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Bellevue 49021
599 Olivet Road
$187,500
● House - Off Market

599 Olivet Road

Bellevue, MI 49021
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,016 Ft²
$194,175
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

Looking for a country setting with over 2 + acres? This newly updated home is ready for a new owner. Step inside this Bellevue home with over 2000 sq ft. All new flooring, custom interior painting and trim have just been completed for you . Over sized kitchen with center island and all new appliances. This home offers a dining/family room and formal living room. The primary bedroom is open and offers an updated bath with soaking tub. 2 more bedrooms and an additional full bath. Main floor laundry. Step outside your back door and enjoy your morning coffee on your brand-new deck while enjoying the deer and turkey. New landscaping has been completed and gravel driveway. Good sized barn for extra storage. Call Cindy today for your private showing at
Unit Size
2,016 Ft²
Days on Market
-
Land Size
2.37 acres
Price per sqft
$97
Property Type
House
Property Taxes
$118
HOA Dues
-
Year Built
1993

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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: 3 years ago (MichRIC MLS #23031675)

Price History

Date / Event Date Event Price
Oct 27, 2023 Sold
Premium
Sold
Aug 25, 2023 Listed by Berkshire Hathaway HomeServices Michigan Real Estate $194,900
Listed by Berkshire Hathaway HomeServices Michigan Real Estate
Jun 23, 2023 Sold
Premium
Sold
Jan 16, 2004 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 1993
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 45
  • 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: 103,237
  • Lot Size Depth Feet: 2,352
  • Lot Size Frontage Feet: 4,390
  • Total Building Area: 1,848
  • Building Area: 1,848
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 2
  • Heating: 4
  • Heated Square Feet: 1,848
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002370
  • Standard Land Use Code: 1006
  • County Land Use Code: 401
  • Mobile Home Indicator: T
  • Legal Description 1: COM SW COR SEC 27, N 88DEG 46MIN 10SEC E ALONG S SEC LINE 721.73 FT, N 729.95 FT TO POB, N 528.57 FT TO C/L HWY, S 70DEG 53MIN 48SEC E ALONG C/L 105.90 FT, SLY ALONG C/L 196.55 FT ON CURVE TO RIGHT BEARING S 57DEG 52MIN 40SEC E 194.86 FT, S 44DEG 51M

Neighborhood

  • School District Name: Bellevue Community Schools
  • School Tax School District: 23010
  • Census Tract: 020800

Geography

  • District: 131
  • Section: 27
  • Parcel: 131 027 300 160 00
  • Meridian: SEC 27 TWN 01N RNG 06W
  • Municipality: BELLEVUE VILLAGE
  • Latitude: 42.4393
  • Longitude: -85.0098

    Address

  • Full Address: 599 Olivet Rd
  • Address - House Number: 599
  • Address - Street Name: Olivet
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Bellevue
  • Carrier Code: R002
  • 4-Digit Zip Code: 1265
  • Zip Code: 49021

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $56,043

    Appraisal Valuation

  • Standard Deviation: 0.2311
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 67
  • Final Value: 190,139
  • High Value: 234,095
  • Low Value: 146,182

    Market Valuation

  • Market Total Value: $243,616

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $121,808

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 09, 2023
  • Current Sale Recording Date: Oct 27, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Jun 23, 2023
  • Previous Sale Contract Date: Jun 19, 2023
  • Previous Sale Amount: $74,000
  • 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 Bellevue

Stats & Trends

Median Asking:

$180,000

Sale Price/ft²

$126

Below Asking

0.03%

Average Days on Market

47

Average Home Size

1507 ft²

Average Home Age

103.2 years

Currently For Sale

5 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

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MichRIC

Listed by: Jacinta A VanAsperen, Berkshire Hathaway HomeServices Michigan Real Estate
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 23031675
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 599 Olivet Road built and last sold?
The property at 599 Olivet Road was built in 1993 and last sold on Oct 9, 2023 for $187,500.
How much is this home worth?
The estimated value of the home located at 599 Olivet Road is $196,841.
What are some comparable homes to 599 Olivet Road?
There are currently no comparable homes to 599 Olivet Road.
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