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Cass 49031
57360 Twin Lakes Road
$265,000
● House - Off Market

57360 Twin Lakes Road

Cassopolis, MI 49031
bedrooms
3 Beds
bathrooms
1 Bath
square feet
3,296 Ft²
$298,220
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

HIGHEST AND BEST OFFERS DUE TUESDAY, 6/27/23 AT 12PM. Welcome to 57360 Twin Lakes Road! Set off the road, this gorgeous brick home is partially finished and features 3.72+/- acres.  Located directly next to the wedding venue, Marion Magnolia Farms, the current owners finished the lower level in June of '22 & have utilized this property as a short-term rental ever since. The spacious lower level walkout includes a large kitchen/dining/living room area with 3 bedrooms, 1 bathroom & laundry. *3rd bedroom is accessible through 2nd bedroom*. Entertain guests on the large cement patio overlooking the picturesque backyard. The upper level is a 2200+/- sqft blank canvas! Turn this property into your dream home, or continue the rental business. Stake survey on file.
Unit Size
3,296 Ft²
Days on Market
-
Land Size
3.72 acres
Price per sqft
$91
Property Type
House
Property Taxes
$247
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: 2 years ago (MichRIC MLS #23021245)

Price History

Date / Event Date Event Price
Aug 1, 2023 Sold
Premium
Sold
Jun 19, 2023 Listed by Century 21 Affiliated $299,900
Listed by Century 21 Affiliated

Property Highlights

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: 193,406
  • 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: 0000004440
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: 118B, T6S-R15W, FRM N QTR COR OF SEC 10 N 89 DEG 43'55"W ALG N SEC LINE 329.21 FT TO E LINE OF W 3/4 OF E HAF OF NW QTR OF SD

Neighborhood

  • School District Name: Cassopolis Public Schools
  • School Tax School District: DOWAGIAC UNION
  • Census Tract: 002100

Geography

  • District: 040
  • Subdivision Tract Number: 2
  • Parcel: 14-040-010-005-02
  • Municipality: LAGRANGE TWP
  • Latitude: 41.9624
  • Longitude: -86.0402

    Address

  • Full Address: 57360 Twin Lakes Rd
  • Address - House Number: 57360
  • Address - Street Name: Twin Lakes
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Cassopolis
  • Carrier Code: R001
  • 4-Digit Zip Code: 9721
  • Zip Code: 49031

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $74,338

    Appraisal Valuation

  • Standard Deviation: 0.1292
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 85
  • Final Value: 299,381
  • High Value: 338,086
  • Low Value: 260,677

    Market Valuation

  • Market Total Value: $169,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $84,500
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

65

Average Home Size

1962 ft²

Average Home Age

60.6 years

Currently For Sale

164 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: Martha Hassle, Century 21 Affiliated
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 23021245
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 57360 Twin Lakes Road built and last sold?
The property at 57360 Twin Lakes Road was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 57360 Twin Lakes Road is $323,479.
What are some comparable homes to 57360 Twin Lakes Road?
There are currently no comparable homes to 57360 Twin Lakes Road.
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