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Parma 49269
361 ELIZABETH
$95,500
● House - Off Market

361 ELIZABETH

Parma, MI 49269
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,624 Ft²
$140,272
RealtyHop Estimate
33.72%
Since Nov 1, 2020
National-US
Primary Model

About This Property

Looking for no steps and everything on one level? Here is the home you have been waiting for. Lovely one story home, Nice floor plan, large kitchen with breakfast nook, open to living room, Nice master with adjoining full bath, garden tub, 2 bedrooms on separate end of house, 2nd full bath, laundry room, All Appliances stay, Freshly stained Deck for relaxing, between house and 2 car garage, great yard sitting on a half acre, 2 sheds, Western Schools, move in ready! Manufacture Built in 2000.
Unit Size
1,624 Ft²
Days on Market
-
Land Size
0.50 acres
Price per sqft
$65
Property Type
House
Property Taxes
$155
HOA Dues
-
Year Built
2000

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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 #21047699)

Price History

Date / Event Date Event Price
Oct 16, 2020 Sold
Premium
Sold
Jul 29, 2020 Listed by ERA REARDON REALTY, L.L.C. $104,900
Listed by ERA REARDON REALTY, L.L.C.
Nov 19, 2004 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2000
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,780
  • Lot Size Frontage Feet: 1,320
  • Total Building Area: 1,456
  • Building Area: 1,456
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,456
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000500
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: BEG AT W 1/4 POST OF SEC 31 TH E ALG E&W 1/4 LN 825 FT TO E LN OF ELIZABETH ST FOR PL OF BEG OF THIS DESCN TH N PAR WITH W

Neighborhood

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

Zoning

  • Zoning: VILLAGE

Geography

  • Assessors Map Reference: MAPS 23-07D
  • District: 14
  • Parcel: 002-07-31-164-012-02
  • Meridian: SEC 31 TWN 02S RNG 02W
  • Municipality: PARMA VILLAGE
  • Latitude: 42.2551
  • Longitude: -84.5965

    Address

  • Full Address: 361 Elizabeth St
  • Address - House Number: 361
  • 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: $361,066
  • Tax Rate Code Area: 48

    Appraisal Valuation

  • Standard Deviation: 0.2727
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 60
  • Final Value: 194,880
  • High Value: 248,027
  • Low Value: 141,733

    Market Valuation

  • Market Total Value: $167,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $83,500

    Sales

  • Current Sale Contract Date: Oct 08, 2020
  • Current Sale Recording Date: Oct 16, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2862454
  • Previous Sale Recording Date: Nov 19, 2004
  • Previous Sale Contract Date: Nov 12, 2004
  • Previous Sale Amount: $117,000
  • 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 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: TRACEY J CONNORS, ERA REARDON REALTY, L.L.C.
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21047699
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 361 Elizabeth Street built and last sold?
The property at 361 Elizabeth Street was built in 2000 and last sold on Oct 8, 2020 for $95,500.
How much is this home worth?
The estimated value of the home located at 361 Elizabeth Street is $0.
What are some comparable homes to 361 Elizabeth Street?
There are currently no comparable homes to 361 Elizabeth Street.
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