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Cass 49112
70098 Lakeview Drive
$536,000
● House - Off Market

70098 Lakeview Drive

Edwardsburg, MI 49112
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,864 Ft²
$3,159
Est. Monthly
2.33%
Cap Rate

About This Property

Welcome to your ideal weekend or summer getaway on beautiful Garver Lake situated on 4.3 acres with 140 feet of frontage ! This charming property offers the perfect blend of relaxation and recreation, situated just under 2 hours from Chicago. The main home sits on a 0.51-acre lot and boasts 3 spacious bedrooms and 2 full bathrooms. The attached 1-car garage adds convenience, while the additional 3.8-acre lot features a 2-car garage and two large sheds, ideal for storing all your lake gear.  With 140 feet of pristine lake frontage, you'll have direct access to all the water sports and activities Garver Lake has to offer. Whether you're looking to boat, fish, or simply relax by the water, this property provides the perfect setting for creating lasting memories!
Unit Size
1,864 Ft²
Days on Market
-
Land Size
4.30 acres
Price per sqft
$322
Property Type
House
Property Taxes
$213
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: 7 months ago (MichRIC MLS #24025732)

Price History

Date / Event Date Event Price
Jul 11, 2024 Sold
Premium
Sold
Jun 11, 2024 In contract -
In contract
Jun 7, 2024 Price Decreased $600,000
↓ $25K (4%)
Price Decreased
May 23, 2024 Listed by Keller Williams Kalamazoo Market Center $625,000
Listed by Keller Williams Kalamazoo Market Center

Property Highlights

Garage
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: 26,136
  • 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
  • Subdivision: SHADY BEACH
  • Land Acres: 0000000600
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: 0773 8S-15W LOT 1 & 2 SHADY BEACH

Neighborhood

  • School District Name: Edwardsburg Public Schools
  • School Tax School District: EDWARDSBURG
  • Census Tract: 001200

Geography

  • District: 090
  • Parcel: 14-090-180-001-00
  • Lot: 1-2
  • Municipality: EDWARDSBURG VILLAGE
  • Latitude: 41.7806
  • Longitude: -86.0492

    Address

  • Full Address: 70098 Lakeview Dr
  • Address - House Number: 70098
  • Address - Street Name: Lakeview
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Edwardsburg
  • Carrier Code: R005
  • 4-Digit Zip Code: 8426
  • Zip Code: 49112

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $99,034

    Appraisal Valuation

  • Standard Deviation: 0.2671
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 46
  • Final Value: 504,888
  • High Value: 639,755
  • Low Value: 370,020

    Market Valuation

  • Market Total Value: $490,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $245,400

    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 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: Pamela Kruithof, Keller Williams Kalamazoo Market Center
Last Updated: 7 months ago
Data Source: MichRIC, MLS# 24025732
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 70098 Lakeview Drive built and last sold?
The property at 70098 Lakeview Drive was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 70098 Lakeview Drive is $0.
What are some comparable homes to 70098 Lakeview Drive?
There are currently no comparable homes to 70098 Lakeview Drive.
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