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Parchment 49004 Parchment
432 N Riverview Drive
$182,900
● House - Off Market

432 N Riverview Drive

Kalamazoo, MI 49004
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,248 Ft²
$1,220
Est. Monthly

About This Property

Well-Maintained Two-Story Home in Parchment Located in the center of Parchment, this two-story home offers convenience and space. Just a short walk to Kindleberger Park, Harding's Market, and local schools. The main floor includes a functional kitchen with a range and refrigerator, along with large dining and living rooms that get plenty of natural light. Upstairs features three comfortable bedrooms with hardwood floors and an updated full bathroom with ceramic tile. The finished basement adds extra living space with a rec room, a fourth bedroom with egress window, a half bath, and a laundry area with washer and dryer included. Sitting on a corner lot, the property includes a 1-car garage, carport, and some freshly painted rooms.
Unit Size
1,248 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$147
Property Type
House
Property Taxes
$322
HOA Dues
-
Year Built
1930

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Cap Rate Calculator

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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: 7 months ago (MichRIC MLS #26006340)

Price History

Date / Event Date Event Price
Apr 18, 2026 Temporarily off market -
Temporarily off market
Feb 22, 2026 In contract -
In contract
Feb 21, 2026 Temporarily off market -
Temporarily off market
Feb 18, 2026 Listed by Strong Properties, LLC $182,900
Listed by Strong Properties, LLC
Feb 12, 2026 Price Decreased $182,900
↓ $7K (3.7%)
Price Decreased
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 624
  • Garage Type: 7
  • Garage Square Area: 260
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,405
  • Lot Size Depth Feet: 440
  • Lot Size Frontage Feet: 570
  • Total Building Area: 1,248
  • Building Area: 1,248
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,248
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ELMHURST PARK
  • Land Acres: 0000000170
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: ELMHURST PARK LOT 100

Neighborhood

  • School District Name: Parchment School District
  • School Tax School District: PARCHMENT
  • Census Tract: 001300

Zoning

  • Zoning: R-T RES

Geography

  • District: 18
  • Parcel: 06-02-140-350
  • Lot: 100
  • Municipality: PARCHMENT CITY
  • Latitude: 42.3304
  • Longitude: -85.5671

    Address

  • Full Address: 432 N Riverview Dr
  • Address - House Number: 432
  • Street Direction: N
  • Address - Street Name: Riverview
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Kalamazoo
  • Carrier Code: C002
  • 4-Digit Zip Code: 1438
  • Zip Code: 49004

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $360,907
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.2035
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 72
  • Final Value: 197,704
  • High Value: 237,943
  • Low Value: 157,465

    Market Valuation

  • Market Total Value: $141,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $70,900

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 21, 2022
  • Current Sale Recording Date: Nov 02, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 34556
  • Previous Sale Recording Date: Apr 03, 2013
  • Previous Sale Contract Date: Mar 29, 2013
  • Previous Sale Amount: $79,900
  • 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 Parchment

Stats & Trends

Median Asking:

$240,000

Sale Price/ft²

$137

Below Asking

0.02%

Average Days on Market

71

Average Home Size

1248 ft²

Average Home Age

78.9 years

Currently For Sale

8 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

Unit for rent at 116 Devon Ave, MI, 49004

$1,050 /mo

  • 1 Bed
  • 1 Bath
116 Devon Ave, MI, 49004 Listing by Rick Rivera
Unit for rent at 1620 N Edwards Street, Kalamazoo, MI, 49007

$1,100 /mo

  • 2 Beds
  • 1 Bath
  • 1,220 ft²
1620 N Edwards Street #2, Kalamazoo, MI, 49007 Listing by Lindsay Flyn Flynn

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Dakota L Wiersma-Parish, Strong Properties, LLC
Last Updated: 7 months ago
Data Source: MichRIC, MLS# 26006340
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 432 North Riverview Drive built and last sold?
The property at 432 North Riverview Drive was built in 1930 and last sold on Oct 21, 2022 for $170,000.
How much is this home worth?
The estimated value of the home located at 432 North Riverview Drive is $178,198.
What are some comparable homes to 432 North Riverview Drive?
There are currently no comparable homes to 432 North Riverview Drive.
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