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Spring Arbor 49283
3831 CHAPEL RD
$65,000
● House - Off Market

3831 CHAPEL RD

Spring Arbor, MI 49283
bedrooms
2 Beds
bathrooms
1 Bath
square feet
800 Ft²
$75,009
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

You won't find a house like this anywhere else. Western schools, just up the street from the new Spring Arbor Township bike path, surrounded by Spring Arbor University housing and parking. All that for $64,900! This 2 bedroom, 1 bathroom house with washer/dryer, range, and refrigerator included is ready for you to move in. Thinking about starting your property investment journey? This home could be rented out DAYS after you purchase!
Unit Size
800 Ft²
Days on Market
-
Land Size
0.50 acres
Price per sqft
$81
Property Type
House
Property Taxes
$80
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: 3 years ago (MichRIC MLS #21096329)

Price History

Date / Event Date Event Price
Aug 4, 2021 Sold
Premium
Sold
Jun 23, 2021 Listed by EXIT REALTY 1ST LLC $64,900
Listed by EXIT REALTY 1ST LLC
Dec 17, 2013 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 10
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,780
  • Total Building Area: 800
  • Building Area: 800
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 800
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000500
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: W 1/2 OF A PCL OF LD DESCD AS---THE S 5 1/3 RDS OF THE N 50 2/3 RDS OFW 30 RDS OF SW 1/4 OF SW 1/4. SEC 16 T3S R2W .5A

Neighborhood

  • School District Name: Western School District
  • School Tax School District: 38010
  • Census Tract: 005400

Zoning

  • Zoning: RS-1

Geography

  • Assessors Map Reference: MAPS
  • District: 15
  • Parcel: 000-12-16-351-021-00
  • Meridian: SEC 16 TWN 03S RNG 02W
  • Municipality: SPRING ARBOR TWP
  • Latitude: 42.2053
  • Longitude: -84.5597

    Address

  • Full Address: 3831 Chapel Rd
  • Address - House Number: 3831
  • Address - Street Name: Chapel
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Spring Arbor
  • Carrier Code: R081
  • 4-Digit Zip Code: 9770
  • Zip Code: 49283

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $74,716
  • Tax Rate Code Area: 15

    Appraisal Valuation

  • Standard Deviation: 0.2418
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 66
  • Final Value: 101,833
  • High Value: 126,459
  • Low Value: 77,206

    Market Valuation

  • Market Total Value: $72,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $36,100

    Sales

  • Current Sale Contract Date: Jul 29, 2021
  • Current Sale Recording Date: Aug 04, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2890774
  • Previous Sale Recording Date: Jul 14, 2021
  • Previous Sale Contract Date: Jul 09, 2021
  • Previous Sale Amount: $30,000
  • 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 Spring Arbor

Stats & Trends

Median Asking:

$299,900

Sale Price/ft²

$155

Below Asking

0.01%

Average Days on Market

46

Average Home Size

1378 ft²

Average Home Age

53.3 years

Currently For Sale

3 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: Benjamin Kono, EXIT REALTY 1ST LLC
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21096329
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 3831 Chapel Road built and last sold?
The property at 3831 Chapel Road was built in and last sold on Jul 29, 2021 for $65,000.
How much is this home worth?
The estimated value of the home located at 3831 Chapel Road is $0.
What are some comparable homes to 3831 Chapel Road?
There are currently no comparable homes to 3831 Chapel Road.
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