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Watervliet 49098
363 Riverside Drive
$210,000
● House - Off Market

363 Riverside Drive

Watervliet, MI 49098
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,120 Ft²
$1,236
Est. Monthly
7.38%
Cap Rate

About This Property

MUST SEE!! Meticulously cared for 3 bedroom ranch with no-step entrances. Open living area, easy access laundry & utility room, newer flooring & tile bath. Large concrete driveway & oversized 2 car garage provide plenty of room for the cars, boat, ATV's & more. Low maintenance yard with ample space in the back for entertaining, great for firepit, volleyball net or just simply relaxing in privacy. Very large concrete patio just off of the kitchen. Perfect for the grill & outdoor dining. Less than 1 mile to public beach and minutes from Paw Paw Lake boat launch, convenient neighborhood with sidewalks & just blocks from several parks, 18 hole golf course, kayak launch, brewery, banks & downtown restaurants, shopping & festivals. Easy access to I-94 & just minutes to Lake Michigan beaches.
Unit Size
1,120 Ft²
Days on Market
31 days
Land Size
0.21 acres
Price per sqft
$187
Property Type
House
Property Taxes
$207
HOA Dues
-
Year Built
1971

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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 #25013394)

Price History

Date / Event Date Event Price
May 5, 2025 Sold
Premium
Sold
Apr 6, 2025 In contract -
In contract
Apr 3, 2025 Listed by American Homes Real Estate $209,500
Listed by American Homes Real Estate
Mar 22, 2024 Sold
Premium
Sold
Feb 20, 2024 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • 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: 576
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,060
  • Lot Size Depth Feet: 1,370
  • Lot Size Frontage Feet: 660
  • Total Building Area: 1,120
  • Building Area: 1,120
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 1
  • Heated Square Feet: 1,120
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LOVELAND HOMEACRES
  • Land Acres: 0000000208
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 2 BLK 2 LOVELAND HOMEACRES EXC THE S 135' THEREOF

Neighborhood

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

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: 022-2
  • District: 78
  • Parcel: 78-4700-0010-01-8
  • Block: 2
  • Lot: 2
  • Municipality: WATERVLIET CITY
  • Latitude: 42.1938
  • Longitude: -86.2641

    Address

  • Full Address: 363 Riverside Dr
  • Legal Unit: 2
  • Address - House Number: 363
  • Address - Street Name: Riverside
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Watervliet
  • Carrier Code: R013
  • 4-Digit Zip Code: 8308
  • Zip Code: 49098

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $222,228

    Appraisal Valuation

  • Standard Deviation: 0.4559
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 8
  • Final Value: 136,625
  • High Value: 198,919
  • Low Value: 74,330

    Market Valuation

  • Market Total Value: $123,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $61,500

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 16, 2024
  • Current Sale Recording Date: Feb 20, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 64
  • Current Sale Input Document Number: 398342
  • Previous Sale Recording Date: Mar 26, 2018
  • Previous Sale Contract Date: Mar 23, 2018
  • Previous Sale Amount: $116,000
  • 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

57

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: Mikki Swisher, American Homes Real Estate
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25013394
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 363 Riverside Drive built and last sold?
The property at 363 Riverside Drive was built in 1971 and last sold on Feb 16, 2024 for $112,500.
How much is this home worth?
The estimated value of the home located at 363 Riverside Drive is $203,365.
What are some comparable homes to 363 Riverside Drive?
There are currently no comparable homes to 363 Riverside Drive.
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