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St. Joseph 49093
56361 Griffith Road
$240,000
● House - Off Market

56361 Griffith Road

Three Rivers, MI 49093
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,786 Ft²
$1,460
Est. Monthly
5.24%
Cap Rate
Unit Size
1,786 Ft²
Days on Market
37 days
Land Size
0.54 acres
Price per sqft
$137
Property Type
House
Property Taxes
$256
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 2 years ago (MichRIC MLS #25020989)

Price History

Date / Event Date Event Price
Jun 16, 2025 Sold
Premium
Sold
May 24, 2025 In contract -
In contract
May 10, 2025 Listed by Cressy & Everett Real Estate $245,000
Listed by Cressy & Everett Real Estate
Apr 11, 2025 No longer available -
No longer available
Mar 30, 2025 Relisted $245,000
Relisted
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Bedroom Count: 0
  • 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 Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,522
  • Lot Size Depth Feet: 2,340
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: YORK PLAT
  • Land Acres: 0000000540
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: COM NE COR LOT 15 YORK PLAT SEC 5 T6S R11W TH N 422 FT TO POB TH S 89D 49M W 234 FT TH N 100 FT TH N 89D 49M E 234 FT TH S 10

Neighborhood

  • School District Name: Three Rivers Community Schools
  • School Tax School District: THREE RIVERS
  • Census Tract: 040100

Geography

  • District: 009
  • Parcel: 009-005-002-04
  • Lot: 15
  • Meridian: SEC 05 TWN 06S RNG 11W
  • Municipality: LOCKPORT TOWNSHIP
  • Latitude: 41.9785
  • Longitude: -85.6134

    Address

  • Full Address: 56361 Griffith Rd
  • Address - House Number: 56361
  • Address - Street Name: Griffith
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Three Rivers
  • Carrier Code: R006
  • 4-Digit Zip Code: 9019
  • Zip Code: 49093

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $112,006

    Appraisal Valuation

  • Standard Deviation: 0.2484
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 65
  • Final Value: 257,552
  • High Value: 321,538
  • Low Value: 193,565

    Market Valuation

  • Market Total Value: $210,800
  • Market Land Value: $7,200
  • Market Improvement Value: $203,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $105,400
  • Assessed Land Value: $3,600
  • Assessed Improvements Value: $101,800

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 06, 2022
  • Current Sale Recording Date: May 11, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 4499
  • Previous Sale Recording Date: Apr 19, 2004
  • Previous Sale Contract Date: Apr 16, 2004
  • Previous Sale Amount: $107,500
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
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 St. Joseph

Stats & Trends

Median Asking:

$240,000

Sale Price/ft²

$153

Above Asking

0.00%

Average Days on Market

58

Average Home Size

2070 ft²

Average Home Age

73.8 years

Currently For Sale

147 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 55742 Resort Road, Three Rivers, MI, 49093

$1,250 /mo

  • 1 Bed
  • 1 Bath
  • 7,389 ft²
55742 Resort Road, Three Rivers, MI, 49093 Listing by Bonnie k Granado

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Mark E VanDusen, Cressy & Everett Real Estate
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25020989
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 56361 Griffith Road built and last sold?
The property at 56361 Griffith Road was built in and last sold on May 6, 2022 for $240,000.
How much is this home worth?
The estimated value of the home located at 56361 Griffith Road is $0.
What are some comparable homes to 56361 Griffith Road?
There are currently no comparable homes to 56361 Griffith Road.
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