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Portage 49002
331 Gingham Avenue
$255,000
● House - Off Market

331 Gingham Avenue

Portage, MI 49002
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,138 Ft²
$1,511
Est. Monthly
5.36%
Cap Rate

About This Property

Wonderful ranch home w updated kitchen and great floor plan. This home is located within easy access to all that Portage has to offer and is situated on a lot with open nature areas behind it w beautiful sunsets and great privacy. This 3 br 2 full bath home includes a family room that opens nicely to the eat in kitchen. 3 nice bedrooms and a great primary bath complete the main floor with updated Anderson windows and genuine hardwood floor under the carpet.

Great multi-use basement that is partially fnished including a huge full bath and walk out to the beautiful backyard. This home offers beautiful views out almost every window and the convenient location close to schools , shopping, restaurants and walking trails.
Unit Size
2,138 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$117
Property Type
House
Property Taxes
$283
HOA Dues
-
Year Built
1959

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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 #24005747)

Price History

Date / Event Date Event Price
Feb 27, 2024 Sold
Premium
Sold
Feb 2, 2024 Listed by Jaqua, REALTORS $249,900
Listed by Jaqua, REALTORS

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,488
  • Garage Type: 7
  • Garage Square Area: 1,152
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 8
  • Pool Type: 9

    Dimensions

  • Lot Size Square Feet: 14,375
  • Lot Size Depth Feet: 1,740
  • Lot Size Frontage Feet: 830
  • Total Building Area: 1,488
  • Building Area: 1,488
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,488
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MORRENS PLAT #1
  • Land Acres: 0000000330
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: MORRENS PLAT #1 LOT 76

Neighborhood

  • School District Name: Portage Public Schools
  • School Tax School District: PORTAGE
  • Census Tract: 002104

Zoning

  • Zoning: R-1B

Geography

  • District: 10
  • Parcel: 10-05521-076-O
  • Lot: 76
  • Municipality: PORTAGE CITY
  • Latitude: 42.1812
  • Longitude: -85.5865

    Address

  • Full Address: 331 Gingham Ave
  • Address - House Number: 331
  • Address - Street Name: Gingham
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Portage
  • Carrier Code: C006
  • 4-Digit Zip Code: 7035
  • Zip Code: 49002

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $298,609

    Appraisal Valuation

  • Standard Deviation: 0.2038
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 72
  • Final Value: 273,014
  • High Value: 328,670
  • Low Value: 217,358

    Market Valuation

  • Market Total Value: $194,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $97,400

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 23, 2024
  • Current Sale Recording Date: Feb 27, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 4576
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 Portage

Stats & Trends

Median Asking:

$325,000

Sale Price/ft²

$161

Below Asking

0.01%

Average Days on Market

47

Average Home Size

2089 ft²

Average Home Age

44.7 years

Currently For Sale

126 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: Tim A Cashen, Jaqua, REALTORS
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24005747
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 331 Gingham Avenue built and last sold?
The property at 331 Gingham Avenue was built in 1959 and last sold on Feb 23, 2024 for $255,000.
How much is this home worth?
The estimated value of the home located at 331 Gingham Avenue is $0.
What are some comparable homes to 331 Gingham Avenue?
There are currently no comparable homes to 331 Gingham Avenue.
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