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Cass 49047
56682 M 62
$318,000
● House - Off Market

56682 M 62

Dowagiac, MI 49047
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,133 Ft²
$368,940
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model

About This Property

This home may be everyone's favorite. It has so much charm and character!  3 bed/2.5 brick home on 7.75 acres with a barn, fenced pasture, chicken coop and wooded trails.  Perfect set up for horses.  Many mature trees.  Very scenic.  3 fireplaces plus a  wood burner in kitchen.  Cozy family room with wood paneling as you enter.  Charming kitchen with unique brick decor.  Large rooms with lovely wood floors.  Master bedroom with master bath.  Main floor laundry.  New roof in 2018, new boiler 2019, new A/C in 2017.  Some new windows in front room, garage and mud room.  Come see.  You will love it!
Unit Size
3,133 Ft²
Days on Market
-
Land Size
7.75 acres
Price per sqft
$104
Property Type
House
Property Taxes
$252
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 #21027150)

Price History

Date / Event Date Event Price
Sep 17, 2021 Sold
Premium
Sold
Jul 11, 2021 Listed by Realty Executives Instant Equity $325,000
Listed by Realty Executives Instant Equity

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Bedroom Count: 0
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 337,590
  • Lot Size Frontage Feet: 0
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

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

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000007750
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: . 59-D 6S-15W THAT PART NE QTR SW QTR LYING S & W OF HWY M-62 SEC 5.

Neighborhood

  • School District Name: Dowagiac Union Schools
  • School Tax School District: DOWAGIAC UNION
  • Census Tract: 002100

Geography

  • District: 040
  • Parcel: 14-040-005-028-00
  • Municipality: LAGRANGE TWP
  • Latitude: 41.9744
  • Longitude: -86.0817

    Address

  • Full Address: 56682 M 62 E
  • Address - House Number: 56682
  • Street Segment Direction: E
  • Address - Street Name: M 62
  • State: MI
  • City Name: Dowagiac
  • Carrier Code: R003
  • 4-Digit Zip Code: 9725
  • Zip Code: 49047

Valuation

    Tax

  • Tax Year: 2021
  • Tax Amount: $299,024

    Appraisal Valuation

  • Standard Deviation: 0.2329
  • Valuation Date: Oct 19, 2022
  • Confidence Score: 67
  • Final Value: 380,672
  • High Value: 469,340
  • Low Value: 292,004

    Market Valuation

  • Market Total Value: $275,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $137,500

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 13, 2021
  • Current Sale Recording Date: Sep 17, 2021
  • Current Sale Price:
    Premium
  • Current 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 Cass

Stats & Trends

Median Asking:

$300,000

Sale Price/ft²

$178

Below Asking

0.03%

Average Days on Market

64

Average Home Size

1875 ft²

Average Home Age

61.7 years

Currently For Sale

167 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

Unit for rent at 105 Beeson Street, Dowagiac, MI, 49047

$1,700 /mo

  • 2 Beds
  • 1 Bath
  • 1,200 ft²
105 Beeson Street #A, Dowagiac, MI, 49047 Listing by Matthew Money

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Kimberly Webb, Realty Executives Instant Equity
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21027150
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 56682 Michigan 62 built and last sold?
The property at 56682 Michigan 62 was built in and last sold on Sep 13, 2021 for $318,000.
How much is this home worth?
The estimated value of the home located at 56682 Michigan 62 is $347,115.
What are some comparable homes to 56682 Michigan 62?
There are currently no comparable homes to 56682 Michigan 62.
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