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Mason 48854
302 Steele Street
$68,700
● House - Off Market

302 Steele Street

Mason, MI 48854
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,119 Ft²
$44,975
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

Three bedroom, 1 bath home on a corner lot in the City of Mason. Home has a 1 car attached garage and a fenced back yard.  Located within 3 blocks of downtown. AS IS, CASH ONLY SALE. VAREP Addendum required with ALL offers. NO LLC's or Corps. Please allow 3-5 business days for offer review (USA Homeownership Foundation, Inc. DBA VAREP is a 501-c3 and is not affiliated with the VA or any government agency)  There are multiple offers. Seller is requesting highest & best offers by 6/1, noon.
Unit Size
1,119 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$40
Property Type
House
Property Taxes
$309
HOA Dues
-
Year Built
1945

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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 #23017558)

Price History

Date / Event Date Event Price
Jun 29, 2023 Sold
Premium
Sold
May 26, 2023 Listed by LEFERE REALTY $44,900
Listed by LEFERE REALTY
Dec 8, 2022 No longer available -
No longer available
Dec 1, 2022 Listed by LEFERE REALTY $89,900
Listed by LEFERE REALTY
Apr 21, 2022 Sold
Premium
Sold
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1945
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 8
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 4
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 14
  • Basement Type: 9
  • Basement Area: 1,119
  • Garage Type: 7
  • Garage Square Area: 384
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 8
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,712
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 660
  • Total Building Area: 1,119
  • Gross Building Area: 1,119
  • Building Area: 1,119
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,119
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DARLING & BARNETT S ADD
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: N 1/2 OF LOTS 7 & 8, BLOCK 1 DARLING & BARNETT'S ADDITION, SEC 9 T2N R1W, CITY OF MASON, INGHAM CO

Neighborhood

  • School District Name: Mason Public Schools
  • School Tax School District: 33130
  • Census Tract: 006301

Zoning

  • Zoning: R2F

Geography

  • Assessors Map Reference: 10-9B
  • District: 19-10
  • Section: 9
  • Parcel: 33-19-10-09-109-012
  • Block: 1
  • Lot: 7-8
  • Meridian: SEC 09 TWN 02N RNG 01W
  • Municipality: MASON CITY
  • Latitude: 42.58
  • Longitude: -84.4363

    Address

  • Full Address: 302 Steele St
  • Legal Unit: 9
  • Address - House Number: 302
  • Address - Street Name: Steele
  • Address - Suffix Type: St
  • State: MI
  • City Name: Mason
  • Carrier Code: C002
  • 4-Digit Zip Code: 1742
  • Zip Code: 48854

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $351,260
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1044
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 89
  • Final Value: 89,599
  • High Value: 98,953
  • Low Value: 80,244

    Market Valuation

  • Market Total Value: $131,960
  • Market Land Value: $56,100
  • Market Improvement Value: $75,860

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $65,980
  • Assessed Land Value: $28,050
  • Assessed Improvements Value: $37,930

    Sales

  • Current Sale Contract Date: Jun 15, 2023
  • Current Sale Recording Date: Jun 29, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 31351
  • Previous Sale Recording Date: Apr 21, 2022
  • Previous Sale Contract Date: Mar 31, 2022
  • Previous Sale Amount: $48,107
  • 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 Mason

Stats & Trends

Median Asking:

$229,900

Sale Price/ft²

$138

Above Asking

0.00%

Average Days on Market

36

Average Home Size

580 ft²

Average Home Age

142 years

Currently For Sale

1 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

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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# 23017558
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 Steele Street built and last sold?
The property at 302 Steele Street was built in 1945 and last sold on Jun 15, 2023 for $68,700.
How much is this home worth?
The estimated value of the home located at 302 Steele Street is $0.
What are some comparable homes to 302 Steele Street?
There are currently no comparable homes to 302 Steele Street.
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