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St. Joseph 49093
56888 Bow Drive
$124,000
● House - Off Market

56888 Bow Drive

Three Rivers, MI 49093
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,727 Ft²
$226,203
RealtyHop Estimate
77.41%
Since Dec 1, 2015
National-US
Primary Model

About This Property

Tamarac charmer on large corner lot with plenty of room. Not far from US 131, shopping, movies and in great highly desireable neighborhood. New septic system in Oct 14, shingles less than 5 years old, finished basement with bed and bath, newer flooring and front & back doors Newer kitchen counter tops & central air. Newer furnace, Anderson bow window, replacement vinyl windows and more! Nice landscaping completes this house so is ready to move into. Pull up your stool to the kitchen breakfast bar overlooking the spacious corner lot and enjoy this updated Tamarac home.
Unit Size
1,727 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$74
Property Type
House
Property Taxes
$105
HOA Dues
-
Year Built
-

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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 #15008617)

Price History

Date / Event Date Event Price
Aug 23, 2022 Sold
Premium
Sold
Jul 7, 2022 Listed by Berkshire Hathaway HomeServices Michigan Real Estate $249,900
Listed by Berkshire Hathaway HomeServices Michigan Real Estate
Nov 25, 2015 Sold
Premium
Sold
Mar 2, 2015 Listed by Berkshire Hathaway HomeServices Michigan Real Estate $127,500
Listed by Berkshire Hathaway HomeServices Michigan Real Estate
May 23, 2007 Sold
Premium
Sold

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: 17,424
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 1,166
  • 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: PLAT OF TAMARAC
  • Land Acres: 0000000400
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 42 & S 16.64 FT OF LOT 43 PLAT OF TAMARAC. SEC 5 T6S R11W.

Neighborhood

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

Geography

  • District: 009
  • Parcel: 009-333-042-00
  • Lot: 42,43
  • Meridian: SEC 05 TWN 06S RNG 11W
  • Municipality: LOCKPORT TOWNSHIP
  • Latitude: 41.9709
  • Longitude: -85.6224

    Address

  • Full Address: 56888 Bow Dr
  • Address - House Number: 56888
  • Address - Street Name: Bow
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Three Rivers
  • Carrier Code: R004
  • 4-Digit Zip Code: 9011
  • Zip Code: 49093

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $109,244

    Appraisal Valuation

  • Standard Deviation: 0.2578
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 63
  • Final Value: 269,415
  • High Value: 338,885
  • Low Value: 199,945

    Market Valuation

  • Market Total Value: $205,600
  • Market Land Value: $28,200
  • Market Improvement Value: $177,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $102,800
  • Assessed Land Value: $14,100
  • Assessed Improvements Value: $88,700

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 19, 2022
  • Current Sale Recording Date: Aug 23, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7453
  • Previous Sale Recording Date: Nov 25, 2015
  • Previous Sale Contract Date: Nov 20, 2015
  • Previous Sale Amount: $124,000
  • 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 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

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MichRIC

Listed by: Garrett Hall, Berkshire Hathaway HomeServices Michigan Real Estate
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 15008617
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 56888 Bow Drive built and last sold?
The property at 56888 Bow Drive was built in and last sold on Aug 19, 2022 for $259,000.
How much is this home worth?
The estimated value of the home located at 56888 Bow Drive is $0.
What are some comparable homes to 56888 Bow Drive?
There are currently no comparable homes to 56888 Bow Drive.
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