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Albion 49224
1309 Cooper Street
$85,000
● House - Off Market

1309 Cooper Street

Albion, MI 49224
bedrooms
2 Beds
bathrooms
1 Bath
square feet
720 Ft²
$501
Est. Monthly
13.29%
Cap Rate

About This Property

Move in Ready!!!  2 bedroom, 1 bathroom ranch with a detached 2 car garage. Oak cabinets, nice laminate flooring, and a nice covered deck overlooking the fenced in backyard. Seller will consider RD, FHA and VA financing options. All this for under 100k!
Unit Size
720 Ft²
Days on Market
146 days
Land Size
0.23 acres
Price per sqft
$118
Property Type
House
Property Taxes
$84
HOA Dues
-
Year Built
1954

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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 #24027086)

Price History

Date / Event Date Event Price
Oct 23, 2024 Sold
Premium
Sold
Aug 2, 2024 In contract -
In contract
Jul 27, 2024 Price Decreased $85,000
↓ $5K (5.5%)
Price Decreased
May 30, 2024 Listed by Berkshire Hathaway HomeServices Michigan Real Estate $89,900
Listed by Berkshire Hathaway HomeServices Michigan Real Estate
Sep 7, 2021 Sold
Premium
Sold
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • 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: 440
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,062
  • Lot Size Depth Feet: 1,340
  • Lot Size Frontage Feet: 709
  • Total Building Area: 720
  • Building Area: 720
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 720
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: A A MAGNOTTAS ASSRS
  • Land Acres: 0000000231
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: ALBION CITY, A A MAGNOTTAS ASSESSORS PLAT LOT 17

Neighborhood

  • School District Name: Albion Public Schools
  • School Tax School District: ALBION
  • Census Tract: 003600

Zoning

  • Zoning: R1C

Geography

  • District: 51
  • Parcel: 51-007-717-00
  • Lot: 17
  • Municipality: ALBION CITY
  • Latitude: 42.2578
  • Longitude: -84.7646

    Address

  • Full Address: 1309 Cooper St
  • Address - House Number: 1309
  • Address - Street Name: Cooper
  • Address - Suffix Type: St
  • State: MI
  • City Name: Albion
  • Carrier Code: C006
  • 4-Digit Zip Code: 1029
  • Zip Code: 49224

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $94,302
  • Initial Tax Delinquent Year: 2020

    Appraisal Valuation

  • Standard Deviation: 0.467
  • Valuation Date: Jun 21, 2023
  • Confidence Score: 6
  • Final Value: 65,631
  • High Value: 96,285
  • Low Value: 34,976

    Market Valuation

  • Market Total Value: $33,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $16,700

    Sales

  • Current Sale Contract Date: Aug 12, 2021
  • Current Sale Recording Date: Sep 07, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Feb 24, 2021
  • Previous Sale Contract Date: Feb 01, 2021
  • Previous Sale Amount: $33,000
  • 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 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

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MichRIC

Listed by: William Coats, Berkshire Hathaway HomeServices Michigan Real Estate
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24027086
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 1309 Cooper Street built and last sold?
The property at 1309 Cooper Street was built in 1954 and last sold on Aug 12, 2021 for $70,000.
How much is this home worth?
The estimated value of the home located at 1309 Cooper Street is $81,650.
What are some comparable homes to 1309 Cooper Street?
There are currently no comparable homes to 1309 Cooper Street.
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