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Three Rivers 49093
716 Spring Street
$190,000
● House - Off Market

716 Spring Street

Three Rivers, MI 49093
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,512 Ft²
$192,502
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model

About This Property

''Never on the market'' home is a one of a kind in city of Three Rivers. This .78 acre lot is set on St Joseph River with approx. 225 feet of frontage, has newer 2 stall garage, boat house, she-shed/man-barn, fully fenced in yard, whole home generator and more! Two beds on main level, two on the upper level make this a spacious home with upper landing, generous sized living room, a dining room, front porch and original kitchen that is frankly... pretty darn cool! Check out pics on this solidly build, well cared for home. Since current owner has owned, discovered hard wood floors underneath one rooms carpet and installed a new roof in Oct 2021. Must see house! *Property is subject to easement project. Listing office can provide upon request. Buyer to satisfy themselves upon condition review
Unit Size
1,512 Ft²
Days on Market
-
Land Size
0.78 acres
Price per sqft
$126
Property Type
House
Property Taxes
$164
HOA Dues
-
Year Built
1900

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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 #21115887)

Price History

Date / Event Date Event Price
Apr 25, 2022 Sold
Premium
Sold
Nov 19, 2021 Listed by Berkshire Hathaway HomeServices Michigan Real Estate $189,900
Listed by Berkshire Hathaway HomeServices Michigan Real Estate
May 19, 2021 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • 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: 1,008
  • Garage Type: 7
  • Garage Square Area: 288
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 32,670
  • Lot Size Depth Feet: 2,346
  • Lot Size Frontage Feet: 1,400
  • Total Building Area: 1,584
  • Building Area: 1,584
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,584
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: KINGS THIRD ADDITION
  • Land Acres: 0000000750
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOTS 84 & 85 KINGS THIRD ADDITION TO CITY OF THREE RIVERS. ALSO COM SW COR LOT 92 KING'S RESUB TH S 30 FT TH E 155 FT TO POB

Neighborhood

  • School District Name: Three Rivers Community Schools
  • School Tax School District: THREE RIVERS
  • Census Tract: 040300

Zoning

  • Zoning: R

Geography

  • District: 051
  • Parcel: 051-337-003-00
  • Lot: 84-85
  • Municipality: THREE RIVERS CITY
  • Latitude: 41.9343
  • Longitude: -85.6366

    Address

  • Full Address: 716 Spring St
  • Address - House Number: 716
  • Address - Street Name: Spring
  • Address - Suffix Type: St
  • State: MI
  • City Name: Three Rivers
  • Carrier Code: C003
  • 4-Digit Zip Code: 2520
  • Zip Code: 49093

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $231,837

    Appraisal Valuation

  • Standard Deviation: 0.1071
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 89
  • Final Value: 183,193
  • High Value: 202,824
  • Low Value: 163,563

    Market Valuation

  • Market Total Value: $153,000
  • Market Land Value: $23,800
  • Market Improvement Value: $129,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $76,500
  • Assessed Land Value: $11,900
  • Assessed Improvements Value: $64,600

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 13, 2022
  • Current Sale Recording Date: Apr 25, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 4010
  • Previous Sale Recording Date: May 19, 2021
  • Previous Sale Contract Date: May 14, 2021
  • Previous Sale Amount: $140,000
  • 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 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

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MichRIC

Listed by: Garrett Hall, Berkshire Hathaway HomeServices Michigan Real Estate
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 21115887
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 716 Spring Street built and last sold?
The property at 716 Spring Street was built in 1900 and last sold on Apr 13, 2022 for $190,000.
How much is this home worth?
The estimated value of the home located at 716 Spring Street is $0.
What are some comparable homes to 716 Spring Street?
There are currently no comparable homes to 716 Spring Street.
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