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Spring Arbor 49283
230 E MAIN ST
$180,900
● House - Off Market

230 E MAIN ST

Spring Arbor, MI 49283
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,786 Ft²
$213,980
RealtyHop Estimate
18.94%
Since Jun 1, 2021
National-US
Primary Model

About This Property

HIGHEST AND BEST BY 6 PM ON APRIL 28TH, PLEASEThere are endless possibilities for this lovely, well maintained and move-in ready, duplex.  Home is walking distance to Spring Arbor University, parks, shopping and restaurants. While zoned commercial, the property has been given residential usage.  Potential for investment, office, or rental/owner.  Unit 1 is a 3 Bed/2 bath home with an open floor plan, basement, central air and a beautiful deck with large, fenced back yard overlooking park.  Unit 2 hosts 1 bedroom/1 bath and a cozy, open feel. Excellent income potential or family home with in-law suite!
Unit Size
1,786 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$101
Property Type
House
Property Taxes
$168
HOA Dues
-
Year Built
-

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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 #21095710)

Price History

Date / Event Date Event Price
Jun 3, 2021 Sold
Premium
Sold
Apr 22, 2021 Listed by GOOD EARTH REAL ESTATE, LLC $179,900
Listed by GOOD EARTH REAL ESTATE, LLC
Jul 19, 2005 Sold
Premium
Sold
Dec 16, 2004 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 11
  • 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: 726
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,810
  • Total Building Area: 1,686
  • Gross Building Area: 1,786
  • Building Area: 1,686
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,686
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 1
  • Water Service: 0

Building

  • Building Type: 1
  • Property Class: R
  • Land Acres: 0000000340
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: BEG AT PT OF INTERSECTION OF N&S 1/4 LN OF SEC 16 WITH CEN OF M-60 HWYTH N 73DEG 59'E ALG CEN LN OF M-60 HWY, 187.13 FT TO A

Neighborhood

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

Zoning

  • Zoning: C-3

Geography

  • Assessors Map Reference: MAPS
  • District: 15
  • Parcel: 000-12-16-404-004-00
  • Meridian: SEC 16 TWN 03S RNG 02W
  • Municipality: SPRING ARBOR TWP
  • Latitude: 42.2065
  • Longitude: -84.5497

    Address

  • Full Address: 230 E Main St
  • Address - House Number: 230
  • Street Direction: E
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: MI
  • City Name: Spring Arbor
  • Carrier Code: R082
  • 4-Digit Zip Code: 9673
  • Zip Code: 49283

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $301,414
  • Tax Rate Code Area: 15

    Appraisal Valuation

  • Standard Deviation: 0.2226
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 69
  • Final Value: 225,319
  • High Value: 275,476
  • Low Value: 175,162

    Market Valuation

  • Market Total Value: $194,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $97,300

    Sales

  • Current Sale Contract Date: Jun 01, 2021
  • Current Sale Recording Date: Jun 03, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2885364
  • Previous Sale Recording Date: Jul 19, 2005
  • Previous Sale Contract Date: Jul 06, 2005
  • Previous Sale Amount: $88,000
  • 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 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: Christy Cottingham, GOOD EARTH REAL ESTATE, LLC
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21095710
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 230 East Main Street built and last sold?
The property at 230 East Main Street was built in and last sold on Jun 1, 2021 for $180,900.
How much is this home worth?
The estimated value of the home located at 230 East Main Street is $181,798.
What are some comparable homes to 230 East Main Street?
There are currently no comparable homes to 230 East Main Street.
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