by USREALTY.COM LLP

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Building Count: 2
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 4
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 45
  • Exterior Walls Type: 19
  • 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: 435,600
  • Total Building Area: 1,080
  • Building Area: 1,080
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,080
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000010000
  • Standard Land Use Code: 1006
  • County Land Use Code: 401
  • Mobile Home Indicator: T
  • Legal Description 1: BEG 3.63' E OF S 1/4 PST TH E 331.25' TH N 1317.63' TH W 331.25' TH S TO POB SEC 21 T1N R15W (94)

Neighborhood

  • School District Name: Bloomingdale Public School District
  • School Tax School District: BLOOMINGDALE
  • Census Tract: 031000

Geography

  • District: 12
  • Parcel: 12-021-042-10
  • Meridian: SEC 21 TWN 01N RNG 15W
  • Municipality: LEE TWP
  • Latitude: 42.4485
  • Longitude: -86.0799

    Address

  • Full Address: 5487 104th Ave
  • Address - House Number: 5487
  • Address - Street Name: 104th
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Grand Junction
  • Carrier Code: R012
  • 4-Digit Zip Code: 9102
  • Zip Code: 49056

Valuation

    Tax

  • Tax Year: 2020
  • Tax Amount: $161,452

    Appraisal Valuation

  • Standard Deviation: 0.2231
  • Valuation Date: Jun 22, 2022
  • Confidence Score: 69
  • Final Value: 152,072
  • High Value: 186,004
  • Low Value: 118,141

    Market Valuation

  • Market Total Value: $55,800
  • Market Land Value: $31,200
  • Market Improvement Value: $24,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $27,900
  • Assessed Land Value: $15,600
  • Assessed Improvements Value: $12,300

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 13, 2018
  • Current Sale Recording Date: Jun 18, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 44
  • Previous Sale Recording Date: Mar 09, 2017
  • Previous Sale Contract Date: Feb 23, 2017
  • Previous Sale Document Type: 27
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 Allegan

Stats & Trends

Median Asking:

$365,000

Sale Price/ft²

$202

Below Asking

0.02%

Average Days on Market

52

Average Home Size

2157 ft²

Average Home Age

49.3 years

Currently For Sale

320 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: Ryan Gehris, USREALTY.COM LLP
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 16056926
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 5487 104th Avenue built and last sold?
The property at 5487 104th Avenue was built in and last sold on Jun 13, 2018 for $139,000.
How much is this home worth?
The estimated value of the home located at 5487 104th Avenue is $0.
What are some comparable homes to 5487 104th Avenue?
There are currently no comparable homes to 5487 104th Avenue.
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