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Albion 49224
425 Brockway Place
$110,000
● House - Off Market

425 Brockway Place

Albion, MI 49224
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,612 Ft²
$130,797
RealtyHop Estimate
4.64%
Since Nov 1, 2022
National-US
Primary Model
Unit Size
1,612 Ft²
Days on Market
-
Land Size
0.47 acres
Price per sqft
$78
Property Type
House
Property Taxes
$217
HOA Dues
-
Year Built
1940

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #22035129)

Price History

Date / Event Date Event Price
Nov 16, 2022 Sold
Premium
Sold
Oct 7, 2022 Sold
Premium
Sold
Aug 16, 2022 Listed by ACE Real Estate Services $125,000
Listed by ACE Real Estate Services
Jan 6, 2021 Sold
Premium
Sold

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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 Cover: 0
  • Basement Type: 9
  • Basement Area: 554
  • Garage Type: 7
  • Garage Square Area: 496
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,517
  • Lot Size Depth Feet: 1,260
  • Lot Size Frontage Feet: 1,013
  • Total Building Area: 1,612
  • Building Area: 1,612
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,612
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FAIRVIEW ADDITION
  • Land Acres: 0000000471
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: ALBION CITY, FAIRVIEW ADDITION LOTS 37-38-39

Neighborhood

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

Zoning

  • Zoning: R1C

Geography

  • District: 51
  • Parcel: 51-004-437-00
  • Lot: 37-39
  • Municipality: ALBION CITY
  • Latitude: 42.241
  • Longitude: -84.7434

    Address

  • Full Address: 425 Brockway Pl
  • Address - House Number: 425
  • Address - Street Name: Brockway
  • Address - Suffix Type: Pl
  • State: MI
  • City Name: Albion
  • Carrier Code: C008
  • 4-Digit Zip Code: 2224
  • Zip Code: 49224

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $259,167
  • Initial Tax Delinquent Year: 2016

    Appraisal Valuation

  • Standard Deviation: 0.4581
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 8
  • Final Value: 129,337
  • High Value: 188,589
  • Low Value: 70,084

    Market Valuation

  • Market Total Value: $130,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $65,200

    Sales

  • Current Sale Contract Date: Oct 07, 2022
  • Current Sale Recording Date: Nov 16, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Jan 06, 2021
  • Previous Sale Contract Date: Dec 10, 2020
  • Previous Sale Amount: $75,500
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
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

1494 ft²

Average Home Age

105 years

Currently For Sale

15 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: Joseph Verbeke, ACE Real Estate Services
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 22035129
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 425 Brockway Place built and last sold?
The property at 425 Brockway Place was built in 1940 and last sold on Oct 7, 2022 for $110,000.
How much is this home worth?
The estimated value of the home located at 425 Brockway Place is $0.
What are some comparable homes to 425 Brockway Place?
There are currently no comparable homes to 425 Brockway Place.
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