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St. Louis 48880
700 Fairway Drive
$165,000
● House - Off Market

700 Fairway Drive

St. Louis, MI 48880
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,100 Ft²
$936
Est. Monthly
5.64%
Cap Rate

About This Property

Check out this 3 bedroom, 1 bath, 1100 sq foot home on .5 acre corner lot, last house in city limits. Home has attached garage for your vehicle as well as a detached garage. Very energy efficient. Metal shingle roof, fenced in back yard with large fire pit. Close to shopping/dining
Unit Size
1,100 Ft²
Days on Market
58 days
Land Size
0.50 acres
Price per sqft
$150
Property Type
House
Property Taxes
$125
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: 2 years ago (MichRIC MLS #24042381)

Price History

Date / Event Date Event Price
Jul 18, 2025 Sold
Premium
Sold
May 21, 2025 In contract -
In contract
Nov 26, 2024 Price Decreased $165,000
↓ $10K (5.7%)
Price Decreased
Nov 7, 2024 Price Decreased $175,000
↓ $5K (2.8%)
Price Decreased
Oct 21, 2024 Price Decreased $180,000
↓ $5K (2.7%)
Price Decreased
Show More

Property Highlights

Garage
Air Conditioning

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: 22,216
  • 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
  • Subdivision: EDGEWOOD FARMS
  • Land Acres: 0000000510
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: WD L 507 P 1000 EDGEWOOD FARMS SUB LOT 7.

Neighborhood

  • School District Name: St. Louis Public Schools
  • School Tax School District: ST LOUIS
  • Census Tract: 000300

Geography

  • District: 53
  • Parcel: 53-175-007-00
  • Lot: 7
  • Municipality: ST LOUIS
  • Latitude: 43.4173
  • Longitude: -84.6178

    Address

  • Full Address: 700 Fairway Dr
  • Address - House Number: 700
  • Address - Street Name: Fairway
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Saint Louis
  • Carrier Code: C003
  • 4-Digit Zip Code: 1637
  • Zip Code: 48880

Valuation

    Tax

  • Tax Year: 2003
  • Tax Amount: $56,621
  • Tax Rate Code Area: 530

    Appraisal Valuation

  • Standard Deviation: 0.2645
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 62
  • Final Value: 145,598
  • High Value: 184,116
  • Low Value: 107,080

    Market Valuation

  • Market Total Value: $127,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $63,700

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 26, 2018
  • Current Sale Recording Date: Nov 08, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 317620
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 St. Louis

Stats & Trends

Median Asking:

$246,950

Sale Price/ft²

$129

Below Asking

0.04%

Average Days on Market

115

Average Home Size

1600 ft²

Average Home Age

166 years

Currently For Sale

1 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: Steven Koleno, Beycome Brokerage Realty LLC
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24042381
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 700 Fairway Drive built and last sold?
The property at 700 Fairway Drive was built in and last sold on Oct 26, 2018 for $85,000.
How much is this home worth?
The estimated value of the home located at 700 Fairway Drive is $160,813.
What are some comparable homes to 700 Fairway Drive?
There are currently no comparable homes to 700 Fairway Drive.
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