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Clare
9864 Cadillac Drive
$125,000
● House - Off Market

9864 Cadillac Drive

Lake, MI 48632
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,078 Ft²
$667
Est. Monthly
11.01%
Cap Rate

About This Property

Welcome to this adorable and  recently renovated 3 bedroom 2 bath home located within a reasonable drive to  Cadillac, Big Rapids, Mt. Pleasant, and Evart.  This home features an open floor plan, large bedrooms, and new flooring through the entire home, new metal roof, and new windows installed this month.  This home is turn key.  Sitting on just over a half acre,  there is plenty of area to enjoy nature, entertain, or even have a small garden.  A large 2 car attached garage is just one more amenity this affordable home has to offer.
Unit Size
1,078 Ft²
Days on Market
115 days
Land Size
0.52 acres
Price per sqft
$120
Property Type
House
Property Taxes
$33
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: 2 years ago (MichRIC MLS #25016400)

Price History

Date / Event Date Event Price
Aug 12, 2025 Sold
Premium
Sold
Jun 29, 2025 In contract -
In contract
May 24, 2025 Price Decreased $129,000
↓ $10K (7.2%)
Price Decreased
May 13, 2025 Price Decreased $139,000
↓ $6K (3.8%)
Price Decreased
May 7, 2025 Price Decreased $144,500
↓ $5K (3%)
Price Decreased
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • 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 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: 22,651
  • Total Building Area: 0
  • Building Area: 0

    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: R
  • Land Acres: 0000000520
  • Standard Land Use Code: 1001
  • County Land Use Code: 401

Neighborhood

  • School District Name: Farwell Area Schools
  • School Tax School District: 18020
  • Census Tract: 000300

Geography

  • District: 009
  • Parcel: 009-016-300-12
  • Meridian: SEC 16 TWN 18N RNG 06W
  • Municipality: FREEMAN
  • Latitude: 43.9489
  • Longitude: -85.0478

    Address

  • Full Address: 9864 Cadillac Dr
  • Address - House Number: 9864
  • Address - Street Name: Cadillac
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Lake
  • Carrier Code: R004
  • 4-Digit Zip Code: 8853
  • Zip Code: 48632

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $14,489
  • Tax Rate Code Area: 009

    Appraisal Valuation

  • Standard Deviation: 0.2417
  • Valuation Date: May 31, 2023
  • Confidence Score: 66
  • Final Value: 97,066
  • High Value: 120,536
  • Low Value: 73,596

    Market Valuation

  • Market Total Value: $69,978
  • Market Land Value: $5,396
  • Market Improvement Value: $64,582

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $34,989
  • Assessed Land Value: $2,698
  • Assessed Improvements Value: $32,291

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 08, 2022
  • Current Sale Recording Date: Mar 08, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
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 Clare

Stats & Trends

Median Asking:

$205,000

Sale Price/ft²

$155

Below Asking

0.05%

Average Days on Market

78

Average Home Size

1683 ft²

Average Home Age

57.1 years

Currently For Sale

16 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: Virginia M Pelton, CENTURY 21 Northland
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25016400
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 9864 Cadillac Drive built and last sold?
The property at 9864 Cadillac Drive was built in and last sold on Mar 8, 2022 for $60,000.
How much is this home worth?
The estimated value of the home located at 9864 Cadillac Drive is $0.
What are some comparable homes to 9864 Cadillac Drive?
There are currently no comparable homes to 9864 Cadillac Drive.
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