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Albion 49224
191 Albion Road
$170,000
● House - Off Market

191 Albion Road

Albion, MI 49224
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,100 Ft²
$900
Est. Monthly
9.64%
Cap Rate

About This Property

Experience serene country living with this enchanting 2-story farmhouse, set on 1.5 picturesque acres. This 3-bedroom, 2-bath home perfectly blends rustic charm with modern comforts, ideal for those seeking peace and quiet. Inside you'll find natural woodwork throughout and a spacious living room paired with a formal dining room that is perfect for gatherings. Enjoy the convenience of central air, an Absopure water system, a generous sized outbuilding, and the convenience of being just outside of town. With ample space for indoor and outdoor entertaining, this home is a haven for country living enthusiasts. Come take a look today!
Unit Size
2,100 Ft²
Days on Market
-
Land Size
1.25 acres
Price per sqft
$79
Property Type
House
Property Taxes
$89
HOA Dues
-
Year Built
1938

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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 #24032529)

Price History

Date / Event Date Event Price
Oct 9, 2024 Sold
Premium
Sold
Jul 3, 2024 In contract -
In contract
Jun 26, 2024 Listed by eXp Realty LLC $165,000
Listed by eXp Realty LLC
Apr 2, 2022 No longer available -
No longer available
Mar 3, 2022 Price Increased $159,900
↑ $10K (6.7%)
Price Increased
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1938
  • Effective Year Built: 1938
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 8
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 600
  • Garage Type: 7
  • Garage Square Area: 672
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 54,450
  • Lot Size Depth Feet: 3,850
  • Lot Size Frontage Feet: 1,430
  • Total Building Area: 1,500
  • Building Area: 1,500
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,500
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001250
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: BEG AT SW COR OF FRL SEC 6 TH E 1300.86 FT TO A PT WH IS THE PL OF BEG OF THIS DESCN TH N 385 FT TH W 143 FT TH S 385 FT TO S

Neighborhood

  • School District Name: Albion Public Schools
  • School Tax School District: 13010
  • Census Tract: 006401

Zoning

  • Zoning: AG

Geography

  • Assessors Map Reference: MAPS
  • District: 03
  • Parcel: 000-11-06-301-001-00
  • Meridian: SEC 06 TWN 03S RNG 03W
  • Municipality: CONCORD TWP
  • Latitude: 42.2323
  • Longitude: -84.7115

    Address

  • Full Address: 191 Albion Rd
  • Address - House Number: 191
  • Address - Street Name: Albion
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Albion
  • Carrier Code: R001
  • 4-Digit Zip Code: 9150
  • Zip Code: 49224

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $47,308
  • Tax Rate Code Area: 3

    Appraisal Valuation

  • Standard Deviation: 0.1089
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 89
  • Final Value: 155,454
  • High Value: 172,385
  • Low Value: 138,523

    Market Valuation

  • Market Total Value: $131,400
  • Market Land Value: $131,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $65,700
  • Assessed Land Value: $65,700

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 01, 1992
  • Current Sale Recording Date: Dec 01, 1992
  • Current Sale Price:
    Premium
  • Current 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: Gavin A Homer, eXp Realty LLC
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24032529
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 191 Albion Road built and last sold?
The property at 191 Albion Road was built in 1938 and last sold on Dec 1, 1992 for $65,500.
How much is this home worth?
The estimated value of the home located at 191 Albion Road is $0.
What are some comparable homes to 191 Albion Road?
There are currently no comparable homes to 191 Albion Road.
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