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Addison 49220
117 MILL ST
$104,600
● Mobile Manufactured - Off Market

117 MILL ST

Addison, MI 49220
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,910 Ft²
$142,047
RealtyHop Estimate
42.19%
Since May 1, 2020
National-US
Primary Model

About This Property

What a Value, Priced to Sell!!  1,680 SF of living space plus 3 enclosed porches (one 10' x 23' heated/finished), detached wood shop, large garage, plus another metal "garage", front and rear decks, full unfinished basement with Bilco door, City water and sewer, all on a large lot on a lightly traveled street in the Village of Addison.  Sofa and chair in LR can stay.
Unit Size
1,910 Ft²
Days on Market
83 days
Land Size
0.61 acres
Price per sqft
$52
Property Type
Mobile Manufactured
Property Taxes
$210
HOA Dues
-
Year Built
1940

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 9 months ago (MichRIC MLS #21049437)

Price History

Date / Event Date Event Price
Aug 24, 2021 Sold
Premium
Sold
Jul 20, 2021 Sold
Premium
Sold
May 18, 2021 Listed by RE/MAX MID-MICHIGAN-BROOKLYN $145,000
Listed by RE/MAX MID-MICHIGAN-BROOKLYN
May 6, 2020 Sold
Premium
Sold
Apr 2, 2020 Sold
Premium
Sold
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Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 15
  • 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: 2,009
  • Garage Type: 7
  • Garage Square Area: 1,530
  • Parking Space Count: 6
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 24,394
  • Total Building Area: 2,009
  • Building Area: 2,009
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 6
  • Heating: 4
  • Heated Square Feet: 2,009
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FT TO POB DESCRIPTIVE-VILLAGE OF ADD
  • Land Acres: 0000000560
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LD BEG INTERSEC OF E LI OF MILL ST AND N LI OF MAIN ST TH N 74^43'E ALG N LI MAIN ST 78.4 FT TH N 204.4 FT TH E 66 FT TH N 78 FT TH W 142 FT TH S 301.92 FT TO POB DESCRIPTIVE-VILLAGE OF ADDISON

Neighborhood

  • School District Name: Addison Community Schools
  • School Tax School District: SCH: 46020
  • Census Tract: 060401

Geography

  • District: WD1
  • Section: O
  • Parcel: WD1-131-4630-00
  • Municipality: ADDISON VILLAGE
  • Latitude: 41.987
  • Longitude: -84.3526

    Address

  • Full Address: 117 Mill St
  • Address - House Number: 117
  • Address - Street Name: Mill
  • Address - Suffix Type: St
  • State: MI
  • City Name: Addison
  • Carrier Code: R022
  • 4-Digit Zip Code: 9706
  • Zip Code: 49220

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $217,181

    Appraisal Valuation

  • Standard Deviation: 0.1886
  • Valuation Date: Dec 07, 2022
  • Confidence Score: 75
  • Final Value: 233,368
  • High Value: 277,391
  • Low Value: 189,345

    Market Valuation

  • Market Total Value: $185,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $92,800

    Sales

  • Current Sale Contract Date: Jul 20, 2021
  • Current Sale Recording Date: Aug 24, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: May 06, 2020
  • Previous Sale Contract Date: Apr 02, 2020
  • Previous Sale Amount: $104,600
  • 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 Addison

Stats & Trends

Median Asking:

$0

Sale Price/ft²

$0

Above Asking

0.00%

Average Days on Market

0

Average Home Size

0 ft²

Average Home Age

2026 years

Currently For Sale

0 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

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MichRIC

Listed by: LARRY WETHERBY, RE/MAX MID-MICHIGAN-BROOKLYN
Last Updated: 9 months ago
Data Source: MichRIC, MLS# 21049437
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 117 Mill Street built and last sold?
The property at 117 Mill Street was built in 1940 and last sold on Jul 20, 2021 for $155,000.
How much is this home worth?
The estimated value of the home located at 117 Mill Street is $146,569.
What are some comparable homes to 117 Mill Street?
There are currently no comparable homes to 117 Mill Street.
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