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Jackson
6500 Portage Lake Road
$549,000
● House - Off Market

6500 Portage Lake Road

Munith, MI 49259
bedrooms
3 Beds
bathrooms
3 Baths
square feet
3,017 Ft²
$567,618
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

Looking for your own private retreat? We have it here on All Sports Portage Lake! Beautiful wooded lot with a pond as you drive in! This home features 3 bedrooms, 3 full baths, with hardwood flooring and custom window treatments throughout! A full walk-out basement with a full bath. 2.5 car attached garage. Spacious living room with a wood burning fireplace. Knotty pine sunroom addition with tons of natural light. The exterior features a large tiered deck with a screened gazebo, wooden playset, a great 30x40 pole barn with electric and concrete flooring. Perfect for storing all your water toys in the winter! Comes with 75 feet of docking. Perfect summer retreat or year round home! All of this on 10+, privately owned, acres in Waterloo Township!
Unit Size
3,017 Ft²
Days on Market
-
Land Size
10.65 acres
Price per sqft
$182
Property Type
House
Property Taxes
$345
HOA Dues
-
Year Built
1988

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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 #22026681)

Price History

Date / Event Date Event Price
Aug 30, 2022 Sold
Premium
Sold
Jun 28, 2022 Listed by RE/MAX MID-MICHIGAN R.E. $549,000
Listed by RE/MAX MID-MICHIGAN R.E.

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Building Count: 2
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,064
  • Garage Type: 7
  • Garage Square Area: 552
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 463,914
  • Total Building Area: 1,773
  • Building Area: 1,773
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,773
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000010650
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: BEG AT SW COR OF SEC 5 TH N 0%43'17''W 2293.9 FT TO A PT FOR PL OF BEG OF THIS DESCN TH CONTINUING N 0%43'17''W 351.39 FT TH

Neighborhood

  • School District Name: Grass Lake Community Schools
  • School Tax School District: 38050
  • Census Tract: 006801

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: MAPS J-5
  • District: 19
  • Parcel: 000-10-05-301-001-02
  • Meridian: SEC 05 TWN 02S RNG 02E
  • Municipality: WATERLOO TWP
  • Latitude: 42.3278
  • Longitude: -84.2266

    Address

  • Full Address: 6500 Portage Lake Rd
  • Address - House Number: 6500
  • Address - Street Name: Portage Lake
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Munith
  • Carrier Code: R092
  • 4-Digit Zip Code: 9686
  • Zip Code: 49259

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $542,545
  • Tax Rate Code Area: 19

    Appraisal Valuation

  • Standard Deviation: 0.1089
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 89
  • Final Value: 571,958
  • High Value: 634,253
  • Low Value: 509,663

    Market Valuation

  • Market Total Value: $443,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $221,950

    Exemptions

  • Homeowner Exemption: Yes
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 Jackson

Stats & Trends

Median Asking:

$234,900

Sale Price/ft²

$145

Below Asking

0.03%

Average Days on Market

55

Average Home Size

1875 ft²

Average Home Age

74.7 years

Currently For Sale

417 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: SHARON A. NORTON, RE/MAX MID-MICHIGAN R.E.
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 22026681
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 6500 Portage Lake Road built and last sold?
The property at 6500 Portage Lake Road was built in 1988 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 6500 Portage Lake Road is $549,537.
What are some comparable homes to 6500 Portage Lake Road?
There are currently no comparable homes to 6500 Portage Lake Road.
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