For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Spring Arbor 49283
7131 King Road
$320,000
● House - Off Market

7131 King Road

Spring Arbor, MI 49283
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,475 Ft²
$1,922
Est. Monthly
10.83%
Cap Rate

About This Property

Welcome to this beautiful custom built original owner home with 4 bedrooms and 3 full bathrooms!  The primary bedroom features a walk-in closet & updated bathroom with newly tiled shower. The large maintenance free composite deck is a great addition with views of the private backyard. Other features include gas fireplace, new jacuzzi tub, new flooring, & newer quartz kitchen counters and sink. The private, enclosed hot tub area on the deck adds a touch of luxury and comfort. The walk-out basement equipped with a kitchen, a living area, a bedroom, and a bathroom could make the basement suitable for use as additional living space or guest suite. The golf practice area in the basement is a unique and fun feature for golf enthusiasts. One year HSA home warranty for the buyer included.
Unit Size
2,475 Ft²
Days on Market
-
Land Size
1.13 acres
Price per sqft
$135
Property Type
House
Property Taxes
$278
HOA Dues
-
Year Built
1995

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 3 years ago (MichRIC MLS #23030573)

Price History

Date / Event Date Event Price
Apr 26, 2024 Sold
Premium
Sold
Aug 18, 2023 Listed by HOWARD HANNA REAL ESTATE SERVI $334,900
Listed by HOWARD HANNA REAL ESTATE SERVI
Apr 3, 1995 Sold
Premium
Sold
Jan 1, 1994 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,650
  • 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: 49,223
  • Lot Size Depth Feet: 2,750
  • Lot Size Frontage Feet: 1,800
  • Total Building Area: 1,650
  • Building Area: 1,650
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,650
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001130
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: BEG AT NE COR OF SEC 16 TH W ALG N SEC LN 654.55 FT TO A PT FOR PL OF BEG OF THIS DESCN TH CONTINUING W ALG N SEC LN 180 FT

Neighborhood

  • School District Name: Western School District
  • School Tax School District: 38010
  • Census Tract: 005400

Zoning

  • Zoning: RS-1

Geography

  • Assessors Map Reference: MAPS
  • District: 15
  • Parcel: 000-12-16-226-001-05
  • Meridian: SEC 16 TWN 03S RNG 02W
  • Municipality: SPRING ARBOR TWP
  • Latitude: 42.2181
  • Longitude: -84.5439

    Address

  • Full Address: 7131 King Rd
  • Address - House Number: 7131
  • Address - Street Name: King
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Spring Arbor
  • Carrier Code: R081
  • 4-Digit Zip Code: 9790
  • Zip Code: 49283

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $211,360
  • Tax Rate Code Area: 15

    Appraisal Valuation

  • Standard Deviation: 0.111
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 88
  • Final Value: 330,391
  • High Value: 367,079
  • Low Value: 293,702

    Market Valuation

  • Market Total Value: $232,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $116,400

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 03, 1995
  • Current Sale Recording Date: Apr 03, 1995
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jan 01, 1994
  • Previous Sale Contract Date: Jan 01, 1994
  • Previous Sale Amount: $13,000
  • 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 Spring Arbor

Stats & Trends

Median Asking:

$299,900

Sale Price/ft²

$155

Below Asking

0.01%

Average Days on Market

46

Average Home Size

1378 ft²

Average Home Age

53.3 years

Currently For Sale

3 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

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: HILLARY KNAPP, HOWARD HANNA REAL ESTATE SERVI
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 23030573
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 7131 King Road built and last sold?
The property at 7131 King Road was built in 1995 and last sold on Apr 3, 1995 for $15,000.
How much is this home worth?
The estimated value of the home located at 7131 King Road is $338,249.
What are some comparable homes to 7131 King Road?
There are currently no comparable homes to 7131 King Road.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Spring Arbor Homes for Sale
Spring Arbor Houses for Sale
Spring Arbor Condos for Sale
Spring Arbor Multifamily for Sale
Spring Arbor Land for Sale
Spring Arbor Commercial for Sale
Spring Arbor Homes with Basements
Spring Arbor Homes with Pools
Nearby Cities
Jackson Homes for Sale
Vandercook Lake Homes for Sale
Concord Homes for Sale
Parma Homes for Sale
Hanover Homes for Sale
Nearby Property Records
Jackson County, MI Property Records
Hillsdale County, MI Property Records
Calhoun County, MI Property Records
Eaton County, MI Property Records
Ingham County, MI Property Records
Branch County, MI Property Records
Washtenaw County, MI Property Records
Lenawee County, MI Property Records
Nearby Counties
Jackson Homes for Sale
Summit Homes for Sale
Blackman Homes for Sale
Liberty Homes for Sale
Hanover Homes for Sale
Sandstone Homes for Sale
Concord Homes for Sale
Parma Homes for Sale
Top Real Estate Agents
Top Agents in Spring Arbor
Top Agents in 49201
Top Agents in 49203
Top Agents in Jackson
Top Agents in Jackson
Top Agents in Summit
Top Agents in 49202
Top Agents in Blackman