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Van Buren 49047
61942 County Road 687
$119,000
● House - Off Market

61942 County Road 687

Dowagiac, MI 49047
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,530 Ft²
$118,258
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Priced to sell! This 4 bed/1 bath home includes 1+/- acre, detached 2+ car garage, several outbuildings and a fenced-in yard. With a little TLC, this home would flourish. Schedule your private showing today!
Unit Size
1,530 Ft²
Days on Market
-
Land Size
0.94 acres
Price per sqft
$78
Property Type
House
Property Taxes
$68
HOA Dues
-
Year Built
1900

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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: 2 years ago (MichRIC MLS #23028638)

Price History

Date / Event Date Event Price
Sep 15, 2023 Sold
Premium
Sold
Aug 7, 2023 Listed by Century 21 Affiliated $119,000
Listed by Century 21 Affiliated
Mar 6, 2023 Sold
Premium
Sold
Mar 6, 2012 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 728
  • Garage Type: 7
  • Garage Square Area: 1,248
  • Parking Space Count: 5
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Lot Size Frontage Feet: 0
  • Total Building Area: 910
  • Building Area: 910
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 910
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001000
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: 444-A1A 35-4-16 848-286 * S 200' OF W 200' OF NW 1/4.

Neighborhood

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

Zoning

  • Zoning: LSR

Geography

  • Assessors Map Reference: 444-A1A
  • District: 12
  • Parcel: 80-12-035-013-10
  • Municipality: KEELER TWP
  • Latitude: 42.0784
  • Longitude: -86.1466

    Address

  • Full Address: 61942 County Road 687
  • Address - House Number: 61942
  • Address - Street Name: County Road 687
  • State: MI
  • City Name: Dowagiac
  • Carrier Code: R006
  • 4-Digit Zip Code: 8825
  • Zip Code: 49047

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $31,792
  • Tax Rate Code Area: 80120

    Appraisal Valuation

  • Standard Deviation: 0.3385
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 32
  • Final Value: 86,315
  • High Value: 115,540
  • Low Value: 57,089

    Market Valuation

  • Market Total Value: $106,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $53,100

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 06, 2023
  • Current Sale Recording Date: Sep 15, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3438487
  • Previous Sale Recording Date: Mar 06, 2023
  • Previous Sale Contract Date: Feb 28, 2023
  • Previous Sale Amount: $3,488
  • Previous Sale Document Type: 54
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

Rentals Near You

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MichRIC

Listed by: Martha Hassle, Century 21 Affiliated
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 23028638
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 61942 County Rd 687 built and last sold?
The property at 61942 County Rd 687 was built in 1900 and last sold on Sep 6, 2023 for $119,000.
How much is this home worth?
The estimated value of the home located at 61942 County Rd 687 is $128,849.
What are some comparable homes to 61942 County Rd 687?
There are currently no comparable homes to 61942 County Rd 687.
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