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Albion 49224
613 ORCHARD DR
$50,000
● House - Off Market

613 ORCHARD DR

Albion, MI 49224
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,986 Ft²
$87,680
RealtyHop Estimate
46.38%
Since Dec 1, 2019
National-US
Primary Model

About This Property

Ranch style home in a pleasant neighborhood.  Fresh paint and carpet but still an opportunity to add value with "sweat equity"
Unit Size
1,986 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$30
Property Type
House
Property Taxes
$124
HOA Dues
-
Year Built
1953

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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 #21074069)

Price History

Date / Event Date Event Price
Apr 12, 2022 Sold
Premium
Sold
Nov 19, 2021 Listed by ERA REARDON REALTY, L.L.C. $115,000
Listed by ERA REARDON REALTY, L.L.C.
Oct 6, 2021 No longer available -
No longer available
Mar 30, 2020 In contract -
In contract
Nov 14, 2019 Sold
Premium
Sold
Show More

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Bedroom Count: 3
  • 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 Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 936
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,848
  • Lot Size Depth Feet: 1,690
  • Lot Size Frontage Feet: 888
  • Total Building Area: 1,202
  • Building Area: 1,202
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,202
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ASSRS OF ORCHARD PARK ALBION C
  • Land Acres: 0000000272
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: ALBION CITY, ASSESSORS PLAT OF ORCHARD PARK LOT 26

Neighborhood

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

Zoning

  • Zoning: R1B

Geography

  • District: 51
  • Parcel: 51-008-626-00
  • Lot: 26
  • Municipality: ALBION CITY
  • Latitude: 42.2384
  • Longitude: -84.7626

    Address

  • Full Address: 613 Orchard Dr
  • Address - House Number: 613
  • Address - Street Name: Orchard
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Albion
  • Carrier Code: C001
  • 4-Digit Zip Code: 2059
  • Zip Code: 49224

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $160,719
  • Initial Tax Delinquent Year: 2016

    Appraisal Valuation

  • Standard Deviation: 0.1122
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 88
  • Final Value: 112,251
  • High Value: 124,849
  • Low Value: 99,652

    Market Valuation

  • Market Total Value: $99,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $49,700

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 15, 2022
  • Current Sale Recording Date: Apr 12, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Nov 14, 2019
  • Previous Sale Contract Date: Nov 06, 2019
  • Previous Sale Amount: $50,000
  • 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 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: FRED M HETHERWICK, ERA REARDON REALTY, L.L.C.
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21074069
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 613 Orchard Drive built and last sold?
The property at 613 Orchard Drive was built in 1953 and last sold on Mar 15, 2022 for $122,000.
How much is this home worth?
The estimated value of the home located at 613 Orchard Drive is $112,724.
What are some comparable homes to 613 Orchard Drive?
There are currently no comparable homes to 613 Orchard Drive.
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