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Van Buren 49064
61906 56th Street
$230,000
● House - Off Market

61906 56th Street

Lawrence, MI 49064
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,296 Ft²
$346,681
RealtyHop Estimate
47.52%
Since Jun 1, 2019
National-US
Primary Model

About This Property

Charming 2 bed/2 bath lakefront cottage on a scenic acre with 159 ft of waterfront on all sport Shafer Lake.  To arrive at this classic retreat, travel down a 1/2 mile wooded road, past a pond complete with island and resident geese.  There are many birds, turtles and wildlife, not too mention great fishing too!  There is a wood burning stove in the living area to warm up on chilly evenings.  The second floor bedroom/loft has its own full bath.  Full basement.  Great deck outdoors for grilling or entertaining.  3 car garage and plenty of parking.  Come see!  You will be glad you did.
Unit Size
1,296 Ft²
Days on Market
-
Land Size
1.20 acres
Price per sqft
$181
Property Type
House
Property Taxes
$322
HOA Dues
-
Year Built
1976

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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 #18021971)

Price History

Date / Event Date Event Price
May 8, 2019 Sold
Premium
Sold
May 18, 2018 Listed by Realty Executives Instant Equity $235,000
Listed by Realty Executives Instant Equity

Property Highlights

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • Bedroom Count: 2
  • 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 Cover: 0
  • Basement Type: 9
  • Basement Area: 864
  • Garage Type: 7
  • Garage Square Area: 816
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 52,664
  • Lot Size Depth Feet: 3,019
  • Lot Size Frontage Feet: 1,590
  • Total Building Area: 1,080
  • Building Area: 1,080
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 1
  • Heated Square Feet: 1,080
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001209
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: 232-B1 19-3-15 583-869 1059-484 1683-912 *** BEG AT PT N 89 DEG 54' 45" E 60' FROM PT ON N & S 1/4 L WHICH IS 521.61' FROM

Neighborhood

  • School District Name: Lawrence Public School District
  • School Tax School District: LAWRENCE
  • Census Tract: 011300

Zoning

  • Zoning: R-3

Geography

  • Assessors Map Reference: 232-B1
  • District: 13
  • Parcel: 80-13-019-018-00
  • Municipality: LAWRENCE TWP
  • Latitude: 42.1945
  • Longitude: -86.0996

    Address

  • Full Address: 61906 56th St
  • Address - House Number: 61906
  • Address - Street Name: 56th
  • Address - Suffix Type: St
  • State: MI
  • City Name: Lawrence
  • Carrier Code: R001
  • 4-Digit Zip Code: 9757
  • Zip Code: 49064

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $117,282
  • Tax Rate Code Area: 80130

    Appraisal Valuation

  • Standard Deviation: 0.2312
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 67
  • Final Value: 353,815
  • High Value: 435,633
  • Low Value: 271,997

    Market Valuation

  • Market Total Value: $274,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $137,200

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 03, 2019
  • Current Sale Recording Date: May 08, 2019
  • Current Sale Price:
    Premium
  • Current 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 Van Buren

Stats & Trends

Median Asking:

$329,000

Sale Price/ft²

$180

Below Asking

0.02%

Average Days on Market

54

Average Home Size

1966 ft²

Average Home Age

61 years

Currently For Sale

231 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: Kimberly Webb, Realty Executives Instant Equity
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 18021971
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 61906 56th Street built and last sold?
The property at 61906 56th Street was built in 1976 and last sold on May 3, 2019 for $230,000.
How much is this home worth?
The estimated value of the home located at 61906 56th Street is $0.
What are some comparable homes to 61906 56th Street?
There are currently no comparable homes to 61906 56th Street.
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