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Watervliet 49098
247 W Parsons Avenue
$158,000
● House - Off Market

247 W Parsons Avenue

Watervliet, MI 49098
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,200 Ft²
$190,506
RealtyHop Estimate
31.38%
Since Jan 1, 2021
National-US
Primary Model

About This Property

Great 3 bed/1 bath ranch home in Watervliet with updated kitchen and bath, and 2 car garage.  Wood burning stove in living room. Open kitchen, living and dining areas.  Many artistic treatments include decorative mosaic tile work. Large deck in back with canopy and hot tub (included) provides additional outdoor living space.  Extra deep lot with fenced in yard.  Property extends past the fence.  Back yard feels like a sanctuary.  Many of the fountains and bird houses will be included.   New roof and furnace in 2015.  Too many newer items and appliances to list.  See attachment. Come see this one of a kind home! You will love it!
Unit Size
1,200 Ft²
Days on Market
-
Land Size
0.62 acres
Price per sqft
$121
Property Type
House
Property Taxes
$159
HOA Dues
-
Year Built
1960

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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 #20043840)

Price History

Date / Event Date Event Price
Jan 5, 2021 Sold
Premium
Sold
Oct 17, 2020 Listed by Realty Executives Instant Equity $145,000
Listed by Realty Executives Instant Equity

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • 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: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 26,877
  • Lot Size Depth Feet: 2,560
  • Lot Size Frontage Feet: 1,050
  • Total Building Area: 1,200
  • Building Area: 1,200
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,200
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LOVELAND HOMEACRES
  • Land Acres: 0000000617
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: ENTIRE LOT 7 & THE W1/2 OF LOT 8 BLK 13 LOVELAND HOMEACRES CITY OF WATERVLIET

Neighborhood

  • School District Name: Watervliet School District
  • School Tax School District: WATERVLIET
  • Census Tract: 010300

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: 023-1
  • District: 78
  • Parcel: 78-4700-0182-00-5
  • Block: 13
  • Lot: 7-8
  • Municipality: WATERVLIET CITY
  • Latitude: 42.1958
  • Longitude: -86.2602

    Address

  • Full Address: 247 W Parsons Ave
  • Legal Unit: 7,8
  • Address - House Number: 247
  • Street Direction: W
  • Address - Street Name: Parsons
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Watervliet
  • Carrier Code: R013
  • 4-Digit Zip Code: 9318
  • Zip Code: 49098

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $277,508

    Appraisal Valuation

  • Standard Deviation: 0.2143
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 70
  • Final Value: 212,300
  • High Value: 257,805
  • Low Value: 166,796

    Market Valuation

  • Market Total Value: $133,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $66,900

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 23, 2020
  • Current Sale Recording Date: Jan 05, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Jul 24, 2001
  • Previous Sale Contract Date: Jul 24, 2001
  • Previous Sale Document Type: 27
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 Watervliet

Stats & Trends

Median Asking:

$220,000

Sale Price/ft²

$148

Below Asking

0.01%

Average Days on Market

53

Average Home Size

1712 ft²

Average Home Age

46.4 years

Currently For Sale

9 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: Kimberly Webb, Realty Executives Instant Equity
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 20043840
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 247 West Parsons built and last sold?
The property at 247 West Parsons was built in 1960 and last sold on Dec 23, 2020 for $158,000.
How much is this home worth?
The estimated value of the home located at 247 West Parsons is $150,705.
What are some comparable homes to 247 West Parsons?
There are currently no comparable homes to 247 West Parsons.
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