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Stevensville 49127
6059 Red Arrow Highway
$97,500
● House - Off Market

6059 Red Arrow Highway

Stevensville, MI 49127
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,070 Ft²
$187,889
RealtyHop Estimate
79.11%
Since Jun 1, 2015
National-US
Primary Model

About This Property

Updated, move-in ready 2 bedroom ranch on a fantastic double lot in a convenient Stevensville location with hardwood floors.  Newer furnace and air conditioner, new kitchen with concrete counters and ceramic floors.  Finished basement with rec room and office area.  Delightfully updated bathroom, replacement windows and a new deck in the huge backyard.  Two sheds, privacy fencing and nice landscaping.  Don't miss the fire pit back there either!  Close to everything including highway access, schools, restaurants and shopping.  Only minutes from the various beaches of Michigan's Great Southwest.
Unit Size
1,070 Ft²
Days on Market
-
Land Size
0.66 acres
Price per sqft
$98
Property Type
House
Property Taxes
$161
HOA Dues
-
Year Built
1958

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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 #15011892)

Price History

Date / Event Date Event Price
Feb 26, 2021 Sold
Premium
Sold
Nov 12, 2020 Listed by RE/MAX by the Lake $140,000
Listed by RE/MAX by the Lake
Jun 30, 2015 Sold
Premium
Sold
May 20, 2015 Sold
Premium
Sold
Mar 22, 2015 Listed by RE/MAX by the Lake $104,900
Listed by RE/MAX by the Lake

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • 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: 756
  • Garage Type: 7
  • Garage Square Area: 336
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,117
  • Lot Size Depth Feet: 1,123
  • Total Building Area: 756
  • Building Area: 756
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 756
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000370
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: COM. 190.7'N.& 233'W.OF SE.COR.OF W HAF OF NW QTR OF SEC.28,T5S.R19W. TH.N. 71.76',TH.W.TO HWY U.S.12,TH. SW ALONG HWY. TO A

Neighborhood

  • School District Name: Lakeshore School District
  • School Tax School District: LAKESHORE
  • Census Tract: 001500

Zoning

  • Zoning: VIL-C-1 GC

Geography

  • Assessors Map Reference: 028-1
  • District: 45
  • Section: 28
  • Parcel: 45-0028-0051-10-4
  • Meridian: SEC 02 TWN 05S RNG 19W
  • Municipality: LINCOLN TWP
  • Latitude: 42.0078
  • Longitude: -86.5302

    Address

  • Full Address: 6059 Red Arrow Hwy
  • Address - House Number: 6059
  • Address - Street Name: Red Arrow
  • Address - Suffix Type: Hwy
  • State: MI
  • City Name: Stevensville
  • Carrier Code: C001
  • 4-Digit Zip Code: 1119
  • Zip Code: 49127

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $178,019
  • Initial Tax Delinquent Year: 2019

    Appraisal Valuation

  • Standard Deviation: 0.2519
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 64
  • Final Value: 192,982
  • High Value: 241,605
  • Low Value: 144,360

    Market Valuation

  • Market Total Value: $127,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $63,800

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 22, 2021
  • Current Sale Recording Date: Feb 26, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Jun 30, 2015
  • Previous Sale Contract Date: May 20, 2015
  • Previous Sale Amount: $97,500
  • 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 Stevensville

Stats & Trends

Median Asking:

$299,999

Sale Price/ft²

$177

Below Asking

0.05%

Average Days on Market

54

Average Home Size

1567 ft²

Average Home Age

64 years

Currently For Sale

3 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: Lars A Petzke, RE/MAX by the Lake
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 15011892
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 6059 Red Arrow Highway built and last sold?
The property at 6059 Red Arrow Highway was built in 1958 and last sold on Feb 22, 2021 for $120,000.
How much is this home worth?
The estimated value of the home located at 6059 Red Arrow Highway is $0.
What are some comparable homes to 6059 Red Arrow Highway?
There are currently no comparable homes to 6059 Red Arrow Highway.
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