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Single Family ResidenceResidential
$466,968$146 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 94How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Jul 14, 2026

1403 WATER ST

EATON RAPIDS, MI 48827
2
Beds
3.5
Baths
3,208 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
5.39 ac
Lot SizeThe size of the land the home sits on, from county records.
2001
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.

Valuation

$467K
$440K low$494K high
Est. Owner EquityRoughly how much of the home's value the owner would keep after paying off known loans. It is our estimate minus the loans still owed.$220,968
Est. Lendable EquityThe part of the owner's equity a lender would typically let them borrow against — about 80% of their equity.$176,774
Loan-to-ValueHow much is still owed on the home compared to what it is worth. 80% means loans equal 80% of our estimate, so it shifts when the estimate does.53%
1st MortgageA loan still believed to be open on this home, in the order lenders get repaid. The first position is paid back before the second.$246,000
TOWNE MORTGAGE CO · recorded Jan 4, 2017

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$8,900 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$312,600 (2026)
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$314,300
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$620,820

Climate Risk

Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.83 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.51%
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.1 percent flood zone

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
StyleThe architectural style of the home, such as ranch or colonial.Ranch
CountyEATON
Lot (acres)The size of the land the home sits on, from county records.5.39
HeatingThe type of heating system in the home.Forced Air With Air Conditioning
CoolingThe type of cooling or air conditioning in the home.Yes
FireplaceWhether the home has a fireplace, and what kind.Yes
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(1)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Lockwood Elementary SchoolA-
Elementary · Grades 1–2 · 0.4 mi
M
Eaton Rapids Middle SchoolC+
Middle · Grades 6–8 · 0.5 mi
H
Eaton Rapids High SchoolA-
High · Grades 9–12 · 0.6 mi

District: Eaton Rapids Public Schools

Neighborhood · ZIP 48827These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.82
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.71
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.20

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.95%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.15%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.5.9%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.4%
PopulationHow many people live in this area.15,527
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.139 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$80,934
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$95,343
Average tempThe average temperature here across a full year.48°F
Annual precipHow much rain and melted snow falls here in a typical year.34 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.51%

Ownership

OccupancyWhether the owner appears to live here or somewhere else. It is inferred from the mailing address on record.Owner occupied
Company ownedWhether the owner is a company or trust rather than a person.Yes

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

1403 Water St measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth more than 97% of homes in Eaton Rapids 48827
  • Costs less per square foot than 69% of homes in Eaton County
  • Bigger than 98% of homes in Eaton Rapids 48827
  • Has a bigger lot than 88% of homes in Eaton County
  • Newer than 87% of homes in Eaton Rapids 48827

What homes are worth in Eaton Rapids 48827

Each bar is how many homes fall in that price range. The marker is this home.

This home
$87K$500K

This home is worth more than 97% of homes in Eaton Rapids 48827.

How it measures up in Eaton Rapids 48827

The dot is this home. The mark in the middle is the typical home in Eaton Rapids 48827.

Estimated value$466,968
CheaperTypical $225,056Pricier

Pricier than 97% of homes nearby

Price per ft²$146
CheaperTypical $154Pricier

Pricier than 41% of homes nearby

Living area3,208 ft²
SmallerTypical 1,463 ft²Bigger

Bigger than 98% of homes nearby

Lot size5.39 ac
SmallerTypical 1.63 acBigger

Bigger than 79% of homes nearby

Year built2001
OlderTypical 1976Newer

Newer than 87% of homes nearby

How 1403 Water St ranks against every home in each area.
MeasureThis homeEaton Rapids 48827Eaton County
Estimated valuepricier than$466,96897% of homes95% of homes
Price per ft²pricier than$14641% of homes31% of homes
Living areabigger than3,208 ft²98% of homes98% of homes
Lot sizebigger than5.39 ac79% of homes88% of homes
Year builtnewer than200187% of homes87% of homes

About 1403 Water St

How much is 1403 Water St, Eaton Rapids, MI worth?

The TopHap Estimate for 1403 Water St, Eaton Rapids, MI is $466,968 as of Jul 14, 2026. The likely range is $440,036 to $493,900. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 1403 Water St, Eaton Rapids, MI last sell?

1403 Water St, Eaton Rapids, MI last sold on Jan 1, 1900, according to the county's recorded deed.

How big is 1403 Water St, Eaton Rapids, MI?

1403 Water St, Eaton Rapids, MI has 2 bedrooms, 3.5 bathrooms, 3,208 square feet of living space and a 5.39-acre lot.

When was 1403 Water St, Eaton Rapids, MI built?

1403 Water St, Eaton Rapids, MI was built in 2001, making it 25 years old. It is a ranch home. The building has 1 story.

What schools serve 1403 Water St, Eaton Rapids, MI?

1403 Water St, Eaton Rapids, MI is assigned to Lockwood Elementary School (elementary), rated A-; Eaton Rapids Middle School (middle), rated C+; Eaton Rapids High School (high), rated A-. All sit in Eaton Rapids Public Schools. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 1403 Water St, Eaton Rapids, MI compare to other homes in Eaton Rapids 48827?

Among the 6,161 homes in Eaton Rapids 48827, it is worth more than 97% of them ($466,968 against a typical $225,056), its price per square foot is higher than 41% of them ($146 against a typical $154), it is bigger than 98% of them (3,208 ft² against a typical 1,463 ft²), its lot is bigger than 79% of them (5.39 ac against a typical 1.63 ac) and it is newer than 87% of them (2001 against a typical 1976). Measured against all of Eaton County, it is worth more than 95% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 1403 Water St, Eaton Rapids, MI?

The 2025 property tax bill for 1403 Water St, Eaton Rapids, MI was $8,900. The county assessed it at $312,600.

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