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St. Joseph 49072
55377 Walterspraugh Road
$265,000
● House - Off Market

55377 Walterspraugh Road

Mendon, MI 49072
bedrooms
5 Beds
bathrooms
3 Baths
square feet
2,253 Ft²
$325,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

3 SEPARATE HOMES SITTING ON 10 ACRES WITH POND. The main house is move- ready and has 5 bedrooms a large living room and dining room with laminate wood flooring and a spacious kitchen. There are 2 full baths on the main floor and a basement with another full bath, family room and semi-finished kitchen. The Middle Property  has 7 bedrooms, 2 full baths, living room with fireplace but needs extensive work. The small home has 3 bedrooms and one full bath and is currently being rented & the tenant is open with continuing the lease with new owner. The larger homes were used in the past as adult foster care homes. A GREAT INVESTMENT OPPORTUNITY OR USED AS A FAMILY COMPOUND.
Unit Size
2,253 Ft²
Days on Market
-
Land Size
10.15 acres
Price per sqft
$144
Property Type
House
Property Taxes
$724
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 #23024206)

Price History

Date / Event Date Event Price
Nov 8, 2023 Sold
Premium
Sold
Jul 10, 2023 Listed by Cressy & Everett Real Estate $325,000
Listed by Cressy & Everett Real Estate
Nov 1, 1996 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 3,480
  • Garage Type: 7
  • Garage Square Area: 720
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 466,092
  • Lot Size Depth Feet: 3,500
  • Lot Size Frontage Feet: 3,360
  • 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: 0000010700
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: COM 335 FT N OF W 1/4 CORSE C 36 T5S R10W TH N 335 FT TH E TO N-S 1/8 LN OF NW 1/4 TH S 335 FT TH W TO POB.10 A+/-.

Neighborhood

  • School District Name: Mendon Community School District
  • School Tax School District: MENDON
  • Census Tract: 041000

Geography

  • District: 010
  • Parcel: 010-036-004-10
  • Meridian: SEC 36 TWN 05S RNG 10W
  • Municipality: MENDON TOWNSHIP
  • Latitude: 41.9934
  • Longitude: -85.429

    Address

  • Full Address: 55377 Walterspaugh Rd
  • Address - House Number: 55377
  • Address - Street Name: Walterspaugh
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Mendon
  • Carrier Code: R012
  • 4-Digit Zip Code: 9545
  • Zip Code: 49072

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $188,419

    Appraisal Valuation

  • Standard Deviation: 0.108
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 89
  • Final Value: 321,028
  • High Value: 355,731
  • Low Value: 286,325

    Market Valuation

  • Market Total Value: $547,800
  • Market Land Value: $58,200
  • Market Improvement Value: $489,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $273,900
  • Assessed Land Value: $29,100
  • Assessed Improvements Value: $244,800

    Sales

  • Current Sale Contract Date: Nov 03, 2023
  • Current Sale Recording Date: Nov 08, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 8006
  • Previous Sale Recording Date: Nov 01, 1996
  • Previous Sale Contract Date: Nov 01, 1996
  • Previous Sale Amount: $240,000
  • 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 St. Joseph

Stats & Trends

Median Asking:

$240,000

Sale Price/ft²

$153

Above Asking

0.00%

Average Days on Market

58

Average Home Size

2070 ft²

Average Home Age

73.8 years

Currently For Sale

147 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: Dennis Bamber, Cressy & Everett Real Estate
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 23024206
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 55377 Walterspaugh Road built and last sold?
The property at 55377 Walterspaugh Road was built in and last sold on Nov 3, 2023 for $265,000.
How much is this home worth?
The estimated value of the home located at 55377 Walterspaugh Road is $0.
What are some comparable homes to 55377 Walterspaugh Road?
There are currently no comparable homes to 55377 Walterspaugh Road.
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