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Van Buren 49045
75248 55th Street
$50,000
● Land - Off Market

75248 55th Street

Decatur, MI 49045
bedrooms
Studio
bathrooms
0 Bath
$312
Est. Monthly

About This Property

Country living is waiting for you! This 2.5+/- acre lot is the perfect place to build your dream home. The lot is partially wooded and has water frontage on White Creek. There is currently a septic and well on the property, but seller does not warrant their condition.
Unit Size
-
Days on Market
-
Land Size
2.49 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 #24010386)

Price History

Date / Event Date Event Price
May 10, 2024 Sold
Premium
Sold
Mar 4, 2024 Listed by Century 21 Affiliated $55,000
Listed by Century 21 Affiliated
Jul 14, 2023 Sold
Premium
Sold
May 14, 2023 Listed by Century 21 Affiliated $50,000
Listed by Century 21 Affiliated
Sep 28, 2016 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: 87,120
  • Lot Size Frontage Feet: 0
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: WHITE CREEK
  • Land Acres: 0000002000
  • Standard Land Use Code: 8001
  • County Land Use Code: 402
  • Legal Description 1: 44 5-4-15 587-155 1339-343 1641-774 * BEG AT INTERSECTION OF CEN L OF WHITE CREEK & N & S 1/4 L, TH S ON 1/4 L 31 RODS, TH W

Neighborhood

  • School District Name: Decatur Public Schools
  • School Tax School District: DECATUR
  • Census Tract: 011500

Zoning

  • Zoning: AG

Geography

  • Assessors Map Reference: 44
  • District: 10
  • Parcel: 80-10-005-007-00
  • Municipality: HAMILTON TWP
  • Latitude: 42.1449
  • Longitude: -86.0804

    Address

  • Full Address: 75248 55th St
  • Address - House Number: 75248
  • Address - Street Name: 55th
  • Address - Suffix Type: St
  • State: MI
  • City Name: Decatur
  • Carrier Code: R001
  • 4-Digit Zip Code: 9130
  • Zip Code: 49045

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $9,954
  • Tax Rate Code Area: 80100

    Market Valuation

  • Market Total Value: $24,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $12,000

    Sales

  • Current Sale Contract Date: Jun 30, 2023
  • Current Sale Recording Date: Jul 14, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3436202
  • Previous Sale Recording Date: Sep 28, 2016
  • Previous Sale Contract Date: Sep 22, 2016
  • Previous Sale Amount: $5,600
  • 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 Van Buren

Stats & Trends

Median Asking:

$329,000

Sale Price/ft²

$181

Below Asking

0.03%

Average Days on Market

56

Average Home Size

2043 ft²

Average Home Age

61.4 years

Currently For Sale

227 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: The Myers-Henry & Hassle Team, Century 21 Affiliated
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24010386
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 75248 55th Street built and last sold?
The property at 75248 55th Street was built in and last sold on Jun 30, 2023 for $48,000.
How much is this home worth?
The estimated value of the home located at 75248 55th Street is $55,550.
What are some comparable homes to 75248 55th Street?
There are currently no comparable homes to 75248 55th Street.
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