Active

Price cut: $3.9K (6/24)

$136,000

505 N Ionia St, Albion, MI 49224

3beds

1,679sqft

$987/mo

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Single Family Residence

Built in 1910

6,098 Square Feet Lot

$130,300 Zestimate^®

$81/sqft

$-- HOA

What's special

Motivated seller, motivated seller, motivated seller! This 3-bedroom, 1.5-bath home offers over 1,600 square feet of living space and is full of potential for the right buyer. Located on a corner lot in Albion, this home features a spacious main floor with a large living room, formal dining area, and a functional kitchen layout. Upstairs you'll find three bedrooms and a half bath, giving you a solid layout to work with. Whether you're a first-time homebuyer looking to get into a home at an affordable price or an investor looking for your next opportunity, this property has the space and structure to make it your own. *Seller is requesting 3-4 Week post-close occupancy, making this a great option for buyers with flexible timelines.

128 days
258
22

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 1
1/2 bathrooms: 1

Primary bedroom

Level: Upper
Area: 169
Dimensions: 13.00 x 13.00

Bedroom 2

Level: Upper
Area: 98
Dimensions: 14.00 x 7.00

Bedroom 3

Level: Upper
Area: 98
Dimensions: 14.00 x 7.00

Dining room

Level: Main
Area: 204
Dimensions: 17.00 x 12.00

Kitchen

Level: Main
Area: 168
Dimensions: 14.00 x 12.00

Living room

Level: Main
Area: 224
Dimensions: 16.00 x 14.00

Heating

Forced Air

Appliances

Included: Oven, Refrigerator
Laundry: Main Level, Other

Features

Ceiling Fan(s)
Basement: Full,Michigan Basement
Has fireplace: No

Interior area

Total structure area: 1,679
Total interior livable area: 1,679 sqft
Finished area below ground: 0

Property

Features

Stories: 2

Lot

Size: 6,098 Square Feet
Dimensions: 59 x 100
Features: Corner Lot, Sidewalk

Details

Parcel number: 5100018700
Zoning description: R2B

Construction

Type & style

Home type: SingleFamily
Architectural style: Traditional
Property subtype: Single Family Residence

Materials

Vinyl Siding
Roof: Composition

Condition

New construction: No
Year built: 1910

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Natural Gas Connected

Community & HOA

Location

Region: Albion

Financial & listing details

Price per square foot: $81/sqft
Tax assessed value: $36,291
Annual tax amount: $1,179
Date on market: 4/29/2026
Listing terms: Cash,FHA,VA Loan,USDA Loan,MSHDA,Conventional
Road surface type: Paved

Estimated market value

$130,300

$124,000 - $137,000

$1,514/mo

Price history

Date	Event	Price
6/24/2026	Price change	$136,000-2.8%$81/sqft
Source: MichRIC #26018062 Report a problem
6/7/2026	Price change	$139,900-3.5%$83/sqft
Source: MichRIC #26018062 Report a problem
4/29/2026	Listed for sale	$144,900+16.9%$86/sqft
Source: MichRIC #26018062 Report a problem
5/19/2023	Sold	$124,000+7.9%$74/sqft
Source: MichRIC #23003363 Report a problem
3/17/2023	Pending sale	$114,900$68/sqft
Source: MichRIC #23003363 Report a problem
3/13/2023	Listed for sale	$114,900$68/sqft
Source: MichRIC #23003363 Report a problem
2/8/2023	Pending sale	$114,900$68/sqft
Source: MichRIC #23003363 Report a problem
2/2/2023	Listed for sale	$114,900+283%$68/sqft
Source: MichRIC #23003363 Report a problem
10/10/2022	Sold	$30,000-38.8%$18/sqft
Source: Public Record Report a problem
9/7/2022	Pending sale	$49,000$29/sqft
Source: MichRIC #22028951 Report a problem
8/24/2022	Price change	$49,000-16.9%$29/sqft
Source: MichRIC #22028951 Report a problem
8/8/2022	Pending sale	$59,000$35/sqft
Source: MichRIC #22028951 Report a problem
8/1/2022	Price change	$59,000-11.9%$35/sqft
Source: MichRIC #22028951 Report a problem
7/12/2022	Listed for sale	$67,000+168%$40/sqft
Source: MichRIC #22028951 Report a problem
8/27/2019	Listing removed	$25,000$15/sqft
Source: Exit Great Lakes Realty #239729 Report a problem
8/21/2019	Listed for sale	$25,000+47.1%$15/sqft
Source: Exit Great Lakes Realty #239729 Report a problem
8/15/2019	Sold	$17,000-32%$10/sqft
Source: Public Record Report a problem
1/21/2019	Listed for sale	$25,000$15/sqft
Source: David Brigham Real Estate Company #19002653 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,766 +30.6%	$38,000 +8%
2024	$1,353	$35,200 +23.5%
2023	--	$28,500 +14%
2022	--	$25,000 +35.1%
2021	--	$18,500 +32.1%
2020	--	$14,000 +6.9%
2018	--	$13,100 +4%
2017	--	$12,600 +8.6%
2016	--	$11,600 -29.3%
2015	--	$16,400 -10.9%
2014	--	$18,400 -14.4%
2013	--	$21,500 +25%
2011	--	$17,200 -19.6%
2010	--	$21,393 +15.4%
2009	--	$18,542 +2.5%
2008	--	$18,090 -5.2%
2006	--	$19,076 -4.5%
2005	--	$19,965 +2.1%
2004	--	$19,546 +22.1%
2003	--	$16,013