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Jackson
8615 RIVES JUNCTION RD
$116,000
● House - Off Market

8615 RIVES JUNCTION RD

Rives Junction, MI 49277
bedrooms
3 Beds
bathrooms
1 Bath
square feet
940 Ft²
$189,711
RealtyHop Estimate
51.77%
Since Dec 1, 2018
National-US
Primary Model

About This Property

This super clean home is freshly painted, has new flooring throughout including wood laminate in living room, a new toilet and bath vanity, new plantation blinds throughout, new stainless microwave, dishwasher, and stove, some new lighting, plus a new thermostat, make this ready for you to move right in. As well as a new steel entry door in garage. The property is over a half acre and backs up to woods giving it excellent privacy. The 12x16 Shed with loft offers plenty of storage space. Central Air new approx. 2010 as well as generator and electric panel update. New hot water heater in 2018.  It is close to the school campus. Garage is equip with a generator plug.
Unit Size
940 Ft²
Days on Market
-
Land Size
0.63 acres
Price per sqft
$133
Property Type
House
Property Taxes
$119
HOA Dues
-
Year Built
-

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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: 3 years ago (MichRIC MLS #21052471)

Price History

Date / Event Date Event Price
Mar 7, 2022 Sold
Premium
Sold
Jan 26, 2022 Listed by Sproat Realty Professionals-J $135,000
Listed by Sproat Realty Professionals-J
Nov 21, 2018 Sold
Premium
Sold
Oct 26, 2018 No longer available -
No longer available
Oct 17, 2018 Listed by Sproat Realty Professionals-J $125,000
Listed by Sproat Realty Professionals-J
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Building Count: 1
  • Bedroom Count: 3
  • 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: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 500
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 27,443
  • Lot Size Depth Feet: 2,310
  • Lot Size Frontage Feet: 1,190
  • Total Building Area: 1,000
  • Building Area: 1,000
  • Building Area Measurement: K

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,000
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: STRUCKMAN SUBDIVISION
  • Land Acres: 0000000630
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 14 STRUCKMAN SUBDIVISION

Neighborhood

  • School District Name: Northwest School District
  • School Tax School District: 38140
  • Census Tract: 006701

Zoning

  • Zoning: AG

Geography

  • Assessors Map Reference: MAPS
  • District: 13
  • Parcel: 000-03-29-101-014-00
  • Lot: 14
  • Municipality: RIVES TWP
  • Latitude: 42.3638
  • Longitude: -84.4624

    Address

  • Full Address: 8615 Rives Junction Rd
  • Address - House Number: 8615
  • Address - Street Name: Rives Junction
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Rives Junction
  • Carrier Code: R003
  • 4-Digit Zip Code: 9662
  • Zip Code: 49277

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $103,651
  • Tax Rate Code Area: 13

    Appraisal Valuation

  • Standard Deviation: 0.2418
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 66
  • Final Value: 164,181
  • High Value: 203,885
  • Low Value: 124,477

    Market Valuation

  • Market Total Value: $124,000
  • Market Land Value: $124,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $62,000
  • Assessed Land Value: $62,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 25, 2022
  • Current Sale Recording Date: Mar 07, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Nov 21, 2018
  • Previous Sale Contract Date: Nov 16, 2018
  • Previous Sale Amount: $116,000
  • 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 Jackson

Stats & Trends

Median Asking:

$233,000

Sale Price/ft²

$145

Below Asking

0.03%

Average Days on Market

55

Average Home Size

1889 ft²

Average Home Age

74.5 years

Currently For Sale

414 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: SUSAN M MOHLMAN, Sproat Realty Professionals-J
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21052471
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 8615 Rives Junction Road built and last sold?
The property at 8615 Rives Junction Road was built in and last sold on Feb 25, 2022 for $130,000.
How much is this home worth?
The estimated value of the home located at 8615 Rives Junction Road is $0.
What are some comparable homes to 8615 Rives Junction Road?
There are currently no comparable homes to 8615 Rives Junction Road.
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