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203 N 3rd Ave, Big Rapids, MI, 49307

5beds
2baths
2,250sqft
$215,000
$96price/sqft
$1,591/moest. monthly cost
$63,640/yrincome needed

About This Home

Looking for a stable cash cow to add to your business portfolio? Or possibly a large home for a growing family or muli-family potential? This large 5 bed 2 bath home is set up on a large corner lot, and comes with a garage, two kitchens, large bedrooms, and a history of consistant cash revenue for years! Located up the street from the river, parks and schools, and only a couple minutes from FSU campus and downtown. The interior has been well cared for and shows off updates throughout, including a newer roof, high efficiency furnace, electrical box upgrade to 200 amp, flooring, paint and more. Step into a cash flowing business of make plans for your furture home! Call for more information.

Getting Around

60
WalkingSomewhat Walkable
0
TransitVery Limited Transit
83
BikeVery Bikeable

Schools

5/10
Big Rapids Middle SchoolGrades 5-80.3 mi
6/10
Big Rapids High SchoolGrades 9-122.1 mi
10/10

Construction

Condition

  • Year built: 1900

Materials

  • Roof: Asphalt
  • Construction materials: Aluminum Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Colonial
  • Property subType: Single Family Residence

Interior

Appliances

  • Laundry features: Laundry Room

Basement

  • Has basement: Yes
  • Basement: Michigan Basement

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 2
  • Full bathrooms: 2
  • Main level bedrooms: 2

Features

  • Finished area below ground: 0

Heating

  • Heating features: Forced Air

Interior Area

  • Total structure area: 2,250
  • Total interior livable area: 2,250 sqft

Property

Details

  • Parcel number: 541711379013

Features

  • Stories: 2

Lot

  • Lot size: 6,098 sqft
  • Lot size dimensions: 50 x 120

Parking

  • Total spaces: 2
  • Parking features: Detached
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

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
    Strong WindVery High
  • Winter Weather
    Winter WeatherVery High
  • Cold Wave
    Cold WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Strong Wind
Winter Weather
Cold Wave
Inland Flooding
Lightning
Tornado

FEMA Declared Disasters in Mecosta County and Michigan

Severe Ice Storm
Winter Storm

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

MonthlyAnnual
Mortgage $1,087$13,044
Home Insurance *$93$1,116
Property Taxes $166$1,992
Electricity $245$2,945
Total$1,591$19,092
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$54,548/yr
40% on housing$47,730/yr
45% on housing$42,426/yr

Michigan FAIR Plan Programs

Michigan Basic Property Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 15,981Commercial: 293
Total Premiums$13.85M
Total Exposure$2.60B

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.

Insurance Growth Rate5-year average: 5.0%
5.0%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 1.9%
1.9%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$96This listing

vs Other Active Listings

Avg $/sqft

ZIP 49307$135
Mecosta County$159

vs Homes Sold Last Month

Median $/sqft

ZIP 49307$157
Mecosta County$148

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)

No zestimate history available

Price History

DateEventPrice
2026-01-13Listed for sale$222,000
2025-12-16Pending sale$222,000
2025-10-10Price change$222,000
2025-08-30Listed for sale$232,000
2016-04-22Sold$72,000
2014-07-08Sold$49,000
2014-05-11Price change$60,000
2013-09-08Price change$61,900
2013-09-06Listed for sale$79,900
2013-08-03Listing removed$79,900
2013-07-11Listed for sale$79,900
2006-06-27Sold$112,000
2003-11-24Sold$101,000

For Sale by Agent

AgentJoseph McNally
BrokerageRE/MAX TOGETHER

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