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Albion 49224
612 Orchard Drive
$120,000
● House - Off Market

612 Orchard Drive

Albion, MI 49224
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,522 Ft²
$841
Est. Monthly

About This Property

For production and comp purposes.
Unit Size
1,522 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$79
Property Type
House
Property Taxes
$251
HOA Dues
-
Year Built
1945

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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: 12 months ago (MichRIC MLS #24054076)

Price History

Date / Event Date Event Price
Oct 11, 2024 Sold
Premium
Sold
Sep 19, 2024 Listed by Coldwell Banker Beiswanger Realty Group $120,000
Listed by Coldwell Banker Beiswanger Realty Group
Mar 24, 2022 Sold
Premium
Sold
Nov 13, 2013 Sold
Premium
Sold
Jul 17, 2013 Listed by Coldwell Banker Beiswanger Realty Group $37,900
Listed by Coldwell Banker Beiswanger Realty Group
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1945
  • Bedroom Count: 4
  • 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: 150
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 945
  • Garage Type: 7
  • Garage Square Area: 384
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,333
  • Lot Size Depth Feet: 2,190
  • Lot Size Frontage Feet: 1,029
  • Total Building Area: 1,522
  • Building Area: 1,522
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,522
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ORCHARD PARK ADDITION
  • Land Acres: 0000000352
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: ALBION CITY, ASSESSORS PLAT OF ORCHARD PARK LOT 13

Neighborhood

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

Zoning

  • Zoning: R1B

Geography

  • District: 51
  • Parcel: 51-008-613-00
  • Lot: 13
  • Municipality: ALBION CITY
  • Latitude: 42.2389
  • Longitude: -84.7625

    Address

  • Full Address: 612 Orchard Dr
  • Address - House Number: 612
  • Address - Street Name: Orchard
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Albion
  • Carrier Code: C001
  • 4-Digit Zip Code: 2060
  • Zip Code: 49224

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $142,946

    Appraisal Valuation

  • Standard Deviation: 0.467
  • Valuation Date: Jun 21, 2023
  • Confidence Score: 6
  • Final Value: 146,066
  • High Value: 214,289
  • Low Value: 77,842

    Market Valuation

  • Market Total Value: $126,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $63,200

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 17, 2022
  • Current Sale Recording Date: Mar 24, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Nov 13, 2013
  • Previous Sale Contract Date: Oct 17, 2013
  • Previous Sale Amount: $38,517
  • Previous Sale Document Type: 51
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

1488 ft²

Average Home Age

107.6 years

Currently For Sale

16 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: Watson Brothers Team, Coldwell Banker Beiswanger Realty Group
Last Updated: 12 months ago
Data Source: MichRIC, MLS# 24054076
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 612 Orchard Drive built and last sold?
The property at 612 Orchard Drive was built in 1945 and last sold on Mar 17, 2022 for $50,000.
How much is this home worth?
The estimated value of the home located at 612 Orchard Drive is $0.
What are some comparable homes to 612 Orchard Drive?
There are currently no comparable homes to 612 Orchard Drive.
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