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Bridgman 49106
4928 Spring Street
$349,000
● House - Off Market

4928 Spring Street

Bridgman, MI 49106
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,560 Ft²
$1,875
Est. Monthly
8.56%
Cap Rate

About This Property

Charming secluded home set on 7 plus acres in Bridgman wooded dunes. This three bedroom two bath home has property that backs up to Weko Dunes and is a short walking distance to Weko Beach on Lake Michigan. This is a vintage home complete with Knotty Pine walls and ceilings, den, screened porch, large deck system and a 2 car garage. You have to see this secluded and vintage home to believe it. A Turn-Key opportunity is available.
Unit Size
1,560 Ft²
Days on Market
-
Land Size
7.09 acres
Price per sqft
$224
Property Type
House
Property Taxes
$161
HOA Dues
-
Year Built
1930

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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: 2 years ago (MichRIC MLS #14040991)

Price History

Date / Event Date Event Price
Mar 11, 2016 Sold
Premium
Sold
Dec 18, 2015 Listed by Coldwell Banker Anchor R.E. $249,000
Listed by Coldwell Banker Anchor R.E.
7 Acres! and within walking distance to Lake Michigan and premier, secluded Weko Beach! If you are looking for a unique get away that is close to Chicago or South Bend, this could be it! 4 bedrooms, 2 full baths, hot tub, decks, wooded acreage-- doesn't get much better and the price has been reduced for a quick sale! Won't you join us in Pure Michigan?!!
Jul 18, 2014 Listed by Berkshire Hathaway HomeServices Chicago $349,000
Listed by Berkshire Hathaway HomeServices Chicago

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • 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: 672
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 31,668
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 2,640
  • Total Building Area: 1,397
  • Building Area: 1,397
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,397
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SULPHUR SPRINGS PARK
  • Land Acres: 0000000727
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOTS 26, 27, 28 & 29 SULPHER SPRINGS PARK

Neighborhood

  • School District Name: Bridgman Public Schools
  • School Tax School District: BRIDGMAN
  • Census Tract: 011102

Zoning

  • Zoning: RL

Geography

  • Assessors Map Reference: 124-2
  • District: 56
  • Parcel: 56-7250-0026-01-6
  • Lot: 26-29
  • Municipality: BRIDGMAN CITY
  • Latitude: 41.9381
  • Longitude: -86.5721

    Address

  • Full Address: 4928 Spring St
  • Address - House Number: 4928
  • Address - Street Name: Spring
  • Address - Suffix Type: St
  • State: MI
  • City Name: Bridgman
  • Zip Code: 49106

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $285,956

    Appraisal Valuation

  • Standard Deviation: 0.2449
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 65
  • Final Value: 346,218
  • High Value: 431,040
  • Low Value: 261,397

    Market Valuation

  • Market Total Value: $208,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $104,200
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 Bridgman

Stats & Trends

Median Asking:

$269,950

Sale Price/ft²

$205

Below Asking

0.03%

Average Days on Market

50

Average Home Size

2234 ft²

Average Home Age

48.7 years

Currently For Sale

6 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

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MichRIC

Listed by: John R Page, Berkshire Hathaway HomeServices Chicago
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 14040991
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 4928 Spring Street built and last sold?
The property at 4928 Spring Street was built in 1930 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 4928 Spring Street is $0.
What are some comparable homes to 4928 Spring Street?
There are currently no comparable homes to 4928 Spring Street.
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