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Albion 49224
203 Irwin Avenue
$320,000
● House - Off Market

203 Irwin Avenue

Albion, MI 49224
bedrooms
5 Beds
bathrooms
3 Baths
square feet
3,840 Ft²
$1,790
Est. Monthly
9.86%
Cap Rate

About This Property

This is the perfect home for your family. A beautiful Victorian home located in a quiet and friendly neighborhood, The home has a large side porch, generous formal dining room and living area. This historic home has 3 full bathrooms, a huge family room with fireplace above the carriage house, great for entertaining. This home has been completely restored but has maintained its original charm and character.  You will be amazed at the home's original woodwork and hardwood floors. The home is very spacious and perfect for a large family or empty nesters.  Newer roof and beautiful modern kitchen space. Close to downtown, plenty of shopping, restaurants and within walking distance of Albion College.
Unit Size
3,840 Ft²
Days on Market
70 days
Land Size
0.66 acres
Price per sqft
$88
Property Type
House
Property Taxes
$140
HOA Dues
-
Year Built
1875

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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: 12 months ago (MichRIC MLS #24051498)

Price History

Date / Event Date Event Price
Dec 9, 2024 Sold
Premium
Sold
Oct 29, 2024 In contract -
In contract
Sep 30, 2024 Listed by HOWARD HANNA REAL ESTATE SERVI $336,000
Listed by HOWARD HANNA REAL ESTATE SERVI
May 16, 2022 Sold
Premium
Sold
Jan 17, 2022 Listed by ACE Real Estate Services $324,900
Listed by ACE Real Estate Services
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1875
  • Effective Year Built: 1875
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • 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: 1,584
  • 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: 28,880
  • Lot Size Depth Feet: 2,750
  • Lot Size Frontage Feet: 1,595
  • Total Building Area: 3,840
  • Building Area: 3,840
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,840
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: IRWINS ADDITION TO ALBION
  • Land Acres: 0000000663
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: ALBION CITY, IRWINS ADDITION N PT LOT 3-BLK 4 BEG AT 5/8 IN ROD ON SLY LINEIRWIN AVE 85 1/2 FT N 82 DEG 18 E FROM INSEC OF

Neighborhood

  • School District Name: Albion Public Schools
  • School Tax School District: ALBION
  • Census Tract: 003300

Zoning

  • Zoning: R1C

Geography

  • District: 51
  • Parcel: 51-006-577-00
  • Block: 4
  • Lot: 3
  • Municipality: ALBION CITY
  • Latitude: 42.2375
  • Longitude: -84.755

    Address

  • Full Address: 203 Irwin Ave
  • Address - House Number: 203
  • Address - Street Name: Irwin
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Albion
  • Carrier Code: C001
  • 4-Digit Zip Code: 2163
  • Zip Code: 49224

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $208,452
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1122
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 88
  • Final Value: 322,991
  • High Value: 359,242
  • Low Value: 286,741

    Market Valuation

  • Market Total Value: $242,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $121,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 09, 2022
  • Current Sale Recording Date: May 16, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Sep 16, 2004
  • Previous Sale Contract Date: Aug 17, 2004
  • Previous Sale Amount: $161,000
  • 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

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

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MichRIC

Listed by: Shantelle Hawkins, HOWARD HANNA REAL ESTATE SERVI
Last Updated: 12 months ago
Data Source: MichRIC, MLS# 24051498
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 203 Irwin Avenue built and last sold?
The property at 203 Irwin Avenue was built in 1875 and last sold on May 9, 2022 for $300,000.
How much is this home worth?
The estimated value of the home located at 203 Irwin Avenue is $0.
What are some comparable homes to 203 Irwin Avenue?
There are currently no comparable homes to 203 Irwin Avenue.
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