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Van Buren 49064
55849 Red Arrow Highway
$68,000
● House - Off Market

55849 Red Arrow Highway

Lawrence, MI 49064
bedrooms
2 Beds
bathrooms
1 Bath
square feet
2,172 Ft²
$84,524
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Welcome to this remarkable piece of property tucked away in Lawrence Township. Boasting over 5 acres of sprawling beauty, this property offers the perfect canvas for your dream estate or private retreat. With mature trees & a long, inviting driveway, privacy & seclusion are guaranteed. The existing home on the property holds no value and would need to be removed due to water damage. Nature enthusiasts will be delighted by the abundance of mature trees that provide shade, create a picturesque backdrop, & offer a haven for local wildlife. With its acreage and privacy this is your chance to build a truly unique and magnificent estate tailored to your personal vision. Schedule a property showing today!
Unit Size
2,172 Ft²
Days on Market
-
Land Size
5.13 acres
Price per sqft
$39
Property Type
House
Property Taxes
$147
HOA Dues
-
Year Built
1972

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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: 2 years ago (MichRIC MLS #23020329)

Price History

Date / Event Date Event Price
Sep 7, 2023 Sold
Premium
Sold
Jun 11, 2023 Listed by RE/MAX Advantage $85,000
Listed by RE/MAX Advantage

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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 Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • 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: 223,463
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,172
  • Building Area: 2,172
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,172
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000005130
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: 103-K 8-3-15 594-335 1113-33 BEG ON S L SEC 208' E OF SW COR SEC, TH E 221', TH N 200', TH W 20', TH N 706.7', TH W 20', TH N

Neighborhood

  • School District Name: Lawrence Public School District
  • School Tax School District: LAWRENCE
  • Census Tract: 011300

Zoning

  • Zoning: AG

Geography

  • Assessors Map Reference: 103-K
  • District: 13
  • Section: 208
  • Parcel: 80-13-008-048-00
  • Municipality: LAWRENCE TWP
  • Latitude: 42.2173
  • Longitude: -86.089

    Address

  • Full Address: 55849 Red Arrow Hwy
  • Address - House Number: 55849
  • Address - Street Name: Red Arrow
  • Address - Suffix Type: Hwy
  • State: MI
  • City Name: Lawrence
  • Carrier Code: R003
  • 4-Digit Zip Code: 9793
  • Zip Code: 49064

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $59,835
  • Tax Rate Code Area: 80130

    Appraisal Valuation

  • Standard Deviation: 0.3385
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 32
  • Final Value: 136,112
  • High Value: 182,198
  • Low Value: 90,025

    Market Valuation

  • Market Total Value: $147,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $73,800

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 18, 2023
  • Current Sale Recording Date: Sep 07, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3438211
  • Previous Sale Recording Date: Feb 27, 1997
  • Previous Sale Contract Date: Feb 27, 1997
  • 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 Van Buren

Stats & Trends

Median Asking:

$329,000

Sale Price/ft²

$181

Below Asking

0.03%

Average Days on Market

56

Average Home Size

2043 ft²

Average Home Age

61.4 years

Currently For Sale

227 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: Shauna N Knight-Major, RE/MAX Advantage
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 23020329
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 55849 Red Arrow Highway built and last sold?
The property at 55849 Red Arrow Highway was built in 1972 and last sold on Aug 18, 2023 for $68,000.
How much is this home worth?
The estimated value of the home located at 55849 Red Arrow Highway is $0.
What are some comparable homes to 55849 Red Arrow Highway?
There are currently no comparable homes to 55849 Red Arrow Highway.
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