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St. Joseph 49085
324 Wallace Street
$104,000
● House - Off Market

324 Wallace Street

St. Joseph, MI 49085
bedrooms
2 Beds
bathrooms
1 Bath
square feet
864 Ft²
$198,083
RealtyHop Estimate
88.65%
Since May 1, 2014
National-US
Primary Model

About This Property

Cute and Charming, with lots of extra space in the basement and the bonus screen porch attached to the garage. The large rear yard is fenced. Kitchen updated with granite countertops and stainless steel appliances, and the bathroom is newly updated with beautiful custom tile work. Brand new carpet in the hall and bedrooms, with warm hardwood floors in the kitchen and living room. This home is a great buy, and will make a wonderful new home for you!
Unit Size
864 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$122
Property Type
House
Property Taxes
$185
HOA Dues
-
Year Built
1947

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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: 2 years ago (MichRIC MLS #14012637)

Price History

Date / Event Date Event Price
May 23, 2022 Sold
Premium
Sold
Jul 15, 2020 Sold
Premium
Sold
Apr 25, 2014 Sold
Premium
Sold
Mar 21, 2014 Listed by Realty Executives Instant Equity $105,000
Listed by Realty Executives Instant Equity
May 15, 2012 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1947
  • Building Count: 1
  • 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: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 848
  • Garage Type: 7
  • Garage Square Area: 308
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,057
  • Lot Size Depth Feet: 1,360
  • Lot Size Frontage Feet: 520
  • Total Building Area: 848
  • Building Area: 848
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 848
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CLEVELAND PARK SUB
  • Land Acres: 0000000162
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 10 REVISED PLAT OF CLEVELAND PARK SUBDN OF A PT OF UNIV LOT 73 SEC 26 T4S R19W

Neighborhood

  • School District Name: St. Joseph Public Schools
  • School Tax School District: ST JOSEPH
  • Census Tract: 000801

Zoning

  • Zoning: R1 - C

Geography

  • Assessors Map Reference: 026-4
  • District: 76
  • Parcel: 76-1170-0010-00-7
  • Lot: 10,73
  • Meridian: SEC 26 TWN 04S RNG 19W
  • Municipality: ST JOSEPH CITY
  • Latitude: 42.0924
  • Longitude: -86.4934

    Address

  • Full Address: 324 Wallace Ave
  • Legal Unit: 10,73
  • Address - House Number: 324
  • Address - Street Name: Wallace
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Saint Joseph
  • Carrier Code: C014
  • 4-Digit Zip Code: 1828
  • Zip Code: 49085

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $330,731

    Appraisal Valuation

  • Standard Deviation: 0.2503
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 64
  • Final Value: 237,998
  • High Value: 297,580
  • Low Value: 178,415

    Market Valuation

  • Market Total Value: $167,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $83,800

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 17, 2022
  • Current Sale Recording Date: May 23, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 353659
  • Previous Sale Recording Date: Jul 15, 2020
  • Previous Sale Contract Date: Jul 10, 2020
  • Previous Sale Amount: $182,000
  • 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 St. Joseph

Stats & Trends

Median Asking:

$369,900

Sale Price/ft²

$233

Below Asking

0.02%

Average Days on Market

50

Average Home Size

1717 ft²

Average Home Age

78.4 years

Currently For Sale

33 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

Unit for rent at 537 Winchester Avenue, St. Joseph, MI, 49085

$1,200 /mo

  • 1 Bed
  • 1 Bath
  • 900 ft²
537 Winchester Avenue #UPPER, St. Joseph, MI, 49085 Listing by Laura Jewell

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Paul Hicks, Realty Executives Instant Equity
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 14012637
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 324 Wallace Avenue built and last sold?
The property at 324 Wallace Avenue was built in 1947 and last sold on May 17, 2022 for $215,000.
How much is this home worth?
The estimated value of the home located at 324 Wallace Avenue is $0.
What are some comparable homes to 324 Wallace Avenue?
There are currently no comparable homes to 324 Wallace Avenue.
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