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Three Rivers 49093
231 Fourth Avenue
$184,900
● House - Off Market

231 Fourth Avenue

Three Rivers, MI 49093
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,390 Ft²
$183,747
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Terrific location for this amazing home in the heart of Three Rivers! Close to the Middle and High Schools and easy access to Downtown shopping and dining. This all updated tradional home has 3 Bedrooms and 2 full baths, All wood floors throughout. Huge fenced in yard for the 2 or 4 legged family memebers. Kitchen Appliances all stay with the home. The playroom upstairs is just adorable and would make a great movie nook or craft room too! Other updates: Newer furnace/AC, updated kitchen, updated bathrooms. Don't miss out on this terrific home, schedule your private tour today!
Unit Size
1,390 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$133
Property Type
House
Property Taxes
$123
HOA Dues
-
Year Built
1930

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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: 2 years ago (MichRIC MLS #23030388)

Price History

Date / Event Date Event Price
Sep 15, 2023 Sold
Premium
Sold
Aug 17, 2023 Listed by HG Real Estate $184,900
Listed by HG Real Estate
Jun 25, 2019 Sold
Premium
Sold
Apr 25, 2019 Listed by HG Real Estate $129,000
Listed by HG Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 776
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,712
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 660
  • Total Building Area: 1,552
  • Building Area: 1,552
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,552
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CITY OF THREE RIVERS
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 6 BLK 59 PORTAGE ADD.CI TY OF THREE RIVERS.

Neighborhood

  • School District Name: Three Rivers Community Schools
  • School Tax School District: THREE RIVERS
  • Census Tract: 040400

Zoning

  • Zoning: R

Geography

  • District: 051
  • Parcel: 051-445-054-00
  • Block: 59
  • Lot: 6
  • Municipality: THREE RIVERS CITY
  • Latitude: 41.9454
  • Longitude: -85.6264

    Address

  • Full Address: 231 4th Ave
  • Address - House Number: 231
  • Address - Street Name: 4th
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Three Rivers
  • Carrier Code: C004
  • 4-Digit Zip Code: 1508
  • Zip Code: 49093

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $101,373

    Appraisal Valuation

  • Standard Deviation: 0.108
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 89
  • Final Value: 183,325
  • High Value: 203,142
  • Low Value: 163,508

    Market Valuation

  • Market Total Value: $76,000
  • Market Land Value: $5,000
  • Market Improvement Value: $71,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $38,000
  • Assessed Land Value: $2,500
  • Assessed Improvements Value: $35,500

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 14, 2019
  • Current Sale Recording Date: Jun 25, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Jun 25, 2019
  • Previous Sale Contract Date: May 20, 2019
  • Previous Sale Amount: $6,000
  • Previous Sale Document Type: 55
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 Three Rivers

Stats & Trends

Median Asking:

$184,900

Sale Price/ft²

$134

Below Asking

0.03%

Average Days on Market

65

Average Home Size

1969 ft²

Average Home Age

61.7 years

Currently For Sale

29 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: Garrett Hall, HG Real Estate
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 23030388
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 231 4th Avenue built and last sold?
The property at 231 4th Avenue was built in 1930 and last sold on Jun 14, 2019 for $120,000.
How much is this home worth?
The estimated value of the home located at 231 4th Avenue is $0.
What are some comparable homes to 231 4th Avenue?
There are currently no comparable homes to 231 4th Avenue.
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