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Marshall 49068
425 Locust Street
$25,000
● House - Off Market

425 Locust Street

Marshall, MI 49068
bedrooms
2 Beds
bathrooms
1 Bath
square feet
614 Ft²
$33,341
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model

About This Property

Call Matt Davis for information on this property.  RICE CREEK FRONTAGE. Serious rehab or tear down required.  Small creek front cottage that has a newer furnace.  Major renovations and work are needed.  There may be some weak spots in the flooring of the home, especially the kitchen - view at own peril. All buyers to be accompanied by a realtor with an approved appointment. Unaccompanied buyers will be considered to be trespassing. The sellers and listing broker/agent make no representation of the habitability or condition of this home. It iss an estate, current family has no knowledge of its condition.  Renovations should use licensed contractors and all proper permits. Buyer or buyer's agent to investigate possibilities (Including demolition) with City of Marshall building department.
Unit Size
614 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$49
Property Type
House
Property Taxes
$58
HOA Dues
-
Year Built
1880

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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 #21106734)

Price History

Date / Event Date Event Price
Dec 9, 2021 Sold
Premium
Sold
Sep 13, 2021 Listed by Real Estate One Rosemary Davis $29,900
Listed by Real Estate One Rosemary Davis

Property Highlights

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1880
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 3
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 614
  • 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 Depth Feet: 1,320
  • Lot Size Frontage Feet: 758
  • Total Building Area: 614
  • Building Area: 614
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 614
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MARSHALL CITY, UPPER VILLAGE
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: MARSHALL CITY, UPPER VILLAGE LOT 444

Neighborhood

  • School District Name: Marshall Public Schools
  • School Tax School District: MARSHALL
  • Census Tract: 004000

Zoning

  • Zoning: R-2

Geography

  • District: 53
  • Parcel: 53-001-444-00
  • Lot: 444
  • Municipality: MARSHALL CITY
  • Latitude: 42.2668
  • Longitude: -84.9551

    Address

  • Full Address: 425 Locust St
  • Address - House Number: 425
  • Address - Street Name: Locust
  • Address - Suffix Type: St
  • State: MI
  • City Name: Marshall
  • Carrier Code: C005
  • 4-Digit Zip Code: 1831
  • Zip Code: 49068

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $158,623

    Appraisal Valuation

  • Standard Deviation: 0.467
  • Valuation Date: Jun 21, 2023
  • Confidence Score: 6
  • Final Value: 79,885
  • High Value: 117,197
  • Low Value: 42,572

    Market Valuation

  • Market Total Value: $43,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $21,900

    Sales

  • Current Sale Contract Date: Nov 23, 2021
  • Current Sale Recording Date: Dec 09, 2021
  • 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 Marshall

Stats & Trends

Median Asking:

$239,900

Sale Price/ft²

$160

Below Asking

0.03%

Average Days on Market

56

Average Home Size

1659 ft²

Average Home Age

89.2 years

Currently For Sale

37 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

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MichRIC

Listed by: Matthew A Davis, Real Estate One Rosemary Davis
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21106734
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 Locust Street built and last sold?
The property at 425 Locust Street was built in 1880 and last sold on Nov 23, 2021 for $25,000.
How much is this home worth?
The estimated value of the home located at 425 Locust Street is $0.
What are some comparable homes to 425 Locust Street?
There are currently no comparable homes to 425 Locust Street.
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