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Albion 49224
418 Darrow Street
$180,000
● House - Off Market

418 Darrow Street

Albion, MI 49224
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,800 Ft²
$909
Est. Monthly

About This Property

Beautiful and move-in ready Albion 2 story home by the college! This bright and clean house has 3 bedrooms, 1.5 bathrooms, over 1500 finished square feet, well-maintained hardwood floors, a fenced-in yard with a gazebo patio, and is a short walk to downtown with restaurants and stores less than a mile round trip away! Pride of ownership is self evident, for all you need to do is move in and make it your own! Updated electrical panel and water heater eliminates those worries on the mechanical side of things; call to set up a showing!
Unit Size
1,800 Ft²
Days on Market
39 days
Land Size
0.10 acres
Price per sqft
$103
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1958

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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 #25037382)

Price History

Date / Event Date Event Price
Sep 5, 2025 Sold
Premium
Sold
Aug 2, 2025 In contract -
In contract
Jul 28, 2025 Listed by Real Estate One Rosemary Davis $185,000
Listed by Real Estate One Rosemary Davis
Jan 7, 2022 Sold
Premium
Sold
Mar 27, 2006 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Bedroom Count: 3
  • 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: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 720
  • Garage Type: 7
  • Garage Square Area: 288
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,443
  • Lot Size Depth Feet: 740
  • Lot Size Frontage Feet: 471
  • Total Building Area: 1,440
  • Building Area: 1,440
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,440
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FAIRVIEW ADDITION
  • Land Acres: 0000000102
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: ALBION CITY, FAIRVIEW ADDITION LOT 19

Neighborhood

  • School District Name: Albion Public Schools
  • School Tax School District: ALBION
  • Census Tract: 003400

Zoning

  • Zoning: R1C

Geography

  • District: 51
  • Parcel: 51-004-419-00
  • Lot: 19
  • Municipality: ALBION CITY
  • Latitude: 42.2414
  • Longitude: -84.7449

    Address

  • Full Address: 418 Darrow St
  • Address - House Number: 418
  • Address - Street Name: Darrow
  • Address - Suffix Type: St
  • State: MI
  • City Name: Albion
  • Carrier Code: C008
  • 4-Digit Zip Code: 2227
  • Zip Code: 49224

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $156,972

    Appraisal Valuation

  • Standard Deviation: 0.467
  • Valuation Date: Jun 21, 2023
  • Confidence Score: 6
  • Final Value: 105,136
  • High Value: 154,242
  • Low Value: 56,029

    Market Valuation

  • Market Total Value: $81,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $40,800

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 29, 2021
  • Current Sale Recording Date: Jan 07, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Mar 27, 2006
  • Previous Sale Contract Date: Mar 09, 2006
  • Previous Sale Amount: $94,000
  • 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 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

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MichRIC

Listed by: Max Brundage, Real Estate One Rosemary Davis
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25037382
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 418 Darrow Street built and last sold?
The property at 418 Darrow Street was built in 1958 and last sold on Dec 29, 2021 for $142,000.
How much is this home worth?
The estimated value of the home located at 418 Darrow Street is $0.
What are some comparable homes to 418 Darrow Street?
There are currently no comparable homes to 418 Darrow Street.
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