Score
0Harrison, MI
46 E Clarence Rd
424K
2 beds
1.5 baths
974 sqft
2 bd • 1.5 ba • 974 sf
This analysis was generated on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$423,900
Price/Sq.Ft
$435
Year Built
1953
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
This property offers an exceptional 135 acres of land, priced at just $3,140 per acre, which is significantly below the average land value in Clare County. The L-shaped corner lot provides extensive frontage on both Clarence and Coolidge Roads, enhancing accessibility and potential for development. The property's location just outside Harrison city limits offers a perfect balance of privacy and convenience, with easy access to amenities. The diverse landscape, including rolling hills, evergreen and deciduous trees, and driving trails, provides multiple possibilities for land use. The presence of a stream, noted as a watering hole for large bucks, adds value for hunting enthusiasts. The property's proximity to numerous lakes (20 lakes within 20 minutes) and recreational areas like Wilson State Park and various golf courses significantly enhances its appeal for both permanent residence and vacation use. The easy access to major roads (I-127, M-10, M-115) increases the property's connectivity to larger cities and attractions.
The Bad
The existing home, built in 1953, is described as a "fixer-upper," indicating potential significant renovation costs. At 974 square feet, the house is considerably smaller than the average American home (about 2,261 sq ft as of 2020). The property has only 2 bedrooms and 1.5 bathrooms, which may be limiting for many buyers. The price per square foot for the house ($435.22) is high considering its condition and the rural location, suggesting that most of the value is in the land. The property uses a propane heating system, which can be more expensive to operate than natural gas. The minimal utilities and systems mentioned (only listing refrigerator, oven/range, and electric water heater) suggest potential needs for significant updates or additions to make the home comfortable by modern standards.
The Ugly
The major fire risk (5/10) is a significant concern, especially given the extensive wooded areas on the property. This high fire risk could lead to substantially increased insurance costs and potential difficulties in obtaining coverage. The age of the home (70 years old) suggests likely needs for major system replacements, including plumbing, electrical, and HVAC, which could easily total $30,000-$50,000 or more. The property's vast size (135 acres) comes with substantial maintenance responsibilities and potential tax implications. Property taxes in Michigan are generally high, and with such a large acreage, the annual tax bill could be significant. The disclaimer about property boundaries and acreage in the listing raises concerns about potential boundary disputes or discrepancies in the actual land area. The rural location, while offering privacy, may present challenges in terms of internet connectivity, cell phone coverage, and access to emergency services.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
This property is ideal for buyers with a vision for large-scale land use, such as:
1. Developers looking for a substantial parcel with potential for subdivision or commercial development.
2. Conservation-minded individuals or organizations interested in land preservation.
3. Hunting enthusiasts or outdoor recreation businesses seeking to create a private hunting reserve or eco-tourism destination.
4. Investors looking for long-term land appreciation in a growing recreational area.
5. Self-sufficient lifestyle enthusiasts interested in farming, ranching, or off-grid living.
6. Wealthy individuals seeking a vast private retreat with the option to build a custom home.
The property would suit buyers with a household income of $150,000+ annually, considering potential development costs, property taxes, and maintenance expenses for such a large parcel.
Not For
This property is not suitable for:
1. First-time homebuyers or those with limited budgets, due to the potential high costs of renovations and land maintenance.
2. Buyers seeking a move-in ready home, as the existing structure requires significant updates.
3. Those looking for a typical suburban lifestyle with close neighbors and readily available amenities.
4. Individuals uncomfortable with the responsibilities and challenges of managing a large land parcel.
5. Buyers sensitive to fire risks or unwilling to invest in extensive fire prevention measures.
6. Those seeking a quick flip or immediate rental income, as the property would require substantial investment before becoming profitable.
7. Families needing a larger home with more bedrooms and modern amenities, unless they're prepared to build new or extensively renovate.
Demographics
Area Median Income
$0
Property History
Price History
Ownership Timeline
Property Taxes
$2,894
2024 Tax Assessment
0.0%from previous year
Assessed Value$134,800
Tax Rate2.15%
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
Data provided by Shadowmap
Loading sunlight data...
Schools
Nearby school quality by education level
Middle
4.0/10
AverageHigh
5.0/10
AverageFinancials
Monthly Costs
Market Rent (2 bed)
Get a detailed estimate on Zillow$0
Unlock Premium Features
Supercharge Your Property Analysis
Get unlimited AI-powered insights and analysis to make confident decisions about any property you're interested in.
Best for serious buyers
- Unlimited AI analysis
- Unlimited AI chat
- Advanced tools & insights
$24.92/mo
Billed yearlySave 17% ($60/year)
Cancel anytime • 30-day money-back guarantee
Location & Comparables
Subject Property
Comparable Sales
Frequently Asked Questions
Property Discussion
Start the Conversation
Share your insights on this property—did you visit the open house? Know of any hidden pros or cons? Your street-level knowledge could be exactly what another buyer needs.
You
Analyze Any Property for Free
Get instant insights and potential savings on any Zillow listing.
Free Analysis
AI-Powered Insights
Instant Results
