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Parma 49269
412 E MAIN
$220,000
● House - Off Market

412 E MAIN

Parma, MI 49269
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,754 Ft²
$221,250
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model

About This Property

Make this beautiful 5 bedroom, 2.5 bath home yours! Located in Western School District on just over 1 acre and almost 3,000sf of livable space you will not be disappointed. Hardwood floors throughout most of the house, new (giant) kitchen, formal dining room, living room, laundry room, egress window in the basement, everything you can imagine. Call for more info.
Unit Size
2,754 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$71
Property Type
House
Property Taxes
$135
HOA Dues
-
Year Built
1910

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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 #21096390)

Price History

Date / Event Date Event Price
Oct 6, 2021 Sold
Premium
Sold
Jun 18, 2021 Listed by THE REAL ESTATE CONNECTION $194,900
Listed by THE REAL ESTATE CONNECTION
May 22, 2017 Sold
Premium
Sold
Jul 1, 1992 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Building Count: 2
  • Bedroom Count: 0
  • 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: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,288
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 33,541
  • Lot Size Frontage Feet: 1,050
  • Total Building Area: 2,192
  • Building Area: 2,192
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,192
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MOES ADD
  • Land Acres: 0000000770
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: BEG AT SE COR OF BLK 1 MOE'S ADDITION TO THE VILLAGE OF PARMA TH ELY ALG NLY LN OF TERRITORIAL RD 302.8 FT TO PL OF BEG OF

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: 002-07-31-102-019-00
  • Block: 1
  • Meridian: SEC 31 TWN 02S RNG 02W
  • Municipality: PARMA VILLAGE
  • Latitude: 42.2588
  • Longitude: -84.5963

    Address

  • Full Address: 412 E Main St
  • Address - House Number: 412
  • Street Direction: E
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: MI
  • City Name: Parma
  • Carrier Code: R064
  • 4-Digit Zip Code: 9668
  • Zip Code: 49269

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $280,917
  • Tax Rate Code Area: 48

    Appraisal Valuation

  • Standard Deviation: 0.1855
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 75
  • Final Value: 265,235
  • High Value: 314,446
  • Low Value: 216,025

    Market Valuation

  • Market Total Value: $208,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $104,400

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 28, 2021
  • Current Sale Recording Date: Oct 06, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2895695
  • Previous Sale Recording Date: May 22, 2017
  • Previous Sale Contract Date: May 01, 2017
  • Previous Sale Amount: $30,000
  • Previous Sale Document Type: 40
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

Rentals Near You

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MichRIC

Listed by: Rusty James Wellman, THE REAL ESTATE CONNECTION
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21096390
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 412 East Main Street built and last sold?
The property at 412 East Main Street was built in 1910 and last sold on Sep 28, 2021 for $220,000.
How much is this home worth?
The estimated value of the home located at 412 East Main Street is $0.
What are some comparable homes to 412 East Main Street?
There are currently no comparable homes to 412 East Main Street.
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