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Mattawan 49071
59376 Silvergrass Avenue
$414,000
● House - Off Market

59376 Silvergrass Avenue

Mattawan, MI 49071
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,783 Ft²
$2,699
Est. Monthly
$90
HOA / Fees
4.87%
Cap Rate

About This Property

Gorgeous 5 bedroom home in the popular Silvergrass Community in Mattawan Schools, with over 2800sf finished.  The main level offers an open floor plan, office, half bath & mudroom.  The kitchen boasts granite countertops, stainless steel appliances (w/gas range), center island with snack bar seating & walk-in pantry.  Living room has a beautiful new gas fireplace!  The upper level has 4 bedrooms including a spacious primary suite & convenient second floor laundry.  The basement has been finished with bedroom, living room & still offers plenty of storage! You'll love the home life this property provides with a private fenced backyard, a .37acre lot facing the woods, including a shed, raised garden beds and children's play structure. Wonderful community close to the schools and village of Mattawan!
Unit Size
2,783 Ft²
Days on Market
80 days
Land Size
0.37 acres
Price per sqft
$150
Property Type
House
Property Taxes
$561
HOA Dues
$90
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 #25021307)

Price History

Date / Event Date Event Price
Aug 1, 2025 Sold
Premium
Sold
Jun 15, 2025 In contract -
In contract
Jun 10, 2025 Price Decreased $417,000
↓ $8K (1.9%)
Price Decreased
May 12, 2025 Listed by Five Star Real Estate, Milham $425,000
Listed by Five Star Real Estate, Milham
Aug 31, 2022 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 29
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,064
  • Garage Type: 7
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,914
  • Total Building Area: 2,368
  • Building Area: 2,368
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,368
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SILVERGRASS
  • Land Acres: 0000000365
  • Standard Land Use Code: 1004
  • County Land Use Code: 401
  • Legal Description 1: 1173-A76 14-3-13 872-986 873-504/5 1494-200 1502-893 1643-149 1682-583 1742-862 *** UNIT 76 SILVERGRASS CONDOMINIUM TOGETHER

Neighborhood

  • School District Name: Mattawan Consolidated School
  • School Tax School District: MATTAWAN
  • Census Tract: 011003

Zoning

  • Zoning: CALL VILLA

Geography

  • Assessors Map Reference: 1173-A76
  • District: 46
  • Parcel: 80-46-704-076-00
  • Municipality: MATTAWAN VILLAGE
  • Latitude: 42.2029
  • Longitude: -85.8022

    Address

  • Full Address: 59376 Silvergrass Ave
  • Legal Unit: 76
  • Address - House Number: 59376
  • Address - Street Name: Silvergrass
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Mattawan
  • Carrier Code: R007
  • 4-Digit Zip Code: 9634
  • Zip Code: 49071

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $290,854
  • Tax Rate Code Area: 80460

    Appraisal Valuation

  • Standard Deviation: 0.2502
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 64
  • Final Value: 383,334
  • High Value: 479,277
  • Low Value: 287,391

    Market Valuation

  • Market Total Value: $291,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $145,600

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 15, 2022
  • Current Sale Recording Date: Aug 31, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3424203
  • Previous Sale Recording Date: Apr 12, 2019
  • Previous Sale Contract Date: Apr 05, 2019
  • Previous Sale Amount: $254,990
  • Previous 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 Mattawan

Stats & Trends

Median Asking:

$314,900

Sale Price/ft²

$170

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2001 ft²

Average Home Age

10.1 years

Currently For Sale

9 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: Kerry L Keefer Fischer, Five Star Real Estate, Milham
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25021307
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 59376 Silvergrass Drive built and last sold?
The property at 59376 Silvergrass Drive was built in and last sold on Jul 15, 2022 for $360,000.
How much is this home worth?
The estimated value of the home located at 59376 Silvergrass Drive is $0.
What are some comparable homes to 59376 Silvergrass Drive?
There are currently no comparable homes to 59376 Silvergrass Drive.
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