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Parma 49269
329 ELIZABETH
$70,000
● House - Off Market

329 ELIZABETH

Parma, MI 49269
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,578 Ft²
$138,433
RealtyHop Estimate
84.82%
Since Mar 1, 2015
National-US
Primary Model

About This Property

Cozy home in the village of Parma, within walking distance of the park and a nice double lot, over half an acre.  New paint and kitchen, home has had many improvements and is in move in ready condition. Large bedroom upstairs,three bedrooms,  bath and laundry are on main level. Master bedroom have sliders that open to a covered deck and back yard, set your appointment today to see this home! Seller offering also owner financing with references and at least 10% down payment.
Unit Size
1,578 Ft²
Days on Market
-
Land Size
0.64 acres
Price per sqft
$47
Property Type
House
Property Taxes
$165
HOA Dues
-
Year Built
1900

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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 #21063246)

Price History

Date / Event Date Event Price
Feb 13, 2015 Sold
Premium
Sold
Jun 27, 2014 Listed by ERA REARDON REALTY, L.L.C. $74,900
Listed by ERA REARDON REALTY, L.L.C.
Sep 7, 2005 Sold
Premium
Sold
Jan 1, 1994 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Bedroom Count: 3
  • 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: 150
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 264
  • Garage Type: 7
  • Garage Square Area: 528
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 27,443
  • Lot Size Frontage Feet: 2,080
  • Total Building Area: 1,525
  • Building Area: 1,525
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,525
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ALDRICHS ADD
  • Land Acres: 0000000630
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: BEG AT SW COR OF LOT 4 BLK 4 ALDRICH'S ADDN TO VILLAGE OF PARMA TH S ALG E LN OF ELIZABETH ST 207.9 FT TH E PAR WITH E&W 1/4

Neighborhood

  • School District Name: Western School District
  • School Tax School District: 38010
  • Census Tract: 006500

Zoning

  • Zoning: VILLAGE

Geography

  • Assessors Map Reference: MAPS
  • District: 14
  • Parcel: 002-07-31-164-007-00
  • Block: 4
  • Lot: 4,132
  • Meridian: SEC 31 TWN 02S RNG 02W
  • Municipality: PARMA VILLAGE
  • Latitude: 42.2563
  • Longitude: -84.5967

    Address

  • Full Address: 329 Elizabeth St
  • Address - House Number: 329
  • Address - Street Name: Elizabeth
  • Address - Suffix Type: St
  • State: MI
  • City Name: Parma
  • Carrier Code: R061
  • 4-Digit Zip Code: 0428
  • Zip Code: 49269

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $228,949
  • Tax Rate Code Area: 48

    Appraisal Valuation

  • Standard Deviation: 0.2418
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 66
  • Final Value: 180,924
  • High Value: 224,677
  • Low Value: 137,171

    Market Valuation

  • Market Total Value: $126,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $63,000

    Sales

  • Current Sale Contract Date: Aug 30, 2005
  • Current Sale Recording Date: Sep 07, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2410527
  • Previous Sale Recording Date: Jan 01, 1994
  • Previous Sale Contract Date: Jan 01, 1994
  • Previous Sale Amount: $42,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
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 Parma

Stats & Trends

Median Asking:

$224,900

Sale Price/ft²

$112

Below Asking

0.03%

Average Days on Market

43

Average Home Size

1260 ft²

Average Home Age

-

Currently For Sale

1 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: MEREDYTHE L HILL-VanDUSEN, ERA REARDON REALTY, L.L.C.
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21063246
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 329 Elizabeth Street built and last sold?
The property at 329 Elizabeth Street was built in 1900 and last sold on Aug 30, 2005 for $88,500.
How much is this home worth?
The estimated value of the home located at 329 Elizabeth Street is $75,649.
What are some comparable homes to 329 Elizabeth Street?
There are currently no comparable homes to 329 Elizabeth Street.
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