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Van Buren 49064
61908 56th Street #A
$675,000
● House - Off Market

61908 56th Street #A

Lawrence, MI 49064
bedrooms
5 Beds
bathrooms
4 Baths
square feet
3,066 Ft²
$3,683
Est. Monthly
4.68%
Cap Rate

About This Property

OPEN HOUSE Sunday, September 7th 2-4. If you are looking for a private lakefront property this is it-Property is located on Shafer Lakefront and a small creek outlet-Home is 3066 sq.ft.and has 5 bedrooms,4 baths,and 3 fireplaces-Other features include a 3 car garage,10X28 4-season room,wet bar,top quality appliances,2 zoon heating and cooling,propane whole house generator,hugh master bedroom suite,deep crawl space with cement floor,and a ton of plantings and landscaping. This home offers lots of architectural features, including ceiling shelves with backlighting. There is one-of-a-kind ,stone sitting area overlooking the stream. This property is a part of listing number 14034181 which includes another lakefront property and additional 32 acres.
Unit Size
3,066 Ft²
Days on Market
-
Land Size
0.87 acres
Price per sqft
$220
Property Type
House
Property Taxes
$368
HOA Dues
-
Year Built
1995

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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 #14046965)

Price History

Date / Event Date Event Price
Aug 13, 2014 Listed by Cressy & Everett Real Estate $675,000
Listed by Cressy & Everett Real Estate

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • 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: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 728
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 37,723
  • Lot Size Depth Feet: 3,508
  • Lot Size Frontage Feet: 1,150
  • Total Building Area: 3,107
  • Building Area: 3,107
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,107
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000866
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: 232-B4 19-3-15 795-56 851-697 1672-72 1700-431 *** BEG AT A PT ON N & S 1/4 L OF SEC 250' N OF CEN OF SD SEC, TH S 89 DEG 54'

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-B4
  • District: 13
  • Section: 250,110
  • Parcel: 80-13-019-021-00
  • Municipality: LAWRENCE TWP
  • Latitude: 42.194
  • Longitude: -86.1001

    Address

  • Full Address: 61908 56th St
  • Address - House Number: 61908
  • 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: $227,592
  • Tax Rate Code Area: 80130

    Appraisal Valuation

  • Standard Deviation: 0.2182
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 638,613
  • High Value: 778,012
  • Low Value: 499,215

    Market Valuation

  • Market Total Value: $560,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $280,300

    Sales

  • Current Sale Contract Date: May 16, 2020
  • Current Sale Recording Date: May 21, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Aug 02, 2018
  • Previous Sale Contract Date: Jul 31, 2018
  • Previous Sale Document Type: 69
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: Bruce Springsteen, Cressy & Everett Real Estate
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 14046965
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 61908 56th Street built and last sold?
The property at 61908 56th Street was built in 1995 and last sold on May 16, 2020 for $440,000.
How much is this home worth?
The estimated value of the home located at 61908 56th Street is $0.
What are some comparable homes to 61908 56th Street?
There are currently no comparable homes to 61908 56th Street.
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