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Albion 49224
705 Valhalla Drive
$173,460
● House - Off Market

705 Valhalla Drive

Albion, MI 49224
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,046 Ft²
$927
Est. Monthly
9.20%
Cap Rate

About This Property

Motivated seller who is moving out of state. Get a showing scheduled so you can see this beautiful ranch home! Located in a private cul-de-sac minutes away from I-94 and I-69, local stores, businesses and Albion school and Albion College. Improvements have been made in the last 2 years including new oven in 2022, carpet replacement, bathroom remodeling, painting interior and exterior including storage shed. In-ground Pool was professionally closed in 2022 and not opened in summer of 2023 or 2024. Large living room with beautiful fireplace, breezeway connecting the attached garage to the large kitchen that is open to the dining room. Over 600 square feet of finished living space in the basement to enjoy also. Schedule your showing with your realtor or call me directly at .
Unit Size
2,046 Ft²
Days on Market
59 days
Land Size
0.53 acres
Price per sqft
$82
Property Type
House
Property Taxes
$101
HOA Dues
-
Year Built
1964

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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 #24058666)

Price History

Date / Event Date Event Price
Jan 7, 2025 Sold
Premium
Sold
Nov 13, 2024 In contract -
In contract
Nov 8, 2024 Listed by RE/MAX Perrett Associates $168,000
Listed by RE/MAX Perrett Associates
Jan 24, 2022 Sold
Premium
Sold
Dec 6, 2021 Listed by RE/MAX Perrett Associates $129,900
Listed by RE/MAX Perrett Associates
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Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • 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: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,396
  • Garage Type: 7
  • Garage Square Area: 572
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,130
  • Lot Size Depth Feet: 1,850
  • Lot Size Frontage Feet: 1,107
  • Total Building Area: 1,396
  • Building Area: 1,396
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,396
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: R VAN PLAT
  • Land Acres: 0000000531
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: R-VAN PLAT LOT 16

Neighborhood

  • School District Name: Albion Public Schools
  • School Tax School District: ALBION
  • Census Tract: 003500

Zoning

  • Zoning: R1B

Geography

  • District: 51
  • Parcel: 51-012-465-00
  • Lot: 16
  • Municipality: ALBION CITY
  • Latitude: 42.2594
  • Longitude: -84.7447

    Address

  • Full Address: 705 Valhalla Dr
  • Address - House Number: 705
  • Address - Street Name: Valhalla
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Albion
  • Carrier Code: R005
  • 4-Digit Zip Code: 9402
  • Zip Code: 49224

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $183,786

    Appraisal Valuation

  • Standard Deviation: 0.2349
  • Valuation Date: Jun 21, 2023
  • Confidence Score: 67
  • Final Value: 167,688
  • High Value: 207,082
  • Low Value: 128,294

    Market Valuation

  • Market Total Value: $175,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $87,500

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 13, 2022
  • Current Sale Recording Date: Jan 24, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Jul 03, 2002
  • Previous Sale Contract Date: Jul 03, 2002
  • Previous Sale Document Type: 27
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: Lacey Cobb, RE/MAX Perrett Associates
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24058666
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 705 Valhalla Drive built and last sold?
The property at 705 Valhalla Drive was built in 1964 and last sold on Jan 13, 2022 for $130,000.
How much is this home worth?
The estimated value of the home located at 705 Valhalla Drive is $0.
What are some comparable homes to 705 Valhalla Drive?
There are currently no comparable homes to 705 Valhalla Drive.
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