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Three Oaks 49128
308 CHERRY Street
$52,000
● House - Off Market

308 CHERRY Street

Three Oaks, MI 49128
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,078 Ft²
$99,054
RealtyHop Estimate
70.78%
Since Jun 1, 2016
National-US
Primary Model

About This Property

4 bedroom vintage home in downtown Three Oaks.  Original hardwood floors and trim work.  Large .4 acre lot with 2+ car detached garage plus additional single stall garage/workspace.  2010 furnace.  Just under 1100 square feet and just steps from the thriving downtown a business district.  Come update this home to your heart's delight.  Restore original beauty and make it your own. Desirable location close to everything in downtown Three Oaks.  Close to schools, churches, shopping, restaurants, beaches, parks, golf and more.
Unit Size
1,078 Ft²
Days on Market
-
Land Size
0.40 acres
Price per sqft
$54
Property Type
House
Property Taxes
$90
HOA Dues
-
Year Built
1890

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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: 3 years ago (MichRIC MLS #16017618)

Price History

Date / Event Date Event Price
Jul 3, 2019 Sold
Premium
Sold
May 27, 2016 Sold
Premium
Sold
Apr 20, 2016 Listed by RE/MAX by the Lake $58,000
Listed by RE/MAX by the Lake

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1890
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 1
  • 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: 17,424
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 1,320
  • Total Building Area: 1,572
  • Building Area: 1,572
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,572
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THE VILLAGE OF THREE OAKS
  • Land Acres: 0000000400
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOTS 70 & 71 VILLAGE OF THREE OAKS

Neighborhood

  • School District Name: River Valley School District
  • School Tax School District: RIVER VALLEY
  • Census Tract: 011400

Geography

  • Assessors Map Reference: 002-4
  • District: 47
  • Parcel: 47-0340-0070-02-5
  • Lot: 70-71
  • Municipality: THREE OAKS TWP
  • Latitude: 41.8046
  • Longitude: -86.6084

    Address

  • Full Address: 308 Cherry St
  • Address - House Number: 308
  • Address - Street Name: Cherry
  • Address - Suffix Type: St
  • State: MI
  • City Name: Three Oaks
  • Carrier Code: C002
  • 4-Digit Zip Code: 1014
  • Zip Code: 49128

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $138,777
  • Initial Tax Delinquent Year: 2016

    Appraisal Valuation

  • Standard Deviation: 0.3106
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 37
  • Final Value: 144,006
  • High Value: 188,741
  • Low Value: 99,270

    Market Valuation

  • Market Total Value: $216,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $108,400

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 28, 2019
  • Current Sale Recording Date: Jul 03, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Jul 03, 2019
  • Previous Sale Amount: $100,000
  • 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 Oaks

Stats & Trends

Median Asking:

$379,000

Sale Price/ft²

$243

Below Asking

0.06%

Average Days on Market

82

Average Home Size

1819 ft²

Average Home Age

85.5 years

Currently For Sale

14 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: Lars A Petzke, RE/MAX by the Lake
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 16017618
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 308 Cherry Street built and last sold?
The property at 308 Cherry Street was built in 1890 and last sold on Jun 28, 2019 for $100,000.
How much is this home worth?
The estimated value of the home located at 308 Cherry Street is $69,357.
What are some comparable homes to 308 Cherry Street?
There are currently no comparable homes to 308 Cherry Street.
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