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Spring Arbor 49283
214 Teft Road
$167,500
● House - Off Market

214 Teft Road

Spring Arbor, MI 49283
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,280 Ft²
$166,406
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

Welcome to 214 Teft Rd, located right in the heart of Spring Arbor, MI!   This 2 bedroom, 2 bath home has had many fresh updates which include the kitchen, main level bath, flooring, and fresh paint.  Located in the walkout basement you will find more family room space and an office or 3rd non-conforming bedroom.  This quality home sits on a large lot and offers comfortable outdoor living space along with a 2.5 car detached garage.
Unit Size
1,280 Ft²
Days on Market
-
Land Size
0.84 acres
Price per sqft
$125
Property Type
House
Property Taxes
$107
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: 3 years ago (MichRIC MLS #22022231)

Price History

Date / Event Date Event Price
Sep 1, 2022 Sold
Premium
Sold
Jun 6, 2022 Listed by PRODUCTION REALTY $160,000
Listed by PRODUCTION REALTY

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 8
  • 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: 720
  • Garage Type: 7
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 36,590
  • Total Building Area: 720
  • Building Area: 720
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 720
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: AND ADD
  • Land Acres: 0000000840
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: BEG AT N 1/4 POST OF SEC 21 TH N89DEG 02'03''W ALG N SEC LN 920.69 FT TO CEN OF TEFT RD TH S0DEG 17'E ALG CEN OF SD RD 471.46

Neighborhood

  • School District Name: Western School District
  • School Tax School District: 38010
  • Census Tract: 005400

Zoning

  • Zoning: RS-1

Geography

  • Assessors Map Reference: MAPS
  • District: 15
  • Parcel: 000-12-21-126-009-02
  • Meridian: SEC 21 TWN 03S RNG 02W
  • Municipality: SPRING ARBOR TWP
  • Latitude: 42.2024
  • Longitude: -84.554

    Address

  • Full Address: 214 Teft Rd
  • Address - House Number: 214
  • Address - Street Name: Teft
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Spring Arbor
  • Carrier Code: R082
  • 4-Digit Zip Code: 9630
  • Zip Code: 49283

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $168,655
  • Tax Rate Code Area: 15

    Appraisal Valuation

  • Standard Deviation: 0.1089
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 89
  • Final Value: 159,330
  • High Value: 176,683
  • Low Value: 141,976

    Market Valuation

  • Market Total Value: $141,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $70,900

    Exemptions

  • Homeowner Exemption: Yes
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 Spring Arbor

Stats & Trends

Median Asking:

$299,900

Sale Price/ft²

$155

Below Asking

0.01%

Average Days on Market

46

Average Home Size

1378 ft²

Average Home Age

53.3 years

Currently For Sale

3 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: My Smart Team, PRODUCTION REALTY
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 22022231
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 214 Teft Road built and last sold?
The property at 214 Teft Road was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 214 Teft Road is $161,600.
What are some comparable homes to 214 Teft Road?
There are currently no comparable homes to 214 Teft Road.
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