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Marcellus 49067
394 E Arbor Street
$142,000
● House - Off Market

394 E Arbor Street

Marcellus, MI 49067
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,201 Ft²
$141,205
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

New Listing!  Cute 3 bedroom 1 bath move in ready home in the Village of Marcellus.  You'll love the layout and updates throughout this home.  Great size rooms, updated kitchen with plenty of storage & counter space, fenced in backyard, corner lot, new roof in 2022, and detached 1 stall garage.  Bonus, seller providing a 1 year home warranty.  Schedule your showing today.
Unit Size
1,201 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$118
Property Type
House
Property Taxes
$139
HOA Dues
-
Year Built
-

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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 #23012944)

Price History

Date / Event Date Event Price
Aug 9, 2023 Sold
Premium
Sold
Apr 27, 2023 Listed by Fifth Floor Real Estate LLC $142,000
Listed by Fifth Floor Real Estate LLC
Jan 27, 2021 Sold
Premium
Sold
Nov 17, 2020 Listed by Fifth Floor Real Estate LLC $130,000
Listed by Fifth Floor Real Estate LLC
Feb 28, 2018 Sold
Premium
Sold
Show More

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Bedroom Count: 0
  • 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 Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,712
  • Lot Size Frontage Feet: 0
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SOUTH 3 EAST
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: 394-350 V-141 VIL MARCELLUS LOT 1 B1S-3E.

Neighborhood

  • School District Name: Marcellus Community Schools
  • School Tax School District: MARCELLUS
  • Census Tract: 001701

Geography

  • District: 050
  • Parcel: 14-051-551-001-00
  • Lot: 1
  • Municipality: MARCELLUS VILLAGE
  • Latitude: 42.0267
  • Longitude: -85.8084

    Address

  • Full Address: 394 E Main St
  • Address - House Number: 394
  • Street Direction: E
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: MI
  • City Name: Marcellus
  • Carrier Code: R003
  • 4-Digit Zip Code: 9501
  • Zip Code: 49067

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $74,680
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.3717
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 25
  • Final Value: 168,478
  • High Value: 231,102
  • Low Value: 105,853

    Market Valuation

  • Market Total Value: $144,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $72,300

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 14, 2011
  • Current Sale Recording Date: Jul 15, 2011
  • Current Sale Price:
    Premium
  • Current 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 Marcellus

Stats & Trends

Median Asking:

$152,400

Sale Price/ft²

$121

Below Asking

0.05%

Average Days on Market

69

Average Home Size

1609 ft²

Average Home Age

92.1 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

Nearby Rentals

Rentals Near You

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MichRIC

Listed by: Darren DeFever, Fifth Floor Real Estate LLC
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 23012944
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 394 East Arbor Street built and last sold?
The property at 394 East Arbor Street was built in and last sold on Jul 14, 2011 for $16,500.
How much is this home worth?
The estimated value of the home located at 394 East Arbor Street is $0.
What are some comparable homes to 394 East Arbor Street?
There are currently no comparable homes to 394 East Arbor Street.
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