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Parma 49269
231 JAMES ST
$40,000
● House - Off Market

231 JAMES ST

Parma, MI 49269
bedrooms
2 Beds
bathrooms
1 Bath
square feet
831 Ft²
$75,560
RealtyHop Estimate
67.91%
Since Feb 1, 2017
National-US
Primary Model

About This Property

Nice little house in the Village of Parma. Very affordable features 2 bedrooms,1 bath,nice fenced in back yard with shed. Western schools & near the highway for commuters to Jackson,Battle Creek & Ann Arbor.
Unit Size
831 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$54
Property Type
House
Property Taxes
$59
HOA Dues
-
Year Built
1945

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #21057466)

Price History

Date / Event Date Event Price
Feb 1, 2017 Sold
Premium
Sold
Dec 12, 2016 Listed by ERA REARDON REALTY, L.L.C. $45,000
Listed by ERA REARDON REALTY, L.L.C.

Property Highlights

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1945
  • 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: 743
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,356
  • Total Building Area: 831
  • Building Area: 831
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 831
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ORIGINAL PLAT OF GROVELAND
  • Land Acres: 0000000100
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: ORIGINAL PLAT OF GROVELAND VILLAGE OF PARMA BLK 3 W 33 FT OF LOT 5

Neighborhood

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

Zoning

  • Zoning: R 1

Geography

  • Assessors Map Reference: MAPS NE1/4, SEC
  • District: 11
  • Parcel: 003-06-36-276-006-00
  • Block: 3
  • Lot: 5
  • Municipality: PARMA VILLAGE
  • Latitude: 42.2579
  • Longitude: -84.6023

    Address

  • Full Address: 231 James St
  • Address - House Number: 231
  • Address - Street Name: James
  • Address - Suffix Type: St
  • State: MI
  • City Name: Parma
  • Carrier Code: R061
  • 4-Digit Zip Code: 9829
  • Zip Code: 49269

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $101,615
  • Tax Rate Code Area: 46

    Appraisal Valuation

  • Standard Deviation: 0.2418
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 66
  • Final Value: 83,322
  • High Value: 103,471
  • Low Value: 63,172

    Market Valuation

  • Market Total Value: $55,400
  • Market Land Value: $55,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $27,700
  • Assessed Land Value: $27,700

    Sales

  • Current Sale Contract Date: Jan 27, 2017
  • Current Sale Recording Date: Feb 01, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2759494
  • Previous Sale Recording Date: Feb 01, 2017
  • Previous Sale Contract Date: Jan 27, 2017
  • Previous Sale Amount: $28,900
  • 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 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: GEORGE D COPP, ERA REARDON REALTY, L.L.C.
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21057466
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 231 James Street built and last sold?
The property at 231 James Street was built in 1945 and last sold on Jan 27, 2017 for $40,000.
How much is this home worth?
The estimated value of the home located at 231 James Street is $0.
What are some comparable homes to 231 James Street?
There are currently no comparable homes to 231 James Street.
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