3118 N Water St, Bay City, MI, 48708
About This Home
Perfect opportunity for investors or first-time homebuyers alike! This charming 3-bedroom, 1-bathroom home offers over 1,050 square feet of comfortable living space and strong potential as a rental investment with excellent ROI. Featuring a functional layout, spacious bedrooms, and a large yard, this property is ideal for long-term tenants or anyone looking to build equity instead of renting. Conveniently located near schools, shopping, parks, and local amenities, this affordable Bay City home delivers both value and versatility. Whether you're expanding your investment portfolio or searching for a great starter home, this property is full of potential!
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1923
Materials
- Construction materials: Aluminum Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Other
- Property subType: Single Family Residence
Interior
Appliances
- Laundry features: Laundry Room,Main Level
Basement
- Basement: Crawl Space
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
- Main level bedrooms: 1
Heating
- Heating features: Forced Air
Interior Area
- Total structure area: 1,057
- Total interior livable area: 1,057 sqft
Property
Details
- Parcel number: 0916002222600400
Features
- Stories: 2
Lot
- Lot size: 5,662 sqft
- Lot size dimensions: 50 x 118
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Strong Wind
- Tornado
- Winter Weather
- Cold Wave
- Hail
- Inland Flooding
- Ice Storm
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Bay County and Michigan
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $444 | $5,328 |
| Home Insurance * | $69 | $828 |
| Property Taxes | $95 | $1,140 |
| Electricity | $188 | $2,259 |
| Total | $796 | $9,552 |
Income You'd Need if You Spent...
Michigan FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-06 | Listed for sale | $94,900 |
| 2025-07-10 | Listing removed | $1,200 |
| 2025-06-26 | Listed for rent | $1,200 |
| 2025-06-18 | Listing removed | $1,200 |
| 2025-06-14 | Price change | $1,200 |
| 2025-03-27 | Listed for rent | $1,250 |
| 2024-03-11 | Listing removed | -- |
| 2024-03-07 | Listed for rent | $1,250 |
| 2024-02-26 | Sold | $45,000 |
| 2024-01-21 | Pending sale | $44,900 |
| 2024-01-18 | Listed for sale | $44,900 |
| 2021-12-17 | Sold | $23,430 |
| 2021-11-12 | Price change | $23,000 |
| 2021-11-03 | Listed for sale | $30,000 |
| 2013-02-22 | Sold | $8,900 |
| 2013-01-26 | Price change | $8,900 |
| 2012-12-28 | Price change | $10,000 |
| 2012-11-17 | Listed for sale | $11,900 |
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