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Branch 49036
387 Branch Road
$197,000
● House - Off Market

387 Branch Road

Coldwater, MI 49036
bedrooms
2 Beds
bathrooms
2 Baths
square feet
2,468 Ft²
$1,121
Est. Monthly
5.13%
Cap Rate

About This Property

Sitting on a generously sized corner lot is this spacious two bedroom home with open concept living! In 2013 the majority of this house was rebuilt and is now ready for new owners to enjoy. You'll love the inground pool in the summer and have plenty of space for entertaining in the full finished basement! Book your showing today and make this house your new home!
Unit Size
2,468 Ft²
Days on Market
-
Land Size
0.50 acres
Price per sqft
$80
Property Type
House
Property Taxes
$153
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #24025278)

Price History

Date / Event Date Event Price
May 21, 2024 Sold
Premium
Sold
May 17, 2024 Listed by RE/MAX Perrett Associates - Marshall $197,000
Listed by RE/MAX Perrett Associates - Marshall
Nov 10, 2023 No longer available -
No longer available
Oct 21, 2023 Listed by Advanced Track Real Estate $197,000
Listed by Advanced Track Real Estate
Sitting on a generously sized corner lot is this spacious two bedroom home with open concept living! In 2013 the majority of this house was rebuilt and is now ready for new owners to enjoy. Plenty of space for entertaining from the underground pool to the full basement! Book your showing today and make this house your new home! The manager has listed the unit size as 2468 square feet.
Sep 13, 2005 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Bedroom Count: 0
  • 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 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
  • Lot Size Depth Feet: 1,650
  • Lot Size Frontage Feet: 1,310
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLEASANT ACRES
  • Land Acres: 0000000500
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 9 PLEASANT ACRES SEC 19 T6S R6W

Neighborhood

  • School District Name: Coldwater Community Schools
  • School Tax School District: COLDWATER
  • Census Tract: 950300

Zoning

  • Zoning: R2

Geography

  • District: 070
  • Parcel: 070-P50-000-009-00
  • Lot: 9
  • Meridian: SEC 19 TWN 06S RNG 06W
  • Municipality: COLDWATER TWP
  • Latitude: 41.9409
  • Longitude: -85.0542

    Address

  • Full Address: 387 Branch Rd
  • Address - House Number: 387
  • Address - Street Name: Branch
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Coldwater
  • Carrier Code: R009
  • 4-Digit Zip Code: 9726
  • Zip Code: 49036

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $72,952
  • Initial Tax Delinquent Year: 2020
  • Tax Rate Code Area: 070

    Appraisal Valuation

  • Standard Deviation: 0.261
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 62
  • Final Value: 194,887
  • High Value: 245,766
  • Low Value: 144,008

    Market Valuation

  • Market Total Value: $165,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $82,700

    Sales

  • Current Sale Contract Date: Sep 09, 2005
  • Current Sale Recording Date: Sep 13, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 08188
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 Branch

Stats & Trends

Median Asking:

$249,900

Sale Price/ft²

$164

Below Asking

0.03%

Average Days on Market

60

Average Home Size

2018 ft²

Average Home Age

63.4 years

Currently For Sale

116 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: Breanne Speer, RE/MAX Perrett Associates - Marshall
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24025278
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 387 Branch Road built and last sold?
The property at 387 Branch Road was built in and last sold on Sep 9, 2005 for $128,000.
How much is this home worth?
The estimated value of the home located at 387 Branch Road is $216,137.
What are some comparable homes to 387 Branch Road?
There are currently no comparable homes to 387 Branch Road.
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