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Constantine 49042
255 W Water Street
$63,000
● House - Off Market

255 W Water Street

Constantine, MI 49042
bedrooms
3 Beds
bathrooms
1 Bath
square feet
875 Ft²
$111,962
RealtyHop Estimate
86.91%
Since Jun 1, 2014
National-US
Primary Model

About This Property

St Joseph Riverfront! 3 bedroom home with attached 2 car garage. Possession day of close. Great location close to everything. There's a great view from the riverfront deck on this level lot. Kitchen with appliances. Main floor laundry. New garage door and the seller will pay a $500 carpet replacement.
Unit Size
875 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$68
Property Type
House
Property Taxes
$110
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: 2 years ago (MichRIC MLS #13061212)

Price History

Date / Event Date Event Price
Jul 7, 2020 Sold
Premium
Sold
Jan 6, 2020 Listed by Berkshire Hathaway HomeServices Michigan Real Estate $139,900
Listed by Berkshire Hathaway HomeServices Michigan Real Estate
Sep 3, 2019 Sold
Premium
Sold
Jun 7, 2019 Listed by Berkshire Hathaway HomeServices Michigan Real Estate $119,900
Listed by Berkshire Hathaway HomeServices Michigan Real Estate
May 15, 2014 Sold
Premium
Sold
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Bedroom Count: 0
  • 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 Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Lot Size Depth Feet: 1,800
  • Lot Size Frontage Feet: 550
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VIL OF CONSTANTINE
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 4 BLK 2 TRUE & MEEKS ADD. VIL OF CONSTANTINE.

Neighborhood

  • School District Name: Constantine Public School District
  • School Tax School District: CONSTANTINE
  • Census Tract: 041101

Geography

  • District: 043
  • Parcel: 043-180-001-01
  • Block: 2
  • Lot: 4
  • Municipality: CONSTANTINE VILLAGE
  • Latitude: 41.8414
  • Longitude: -85.6715

    Address

  • Full Address: 255 W Water St
  • Address - House Number: 255
  • Street Direction: W
  • Address - Street Name: Water
  • Address - Suffix Type: St
  • State: MI
  • City Name: Constantine
  • Carrier Code: C002
  • 4-Digit Zip Code: 1060
  • Zip Code: 49042

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $47,702

    Appraisal Valuation

  • Standard Deviation: 0.2781
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 60
  • Final Value: 164,093
  • High Value: 209,736
  • Low Value: 118,451

    Market Valuation

  • Market Total Value: $106,000
  • Market Land Value: $8,600
  • Market Improvement Value: $97,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $53,000
  • Assessed Land Value: $4,300
  • Assessed Improvements Value: $48,700

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 02, 2020
  • Current Sale Recording Date: Jul 07, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2020002975
  • Previous Sale Recording Date: Sep 03, 2019
  • Previous Sale Contract Date: Aug 12, 2019
  • Previous Sale Amount: $119,900
  • 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 Constantine

Stats & Trends

Median Asking:

$202,450

Sale Price/ft²

$137

Below Asking

0.02%

Average Days on Market

46

Average Home Size

2222 ft²

Average Home Age

62.3 years

Currently For Sale

7 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

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MichRIC

Listed by: Charles A Miller, Berkshire Hathaway HomeServices Michigan Real Estate
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 13061212
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 255 West Water Street built and last sold?
The property at 255 West Water Street was built in and last sold on Jul 2, 2020 for $135,000.
How much is this home worth?
The estimated value of the home located at 255 West Water Street is $141,254.
What are some comparable homes to 255 West Water Street?
There are currently no comparable homes to 255 West Water Street.
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