For Sale
505 N Ionia Street, Albion, MI 49224
$136,000
MLS # 26018062 (Michigan Regional Information Center (MichRIC))
3 beds2 baths1,679 sqftBuilt 19100.14 acres
1 / 8
Listing Description
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.
Source: SparkMLS
About this home
Located in Albion in Albion, this property offers 3-bedroom, 2-bath, 1,679 sq ft, with original construction dating to 1910.
Currently offered at $136,000 (about $81/sq ft).
Property tax estimate: $1,179 per year ($98/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by Consumers Energy Company.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms2
Living Area1,679 sqft
Lot Size0.14 acres
Year Built1910
Stories2
Location
CityAlbion
MunicipalityAlbion City
Zip Code49224
CountyCalhoun
School DistrictMarshall
Construction & Systems
StyleTraditional
ConstructionVinyl Siding
BasementFull, Michigan Basement
HeatingForced Air
WaterPublic
SewerPublic
UtilitiesNatural Gas Connected
InteriorCeiling Fan(s)
Sale & Financing
Listed4/28/2026
Original Price$144,900
Terms AcceptedCash, FHA, VA Loan, Rural Development, MSHDA, Conventional
Source: SparkMLS
Tax Information
Annual Tax$1,179
Tax Year2025
Assessed Value$36,291
Parcel #51-000-187-00
Source: SparkMLS
Legal Description
ALBION CITY, ORIGINAL PLAT BLK 12 LOT 7. 120 E CHESTNUT
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Marcus T Miller
Real Broker, LLC
Frequently Asked Questions about 505 N Ionia Street, Albion, MI 49224
Which school district serves 505 N Ionia Street, Albion, MI 49224?
Per MLS# 26018062, 505 N Ionia Street, Albion, MI 49224 is in the Marshall boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Marshall directly to confirm enrollment eligibility.
Can I use FHA or VA financing for this property?
Per MLS# 26018062, this listing accepts Cash, FHA, VA Loan, Rural Development, MSHDA, Conventional financing. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 505 N Ionia Street, Albion, MI 49224?
Per public tax records, annual property taxes for this property are $1,179 (2025). Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 505 N Ionia Street, Albion, MI 49224 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
Is 505 N Ionia Street, Albion, MI 49224 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 505 N Ionia Street, Albion, MI 49224?
Per Michigan Public Service Commission service territory data: Electric: Consumers Energy Company. Gas: Consumers Energy Company. Sewer: Public. Water: Public. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the Albion City police department or the Calhoun County sheriff's office.
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Monthly payment$882
Principal & interest$882
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Consumers Energy Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
505 N Ionia Street, Albion, MI 49224
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Municipality
Albion
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County
Jackson County
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