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Spring Arbor 49283
9423 Spring Arbor Road
$390,000
● House - Off Market

9423 Spring Arbor Road

Spring Arbor, MI 49283
bedrooms
5 Beds
bathrooms
3 Baths
square feet
3,473 Ft²
$2,367
Est. Monthly
7.45%
Cap Rate

About This Property

Western Schools- almost 3500 sq ft of living space.  Main floor features kitchen with knotty pine vaulted ceilings, cozy family room with gas fireplace, large living room for entertaining, formal dining room and screened porch living area.  The West end of the main floor boasts 4 large bedrooms and 2 full baths.  Main bed is a master suite with full bath and access to the balcony overlooking the back yard.  Hall bath has jacuzzi tub.  Large main floor laundry.  Walkout Basement has large living room with wood fireplace, bedroom, full bath and a full kitchen.  Basement also has a small workshop area and tons of storage.  Back yard retreat features a huge Oak tree with beautiful concrete walkways, flowers,decorative pond and fountain. 20X36 out building.  2 car attached garage and 1.7 acre
Unit Size
3,473 Ft²
Days on Market
-
Land Size
1.70 acres
Price per sqft
$118
Property Type
House
Property Taxes
$354
HOA Dues
-
Year Built
1970

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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 #24039432)

Price History

Date / Event Date Event Price
Nov 20, 2024 Sold
Premium
Sold
Sep 26, 2024 No longer available -
No longer available
Aug 23, 2024 Price Decreased $410,000
↓ $10K (2.4%)
Price Decreased
Jul 31, 2024 Listed by Heart for Homes, LLC $419,900
Listed by Heart for Homes, LLC

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 5
  • 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: 1,989
  • Garage Type: 7
  • Garage Square Area: 420
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 74,052
  • Total Building Area: 1,989
  • Building Area: 1,989
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,989
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001700
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: BEG AT THE N 1/4 POST OF SEC 20 TH S 1008.83 FT (S 983.76 FT RECORD) ALG THE N&S 1/4 LN OF SD SEC TO THE SLY LN OF M-60 HWY

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: 000-12-20-202-002-00
  • Meridian: SEC 20 TWN 03S RNG 02W
  • Municipality: SPRING ARBOR TWP
  • Latitude: 42.2011
  • Longitude: -84.5682

    Address

  • Full Address: 9423 Spring Arbor Rd
  • Address - House Number: 9423
  • Address - Street Name: Spring Arbor
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Spring Arbor
  • Carrier Code: R081
  • 4-Digit Zip Code: 9768
  • Zip Code: 49283

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $264,589
  • Tax Rate Code Area: 15

    Appraisal Valuation

  • Standard Deviation: 0.1902
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 74
  • Final Value: 297,353
  • High Value: 353,936
  • Low Value: 240,770

    Market Valuation

  • Market Total Value: $242,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $121,400

    Exemptions

  • Homeowner Exemption: Yes
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: TAD FRENCH, Heart for Homes, LLC
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24039432
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 9423 Spring Arbor Road built and last sold?
The property at 9423 Spring Arbor Road was built in 1970 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 9423 Spring Arbor Road is $414,100.
What are some comparable homes to 9423 Spring Arbor Road?
There are currently no comparable homes to 9423 Spring Arbor Road.
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