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Shorewood-Tower Hills-Harbert 49115
7239 Horseshoe Drive
$139,000
● House - Off Market

7239 Horseshoe Drive

Harbert, MI 49115
bedrooms
1 Bed
bathrooms
1 Bath
square feet
375 Ft²
$271,115
RealtyHop Estimate
95.05%
Since Dec 1, 2013
National-US
Primary Model

About This Property

Back to Basics. Simple little cottage on a beautiful wooded lot in forest Springs, Harbert Mi. Lake side of the Red Arrow and less than 10 minutes from almost anything in Harbor country. You can enjoy it as is. You could expand and add on. Maybe design a new home for the site. It's all up to you.
Unit Size
375 Ft²
Days on Market
-
Land Size
-
Price per sqft
$371
Property Type
House
Property Taxes
$252
HOA Dues
-
Year Built
1950

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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 #13061199)

Price History

Date / Event Date Event Price
Nov 8, 2013 Sold
Premium
Sold
Oct 21, 2013 Listed by Crawford Group Sotheby's Intl $139,000
Listed by Crawford Group Sotheby's Intl
Sep 30, 1997 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Bedroom Count: 0
  • 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 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: 28,793
  • Lot Size Depth Feet: 2,360
  • Lot Size Frontage Feet: 1,050
  • Total Building Area: 416
  • Building Area: 416
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 1
  • Heated Square Feet: 416
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FOREST SPRINGS SUB
  • Land Acres: 0000000661
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 37 FOREST SPRINGS SUBDIVISION

Neighborhood

  • School District Name: River Valley School District
  • School Tax School District: RIVER VALLEY
  • Census Tract: 011400

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: 010-4
  • District: 07
  • Parcel: 07-2290-0037-00-8
  • Lot: 37
  • Municipality: CHIKAMING TWP
  • Latitude: 41.8758
  • Longitude: -86.6273

    Address

  • Full Address: 7239 Horseshoe Dr
  • Legal Unit: 37
  • Address - House Number: 7239
  • Address - Street Name: Horseshoe
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Three Oaks
  • Zip Code: 49128

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $252,146

    Appraisal Valuation

  • Standard Deviation: 0.2325
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 67
  • Final Value: 328,156
  • High Value: 404,478
  • Low Value: 251,835

    Market Valuation

  • Market Total Value: $201,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $100,700

    Sales

  • Current Sale Contract Date: Jul 17, 1998
  • Current Sale Recording Date: Jul 17, 1998
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Sep 30, 1997
  • Previous Sale Contract Date: Sep 30, 1997
  • Previous Sale Amount: $55,000
  • Previous Sale Document Type: 27
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 Shorewood-Tower Hills-Harbert

Stats & Trends

Median Asking:

$687,000

Sale Price/ft²

$435

Below Asking

0.04%

Average Days on Market

55

Average Home Size

2540 ft²

Average Home Age

37.4 years

Currently For Sale

14 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: Timothy Brychta, Crawford Group Sotheby's Intl
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 13061199
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 7239 Horseshoe Drive built and last sold?
The property at 7239 Horseshoe Drive was built in 1950 and last sold on Jul 17, 1998 for $0.
How much is this home worth?
The estimated value of the home located at 7239 Horseshoe Drive is $0.
What are some comparable homes to 7239 Horseshoe Drive?
There are currently no comparable homes to 7239 Horseshoe Drive.
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