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Albion 49224
1408 Dean Drive
$145,000
● House - Off Market

1408 Dean Drive

Albion, MI 49224
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,296 Ft²
$144,141
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

Multiple offers received. Highest and best offers due by 9pm on 4-27. Ready for New Everything?? How about a fantastic view of McIntosh Park across the street? 3 -4 Bedroom 1 Bathroom plus great rec room and office spaces in lower level. New 100 amp service, New Roof, Siding, Gutters, Laminate Flooring, How about a crisp white kitchen w new stainless appliances & Eating Area , Redone bathroom, New front & back doors, new water heater. 2017 Furnace & A/C. Fresh paint. Beautiful backyard AND the park is right there. PLUS all that extra space in the finished lower level. So much to love on the east side of Albion w Marshall schools. (Check out the downtown area for good eats & shopping!!) All of this for cheaper than a 3 BR Apartment. Great Investment.
Unit Size
1,296 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$111
Property Type
House
Property Taxes
$108
HOA Dues
-
Year Built
1964

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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: 3 years ago (MichRIC MLS #23012650)

Price History

Date / Event Date Event Price
Jun 14, 2023 Sold
Premium
Sold
Apr 25, 2023 Listed by EXP Realty $143,900
Listed by EXP Realty
Jan 18, 2023 Sold
Premium
Sold
Jan 6, 2023 No longer available -
No longer available
Dec 30, 2022 In contract -
In contract
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Bedroom Count: 4
  • 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: 864
  • Garage Type: 7
  • Garage Square Area: 336
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,364
  • Lot Size Depth Feet: 1,330
  • Lot Size Frontage Feet: 638
  • Total Building Area: 864
  • Building Area: 864
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 864
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: A A MAGNOTTAS ASSESSORS PLAT
  • Land Acres: 0000000192
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: ALBION CITY, A A MAGNOTTAS ASSESSORS PLAT LOT 36

Neighborhood

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

Zoning

  • Zoning: R1C

Geography

  • District: 51
  • Parcel: 51-007-736-00
  • Lot: 36
  • Municipality: ALBION CITY
  • Latitude: 42.2584
  • Longitude: -84.7648

    Address

  • Full Address: 1408 Dean Dr
  • Address - House Number: 1408
  • Address - Street Name: Dean
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Albion
  • Carrier Code: C006
  • 4-Digit Zip Code: 1035
  • Zip Code: 49224

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $123,402
  • Initial Tax Delinquent Year: 2020

    Appraisal Valuation

  • Standard Deviation: 0.4675
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 6
  • Final Value: 72,458
  • High Value: 106,337
  • Low Value: 38,578

    Market Valuation

  • Market Total Value: $36,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $18,000

    Sales

  • Current Sale Contract Date: Jun 08, 2023
  • Current Sale Recording Date: Jun 14, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Jan 18, 2023
  • Previous Sale Contract Date: Jan 04, 2023
  • Previous Sale Amount: $10,000
  • 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:

$135,000

Sale Price/ft²

$103

Below Asking

0.07%

Average Days on Market

73

Average Home Size

1488 ft²

Average Home Age

107.6 years

Currently For Sale

16 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: Ryan R Leonard, EXP Realty
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 23012650
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 1408 Dean Drive built and last sold?
The property at 1408 Dean Drive was built in 1964 and last sold on Jun 8, 2023 for $145,000.
How much is this home worth?
The estimated value of the home located at 1408 Dean Drive is $0.
What are some comparable homes to 1408 Dean Drive?
There are currently no comparable homes to 1408 Dean Drive.
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