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Calhoun 49224
600 State Street
$165,000
● House - Off Market

600 State Street

Albion, MI 49224
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,120 Ft²
$1,155
Est. Monthly
7.68%
Cap Rate

About This Property

3 bedroom, 2 bath home tucked among the mature trees on 1.3 acres! With over 1100 sq. ft. on the main floor and a great full walkout basement that's ready to be finished. Includes Central air, all appliances, main floor laundry w/ washer & dryer, 3- seasons room, 2-car attached garage, storage shed, 2 decks. Close to I-94 and Michigan Ave. Immediate possession. Contact BJ Etheridge, , [email protected]
Unit Size
1,120 Ft²
Days on Market
-
Land Size
1.31 acres
Price per sqft
$147
Property Type
House
Property Taxes
$344
HOA Dues
-
Year Built
1988

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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 #24051559)

Price History

Date / Event Date Event Price
Dec 27, 2024 Sold
Premium
Sold
Oct 1, 2024 Listed by Berkshire Hathaway HomeServices Michigan Real Estate $165,000
Listed by Berkshire Hathaway HomeServices Michigan Real Estate
Oct 31, 2022 Sold
Premium
Sold
Sep 21, 2022 Listed by Berkshire Hathaway HomeServices Michigan Real Estate $164,900
Listed by Berkshire Hathaway HomeServices Michigan Real Estate
Oct 20, 1995 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Bedroom Count: 0
  • 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: 1,120
  • Garage Type: 7
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 57,064
  • Total Building Area: 1,120
  • Building Area: 1,120
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,120
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001310
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: MARENGO TWP., SEC 25 BEG AT W LI OF SEC 25, A DIST S, 684.93 FT FROM NW COR OFSEC 25, TH S 89 DEG 10' 30" E, 307.95 FT, TH S

Neighborhood

  • School District Name: Mar Lee School District
  • School Tax School District: MAR-LEE
  • Census Tract: 003800

Zoning

  • Zoning: AGRICU

Geography

  • District: 15
  • Parcel: 15-250-015-03
  • Meridian: TWN 2S RNG 5W
  • Municipality: MARENGO TWP
  • Latitude: 42.2739
  • Longitude: -84.8473

    Address

  • Full Address: 600 State St
  • Address - House Number: 600
  • Address - Street Name: State
  • Address - Suffix Type: St
  • State: MI
  • City Name: Albion
  • Carrier Code: R002
  • 4-Digit Zip Code: 8537
  • Zip Code: 49224

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $192,982

    Appraisal Valuation

  • Standard Deviation: 0.2349
  • Valuation Date: Jun 21, 2023
  • Confidence Score: 67
  • Final Value: 170,241
  • High Value: 210,235
  • Low Value: 130,248

    Market Valuation

  • Market Total Value: $157,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $78,900

    Sales

  • Current Sale Contract Date: Oct 21, 2022
  • Current Sale Recording Date: Oct 31, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Oct 20, 1995
  • Previous Sale Contract Date: Oct 20, 1995
  • Previous Sale Amount: $76,000
  • 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 Calhoun

Stats & Trends

Median Asking:

$210,000

Sale Price/ft²

$142

Below Asking

0.03%

Average Days on Market

56

Average Home Size

1825 ft²

Average Home Age

73.3 years

Currently For Sale

332 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: BJ Etheridge, Berkshire Hathaway HomeServices Michigan Real Estate
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24051559
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 600 State Street built and last sold?
The property at 600 State Street was built in 1988 and last sold on Oct 21, 2022 for $145,000.
How much is this home worth?
The estimated value of the home located at 600 State Street is $0.
What are some comparable homes to 600 State Street?
There are currently no comparable homes to 600 State Street.
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