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Morenci 49256
320 Burley Street
$147,300
● House - Off Market

320 Burley Street

Morenci, MI 49256
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,587 Ft²
$900
Est. Monthly
17.71%
Cap Rate

About This Property

Charming 3-Bedroom Home in Morenci with Spacious Garage! Welcome to this delightful 3-bedroom, 1-bathroom home boasting over 1,500 square feet of living space. Situated in a peaceful Morenci neighborhood, this property offers a perfect blend of comfort and functionality. Convenient First-Floor Bedroom, ideal for easy living or a versatile guest room/office space. Open Living Area with Plenty of room to relax or entertain with a seamless flow between living and dining spaces. Keep your vehicles protected with ample room for storage or hobbies. This home offers a cozy yet spacious atmosphere perfect for first-time buyers, growing families, or those looking to downsize without sacrificing space. Make it your own and enjoy the charm of Morenci living!
Unit Size
1,587 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$93
Property Type
House
Property Taxes
$176
HOA Dues
-
Year Built
1920

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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: 2 years ago (MichRIC MLS #25000303)

Price History

Date / Event Date Event Price
Jan 2, 2025 Sold
Premium
Sold
Nov 22, 2024 Listed by NON-MEMBER REALTOR 'LIST' $147,300
Listed by NON-MEMBER REALTOR 'LIST'
Dec 20, 2019 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 8
  • 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: 9
  • Basement Area: 1,143
  • Garage Type: 7
  • Garage Square Area: 544
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,890
  • Total Building Area: 1,587
  • Building Area: 1,587
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 6
  • Heating: 4
  • Heated Square Feet: 1,587
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WILLIAM D PAGES ADD
  • Land Acres: 0000000250
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: HOUSE AND LOT 44 WILLIAM D PAGES ADDITION

Neighborhood

  • School District Name: Morenci Area Schools
  • School Tax School District: SCH: 46100
  • Census Tract: 061900

Geography

  • District: XM0
  • Parcel: XM0-540-0440-00
  • Lot: 44
  • Municipality: MORENCI CITY
  • Latitude: 41.7217
  • Longitude: -84.2107

    Address

  • Full Address: 320 Burley St
  • Address - House Number: 320
  • Address - Street Name: Burley
  • Address - Suffix Type: St
  • State: MI
  • City Name: Morenci
  • Carrier Code: C001
  • 4-Digit Zip Code: 1302
  • Zip Code: 49256

Valuation

    Tax

  • Tax Year: 2021
  • Tax Amount: $514,736

    Market Valuation

  • Market Total Value: $96,200

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $48,100

    Sales

  • Current Sale Contract Date: Dec 19, 2019
  • Current Sale Recording Date: Dec 20, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Mar 31, 1995
  • Previous Sale Contract Date: Mar 31, 1995
  • Previous Sale Document Type: 27
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 Morenci

Stats & Trends

Median Asking:

$209,450

Sale Price/ft²

$100

Below Asking

0.03%

Average Days on Market

45

Average Home Size

1489 ft²

Average Home Age

113.1 years

Currently For Sale

7 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

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MichRIC

Listed by: MichRIC Non-Member, NON-MEMBER REALTOR 'LIST'
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25000303
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 320 Burley Street built and last sold?
The property at 320 Burley Street was built in 1920 and last sold on Dec 19, 2019 for $89,900.
How much is this home worth?
The estimated value of the home located at 320 Burley Street is $148,280.
What are some comparable homes to 320 Burley Street?
There are currently no comparable homes to 320 Burley Street.
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