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Cass 49031
66533 Tharp Lake Road
$20,000
● House - Off Market

66533 Tharp Lake Road

Cassopolis, MI 49031
bedrooms
2 Beds
bathrooms
1 Bath
square feet
920 Ft²
$35,386
RealtyHop Estimate
61.58%
Since Jun 1, 2017
National-US
Primary Model

About This Property

2 Bed, 1 bath home located in Cassopolis, Michigan. This home is located in a rural neighborhood with a nice sized 0.66 acre yard. The interior of this home will need work to the walls/ceiling, floor, kitchen/bathroom updating, roof repairs and a good cleaning. This home does have a lot of potential once repairs are completed!
Unit Size
920 Ft²
Days on Market
-
Land Size
0.66 acres
Price per sqft
$24
Property Type
House
Property Taxes
$56
HOA Dues
-
Year Built
-

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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: 3 years ago (MichRIC MLS #17001272)

Price History

Date / Event Date Event Price
May 31, 2017 Sold
Premium
Sold
Feb 21, 2017 Sold
Premium
Sold
Jan 12, 2017 Listed by USREALTY.COM LLP $21,900
Listed by USREALTY.COM LLP

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Bedroom Count: 0
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

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

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • 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: 466C COM S 256.42 FT FRM W 1/4 COR TH S 403.35 FT S 89 DEG 22'3"E 216 FT N 403.35 FT W 216 FT TO BEG. EX SLY 255 FT. SEC 26

Neighborhood

  • School District Name: Cassopolis Public Schools
  • School Tax School District: CASSOPOLIS
  • Census Tract: 001600

Geography

  • District: 010
  • Parcel: 14-010-026-466-40
  • Municipality: CALVIN TWP
  • Latitude: 41.8309
  • Longitude: -85.9149

    Address

  • Full Address: 66533 Tharp Lake Rd
  • Address - House Number: 66533
  • Address - Street Name: Tharp Lake
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Cassopolis
  • Carrier Code: R003
  • 4-Digit Zip Code: 9521
  • Zip Code: 49031

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $27,196

    Appraisal Valuation

  • Standard Deviation: 0.2671
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 46
  • Final Value: 46,492
  • High Value: 58,911
  • Low Value: 34,072

    Market Valuation

  • Market Total Value: $63,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $31,700

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 25, 2017
  • Current Sale Recording Date: May 31, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Feb 21, 2017
  • Previous Sale Contract Date: Jan 17, 2017
  • Previous Sale Amount: $19,520
  • 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 Cass

Stats & Trends

Median Asking:

$300,000

Sale Price/ft²

$178

Below Asking

0.03%

Average Days on Market

65

Average Home Size

1965 ft²

Average Home Age

60.4 years

Currently For Sale

167 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: Ryan Gehris, USREALTY.COM LLP
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 17001272
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 66533 Tharp Lake Road built and last sold?
The property at 66533 Tharp Lake Road was built in and last sold on May 25, 2017 for $20,000.
How much is this home worth?
The estimated value of the home located at 66533 Tharp Lake Road is $30,155.
What are some comparable homes to 66533 Tharp Lake Road?
There are currently no comparable homes to 66533 Tharp Lake Road.
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