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Allegan
929 LAKEWOOD Drive
$165,000
● House - Off Market

929 LAKEWOOD Drive

Pullman, MI 49450
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,700 Ft²
$850
Est. Monthly
9.89%
Cap Rate

About This Property

Lower Scott Lake is just around the corner from this newly built home. Tucked back in Allegan woods on over a acre. Surrounded by nature. Enjoy the peace and serenity in these parts. Under cover patio off the back to enjoy private gatherings. This contemporary home was just finished with 2 Bedrooms plus office space. Built with integrity of a Cottage by the Lake. Looking for something close to inland lakes within a reasonable price. This home is newly built and ready for new owners. Call your Realtor today.
Unit Size
1,700 Ft²
Days on Market
-
Land Size
1.42 acres
Price per sqft
$97
Property Type
House
Property Taxes
$40
HOA Dues
-
Year Built
-

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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 #16037752)

Price History

Date / Event Date Event Price
May 11, 2022 Sold
Premium
Sold
Mar 4, 2022 Listed by Jaqua REALTORS $219,000
Listed by Jaqua REALTORS
Mar 27, 2020 Sold
Premium
Sold
Sep 11, 2019 Sold
Premium
Sold
Jul 27, 2017 Sold
Premium
Sold
Show More

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • 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: 61,855
  • Total Building Area: 1,236
  • Building Area: 1,236
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 1
  • Heated Square Feet: 1,236
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FOREST PARK
  • Land Acres: 0000001420
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: COM 100 FT E OF NE COR OF LOT 68 FOREST PARK TH E 40 FT TH S 50 FT TH E 260 FT TH S 230 FT TH W 168 FT TH N 70 FT TH W 132 FT

Neighborhood

  • School District Name: Fennville Public Schools
  • School Tax School District: FENNVILLE
  • Census Tract: 031000

Geography

  • District: 12
  • Parcel: 12-010-051-00
  • Lot: 68
  • Meridian: SEC 10 TWN 01N RNG 15W
  • Municipality: LEE TWP
  • Latitude: 42.4857
  • Longitude: -86.0676

    Address

  • Full Address: 929 Lakewood St
  • Address - House Number: 929
  • Address - Street Name: Lakewood
  • Address - Suffix Type: St
  • State: MI
  • City Name: Pullman
  • Carrier Code: R011
  • 4-Digit Zip Code: 9680
  • Zip Code: 49450

Valuation

    Tax

  • Tax Year: 2020
  • Tax Amount: $248,391

    Appraisal Valuation

  • Standard Deviation: 0.1061
  • Valuation Date: Jun 22, 2022
  • Confidence Score: 89
  • Final Value: 156,072
  • High Value: 172,647
  • Low Value: 139,497

    Market Valuation

  • Market Total Value: $148,800
  • Market Land Value: $13,400
  • Market Improvement Value: $135,400

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $74,400
  • Assessed Land Value: $6,700
  • Assessed Improvements Value: $67,700

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 21, 2022
  • Current Sale Recording Date: May 11, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 9795
  • Previous Sale Recording Date: Mar 27, 2020
  • Previous Sale Contract Date: Mar 05, 2020
  • Previous Sale Amount: $105,000
  • 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 Allegan

Stats & Trends

Median Asking:

$365,000

Sale Price/ft²

$202

Below Asking

0.02%

Average Days on Market

52

Average Home Size

2157 ft²

Average Home Age

49.3 years

Currently For Sale

320 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: Tina M Goodrich, Jaqua REALTORS
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 16037752
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 929 Lakewood Drive built and last sold?
The property at 929 Lakewood Drive was built in and last sold on Apr 21, 2022 for $225,000.
How much is this home worth?
The estimated value of the home located at 929 Lakewood Drive is $234,548.
What are some comparable homes to 929 Lakewood Drive?
There are currently no comparable homes to 929 Lakewood Drive.
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