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Grass Lake 49240
783 Arthur Drive
$209,000
● Mobile Manufactured - Off Market

783 Arthur Drive

Grass Lake, MI 49240
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,456 Ft²
$1,365
Est. Monthly
8.82%
Cap Rate

About This Property

Discover affordable living in the heart of the Village of Grass Lake! This charming ranch home is perfectly situated on a quiet dead-end street, just a short walk to schools, sporting events, and all the local attractions the village has to offer. Step inside to an inviting open floor plan featuring 3 bedrooms and 2 full baths, including a main floor primary suite for added convenience. The spacious yard provides plenty of room to enjoy the outdoors, while the attached two-car garage offers secure parking and extra storage. Homes like this in Grass Lake are a rare find-don't miss your chance to make it yours!
Unit Size
1,456 Ft²
Days on Market
79 days
Land Size
0.58 acres
Price per sqft
$144
Property Type
Mobile Manufactured
Property Taxes
$334
HOA Dues
-
Year Built
2008

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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: 9 months ago (MichRIC MLS #25046052)

Price History

Date / Event Date Event Price
Mar 11, 2026 Sold
Premium
Sold
Jan 29, 2026 In contract -
In contract
Dec 23, 2025 Relisted $210,000
Relisted
Nov 11, 2025 In contract -
In contract
Sep 23, 2025 Relisted $215,000
Relisted
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2008
  • Effective Year Built: 2008
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 45
  • 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: 7
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,825
  • Lot Size Depth Feet: 2,535
  • Lot Size Frontage Feet: 900
  • Total Building Area: 1,456
  • Building Area: 1,456
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,456
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PINEWOOD ESTATES
  • Land Acres: 0000000524
  • Standard Land Use Code: 1006
  • County Land Use Code: 401
  • Mobile Home Indicator: T
  • Legal Description 1: UNIT 1 PINEWOOD ESTATES SITE CONDOMINIUM SPLIT ON 03/30/2005 FROM 009-15-04-101-003-12;

Neighborhood

  • School District Name: Grass Lake Community Schools
  • School Tax School District: 38050
  • Census Tract: 006804

Zoning

  • Zoning: R1-SIN

Geography

  • Assessors Map Reference: MAPS PINEWOOD
  • District: 04
  • Parcel: 009-15-04-131-001-00
  • Municipality: GRASS LAKE VILLAGE
  • Latitude: 42.2447
  • Longitude: -84.2037

    Address

  • Full Address: 783 Arthur Dr
  • Legal Unit: 1
  • Address - House Number: 783
  • Address - Street Name: Arthur
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Grass Lake
  • Carrier Code: R045
  • 4-Digit Zip Code: 9383
  • Zip Code: 49240

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $299,220
  • Tax Rate Code Area: 44

    Appraisal Valuation

  • Standard Deviation: 0.2514
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 64
  • Final Value: 237,246
  • High Value: 296,913
  • Low Value: 177,579

    Market Valuation

  • Market Total Value: $170,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $85,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 16, 2021
  • Current Sale Recording Date: Jul 21, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2889592
  • Previous Sale Recording Date: Aug 02, 2017
  • Previous Sale Contract Date: Jun 01, 2017
  • Previous Sale Amount: $150,000
  • 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 Grass Lake

Stats & Trends

Median Asking:

$294,450

Sale Price/ft²

$168

Below Asking

0.02%

Average Days on Market

48

Average Home Size

1967 ft²

Average Home Age

34.3 years

Currently For Sale

3 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: Jarchow & Lester, PRODUCTION REALTY - GRASS LAKE
Last Updated: 9 months ago
Data Source: MichRIC, MLS# 25046052
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 783 Arthur Drive built and last sold?
The property at 783 Arthur Drive was built in 2008 and last sold on Jul 16, 2021 for $170,000.
How much is this home worth?
The estimated value of the home located at 783 Arthur Drive is $207,343.
What are some comparable homes to 783 Arthur Drive?
There are currently no comparable homes to 783 Arthur Drive.
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