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Calhoun 49224
29240 Albion Road
$147,000
● House - Off Market

29240 Albion Road

Albion, MI 49224
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,450 Ft²
$125,461
RealtyHop Estimate
4.64%
Since Nov 1, 2022
National-US
Primary Model

About This Property

Two possible 3 bedroom, 2 bath home with walk-out finished basement. Possible 3rd bedroom in basement. 2.5 car attached garage and deck. All offers must be submitted by the buyer's agent using the online offer management system. Access the system via the link below. A technology fee will apply to the buyer's broker upon consummation of a sale..

Offer link to property:  http://www.spsreo.com/?c=C7SA

In a multiple offer situation. Highest & best offers to be submitted by 9/8/22, 11:59 p.m.
Unit Size
2,450 Ft²
Days on Market
-
Land Size
1.24 acres
Price per sqft
$49
Property Type
House
Property Taxes
$216
HOA Dues
-
Year Built
1956

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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 #22036882)

Price History

Date / Event Date Event Price
Oct 19, 2022 Sold
Premium
Sold
Aug 25, 2022 Listed by LEFERE REALTY $119,900
Listed by LEFERE REALTY
Apr 2, 2021 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,550
  • Garage Type: 7
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 54,014
  • Total Building Area: 1,550
  • Building Area: 1,550
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,550
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001240
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: . ALBION TWP SEC 1 BEG CL ALB-CONCORD RD 1368.13' SELY OF W SEC LI- AT RA TORD-SWLY 400'- SELY 135.4'-NELY 400'- NWLY 135.4

Neighborhood

  • School District Name: Albion Public Schools
  • School Tax School District: ALBION
  • Census Tract: 003400

Zoning

  • Zoning: RNF-1

Geography

  • District: 01
  • Parcel: 01-101-147-00
  • Meridian: TWN 3S RNG 4W
  • Municipality: ALBION TWP
  • Latitude: 42.2336
  • Longitude: -84.731

    Address

  • Full Address: 29240 Albion Rd
  • Address - House Number: 29240
  • Address - Street Name: Albion
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Albion
  • Carrier Code: R001
  • 4-Digit Zip Code: 9765
  • Zip Code: 49224

Valuation

    Tax

  • Tax Year: 2020
  • Tax Amount: $215,187

    Appraisal Valuation

  • Standard Deviation: 0.1151
  • Valuation Date: Jun 21, 2023
  • Confidence Score: 87
  • Final Value: 158,200
  • High Value: 176,421
  • Low Value: 139,979

    Market Valuation

  • Market Total Value: $206,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $103,150

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 10, 2022
  • Current Sale Recording Date: Oct 19, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Apr 02, 2021
  • Previous Sale Contract Date: Mar 25, 2021
  • Previous Sale Amount: $123,300
  • Previous Sale Document Type: 64
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 Calhoun

Stats & Trends

Median Asking:

$210,000

Sale Price/ft²

$142

Below Asking

0.03%

Average Days on Market

56

Average Home Size

1825 ft²

Average Home Age

73.3 years

Currently For Sale

332 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: DOUGLAS J DEMOTT, LEFERE REALTY
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 22036882
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 29240 Albion Road built and last sold?
The property at 29240 Albion Road was built in 1956 and last sold on Oct 10, 2022 for $143,000.
How much is this home worth?
The estimated value of the home located at 29240 Albion Road is $0.
What are some comparable homes to 29240 Albion Road?
There are currently no comparable homes to 29240 Albion Road.
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