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Calhoun 49224
16009 29 Mile Road
$258,000
● House - Off Market

16009 29 Mile Road

Albion, MI 49224
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,472 Ft²
$1,417
Est. Monthly
6.30%
Cap Rate

About This Property

Charming Farmhouse with Modern Flair - Nestled on a spacious 2.48-acre corner lot, this beautifully remodeled farmhouse offers the perfect blend of classic charm and modern updates. The heart of the home, its kitchen, shines with newer cabinets, a stylish backsplash, shiplap accents, appliances, and updated flooring, all complemented by a cozy eating area.  Relax in the living room, bathed in natural light and updated with newer flooring. A convenient main-floor primary bedroom provides ample closet space, while two sizable bedrooms and a full bath await upstairs. Main-floor laundry, conveniently located by the back door, adds to the home's practical appeal. Outside, a wonderful deck provides abundant opportunities for entertaining and enjoying your private oasis.
Unit Size
1,472 Ft²
Days on Market
43 days
Land Size
2.48 acres
Price per sqft
$168
Property Type
House
Property Taxes
$201
HOA Dues
-
Year Built
-

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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: 6 months ago (MichRIC MLS #25032415)

Price History

Date / Event Date Event Price
Aug 15, 2025 Sold
Premium
Sold
Jul 11, 2025 In contract -
In contract
Jul 3, 2025 Listed by Keller Williams Realty $247,500
Listed by Keller Williams Realty
Apr 5, 2022 Sold
Premium
Sold
Oct 12, 2021 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Bedroom Count: 0
  • 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: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 640
  • Garage Type: 7
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 108,159
  • Total Building Area: 1,472
  • Gross Building Area: 1,472
  • Building Area: 1,472
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,472
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002483
  • Standard Land Use Code: 1001
  • County Land Use Code: 101
  • Legal Description 1: SHERIDAN TWP SEC 11 T2S R4W BEG AT THE SE COR OF SEC 11, TH N89DEG15'59"W 373',TH N00DEG00'21"E 290', TH S89DEG15'59"E 373

Neighborhood

  • School District Name: Albion Public Schools
  • School Tax School District: ALBION
  • Census Tract: 003200

Zoning

  • Zoning: AA/AGRICUL

Geography

  • District: 19
  • Parcel: 19-111-021-00
  • Meridian: SEC 11 TWN 02S RNG 04W
  • Municipality: SHERIDAN TWP
  • Latitude: 42.3055
  • Longitude: -84.738

    Address

  • Full Address: 16009 29 Mile Rd
  • Address - House Number: 16009
  • Address - Street Name: 29 Mile
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Albion
  • Carrier Code: R003
  • 4-Digit Zip Code: 9422
  • Zip Code: 49224

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $160,941

    Appraisal Valuation

  • Standard Deviation: 0.1967
  • Valuation Date: Jun 21, 2023
  • Confidence Score: 73
  • Final Value: 202,726
  • High Value: 242,606
  • Low Value: 162,846

    Market Valuation

  • Market Total Value: $137,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $68,500

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 25, 2022
  • Current Sale Recording Date: Apr 05, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Oct 12, 2021
  • Previous Sale Contract Date: Oct 01, 2021
  • Previous Sale Amount: $196,500
  • 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 Calhoun

Stats & Trends

Median Asking:

$210,000

Sale Price/ft²

$142

Below Asking

0.03%

Average Days on Market

56

Average Home Size

1825 ft²

Average Home Age

73.3 years

Currently For Sale

332 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: Cassie Scramlin, Keller Williams Realty
Last Updated: 6 months ago
Data Source: MichRIC, MLS# 25032415
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 16009 29 Mile Road built and last sold?
The property at 16009 29 Mile Road was built in and last sold on Mar 25, 2022 for $217,500.
How much is this home worth?
The estimated value of the home located at 16009 29 Mile Road is $0.
What are some comparable homes to 16009 29 Mile Road?
There are currently no comparable homes to 16009 29 Mile Road.
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