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Albion 49224
1302 Barnes Street
$176,000
● House - Off Market

1302 Barnes Street

Albion, MI 49224
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,360 Ft²
$1,034
Est. Monthly
8.49%
Cap Rate

About This Property

Completely renovated in 2020 and masterfully kept since then, this 3 bed 2 bath ranch with master suite is move-in ready for its next family.

The open concept kitchen, dining and living space with electric fireplace is welcoming from right inside the front door.

The master suite on the front of the house provides privacy from the other two bedrooms that are off the hallway on the opposite side of the kitchen.

The attached garage has extra space for mowers and the driveway has a convenient paved turnaround.

Don't let this opportunity slip by!
Unit Size
1,360 Ft²
Days on Market
94 days
Land Size
0.20 acres
Price per sqft
$134
Property Type
House
Property Taxes
$141
HOA Dues
-
Year Built
1946

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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 #25025348)

Price History

Date / Event Date Event Price
Sep 18, 2025 Sold
Premium
Sold
Aug 19, 2025 In contract -
In contract
Jul 31, 2025 Price Increased $181,900
↑ $44K (31.8%)
Price Increased
Jun 17, 2025 Relisted $138,000
Relisted
Jun 7, 2025 In contract -
In contract
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1946
  • Effective Year Built: 1946
  • 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: 9
  • Basement Area: 1,080
  • Garage Type: 7
  • Garage Square Area: 260
  • 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: 1,080
  • Building Area: 1,080
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,080
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: G F BUNDAYS ADDITION
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: ALBION CITY, G F BUNDAY ADDITION BLK 4. LOT 17

Neighborhood

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

Zoning

  • Zoning: R1C

Geography

  • District: 51
  • Parcel: 51-003-307-00
  • Lot: 17
  • Municipality: ALBION CITY
  • Latitude: 42.2497
  • Longitude: -84.7377

    Address

  • Full Address: 1302 Barnes St
  • Address - House Number: 1302
  • Address - Street Name: Barnes
  • Address - Suffix Type: St
  • State: MI
  • City Name: Albion
  • Carrier Code: C008
  • 4-Digit Zip Code: 1451
  • Zip Code: 49224

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $141,696
  • Initial Tax Delinquent Year: 2015

    Appraisal Valuation

  • Standard Deviation: 0.2654
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 62
  • Final Value: 145,877
  • High Value: 184,594
  • Low Value: 107,160

    Market Valuation

  • Market Total Value: $91,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $45,700

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 02, 2020
  • Current Sale Recording Date: Jun 22, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Mar 29, 2012
  • Previous Sale Contract Date: Mar 15, 2012
  • Previous Sale Amount: $9,500
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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:

$135,000

Sale Price/ft²

$103

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: Joseph Verbeke, NextHome ACE Real Estate Services
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25025348
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 1302 Barnes Street built and last sold?
The property at 1302 Barnes Street was built in 1946 and last sold on Jun 2, 2020 for $138,000.
How much is this home worth?
The estimated value of the home located at 1302 Barnes Street is $174,217.
What are some comparable homes to 1302 Barnes Street?
There are currently no comparable homes to 1302 Barnes Street.
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