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Albion 49224
1209 Barnes Street
$151,000
● House - Off Market

1209 Barnes Street

Albion, MI 49224
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,038 Ft²
$845
Est. Monthly
7.04%
Cap Rate

About This Property

Welcome to your new home! This beautifully updated 2-bedroom, 2-bath gem offers modern comfort and style with its fresh, contemporary finishes. Step inside to discover open concept living with wood flooring throughout the living spaces. The kitchen features quartz countertops, stainless steel appliances and a wine cooler perfect for entertaining. You'll appreciate the main floor laundry, primary bathroom, attached garage and the large fenced in yard.

Schedule your showing today to discover everything this Albion ranch has to offer!
Unit Size
1,038 Ft²
Days on Market
31 days
Land Size
0.20 acres
Price per sqft
$158
Property Type
House
Property Taxes
$39
HOA Dues
-
Year Built
1955

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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 #24038898)

Price History

Date / Event Date Event Price
Aug 29, 2024 Sold
Premium
Sold
Aug 6, 2024 Price Increased $164,000
↑ $10K (6.5%)
Price Increased
Aug 6, 2024 In contract -
In contract
Jul 29, 2024 Listed by RE/MAX Perrett Associates - Marshall $154,000
Listed by RE/MAX Perrett Associates - Marshall
Sep 15, 2020 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • 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: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 360
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,712
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 660
  • Total Building Area: 768
  • Building Area: 768
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 768
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: G F BUNDAY S ADDITION
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: ALBION CITY, G F BUNDAYS ADDITION BLK 8 LOT 4

Neighborhood

  • School District Name: Albion Public Schools
  • School Tax School District: ALBION
  • Census Tract: 003500

Zoning

  • Zoning: R1C

Geography

  • District: 51
  • Parcel: 51-003-394-00
  • Block: 8
  • Lot: 4
  • Municipality: ALBION CITY
  • Latitude: 42.2502
  • Longitude: -84.7387

    Address

  • Full Address: 1209 Barnes St
  • Address - House Number: 1209
  • Address - Street Name: Barnes
  • Address - Suffix Type: St
  • State: MI
  • City Name: Albion
  • Carrier Code: C008
  • 4-Digit Zip Code: 1448
  • Zip Code: 49224

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $149,310

    Appraisal Valuation

  • Standard Deviation: 0.467
  • Valuation Date: Jun 21, 2023
  • Confidence Score: 6
  • Final Value: 23,079
  • High Value: 33,858
  • Low Value: 12,299

    Market Valuation

  • Market Total Value: $75,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $37,500

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 31, 2020
  • Current Sale Recording Date: Sep 15, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Oct 19, 2018
  • Previous Sale Contract Date: Oct 12, 2018
  • Previous Sale Amount: $24,500
  • Previous Sale Document Type: 27
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 Albion

Stats & Trends

Median Asking:

$135,500

Sale Price/ft²

$102

Below Asking

0.07%

Average Days on Market

73

Average Home Size

1494 ft²

Average Home Age

105 years

Currently For Sale

15 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

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Breanne Speer, RE/MAX Perrett Associates - Marshall
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24038898
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 1209 Barnes Street built and last sold?
The property at 1209 Barnes Street was built in 1955 and last sold on Aug 31, 2020 for $134,000.
How much is this home worth?
The estimated value of the home located at 1209 Barnes Street is $0.
What are some comparable homes to 1209 Barnes Street?
There are currently no comparable homes to 1209 Barnes Street.
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