Sold
516 Yale Avenue, Alma, MI 48801
Sold on 05/29/2026 for$170,000
MLS # 1943247 (Northern Great Lakes REALTORS® MLS)
3 beds1 bathBuilt 19560.16 acres
1 / 20
Listing Description
Charming ranch home in a highly desirable location just one block from Alma College! This 3-bedroom, 1-bath home offers a perfect blend of character, updates, and convenience—ideal for homeowners or investors alike. Recent updates include brand new appliances, a new central A/C unit, and a larger water heater—providing peace of mind and modern comfort. Inside, you’ll love the beautiful hardwood floors and functional layout. The attached garage with direct interior access adds everyday convenience. The full basement offers excellent storage and future potential for additional finished living space. Added bonus: transferable basement waterproofing warranties provide extra value and confidence. Situated in a strong resale area within walking distance to campus, parks, and amenities, this property is a fantastic opportunity whether you’re looking for a primary residence, rental, or college-area investment. Homes in this location don’t last!
Source: SparkMLS
About this home
3-bedroom, 1-bath home in Alma in Alma built in 1956.
Closed at $170,000.
Electric service is provided by Consumers Energy Company.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms1
Lot Size0.16 acres
Year Built1956
Location
CityAlma
Zip Code48801
CountyGratiot
Construction & Systems
HeatingNatural Gas, Forced Air
WaterPublic
SewerPublic
Sale & Financing
Listed3/25/2026
Sold Date5/28/2026
Original Price$170,000
Terms AcceptedCash, Conventional, FHA
Source: SparkMLS
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 Dave Feger
EXP REALTY LLC
Frequently Asked Questions about 516 Yale Avenue, Alma, MI 48801
What type of financing is accepted for this listing?
Per MLS# 1943247, this listing accepts Cash, Conventional, FHA financing. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 516 Yale Avenue, Alma, MI 48801 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 516 Yale Avenue, Alma, MI 48801 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 516 Yale Avenue, Alma, MI 48801?
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 local police department or county sheriff's office.
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Monthly payment$1,070
Principal & interest$1,070
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
516 Yale Avenue, Alma, MI 48801
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Municipality
Alma
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