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Van Buren
VL Ramblewood Drive
$78,000
● Land - Off Market

VL Ramblewood Drive

Covert, MI 49043
bedrooms
Studio
bathrooms
0 Bath
$89,149
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

Beautiful buildable 2 lots as 1 building site in desirable gated Lake Michigan Resort Community, Palisades Park Country Club only 7 miles south of South Haven. Rare opportunity to build a treetop cottage getaway on one of the highest points in the park with spectacular sunset views. Enjoy a  path to the sandy shores of Lake Michigan association beach and clubhouse just over the hill. Association features a beautiful natural park and forest fronting Lake Michigan, youth clubhouse, tennis program, soda bar, pickleball, boardwalk & more. Wildflowers, ravines, ferns and wildlife abound. Enjoy endless summers & storied traditions in this naturally beautiful community.
Unit Size
-
Days on Market
-
Land Size
0.39 acres
Price per sqft
-
Property Type
Land
Property Taxes
$156
HOA Dues
$38
Year Built
1986

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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: 3 years ago (MichRIC MLS #21117747)

Price History

Date / Event Date Event Price
Jun 23, 2023 Sold
Premium
Sold
Dec 9, 2021 Listed by Jaqua Realtors $89,000
Listed by Jaqua Realtors
Aug 19, 2016 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • 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 Count: 100
  • 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: 7,777,202
  • Lot Size Frontage Feet: 0
  • Total Building Area: 4,816
  • Gross Building Area: 4,816
  • Building Area: 4,816
  • Building Area Measurement: T

    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: E
  • Land Acres: 0000178540
  • Standard Land Use Code: 9110
  • County Land Use Code: 001
  • Legal Description 1: 297 17-2-17 683-774 868-917 NE 1/4 EX I-196 HWY.

Neighborhood

  • School District Name: Covert Public Schools
  • School Tax School District: COVERT
  • Census Tract: 010600

Zoning

  • Zoning: HC

Geography

  • Assessors Map Reference: 297
  • District: 07
  • Parcel: 80-07-017-018-00
  • Municipality: COVERT TWP
  • Latitude: 42.3003
  • Longitude: -86.3022

    Address

  • Full Address: 78085 County Road 378
  • Address - House Number: 78085
  • Address - Street Name: County Road 378
  • State: MI
  • City Name: Covert
  • Carrier Code: R012
  • 4-Digit Zip Code: 9521
  • Zip Code: 49043

Valuation

    Tax

  • Tax Year: 2020
  • Tax Amount: $0
  • Tax Rate Code Area: 80070

    Assessments Valuation

  • Assessed Year: 2023

    Sales

  • Current Sale Contract Date: Aug 17, 2016
  • Current Sale Recording Date: Aug 19, 2016
  • Current Sale Price:
    Premium
  • Current 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

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MichRIC

Listed by: Christine Norland, Jaqua Realtors
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21117747
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 78085 County Rd 378 built and last sold?
The property at 78085 County Rd 378 was built in 1986 and last sold on Aug 17, 2016 for $80,000.
How much is this home worth?
The estimated value of the home located at 78085 County Rd 378 is $89,890.
What are some comparable homes to 78085 County Rd 378?
There are currently no comparable homes to 78085 County Rd 378.
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