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505 Bidwell St, Albion, MI, 49224

3beds
1baths
1,144sqft
$59,900
$52price/sqft
$605/moest. monthly cost
$24,200/yrincome needed

About This Home

Opportunities are knocking with this handyman special located just steps from Albion College and within walking distance to the heart of downtown Albion! whether you're looking to expand your investment portfolio, create a rental for college students, or renovate and resell, this property offers incredible potential and a prime location. Featuring a solid structure and classic charm, this home is ready for your vision and updates. With its close proximity to campus, shops, dining, and local amenities, the after-repair value possibilities are strong. Ideal for investors, flippers, or buyers looking to build equity with some TLC. Don't miss your chance to transform this diamond in the rough into a standout property in a highly desirable area. Schedule your showing today, and bring your ideas to life!

Getting Around

44
WalkingCar-Dependent
0
TransitVery Limited Transit
43
BikeSomewhat Bikeable

Schools

3/10
6/10
Marshall Middle SchoolGrades 6-811.0 mi
9/10
Marshall High SchoolGrades 9-1211.2 mi

Construction

Condition

  • Year built: 1920

Materials

  • Construction materials: Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Craftsman
  • Property subType: Single Family Residence

Interior

Appliances

  • Laundry features: In Basement

Basement

  • Has basement: Yes
  • Basement: Michigan Basement

Bathroom1

  • Level: Upper
  • Dimensions: 0.00 x 0.00

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full bathrooms: 1

Dining Room

  • Level: Main
  • Dimensions: 0.00 x 0.00

Features

  • Finished area below ground: 0

Heating

  • Heating features: Forced Air

Interior Area

  • Total structure area: 1,144
  • Total interior livable area: 1,144 sqft

Kitchen

  • Level: Main
  • Dimensions: 0.00 x 0.00

Living Room

  • Level: Main
  • Dimensions: 0.00 x 0.00

Master Bedroom

  • Level: Upper
  • Dimensions: 0.00 x 0.00

Property

Details

  • Parcel number: 5100502900

Features

  • Stories: 2

Lot

  • Lot size: 3,049 sqft
  • Lot size dimensions: 65 x 50

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Strong Wind
    Strong WindRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Strong Wind
Cold Wave
Hail
Tornado
Winter Weather

FEMA Declared Disasters in Calhoun County and Michigan

Severe Ice Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $302$3,624
Home Insurance *$49$588
Property Taxes $66$792
Electricity $188$2,259
Total$605$7,260
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$20,742/yr
40% on housing$18,150/yr
45% on housing$16,133/yr

Michigan FAIR Plan Programs

Michigan Basic Property Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 15,981Commercial: 293
Total Premiums$13.85M
Total Exposure$2.60B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 5.0%
5.0%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 1.2%
1.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$52This listing

vs Other Active Listings

Avg $/sqft

ZIP 49224$118
Calhoun County$126

vs Homes Sold Last Month

Median $/sqft

ZIP 49224$121
Calhoun County$132

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-04-15Price change$59,900
2026-03-20Listed for sale$69,900

For Sale by Agent

AgentLeAnne E Hagemann
BrokerageRE/MAX Perrett Associates - Marshall

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