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Eaton 49284
8616 Lake Drive
$485,000
● House - Off Market

8616 Lake Drive

Springport, MI 49284
bedrooms
4 Beds
bathrooms
3 Baths
square feet
3,433 Ft²
$500,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

Welcome to this beautiful, brand new lakefront home  with a spacious open floor plan and ranch-style design, set in a picturesque country setting. With 90 feet of lake frontage and a large lot, this property offers a serene and tranquil escape from the hustle and bustle of everyday life. Enjoy the breathtaking views of the lake, the open and spacious layout, and the modern amenities that make this home a perfect blend of comfort and luxury. Whether you're looking for a peaceful retreat or an entertainer's paradise, this lakefront home is the perfect place to create lasting memories.
Unit Size
3,433 Ft²
Days on Market
-
Land Size
0.52 acres
Price per sqft
$146
Property Type
House
Property Taxes
$429
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: 3 years ago (MichRIC MLS #23023051)

Price History

Date / Event Date Event Price
Nov 13, 2023 Sold
Premium
Sold
Jun 30, 2023 Listed by ERA REARDON REALTY, L.L.C. $500,000
Listed by ERA REARDON REALTY, L.L.C.
Nov 17, 2004 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Building Count: 3
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,500
  • Garage Type: 7
  • Garage Square Area: 1,376
  • Parking Space Count: 5
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,651
  • Total Building Area: 1,500
  • Building Area: 1,500
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,500
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000520
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: COM. 1948.18 FEET N & 1735 FEET W OF S 1/4 POST, N 120 FEET, W 190 FEET M/L TO E SHORE OF NARROW LAKE, SLY ALONG LAKE SHORE

Neighborhood

  • School District Name: Eaton Rapids Public Schools
  • School Tax School District: 23050
  • Census Tract: 021100

Zoning

  • Zoning: R1

Geography

  • District: 150
  • Section: 27
  • Parcel: 150 027 300 040 00
  • Meridian: SEC 27 TWN 01N RNG 04W
  • Municipality: BROOKFIELD TWP
  • Latitude: 42.4416
  • Longitude: -84.7742

    Address

  • Full Address: 8616 Lake Dr
  • Address - House Number: 8616
  • Address - Street Name: Lake
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Springport
  • Carrier Code: R082
  • 4-Digit Zip Code: 9313
  • Zip Code: 49284

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $151,078

    Appraisal Valuation

  • Standard Deviation: 0.1441
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 82
  • Final Value: 407,604
  • High Value: 466,364
  • Low Value: 348,843

    Market Valuation

  • Market Total Value: $319,170

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $159,585

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 07, 2023
  • Current Sale Recording Date: Nov 13, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Nov 17, 2004
  • Previous Sale Contract Date: Nov 09, 2004
  • Previous Sale Amount: $203,000
  • 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 Eaton

Stats & Trends

Median Asking:

$249,900

Sale Price/ft²

$150

Below Asking

0.02%

Average Days on Market

49

Average Home Size

2145 ft²

Average Home Age

66.8 years

Currently For Sale

32 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: MICHELLE EPPERLY, ERA REARDON REALTY, L.L.C.
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 23023051
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 8616 Lake Drive built and last sold?
The property at 8616 Lake Drive was built in and last sold on Nov 7, 2023 for $485,000.
How much is this home worth?
The estimated value of the home located at 8616 Lake Drive is $0.
What are some comparable homes to 8616 Lake Drive?
There are currently no comparable homes to 8616 Lake Drive.
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