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Parma 49269
208 E Main Street
$160,000
● House - Off Market

208 E Main Street

Parma, MI 49269
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,040 Ft²
$892
Est. Monthly
11.96%
Cap Rate

About This Property

Charming 2 Bedroom Home in the Village of Parma. Well Maintained & Move-in Ready, this Home offers a Formal Dining area, 3 Seasons Front Porch, Newer Furnace with Central Air & Replacement Windows. Enjoy the Large Fenced Yard, Great for Pets, Play of Entertaining. 1 Car Garage with Carport provides Ample Covered Parking. Western Schools. Walkable to Village and Close to Highway. A Solid Value with Comfort & Convenience!
Unit Size
1,040 Ft²
Days on Market
70 days
Land Size
-
Price per sqft
$159
Property Type
House
Property Taxes
$81
HOA Dues
-
Year Built
1900

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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 #25036090)

Price History

Date / Event Date Event Price
Sep 29, 2025 Sold
Premium
Sold
Aug 16, 2025 In contract -
In contract
Aug 12, 2025 Price Decreased $165,000
↓ $10K (5.7%)
Price Decreased
Jul 21, 2025 Listed by HOWARD HANNA REAL ESTATE SERVI $175,000
Listed by HOWARD HANNA REAL ESTATE SERVI

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • 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: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 520
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,939
  • Lot Size Frontage Feet: 650
  • Total Building Area: 1,040
  • Building Area: 1,040
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,040
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MOES ADD
  • Land Acres: 0000000320
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: A PCL OF LD OWNED AND USED AS ONE PCL SITUATED IN NWFRL 1/4 OF SEC 31 T2S R2W AND IN BLOCK 1 MOE'S ADDITION TO VILLAGE OF

Neighborhood

  • School District Name: Western School District
  • School Tax School District: 38010
  • Census Tract: 006500

Zoning

  • Zoning: VILLAGE

Geography

  • Assessors Map Reference: MAPS
  • District: 14
  • Parcel: 002-07-31-102-014-00
  • Block: 1,TH
  • Lot: 9
  • Meridian: SEC 31 TWN 02S RNG 02W
  • Municipality: PARMA VILLAGE
  • Latitude: 42.259
  • Longitude: -84.5982

    Address

  • Full Address: 208 E Main St
  • Address - House Number: 208
  • Street Direction: E
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: MI
  • City Name: Parma
  • Carrier Code: R064
  • 4-Digit Zip Code: 9588
  • Zip Code: 49269

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $80,127
  • Tax Rate Code Area: 48

    Appraisal Valuation

  • Standard Deviation: 0.1902
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 74
  • Final Value: 160,803
  • High Value: 191,402
  • Low Value: 130,204

    Market Valuation

  • Market Total Value: $108,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $54,300

    Exemptions

  • Homeowner Exemption: Yes
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 Parma

Stats & Trends

Median Asking:

$224,900

Sale Price/ft²

$112

Below Asking

0.03%

Average Days on Market

43

Average Home Size

1260 ft²

Average Home Age

-

Currently For Sale

1 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: JESSIE KOEBBE-WOOD, HOWARD HANNA REAL ESTATE SERVI
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25036090
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 208 East Main Street built and last sold?
The property at 208 East Main Street was built in 1900 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 208 East Main Street is $0.
What are some comparable homes to 208 East Main Street?
There are currently no comparable homes to 208 East Main Street.
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