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Adrian 49221
224 TOLEDO ST
$160,000
● House - Off Market

224 TOLEDO ST

Adrian, MI 49221
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,848 Ft²
$181,671
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model

About This Property

Back on the Market at no fault of the Seller!!!This is your chance!   This beautiful 4 bedroom 2 bathroom in the heart of the City of Adrian is waiting for you to make it you new home! Completely updated, this home features a brand new kitchen with plenty of entertainment space, large livingroom modern shower on the first floor connected to one of the two bedrooms on the first floor. Two spacious carpeted upstairs bedrooms boasting a traditional clawfoot bath on the second floor with custom cherrywood flooring. With a 1.5 car attached garage, open porch in the front, and plenty of corner yard to play in, this gem will not be on the market for long! Schedule your private showing today!
Unit Size
1,848 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$89
Property Type
House
Property Taxes
$141
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: 3 years ago (MichRIC MLS #21096443)

Price History

Date / Event Date Event Price
Dec 27, 2021 Sold
Premium
Sold
Dec 21, 2021 No longer available -
No longer available
Oct 16, 2021 In contract -
In contract
Sep 11, 2021 Relisted $164,900
Relisted
Aug 26, 2021 In contract -
In contract
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Building Count: 10
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 10
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 272
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,405
  • Lot Size Depth Feet: 1,080
  • Lot Size Frontage Feet: 690
  • Total Building Area: 1,736
  • Building Area: 1,736
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 6
  • Heating: 4
  • Heated Square Feet: 1,736
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ORIGINAL PLAT
  • Land Acres: 0000000170
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: E 69 FT LOTS 140 & 142 ORIGINAL PLAT

Neighborhood

  • School District Name: Adrian City School District
  • School Tax School District: SCH: 46010
  • Census Tract: 061302

Zoning

  • Zoning: R-4

Geography

  • District: XA0
  • Parcel: XA0-000-0135-00
  • Lot: 140,142
  • Municipality: ADRIAN CITY
  • Latitude: 41.8989
  • Longitude: -84.0323

    Address

  • Full Address: 224 Toledo St
  • Address - House Number: 224
  • Address - Street Name: Toledo
  • Address - Suffix Type: St
  • State: MI
  • City Name: Adrian
  • Carrier Code: C008
  • 4-Digit Zip Code: 2708
  • Zip Code: 49221

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Initial Tax Delinquent Year: 2016

    Appraisal Valuation

  • Standard Deviation: 0.1074
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 89
  • Final Value: 162,747
  • High Value: 180,232
  • Low Value: 145,262

    Market Valuation

  • Market Total Value: $80,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $40,300

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 16, 2021
  • Current Sale Recording Date: Dec 27, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Jan 21, 2021
  • Previous Sale Contract Date: Jan 14, 2021
  • Previous Sale Amount: $30,000
  • 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 Adrian

Stats & Trends

Median Asking:

$173,000

Sale Price/ft²

$127

Below Asking

0.03%

Average Days on Market

52

Average Home Size

1161 ft²

Average Home Age

116.8 years

Currently For Sale

14 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: Jonathon Eric Ferguson, PRODUCTION REALTY
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21096443
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 224 Toledo Street built and last sold?
The property at 224 Toledo Street was built in and last sold on Dec 16, 2021 for $160,000.
How much is this home worth?
The estimated value of the home located at 224 Toledo Street is $0.
What are some comparable homes to 224 Toledo Street?
There are currently no comparable homes to 224 Toledo Street.
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