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St. Joseph 49093
10383 Walnut Drive
$187,000
● House - Off Market

10383 Walnut Drive

Three Rivers, MI 49093
bedrooms
3 Beds
bathrooms
1 Bath
square feet
856 Ft²
$280,273
RealtyHop Estimate
40.21%
Since Jul 1, 2020
National-US
Primary Model

About This Property

Enjoy lake living for under $200,000 w/this turnkey property. The home comes furnished and ready for summer. You will make tons of memories with this 3-bedroom, 1 bath home with beautiful sunsets on all sport's long lake. A pier is included with this property and a new seawall is scheduled for the end of May. You can take advantage in the winter also with beautiful Swiss Valley Ski Resort only 20 Minutes away. Call today for your showing.
Unit Size
856 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$234
Property Type
House
Property Taxes
$272
HOA Dues
-
Year Built
1956

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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: 3 years ago (MichRIC MLS #20016066)

Price History

Date / Event Date Event Price
Oct 9, 2023 Sold
Premium
Sold
Jul 10, 2023 Listed by Century 21 Affiliated $250,000
Listed by Century 21 Affiliated
Jun 22, 2020 Sold
Premium
Sold
May 12, 2020 Listed by Century 21 Affiliated $199,900
Listed by Century 21 Affiliated
Jan 12, 2005 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,197
  • Lot Size Depth Feet: 2,350
  • Lot Size Frontage Feet: 510
  • Total Building Area: 856
  • Building Area: 856
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 1
  • Heated Square Feet: 856
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WALNUT RIDGE BEACH
  • Land Acres: 0000000280
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 63. WALNUT RIDGE BEACH. SEC 18 T6S R12W ALSO PCL BNDED N & S BY NLY & SLY LNS OF LOT 63 EXT & W BY LAKE & E BY W LN OF WA

Neighborhood

  • School District Name: Three Rivers Community Schools
  • School Tax School District: THREE RIVERS
  • Census Tract: 041102

Zoning

  • Zoning: LR

Geography

  • District: 004
  • Parcel: 004-530-063-00
  • Lot: 63
  • Meridian: SEC 18 TWN 06S RNG 12W
  • Municipality: FABIUS TOWNSHIP
  • Latitude: 41.951
  • Longitude: -85.7531

    Address

  • Full Address: 10383 Walnut Dr
  • Address - House Number: 10383
  • Address - Street Name: Walnut
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Three Rivers
  • Carrier Code: R003
  • 4-Digit Zip Code: 8555
  • Zip Code: 49093

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $103,965

    Appraisal Valuation

  • Standard Deviation: 0.227
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 68
  • Final Value: 269,857
  • High Value: 331,128
  • Low Value: 208,585

    Market Valuation

  • Market Total Value: $228,200
  • Market Land Value: $100,800
  • Market Improvement Value: $127,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $114,100
  • Assessed Land Value: $50,400
  • Assessed Improvements Value: $63,700

    Sales

  • Current Sale Contract Date: Oct 04, 2023
  • Current Sale Recording Date: Oct 09, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7209
  • Previous Sale Recording Date: Jun 22, 2020
  • Previous Sale Contract Date: Jun 18, 2020
  • Previous Sale Amount: $187,000
  • 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 St. Joseph

Stats & Trends

Median Asking:

$240,000

Sale Price/ft²

$153

Above Asking

0.00%

Average Days on Market

58

Average Home Size

2070 ft²

Average Home Age

73.8 years

Currently For Sale

147 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

Unit for rent at 10139 Lucas Road, Three Rivers, MI, 49093

$1,300 /mo

  • 1 Bed
  • 1 Bath
  • 1,296 ft²
10139 Lucas Road, Three Rivers, MI, 49093 Listing by Lindsay Flyn Flynn

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Crystal Heivilin, Century 21 Affiliated
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 20016066
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 10383 Walnut Drive built and last sold?
The property at 10383 Walnut Drive was built in 1956 and last sold on Oct 4, 2023 for $240,000.
How much is this home worth?
The estimated value of the home located at 10383 Walnut Drive is $0.
What are some comparable homes to 10383 Walnut Drive?
There are currently no comparable homes to 10383 Walnut Drive.
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