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Watervliet 49098
431 Riverside Drive
$178,000
● House - Off Market

431 Riverside Drive

Watervliet, MI 49098
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,702 Ft²
$1,153
Est. Monthly
5.22%
Cap Rate

About This Property

Location is key for this solid brick home with unique charm, just a few blocks from gorgeous Paw Paw Lake & the Paw Paw River! Brand new carpeting in the two main level bedrooms and a nicely updated bathroom. Upstairs is a bonus room which would make a great office, craft room or gaming area. Main floor laundry & living room just off the large kitchen, with wonderful counter and cabinet space. Extraordinary family room is huge, with brick walls, wooden ceiling & a custom fireplace...a natural gathering place for celebrations with your loved ones. Spacious fenced back yard has ample room for gardening and relaxing. Beautiful flowering tree in front. Conveniently close to schools, healthcare, parks & restaurants. Only 15 minutes from Lake Michigan + easy access to I-94.
Unit Size
1,702 Ft²
Days on Market
87 days
Land Size
0.30 acres
Price per sqft
$108
Property Type
House
Property Taxes
$249
HOA Dues
-
Year Built
1965

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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: 10 months ago (MichRIC MLS #24040020)

Price History

Date / Event Date Event Price
Oct 28, 2024 Sold
Premium
Sold
Oct 14, 2024 In contract -
In contract
Sep 29, 2024 No longer available -
No longer available
Aug 2, 2024 Listed by Cressy & Everett Real Estate $184,000
Listed by Cressy & Everett Real Estate
Jul 6, 2020 Sold
Premium
Sold
Show More

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • 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: 9
  • Basement Area: 1,556
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,068
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 990
  • Total Building Area: 1,556
  • Building Area: 1,556
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,556
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LOVELAND HOMEACRES
  • Land Acres: 0000000300
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 5 BLK 1 LOVELAND HOMEACRES CITY OF WATERVLIET EXC THE S 140' THEREOF ALSO PT OF LOT 6 BLK 1 SD PLAT DES AS COM 33' W OF

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: 78-4700-0005-00-6
  • Block: 1
  • Lot: 5-6
  • Municipality: WATERVLIET CITY
  • Latitude: 42.1939
  • Longitude: -86.2653

    Address

  • Full Address: 431 Riverside Dr
  • Legal Unit: 5,6,6
  • Address - House Number: 431
  • Address - Street Name: Riverside
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Watervliet
  • Carrier Code: R013
  • 4-Digit Zip Code: 9333
  • Zip Code: 49098

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $268,461

    Appraisal Valuation

  • Standard Deviation: 0.3113
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 37
  • Final Value: 112,036
  • High Value: 146,922
  • Low Value: 77,149

    Market Valuation

  • Market Total Value: $127,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $63,900

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 17, 2020
  • Current Sale Recording Date: Jul 06, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Jul 06, 2020
  • Previous Sale Amount: $125,000
  • 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 Watervliet

Stats & Trends

Median Asking:

$215,000

Sale Price/ft²

$147

Below Asking

0.01%

Average Days on Market

50

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: Cynthia Trapp, Cressy & Everett Real Estate
Last Updated: 10 months ago
Data Source: MichRIC, MLS# 24040020
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 431 Riverside Drive built and last sold?
The property at 431 Riverside Drive was built in 1965 and last sold on Jun 17, 2020 for $125,000.
How much is this home worth?
The estimated value of the home located at 431 Riverside Drive is $0.
What are some comparable homes to 431 Riverside Drive?
There are currently no comparable homes to 431 Riverside Drive.
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