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Three Rivers 49093
622 Oak Street
$118,000
● House - Off Market

622 Oak Street

Three Rivers, MI 49093
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,992 Ft²
$892
Est. Monthly
17.52%
Cap Rate

About This Property

Bring your vision and make this charming 4 bed, 2 bath home your dream residence. This property offers ample space for a growing family or those who love to entertain. The home boasts a generous floor plan, including a large living area, a cozy kitchen, and well-proportioned bedrooms. This home presents a fantastic opportunity to add your personal touch and TLC. The bones are solid, with good-sized rooms, plenty of natural light, and a functional layout. The outdoor space features a nice backyard, perfect for gardening, play, or future landscaping projects. Located close to schools, parks, shopping and dining, it's a convenient location with everything you need just minutes away. Don't miss the chance to make this house your home. Schedule a showing today and imagine the possibilities!
Unit Size
1,992 Ft²
Days on Market
52 days
Land Size
0.19 acres
Price per sqft
$68
Property Type
House
Property Taxes
$229
HOA Dues
-
Year Built
1932

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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 #24043853)

Price History

Date / Event Date Event Price
Dec 23, 2024 Sold
Premium
Sold
Dec 13, 2024 In contract -
In contract
Nov 1, 2024 Relisted $130,000
Relisted
Nov 1, 2024 Price Increased $135,000
↑ $5K (3.9%)
Price Increased
Oct 16, 2024 In contract -
In contract
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1932
  • Effective Year Built: 1932
  • Bedroom Count: 4
  • 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: 150
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,048
  • Garage Type: 7
  • Garage Square Area: 624
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,276
  • Lot Size Depth Feet: 1,280
  • Lot Size Frontage Feet: 660
  • Total Building Area: 1,880
  • Building Area: 1,880
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,880
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CITY OF THREE RIVERS
  • Land Acres: 0000000190
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 12 BLK 35. CITY OF THREERIVERS.

Neighborhood

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

Zoning

  • Zoning: R

Geography

  • District: 051
  • Parcel: 051-145-354-00
  • Block: 35
  • Lot: 12
  • Municipality: THREE RIVERS CITY
  • Latitude: 41.9535
  • Longitude: -85.6389

    Address

  • Full Address: 622 Oak St
  • Address - House Number: 622
  • Address - Street Name: Oak
  • Address - Suffix Type: St
  • State: MI
  • City Name: Three Rivers
  • Carrier Code: C006
  • 4-Digit Zip Code: 2404
  • Zip Code: 49093

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $168,455
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.108
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 89
  • Final Value: 132,945
  • High Value: 147,316
  • Low Value: 118,573

    Market Valuation

  • Market Total Value: $108,200
  • Market Land Value: $6,000
  • Market Improvement Value: $102,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $54,100
  • Assessed Land Value: $3,000
  • Assessed Improvements Value: $51,100

    Sales

  • Current Sale Contract Date: Mar 09, 2017
  • Current Sale Recording Date: Mar 24, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 64
  • Previous Sale Recording Date: Nov 18, 2013
  • Previous Sale Contract Date: Nov 15, 2013
  • Previous Sale Amount: $58,000
  • 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 Three Rivers

Stats & Trends

Median Asking:

$184,900

Sale Price/ft²

$134

Below Asking

0.03%

Average Days on Market

65

Average Home Size

1969 ft²

Average Home Age

61.7 years

Currently For Sale

29 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: Natasha R Anderson, Berkshire Hathaway HomeServices MI
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24043853
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 622 Oak Street built and last sold?
The property at 622 Oak Street was built in 1932 and last sold on Mar 9, 2017 for $60,358.
How much is this home worth?
The estimated value of the home located at 622 Oak Street is $142,480.
What are some comparable homes to 622 Oak Street?
There are currently no comparable homes to 622 Oak Street.
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