For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Albion 49224
408 Miller Drive
$105,000
● House - Off Market

408 Miller Drive

Albion, MI 49224
bedrooms
2 Beds
bathrooms
1 Bath
square feet
768 Ft²
$536
Est. Monthly
11.48%
Cap Rate
Unit Size
768 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$130
Property Type
House
Property Taxes
$45
HOA Dues
-
Year Built
1953

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #24061960)

Price History

Date / Event Date Event Price
Dec 26, 2024 Sold
Premium
Sold
Dec 10, 2024 In contract -
In contract
Dec 5, 2024 Listed by Apex Realty Group $99,900
Listed by Apex Realty Group
Oct 29, 2024 Sold
Premium
Sold
Sep 26, 2024 Listed by LEFERE REALTY $49,900
Listed by LEFERE REALTY
Ranch home with 2 bedrooms and 1 bath. Close to shopping, highway, Albion College and other amenities. ''Please submit all offers to www.PropOffers.com. BUYER'S AGENT IS TO PAY A $175.00 OFFER MANAGEMENT FEE AT CLOSING OF ANY ACCEPTED OFFER. If you choose to use the Seller's preferred title insurance provider, the seller will pay for the buyer's owner title policy. All cash offers must be presented with proof of funds.''
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • 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: 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: 9,365
  • Lot Size Depth Feet: 1,340
  • Lot Size Frontage Feet: 705
  • Total Building Area: 768
  • Building Area: 768
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 768
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WIENERS ASSESSORS PLAT
  • Land Acres: 0000000215
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: ALBION CITY, WIENERS ASSESSORS PLAT LOT 177. (408 MILLER DRIVE)

Neighborhood

  • School District Name: Albion Public Schools
  • School Tax School District: ALBION
  • Census Tract: 003600

Zoning

  • Zoning: R1C

Geography

  • District: 51
  • Parcel: 51-014-177-00
  • Lot: 177
  • Municipality: ALBION CITY
  • Latitude: 42.2558
  • Longitude: -84.7497

    Address

  • Full Address: 408 Miller Dr
  • Address - House Number: 408
  • Address - Street Name: Miller
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Albion
  • Carrier Code: C007
  • 4-Digit Zip Code: 1143
  • Zip Code: 49224

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $55,081
  • Initial Tax Delinquent Year: 2016

    Appraisal Valuation

  • Standard Deviation: 0.4578
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 8
  • Final Value: 47,418
  • High Value: 69,130
  • Low Value: 25,705

    Market Valuation

  • Market Total Value: $55,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $27,900

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 11, 2024
  • Current Sale Recording Date: Jan 31, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 64
  • Previous Sale Recording Date: Mar 27, 2012
  • Previous Sale Contract Date: Apr 15, 2010
  • Previous Sale Amount: $1,636
  • Previous Sale Document Type: 58
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 Albion

Stats & Trends

Median Asking:

$135,000

Sale Price/ft²

$103

Below Asking

0.07%

Average Days on Market

73

Average Home Size

1488 ft²

Average Home Age

107.6 years

Currently For Sale

16 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

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: David P Kooistra, Apex Realty Group
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24061960
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 408 Miller Drive built and last sold?
The property at 408 Miller Drive was built in 1953 and last sold on Jan 11, 2024 for $21,626.
How much is this home worth?
The estimated value of the home located at 408 Miller Drive is $98,991.
What are some comparable homes to 408 Miller Drive?
There are currently no comparable homes to 408 Miller Drive.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Albion Homes for Sale
Albion Houses for Sale
Albion Multifamily for Sale
Albion Land for Sale
Albion Commercial for Sale
Albion Homes with Basements
Albion Homes with Pools
Albion Homes with Parking
Nearby Property Records
Calhoun County, MI Property Records
Jackson County, MI Property Records
Eaton County, MI Property Records
Branch County, MI Property Records
Hillsdale County, MI Property Records
Ingham County, MI Property Records
Barry County, MI Property Records
Kalamazoo County, MI Property Records
Nearby Counties
Sheridan Homes for Sale
Top Real Estate Agents
Top Agents in Albion
Top Agents in 49224
Top Agents in Sheridan