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Van Buren 49045
60293 Walnut Drive
$280,000
● House - Off Market

60293 Walnut Drive

Decatur, MI 49045
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,820 Ft²
$503,735
RealtyHop Estimate
67.91%
Since Feb 1, 2017
National-US
Primary Model

About This Property

Open House August 13th, 10-12. Enjoy all lake living has to offer in this large 3 bedroom Keeler Lake home. Keeler Lake is an All Sports Lake. This home has 50 ft. of sandy frontage. Large floor to ceiling windows in the living room give panoramic lake views. The kitchen offers a wetbar, appliances and large eating area. The family room with log fireplace and expansive living room are both easily accessed from the kitchen. A large walk out basement offers a finished bathroom and slider to the lakeside of the home. Entertain on the large lakeside deck or on the sandy beach. Plenty of outdoor storage in the 12x10 storage area. Located 2 hours from Chicago and 45 minutes from South Bend.
Unit Size
1,820 Ft²
Days on Market
-
Land Size
0.40 acres
Price per sqft
$165
Property Type
House
Property Taxes
$303
HOA Dues
-
Year Built
1987

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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 #16026118)

Price History

Date / Event Date Event Price
Jan 9, 2017 Sold
Premium
Sold
May 27, 2016 Listed by Cressy & Everett Real Estate $300,000
Listed by Cressy & Everett Real Estate

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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 Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,320
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Lot Size Frontage Feet: 340
  • Total Building Area: 1,908
  • Building Area: 1,908
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,908
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SUPERVISORS PLAT OF OAK OPENINGS BEACH
  • Land Acres: 0000001000
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: 586-A14 23-4-16 806-253 833-313 1438-956 *** LOT 14. INCL THAT PT OF S 13' OF WALNUT DR BOUND BY W & ELY LS OF LOT 14 EXT N &

Neighborhood

  • School District Name: Dowagiac Union Schools
  • School Tax School District: DOWAGIAC UNION
  • Census Tract: 011500

Zoning

  • Zoning: LSR

Geography

  • Assessors Map Reference: 586-A14
  • District: 12
  • Parcel: 80-12-140-005-35
  • Lot: 14
  • Municipality: KEELER TWP
  • Latitude: 42.109
  • Longitude: -86.1303

    Address

  • Full Address: 60293 Walnut Dr
  • Address - House Number: 60293
  • Address - Street Name: Walnut
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Decatur
  • Carrier Code: R002
  • 4-Digit Zip Code: 9262
  • Zip Code: 49045

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $135,946
  • Tax Rate Code Area: 80120

    Appraisal Valuation

  • Standard Deviation: 0.2182
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 470,258
  • High Value: 572,907
  • Low Value: 367,608

    Market Valuation

  • Market Total Value: $387,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $193,800
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

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MichRIC

Listed by: Martha Hassle, Cressy & Everett Real Estate
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 16026118
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 60293 Walnut Drive built and last sold?
The property at 60293 Walnut Drive was built in 1987 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 60293 Walnut Drive is $0.
What are some comparable homes to 60293 Walnut Drive?
There are currently no comparable homes to 60293 Walnut Drive.
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