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Adrian 49221
121 Dallas Street
$105,000
● House - Off Market

121 Dallas Street

Adrian, MI 49221
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,686 Ft²
$721
Est. Monthly
37.69%
Cap Rate

About This Property

Home is a 2 story, 4 bedroom, 2 bath with no garage.  Close to downtown Adrian.  Home is in overall good condition on first and second stories, new roof. newer windows, nice hardwood throughout.  Home has a collapsed, non bearing wall in basement that needs repair.  Minor mold in basement as well.  This

property is eligible under Freddie Mac First Look Initiative through 8-18-2024.  Seller is open to concessions during negotiations. Concessions cannot exceed actual closing costs. Highest and best due by 8/21 at 11:00 AM.
Unit Size
1,686 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$62
Property Type
House
Property Taxes
$205
HOA Dues
-
Year Built
1913

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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: 2 years ago (MichRIC MLS #24037392)

Price History

Date / Event Date Event Price
Nov 14, 2024 Sold
Premium
Sold
Oct 16, 2024 In contract -
In contract
Aug 21, 2024 In contract -
In contract
Jul 20, 2024 Listed by Century 21 Affiliated $104,900
Listed by Century 21 Affiliated
Aug 13, 2021 No longer available -
No longer available
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1913
  • Effective Year Built: 1913
  • Building Count: 10
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 8
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 861
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,049
  • Lot Size Depth Feet: 660
  • Lot Size Frontage Feet: 475
  • Total Building Area: 1,685
  • Building Area: 1,685
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,685
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BERRYS SOUTHERN ADD
  • Land Acres: 0000000070
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: E 471/2 FT LOT 1 BLK 4 BERRYS SOUTHERN ADDITION

Neighborhood

  • School District Name: Adrian City School District
  • School Tax School District: SCH: 46010
  • Census Tract: 061302

Zoning

  • Zoning: R-4

Geography

  • District: XA0
  • Parcel: XA0-400-4002-00
  • Block: 4
  • Lot: 1
  • Municipality: ADRIAN CITY
  • Latitude: 41.8953
  • Longitude: -84.0381

    Address

  • Full Address: 121 Dallas St
  • Address - House Number: 121
  • Address - Street Name: Dallas
  • Address - Suffix Type: St
  • State: MI
  • City Name: Adrian
  • Carrier Code: C009
  • 4-Digit Zip Code: 2635
  • Zip Code: 49221

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Initial Tax Delinquent Year: 2015

    Appraisal Valuation

  • Standard Deviation: 0.2289
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 68
  • Final Value: 165,449
  • High Value: 203,332
  • Low Value: 127,567

    Market Valuation

  • Market Total Value: $96,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $48,200

    Sales

  • Current Sale Contract Date: Jul 30, 2021
  • Current Sale Recording Date: Aug 05, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Sep 19, 2019
  • Previous Sale Contract Date: Sep 18, 2019
  • Previous Sale Amount: $50,000
  • 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 Adrian

Stats & Trends

Median Asking:

$171,500

Sale Price/ft²

$127

Below Asking

0.03%

Average Days on Market

54

Average Home Size

1120 ft²

Average Home Age

124.3 years

Currently For Sale

11 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

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MichRIC

Listed by: Randall Brookshire, Century 21 Affiliated
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24037392
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 121 Dallas Street built and last sold?
The property at 121 Dallas Street was built in 1913 and last sold on Jul 30, 2021 for $165,000.
How much is this home worth?
The estimated value of the home located at 121 Dallas Street is $109,952.
What are some comparable homes to 121 Dallas Street?
There are currently no comparable homes to 121 Dallas Street.
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