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Three Rivers 49093
305 Pearl Street
$215,000
● House - Off Market

305 Pearl Street

Three Rivers, MI 49093
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,648 Ft²
$1,166
Est. Monthly
7.20%
Cap Rate

About This Property

Discover this pristine 2 Story Single Family home ideally situated in the City of Three Rivers, placing you minutes from local shops, dining spots and community amenities. This impeccably maintained home is ready for you to unpack and enjoy! Featuring 3 bedrooms offering flexibility for family living, guests or a dedicated home office. 2 full bathrooms, one upstairs off the master suite, the other on the main floor for ease and efficiency. Master Suite features a large walk in closet and an extra bonus area for storage. Two car detached garage provides secure parking and extra storage! A bright and functional layout across two levels, ready for your story!  Enjoy defined spaces for everyday living with this Turn-Key home.
Unit Size
1,648 Ft²
Days on Market
37 days
Land Size
0.21 acres
Price per sqft
$130
Property Type
House
Property Taxes
$110
HOA Dues
-
Year Built
1900

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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 #25038012)

Price History

Date / Event Date Event Price
Sep 5, 2025 Sold
Premium
Sold
Aug 3, 2025 In contract -
In contract
Jul 30, 2025 Listed by HG Real Estate $215,000
Listed by HG Real Estate
Mar 31, 2022 Sold
Premium
Sold
Mar 30, 2022 Listed by HG Real Estate $164,900
Listed by HG Real Estate
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Bedroom Count: 2
  • 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: 504
  • Garage Type: 7
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,276
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 700
  • Total Building Area: 1,022
  • Building Area: 1,022
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,022
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VIL OF LOCKPORT CITY
  • Land Acres: 0000000190
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: E 70 FT OF LOTS 9-10 BLK 78 VIL OF LOCKPORT CITY OF 3 RIVERS.

Neighborhood

  • School District Name: Three Rivers Community Schools
  • School Tax School District: THREE RIVERS
  • Census Tract: 040200

Zoning

  • Zoning: R

Geography

  • District: 051
  • Parcel: 051-245-315-00
  • Block: 78
  • Lot: 9-10
  • Municipality: THREE RIVERS CITY
  • Latitude: 41.9319
  • Longitude: -85.6305

    Address

  • Full Address: 305 Pearl St
  • Address - House Number: 305
  • Address - Street Name: Pearl
  • Address - Suffix Type: St
  • State: MI
  • City Name: Three Rivers
  • Carrier Code: C002
  • 4-Digit Zip Code: 1969
  • Zip Code: 49093

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $82,970
  • Initial Tax Delinquent Year: 2020

    Appraisal Valuation

  • Standard Deviation: 0.359
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 28
  • Final Value: 45,737
  • High Value: 62,157
  • Low Value: 29,316

    Market Valuation

  • Market Total Value: $55,400
  • Market Land Value: $5,200
  • Market Improvement Value: $50,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $27,700
  • Assessed Land Value: $2,600
  • Assessed Improvements Value: $25,100

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 30, 2022
  • Current Sale Recording Date: Mar 31, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2731
  • Previous Sale Recording Date: Jul 09, 2021
  • Previous Sale Contract Date: Jul 09, 2021
  • Previous Sale Amount: $35,000
  • 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 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

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MichRIC

Listed by: Holley Welton-Sangalli, HG Real Estate
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25038012
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 305 Pearl Street built and last sold?
The property at 305 Pearl Street was built in 1900 and last sold on Mar 30, 2022 for $170,000.
How much is this home worth?
The estimated value of the home located at 305 Pearl Street is $0.
What are some comparable homes to 305 Pearl Street?
There are currently no comparable homes to 305 Pearl Street.
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