For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Albion 49224
505 IRWIN
$164,900
● House - Off Market

505 IRWIN

Albion, MI 49224
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,980 Ft²
$225,870
RealtyHop Estimate
36.97%
Since Sep 1, 2020
National-US
Primary Model

About This Property

A must see! This English Tudor has been lovingly maintained and is ready for a new family with 4 bedrooms, 2.25 bathrooms, a 2-car garage, and a first floor ready to host family gatherings. The basement has an office and lots of room for more storage. Kids will love the uniqueness of the 3rd floor bedroom and it's accompanying, usable attic space.  Highlights include hardwood floors, working fireplace, an immaculate front yard, fenced back yard, solid surface countertops, a breakfast nook, and new high-efficiency furnace.
Unit Size
1,980 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$83
Property Type
House
Property Taxes
$139
HOA Dues
-
Year Built
1931

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: 3 years ago (MichRIC MLS #21048285)

Price History

Date / Event Date Event Price
Sep 2, 2020 Sold
Premium
Sold
Jun 15, 2020 Listed by Ace Real Estate Services $164,900
Listed by Ace Real Estate Services

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1931
  • Effective Year Built: 1931
  • 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: 860
  • Garage Type: 7
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,801
  • Lot Size Depth Feet: 1,485
  • Lot Size Frontage Feet: 808
  • Total Building Area: 1,756
  • Building Area: 1,756
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,756
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: IRWINS ADD
  • Land Acres: 0000000225
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: ALBION CITY, IRWINS ADDITION BLK 5. N 9 RDS LOT 20. BLK 5. (505 IRWIN AVE.)

Neighborhood

  • School District Name: Albion Public Schools
  • School Tax School District: ALBION
  • Census Tract: 003300

Zoning

  • Zoning: R1C

Geography

  • District: 51
  • Parcel: 51-006-600-00
  • Lot: 20
  • Municipality: ALBION CITY
  • Latitude: 42.2374
  • Longitude: -84.7593

    Address

  • Full Address: 505 Irwin Ave
  • Address - House Number: 505
  • Address - Street Name: Irwin
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Albion
  • Carrier Code: C001
  • 4-Digit Zip Code: 2048
  • Zip Code: 49224

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $214,456

    Appraisal Valuation

  • Standard Deviation: 0.2566
  • Valuation Date: Jun 21, 2023
  • Confidence Score: 63
  • Final Value: 178,090
  • High Value: 223,803
  • Low Value: 132,378

    Market Valuation

  • Market Total Value: $137,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $68,800

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 25, 2020
  • Current Sale Recording Date: Sep 02, 2020
  • 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 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

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Joseph Verbeke, Ace Real Estate Services
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21048285
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 505 Irwin Avenue built and last sold?
The property at 505 Irwin Avenue was built in 1931 and last sold on Aug 25, 2020 for $164,900.
How much is this home worth?
The estimated value of the home located at 505 Irwin Avenue is $0.
What are some comparable homes to 505 Irwin Avenue?
There are currently no comparable homes to 505 Irwin Avenue.
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