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Albion 49224
302 PERRY
$202,000
● House - Off Market

302 PERRY

Albion, MI 49224
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,332 Ft²
$289,789
RealtyHop Estimate
38.65%
Since Aug 1, 2020
National-US
Primary Model

About This Property

Completely rehabilitated home in the sought after Harrington Neighborhood between Albion College and downtown Albion. This home features all new HVAC, plumbing and electrical systems and a two car garage all on a generous double lot. The first floor has an open floor plan with a brand new kitchen with quartz countertops and suite of appliances. The rear part of the first floor features a mud room off the rear entrance near the garage. Off the mud room are the main floor full bath and laundry. The second floor has all three bedrooms with a conveniently located family bathroom opposite a large linen closet. The master bedroom features a huge picture window and vaulted ceiling along with three closets.
Unit Size
1,332 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$157
Property Type
House
Property Taxes
$80
HOA Dues
-
Year Built
1920

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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 #21048805)

Price History

Date / Event Date Event Price
Jul 29, 2020 Sold
Premium
Sold
Mar 30, 2020 Listed by Ace Real Estate Services $209,000
Listed by Ace Real Estate Services
Sep 11, 2019 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 738
  • 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: 5,663
  • Lot Size Depth Feet: 990
  • Lot Size Frontage Feet: 531
  • Total Building Area: 1,332
  • Building Area: 1,332
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,332
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ALBION CITY ORIGINAL
  • Land Acres: 0000000130
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: ALBION CITY, ORIGINAL PLAT BLK 39 W. 57 FT OF LOT 1

Neighborhood

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

Zoning

  • Zoning: R3C

Geography

  • District: 51
  • Parcel: 51-000-680-00
  • Block: 39
  • Lot: 1
  • Municipality: ALBION CITY
  • Latitude: 42.2458
  • Longitude: -84.7498

    Address

  • Full Address: 302 Perry St
  • Address - House Number: 302
  • Address - Street Name: Perry
  • Address - Suffix Type: St
  • State: MI
  • City Name: Albion
  • Carrier Code: C005
  • 4-Digit Zip Code: 1719
  • Zip Code: 49224

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $130,761

    Appraisal Valuation

  • Standard Deviation: 0.467
  • Valuation Date: Jun 21, 2023
  • Confidence Score: 6
  • Final Value: 103,914
  • High Value: 152,449
  • Low Value: 55,378

    Market Valuation

  • Market Total Value: $79,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $39,500

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 17, 2020
  • Current Sale Recording Date: Jul 29, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Sep 11, 2019
  • Previous Sale Contract Date: Aug 28, 2019
  • Previous Sale Amount: $97,547
  • 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: Joseph Verbeke, Ace Real Estate Services
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21048805
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 302 Perry Street built and last sold?
The property at 302 Perry Street was built in 1920 and last sold on Jul 17, 2020 for $202,000.
How much is this home worth?
The estimated value of the home located at 302 Perry Street is $0.
What are some comparable homes to 302 Perry Street?
There are currently no comparable homes to 302 Perry Street.
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