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Albion 49224
815 Maple Street
$68,900
● House - Off Market

815 Maple Street

Albion, MI 49224
bedrooms
1 Bed
bathrooms
1 Bath
square feet
572 Ft²
$397
Est. Monthly
21.72%
Cap Rate

About This Property

Cute 1 bedroom 1 bath with lots of potential in a quiet neighborhood right in the middle of Albion.  

There is a walkout basement that can be whatever you want it to be. There was once plumbing for a second full bathroom. The basement was once finished.

The roof was replaced in 2024.
Unit Size
572 Ft²
Days on Market
73 days
Land Size
0.13 acres
Price per sqft
$120
Property Type
House
Property Taxes
$59
HOA Dues
-
Year Built
1926

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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: 2 years ago (MichRIC MLS #25006418)

Price History

Date / Event Date Event Price
May 5, 2025 Sold
Premium
Sold
Mar 6, 2025 In contract -
In contract
Feb 19, 2025 Listed by ACE Real Estate Services $68,900
Listed by ACE Real Estate Services
Oct 21, 1999 Sold
Premium
Sold
Feb 2, 1994 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1926
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 572
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,706
  • Lot Size Depth Feet: 1,140
  • Lot Size Frontage Feet: 491
  • Total Building Area: 572
  • Building Area: 572
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 572
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ASSRS OF PROSPECT HILL ADD
  • Land Acres: 0000000131
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: ALBION CITY, ASSESSORS PLAT OF PROSPECT HILL ADDITION TO THE CITY OF ALBION LOT172. MCL 211.27 $3,170 2001

Neighborhood

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

Zoning

  • Zoning: R1C

Geography

  • District: 51
  • Parcel: 51-009-772-00
  • Lot: 172
  • Municipality: ALBION CITY
  • Latitude: 42.2521
  • Longitude: -84.7466

    Address

  • Full Address: 815 Maple St
  • Address - House Number: 815
  • Address - Street Name: Maple
  • Address - Suffix Type: St
  • State: MI
  • City Name: Albion
  • Carrier Code: C002
  • 4-Digit Zip Code: 1319
  • Zip Code: 49224

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $59,132
  • Initial Tax Delinquent Year: 2016

    Appraisal Valuation

  • Standard Deviation: 0.2234
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 69
  • Final Value: 80,673
  • High Value: 98,699
  • Low Value: 62,647

    Market Valuation

  • Market Total Value: $52,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $26,300

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 21, 1999
  • Current Sale Recording Date: Oct 21, 1999
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Feb 02, 1994
  • Previous Sale Contract Date: Feb 02, 1994
  • Previous Sale Amount: $29,000
  • 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

1494 ft²

Average Home Age

105 years

Currently For Sale

15 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: Joseph Verbeke, ACE Real Estate Services
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25006418
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 815 Maple Street built and last sold?
The property at 815 Maple Street was built in 1926 and last sold on Oct 21, 1999 for $30,000.
How much is this home worth?
The estimated value of the home located at 815 Maple Street is $0.
What are some comparable homes to 815 Maple Street?
There are currently no comparable homes to 815 Maple Street.
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