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Parma 49269
356 ELIZABETH ST
$54,400
● House - Off Market

356 ELIZABETH ST

Parma, MI 49269
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,348 Ft²
$116,833
RealtyHop Estimate
95.05%
Since Dec 1, 2013
National-US
Primary Model

About This Property

Cute house in a great location! Close to local park and  4 houses down from Parma Elementary.  Home is spacious living room and bedrooms, very large closets! This home also has an attached garage with breezeway connecting it to the house and an Automatic generator that runs on natural gas.  Large lot! Don't miss this one!
Unit Size
1,348 Ft²
Days on Market
-
Land Size
0.70 acres
Price per sqft
$44
Property Type
House
Property Taxes
$117
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 #21092406)

Price History

Date / Event Date Event Price
Dec 5, 2013 Sold
Premium
Sold
Aug 1, 2013 Listed by ERA REARDON REALTY, L.L.C. $59,900
Listed by ERA REARDON REALTY, L.L.C.

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1945
  • 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: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,008
  • Garage Type: 7
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,731
  • Lot Size Frontage Feet: 1,320
  • Total Building Area: 1,008
  • Building Area: 1,008
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,008
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ALDRICHS ADD
  • Land Acres: 0000000430
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: BEG AT A PT 12 RDS S OF SE COR OF LOT 4 BLK 2 ALDRICH'S ADDITION TH S TO A PT 264 FT N OF E&W 1/4 LN OF SEC 31 TH W 8 RDS TH

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: 002-07-31-163-018-00
  • Block: 2
  • Lot: 4
  • Meridian: SEC 31 TWN 02S RNG 02W
  • Municipality: PARMA VILLAGE
  • Latitude: 42.2556
  • Longitude: -84.5972

    Address

  • Full Address: 356 Elizabeth St
  • Legal Unit: 4,4
  • Address - House Number: 356
  • 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: $99,762
  • Tax Rate Code Area: 48

    Appraisal Valuation

  • Standard Deviation: 0.1902
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 74
  • Final Value: 152,126
  • High Value: 181,074
  • Low Value: 123,178

    Market Valuation

  • Market Total Value: $101,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $50,700

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 26, 2013
  • Current Sale Recording Date: Dec 05, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2669994
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: RICK J REARDON, ERA REARDON REALTY, L.L.C.
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21092406
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 356 Elizabeth Street built and last sold?
The property at 356 Elizabeth Street was built in 1945 and last sold on Nov 26, 2013 for $54,400.
How much is this home worth?
The estimated value of the home located at 356 Elizabeth Street is $69,308.
What are some comparable homes to 356 Elizabeth Street?
There are currently no comparable homes to 356 Elizabeth Street.
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