$170,000
●
House -
Off Market
2251 S DEARING RD
Spring Arbor, MI 49283
3 Beds
2 Baths
2,214 Ft²
$308,362
RealtyHop Estimate
72.27%
Since May 1, 2016
National-US
Primary Model
About This Property
Entertain in this finished basement, Relax on the main floor level
living room or serve dinner in the large dining room. Great kitchen
to cook those special meals. This Quad level home is located in
Western schools are. Features a wooded and very nicely landscaped
1.50 acre yard with the back all fenced in. Play yard games or
relax in this shaded back yard. New pressure tank installed in
2016. Property line is 15' south of the fence. 12 hour Notice for
showings
Unit Size
2,214 Ft²
Days on Market
-
Land Size
1.50 acres
Price per sqft
$81
Property Type
House
Property Taxes
$134
HOA Dues
-
Year Built
-
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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 #21060070)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 3, 2023 | Sold | ||
| Sold | |||
| Mar 13, 2023 | Listed by C-21 Affiliated - Jackson | $252,900 | |
| Listed by C-21 Affiliated - Jackson | |||
| | |||
|
Western Schools - This Quad level home, sitting on 1.5 acres, features 3 bedrooms, 2 bathrooms and lots of space for entertaining! The main level features an updated kitchen, tons of natural light and a sliding door to the backyard, off of the dining room. The upper level has three large bedrooms and the main bathroom. The lower level walks out to the backyard and driveway with easy access to the garage. It is also where the laundry room is located. In the basement there is a large kitchenette/bar area and plenty of space for entertaining. It is also where the second bathoom is located. The fully fenced backyard has a large deck, playset, garage/shed, a decorated fire pit, and beautiful shade trees! Schedule your showing today!
(List of improvements included in documents)
| |||
| Nov 27, 2019 | Sold | ||
| Sold | |||
| Jun 26, 2019 | Listed by C-21 Affiliated - Jackson | $230,000 | |
| Listed by C-21 Affiliated - Jackson | |||
| | |||
|
Over $100K in updates in the last 2 years! Entertain in this finished basement, Relax on the main floor level living room w/lots of natural light or serve dinner in the large dining room. Great kitchen to cook those special meals w/soft close drawers & doors, quartz c-tops, subway tile back splash, lg sink & recessed lighting. This Quad level home is located in Western schools. Features a wooded and very nicely landscaped 1.50 acre yard. Play yard games or relax in this shaded back yard. New pressure tank installed in 2016. Property line is 15' south of the fence. Attention to detail has been given to this meticulously cared for home! List of updates available in associated documents.
| |||
| Apr 11, 2016 | Sold | ||
| Sold | |||
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About Jackson
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Listed by: CHARLES TOBIAS, EXIT REALTY 1ST LLC
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21060070
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.
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21060070
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