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Spring Arbor 49283
7925 King Road
$205,000
● House - Off Market

7925 King Road

Spring Arbor, MI 49283
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,080 Ft²
$1,333
Est. Monthly
12.26%
Cap Rate

About This Property

Ranch home on walk-out basement plus attached 2 car garage. Brand new laminate flooring in open kitchen. Double linen closets in full bathroom.Just recently installed carpeting in basement shows how much extra living space is available in your future.Basement has transferable lifetime warranty by Foundation Systems of Michigan. Sump Pump has lifetime Warranty. Fireplace in basement has not been used in many years. Full basement bathroom has been plumbed in with newer piping for 3 fixtures. Extra two car 20 x 20 stick built garage with concrete floor. Newer furnace (2021). Newer lighting fixtures. Fresh paint. Attached garage has electric wall furnace and 220. Ductwork cleaned 2023. Refrigerator and chest freezer do not stay. Possession at close.
Unit Size
1,080 Ft²
Days on Market
-
Land Size
0.69 acres
Price per sqft
$204
Property Type
House
Property Taxes
$252
HOA Dues
-
Year Built
1961

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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 #24042571)

Price History

Date / Event Date Event Price
Dec 3, 2024 Sold
Premium
Sold
Dec 1, 2024 No longer available -
No longer available
Nov 5, 2024 In contract -
In contract
Oct 14, 2024 Relisted $220,000
Relisted
Sep 27, 2024 No longer available -
No longer available
Show More

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • 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: 1,080
  • Garage Type: 7
  • Garage Square Area: 1,078
  • Parking Space Count: 4
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,056
  • Total Building Area: 1,080
  • Building Area: 1,080
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,080
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000690
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: BEG AT THE NW COR OF SEC 16 TH E ALG N SEC LN 570 FT TO A PT WH IS PL OF BEG OF THIS DESCN TH E ALG N SEC LN 120 FT TH S

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: 000-12-16-101-005-00
  • Meridian: SEC 16 TWN 03S RNG 02W
  • Municipality: SPRING ARBOR TWP
  • Latitude: 42.2181
  • Longitude: -84.5583

    Address

  • Full Address: 7925 King Rd
  • Address - House Number: 7925
  • Address - Street Name: King
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Spring Arbor
  • Carrier Code: R081
  • 4-Digit Zip Code: 9741
  • Zip Code: 49283

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $224,076
  • Tax Rate Code Area: 15

    Appraisal Valuation

  • Standard Deviation: 0.1902
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 74
  • Final Value: 227,962
  • High Value: 271,340
  • Low Value: 184,583

    Market Valuation

  • Market Total Value: $174,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $87,300
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

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MichRIC

Listed by: RICK J REARDON, ERA REARDON REALTY, L.L.C.
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24042571
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 7925 King Road built and last sold?
The property at 7925 King Road was built in 1961 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 7925 King Road is $0.
What are some comparable homes to 7925 King Road?
There are currently no comparable homes to 7925 King Road.
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