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Spring Arbor 49283
8042 Sharon Street
$125,000
● House - Off Market

8042 Sharon Street

Spring Arbor, MI 49283
bedrooms
2 Beds
bathrooms
1 Bath
square feet
720 Ft²
$125,461
RealtyHop Estimate
4.64%
Since Nov 1, 2022
National-US
Primary Model

About This Property

Sitting on over half an acre and in the Western School district, this 2 bedroom/1 bathroom home is ready for its new owners! The property is conveniently located just off of Spring Arbor Rd and includes the pond between the fenced and wooded section of the backyard. Kitchen includes a full appliance package and the washer and dryer can be found in the mudroom off the garage.  This one won't last long, so call today for your private tour!
Unit Size
720 Ft²
Days on Market
-
Land Size
0.87 acres
Price per sqft
$167
Property Type
House
Property Taxes
$123
HOA Dues
-
Year Built
1957

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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: 3 years ago (MichRIC MLS #22028663)

Price History

Date / Event Date Event Price
Oct 13, 2022 Sold
Premium
Sold
Jul 10, 2022 Listed by ERA REARDON REALTY, L.L.C. $119,900
Listed by ERA REARDON REALTY, L.L.C.
Feb 22, 1999 Sold
Premium
Sold
Apr 18, 1997 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 432
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 27,791
  • Lot Size Depth Feet: 2,415
  • Lot Size Frontage Feet: 1,150
  • Total Building Area: 720
  • Building Area: 720
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 720
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GREVE SUBDIVISION
  • Land Acres: 0000000638
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: W 115 FT OF E 230 FT OF LOT 9 GREVE SUBDIVISION

Neighborhood

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

Zoning

  • Zoning: RS-1

Geography

  • Assessors Map Reference: MAPS 0
  • District: 15
  • Parcel: 111-12-16-405-003-00
  • Lot: 9
  • Municipality: SPRING ARBOR TWP
  • Latitude: 42.2091
  • Longitude: -84.5454

    Address

  • Full Address: 8042 Sharon St
  • Legal Unit: 9
  • Address - House Number: 8042
  • Address - Street Name: Sharon
  • Address - Suffix Type: St
  • State: MI
  • City Name: Spring Arbor
  • Carrier Code: R082
  • 4-Digit Zip Code: 9612
  • Zip Code: 49283

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $132,498
  • Tax Rate Code Area: 15

    Appraisal Valuation

  • Standard Deviation: 0.1089
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 89
  • Final Value: 114,849
  • High Value: 127,357
  • Low Value: 102,340

    Market Valuation

  • Market Total Value: $111,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $55,700

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 11, 1999
  • Current Sale Recording Date: Feb 22, 1999
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2105686
  • Previous Sale Recording Date: Apr 18, 1997
  • Previous Sale Contract Date: Apr 18, 1997
  • Previous Sale Amount: $35,200
  • Previous Sale Document Type: 55
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

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MichRIC

Listed by: Mike Kanser, ERA REARDON REALTY, L.L.C.
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 22028663
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 8042 Sharon Street built and last sold?
The property at 8042 Sharon Street was built in 1957 and last sold on Feb 11, 1999 for $74,000.
How much is this home worth?
The estimated value of the home located at 8042 Sharon Street is $0.
What are some comparable homes to 8042 Sharon Street?
There are currently no comparable homes to 8042 Sharon Street.
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