When was property at 388 Richard Street built and last sold?

The property at 388 Richard Street was built in 1965 and last sold on Jan 1, 1970 for $0.

How much is this home worth?

The estimated value of the home located at 388 Richard Street is $281,168.

What are some comparable homes to 388 Richard Street?

There are currently no comparable homes to 388 Richard Street.

Spring Arbor

49283

388 Richard Street

$250,000

● House - Off Market

388 Richard Street

Spring Arbor, MI 49283

3 Beds

1 Bath, 1 Half Bath

2,660 Ft²

$1,522

Est. Monthly

11.23%

Cap Rate

About This Property

WESTERN SCHOOLS!!

This home is located in a Lathers subdivision in Spring Arbor, Mi. This home offers 1,560 sq.ft of living space on the main floor with an open floor plan for a home that was built in 1965. Spacious kitchen with an attached dining space, two living rooms, one with a wood burning fireplace that leads to a back private deck, 3 nice size bedrooms with a full bath and a half bath all on the main level. The lower level is also 1560 sq.ft. that is partially finished with about 1000 sq.ft. for all of your entertaining needs. The rest of the basement can be closed off with double doors has all the mechanicals, laundry and a huge amount of space for all of your storage needs. Two car attached garage with paved driveway. This home has some serious potential! Make this home yours!!

Unit Size

2,660 Ft²

Days on Market

52 days

Land Size

0.32 acres

Price per sqft

$100

Property Type

House

Property Taxes

$221

HOA Dues

Year Built

1965

Payment Calculator

Cap Rate Calculator

Last updated: 2 years ago (MichRIC MLS #25024153)

Price History

Date / Event	Date	Event
Jul 16, 2025	Sold	Premium
Sold
Jun 14, 2025	In contract	-
In contract
May 25, 2025	Listed by Home 1st Real Estate	$264,900
Listed by Home 1st Real Estate

Property Highlights

Garage

Air Conditioning

Fireplace

Building Info

Overview

General

Year Built: 1965

Effective Year Built: 1965
Building Count: 1
Bedroom Count: 0
Bathroom Count: 2
Full Bathrooms: 1
Partial Bathrooms: 2
Building Condition: 0
Building Quality: 7
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: 9
Basement Area: 1,560
Garage Type: 7
Garage Square Area: 528
Parking Space Count: 2
Patio Type: 0
Porch Type: 0
Pool Type: 0

Dimensions

Lot Size Square Feet: 13,896

Lot Size Depth Feet: 1,261
Lot Size Frontage Feet: 1,100
Total Building Area: 1,560
Building Area: 1,560
Building Area Measurement: L

Heating and Cooling

Fireplace Count: 1

Air Conditioning: 0
Heating: 4
Heated Square Feet: 1,560
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: LATHER ESTATES SUBDIVISION
Land Acres: 0000000319
Standard Land Use Code: 1001
County Land Use Code: 401
Legal Description 1: LOT 7 LATHER ESTATES SUBDIVISION

Neighborhood

School District Name: Western School District

School Tax School District: 38010
Census Tract: 005400

Zoning

Zoning: RS-1

Geography

Assessors Map Reference: MAPS 0

District: 15
Parcel: 140-12-16-402-007-00
Lot: 7
Municipality: SPRING ARBOR TWP
Latitude: 42.2109
Longitude: -84.5485

Address

Full Address: 388 Richard St

Legal Unit: 7
Address - House Number: 388
Address - Street Name: Richard
Address - Suffix Type: St
State: MI
City Name: Spring Arbor
Carrier Code: R082
4-Digit Zip Code: 9604
Zip Code: 49283

Valuation

Tax

Tax Year: 2023

Tax Amount: $155,299
Tax Rate Code Area: 15

Appraisal Valuation

Standard Deviation: 0.2514

Valuation Date: Nov 15, 2023
Confidence Score: 64
Final Value: 242,407
High Value: 303,372
Low Value: 181,442

Market Valuation

Market Total Value: $202,000

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $101,000

Exemptions

Homeowner Exemption: Yes

Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Spring Arbor

Stats & Trends

Median Asking:

$299,900

Sale Price/ft²

$155

Below Asking

0.01%

Average Days on Market

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

Currently no nearby rentals

Listed by: JEFF REDMAN, Home 1st Real Estate
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25024153

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.

388 Richard Street

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Zoning

Geography

Valuation

Comparables

About Spring Arbor

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions