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Lake 49304
7242 S James Road
$40,000
● Land - Off Market

7242 S James Road

Baldwin, MI 49304
bedrooms
Studio
bathrooms
0 Bath
$262
Est. Monthly

About This Property

Welcome to this exceptional real estate opportunity offering two contiguous parcels providing an expansive 5-acre canvas for your dream project. Whether you're looking to develop a private residence, create a serene retreat, or invest for the future, this property promises endless possibilities.  With two separate parcels, the property offers flexibility. You can develop both or keep one as an investment.  Electric and septic tank are present.  This property is strategically located to provide both tranquility and accessibility. Enjoy the peace of rural living while being just a short drive from modern amenities and essential services.
Unit Size
-
Days on Market
48 days
Land Size
5.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
$41
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 #25023812)

Price History

Date / Event Date Event Price
Jul 10, 2025 Sold
Premium
Sold
Jun 11, 2025 In contract -
In contract
May 31, 2025 Price Decreased $45,000
↓ $4K (7.2%)
Price Decreased
May 23, 2025 Listed by CENTURY 21 C. Howard $48,500
Listed by CENTURY 21 C. Howard
Aug 7, 2020 Sold
Premium
Sold

Property Highlights

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: 108,900
  • 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: 0000002500
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: PAR D PT SW 14 NW 14 NW 14 BEG 1133' S OF NW SEC COR TH E 661', 3 162', W 661', N 162' TO POB. SEC 11 T17N R13W. 2.5 A ML

Neighborhood

  • School District Name: Baldwin Community Schools
  • School Tax School District: BALDWIN
  • Census Tract: 961200

Geography

  • District: 14
  • Parcel: 14-011-012-75
  • Meridian: SEC 11 TWN 17N RNG 13W
  • Municipality: PLEASANT PLAINS
  • Latitude: 43.8828
  • Longitude: -85.8406

    Address

  • Full Address: 7242 S James Rd
  • Address - House Number: 7242
  • Street Direction: S
  • Address - Street Name: James
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Baldwin
  • Zip Code: 49304

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,189
  • Tax Rate Code Area: 14

    Appraisal Valuation

  • Standard Deviation: 0.442
  • Valuation Date: Mar 15, 2023
  • Confidence Score: 11
  • Final Value: 44,920
  • High Value: 64,775
  • Low Value: 25,064

    Market Valuation

  • Market Total Value: $10,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $5,400

    Sales

  • Current Sale Contract Date: Aug 07, 2020
  • Current Sale Recording Date: Aug 07, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 26
  • Previous Sale Recording Date: Aug 24, 2004
  • Previous Sale Contract Date: Aug 24, 2004
  • 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 Lake

Stats & Trends

Median Asking:

$219,900

Sale Price/ft²

$202

Below Asking

0.03%

Average Days on Market

72

Average Home Size

1329 ft²

Average Home Age

64.8 years

Currently For Sale

88 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: Reuben C Mishler, CENTURY 21 C. Howard
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25023812
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 7242 South James Road built and last sold?
The property at 7242 South James Road was built in and last sold on Aug 7, 2020 for $10,000.
How much is this home worth?
The estimated value of the home located at 7242 South James Road is $45,450.
What are some comparable homes to 7242 South James Road?
There are currently no comparable homes to 7242 South James Road.
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