See Home Value
Spring Arbor 49283
392 Richard Street
$210,000
● House - Off Market

392 Richard Street

Spring Arbor, MI 49283
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,120 Ft²
$1,286
Est. Monthly
8.83%
Cap Rate

About This Property

Seller is offering a $5000 concession. Updated Brick Ranch in Western Schools!

Move right in to this beautifully updated 3-bedroom ranch featuring a spacious living room, new flooring and fresh paint throughout and stylish modern lighting and fixtures. The kitchen has been tastefully updated, and the brand-new bathroom adds a fresh, contemporary touch. Major updates include a new roof with gutters (with warranty), new 200-amp electrical service and service entrance, a new furnace (also under warranty) equipped for central air, and new exterior doors. There is laundry hookup in one of the bedrooms. This home is conveniently located near schools, churches, restaurants, and shopping and offers both comfort and convenience in a highly desirable neighborhood. Don't miss your chance to own this move-in-ready gem-just unpack and enjoy. Seller will contribute $5000 toward buyers closing costs.
Unit Size
1,120 Ft²
Days on Market
107 days
Land Size
0.31 acres
Price per sqft
$192
Property Type
House
Property Taxes
$230
HOA Dues
-
Year Built
1960

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Cap Rate Calculator

Last updated: 10 months ago (MichRIC MLS #25051115)

Price History

Date / Event Date Event Price
Jan 19, 2026 Sold
Sold
Jan 16, 2026 In contract -
In contract
Dec 3, 2025 Price Decreased $215,000
↓ $5K (2.3%)
Price Decreased
Nov 5, 2025 Price Decreased $220,000
↓ $5K (2.2%)
Price Decreased
Oct 13, 2025 Price Decreased $225,000
↓ $10K (4.3%)
Price Decreased
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Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • 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: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 336
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,591
  • Lot Size Depth Feet: 1,234
  • Lot Size Frontage Feet: 1,100
  • Total Building Area: 1,120
  • Building Area: 1,120
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,120
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LATHER ESTATES SUBDIVISION
  • Land Acres: 0000000312
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 5 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: 140-12-16-402-005-00
  • Lot: 5
  • Municipality: SPRING ARBOR TWP
  • Latitude: 42.2109
  • Longitude: -84.5476

    Address

  • Full Address: 392 Richard St
  • Legal Unit: 5
  • Address - House Number: 392
  • 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: $191,905
  • Tax Rate Code Area: 15

    Appraisal Valuation

  • Standard Deviation: 0.1902
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 74
  • Final Value: 190,222
  • High Value: 226,419
  • Low Value: 154,025

    Market Valuation

  • Market Total Value: $139,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $69,600
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Spring Arbor


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Frequently Asked Questions

When was property at 392 Richard Street built and last sold?
The property at 392 Richard Street was built in 1960 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 392 Richard Street is $0.
What are some comparable homes to 392 Richard Street?
There are currently no comparable homes to 392 Richard Street.