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Van Buren 49045
87868 60th Street
$185,000
● House - Off Market

87868 60th Street

Decatur, MI 49045
bedrooms
3 Beds
bathrooms
1 Bath
square feet
2,217 Ft²
$214,099
RealtyHop Estimate
18.94%
Since Jun 1, 2021
National-US
Primary Model

About This Property

Country living at a great price! This 3 bedroom, 1 bathroom ranch home rests on a corner lot with 1.3 acres and a 30x40 pole barn with electricity! Interior features include an attached garage, main floor mud/laundry room, a full basement and there's hardwood floors under the carpet. Fiber optic internet is available through Midwest Energy.
Unit Size
2,217 Ft²
Days on Market
-
Land Size
1.34 acres
Price per sqft
$81
Property Type
House
Property Taxes
$122
HOA Dues
-
Year Built
1960

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #21008931)

Price History

Date / Event Date Event Price
May 27, 2021 Sold
Premium
Sold
Mar 22, 2021 Listed by Cressy & Everett Real Estate $180,000
Listed by Cressy & Everett Real Estate

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 9
  • Basement Area: 1,136
  • Garage Type: 7
  • Garage Square Area: 540
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 58,370
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,136
  • Building Area: 1,136
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,136
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001340
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: 231-B 23-4-16 1009-872 1484-206 * S 164 FT OF E 355 FT OF SE 1/4 OF SEC.

Neighborhood

  • School District Name: Dowagiac Union Schools
  • School Tax School District: DOWAGIAC UNION
  • Census Tract: 011500

Zoning

  • Zoning: LSR

Geography

  • Assessors Map Reference: 231-B
  • District: 12
  • Parcel: 80-12-023-013-00
  • Municipality: KEELER TWP
  • Latitude: 42.1001
  • Longitude: -86.1279

    Address

  • Full Address: 87868 60th St
  • Address - House Number: 87868
  • Address - Street Name: 60th
  • Address - Suffix Type: St
  • State: MI
  • City Name: Decatur
  • Carrier Code: R002
  • 4-Digit Zip Code: 9048
  • Zip Code: 49045

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $71,264
  • Tax Rate Code Area: 80120

    Appraisal Valuation

  • Standard Deviation: 0.2443
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 65
  • Final Value: 236,476
  • High Value: 294,251
  • Low Value: 178,702

    Market Valuation

  • Market Total Value: $156,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $78,400

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 14, 2021
  • Current Sale Recording Date: May 27, 2021
  • 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

Nearby Rentals

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MichRIC

Listed by: Martha Hassle, Cressy & Everett Real Estate
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 21008931
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 87868 60th Street built and last sold?
The property at 87868 60th Street was built in 1960 and last sold on May 14, 2021 for $185,000.
How much is this home worth?
The estimated value of the home located at 87868 60th Street is $195,368.
What are some comparable homes to 87868 60th Street?
There are currently no comparable homes to 87868 60th Street.
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