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Milan 48160
609 Allen
$67,478
● House - Off Market

609 Allen

Milan, MI 48160
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,008 Ft²
$102,578
RealtyHop Estimate
46.75%
Since Aug 1, 2019
National-US
Primary Model

About This Property

Here's a great project house for an investor or rehabber!  So much potential!  Large living room.  Kitchen is great for cooking.  Full basement - use for storage or a rec room.  Large fenced back yard is great for the family pet and summer barbecues.  Just a short distance to Gump Lake Park.  Home being sold as is., Rec Room: Space
Unit Size
1,008 Ft²
Days on Market
21 days
Land Size
-
Price per sqft
$69
Property Type
House
Property Taxes
$234
HOA Dues
-
Year Built
-

Payment Calculator

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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 #23117970)

Price History

Date / Event Date Event Price
Nov 26, 2019 Sold
Premium
Sold
Jul 5, 2019 Sold
Premium
Sold
Jun 13, 2019 Listed by Howard Hanna RE Services $69,900
Listed by Howard Hanna RE Services

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 3
  • Building Quality: 10
  • 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: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,295
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ASSRS OF VILLAGE OF MILAN
  • Land Acres: 0000000420
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: 757-503 1290-22,23 CITY OF MILAN ASSESSOR'S PLAT OF THE VILLAGE OF MILAN PART OF LOT 80, COMM 122.29 FT N 51 DEG 33' W FR SE

Neighborhood

  • School District Name: Milan Area Schools
  • School Tax School District: MILAN
  • Census Tract: 830700

Geography

  • District: 53
  • Parcel: 53-040-104-00
  • Lot: 80
  • Municipality: MILAN CITY
  • Latitude: 42.0757
  • Longitude: -83.6825

    Address

  • Full Address: 609 Allen Rd
  • Address - House Number: 609
  • Address - Street Name: Allen
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Milan
  • Carrier Code: R003
  • 4-Digit Zip Code: 1525
  • Zip Code: 48160

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $309,317
  • Tax Rate Code Area: 53

    Appraisal Valuation

  • Standard Deviation: 0.2
  • Valuation Date: Dec 21, 2022
  • Confidence Score: 73
  • Final Value: 227,032
  • High Value: 272,449
  • Low Value: 181,615

    Market Valuation

  • Market Total Value: $166,200

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $83,100

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 20, 2019
  • Current Sale Recording Date: Nov 26, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2019R20643
  • Previous Sale Recording Date: Nov 26, 2019
  • Previous Sale Contract Date: Nov 20, 2019
  • Previous Sale Amount: $175,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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 Milan

Stats & Trends

Median Asking:

$299,900

Sale Price/ft²

$195

Below Asking

0.02%

Average Days on Market

53

Average Home Size

1644 ft²

Average Home Age

47.9 years

Currently For Sale

9 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

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MichRIC

Listed by: Alexsandra Anteau, Howard Hanna RE Services
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 23117970
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 609 Allen Road built and last sold?
The property at 609 Allen Road was built in and last sold on Nov 20, 2019 for $175,000.
How much is this home worth?
The estimated value of the home located at 609 Allen Road is $0.
What are some comparable homes to 609 Allen Road?
There are currently no comparable homes to 609 Allen Road.
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