407 Mechanic St
Albion, MI 49224
4 bd 1 ba 900 sqft Built 1952 Lot 8,712 sqft single_family
Most recent sale
$115,000
Mar 15, 2024
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Mar 15, 2024 | Sold | $115,000 | MichRic |
| Feb 16, 2024 | Listing removed | — | GreaterLansingArea |
| Jan 26, 2024 | Price changed | $118,900 | MichRic |
| Jan 4, 2024 | Price changed | $119,000 | MichRic |
| Jan 3, 2024 | Price changed | $119,000 | GreaterLansingArea |
| Nov 17, 2023 | Listed | $119,900 | MichRic |
| May 3, 2022 | Sold | $65,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2022 | — | — | $25,300 | $1,623 |
| 2021 | — | — | $24,900 | $708 |
Property facts
Year built
1952
Property type
single_family
Stories
2
Beds
4
Baths
1
Living area
900 sqft
Lot size
8,712 sqft
ZIP code
49224
City
Albion
Street
Mechanic St
Coordinates
42.23853, -84.75843
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,350
Gross rental yield
14.09%
Implied cap rate
9.16%
Trend-extrapolated value
—
Frequently asked questions
When did 407 Mechanic St last sell?
407 Mechanic St most recently sold on Mar 15, 2024 for $115,000.
What is the current tax assessment for 407 Mechanic St?
The most recent total assessment for 407 Mechanic St (year 2022) is $25,300 with $1,623 in property tax.
How does 407 Mechanic St's assessment compare to its last sale price?
The current assessment is 78.0% below the last sale price of $115,000.
When was 407 Mechanic St built?
407 Mechanic St was built in 1952.
How does 407 Mechanic St compare to others on Mechanic St?
We track 8 other properties on Mechanic St. Browse the list under "Other properties on Mechanic St" to compare beds, baths, and sale history.
What are the property facts for 407 Mechanic St?
407 Mechanic St is a 4 bed, 1 bath, 900 sqft, 8,712 sqft lot single_family.
Is 407 Mechanic St a flip candidate?
Yes — 407 Mechanic St appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 407 Mechanic St a tax-appeal candidate?
No — 407 Mechanic St is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+4.7%
Implied 1-yr
+18.8%
2026 Q3
$203.3K
2026 Q4
$210.6K
ZIP 49224 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Mechanic St