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Jackson 49203
1014 Morningstar Drive
$316,250
● House - Off Market

1014 Morningstar Drive

Jackson, MI 49203
bedrooms
5 Beds
bathrooms
3 Baths
square feet
2,824 Ft²
$2,038
Est. Monthly
16.44%
Cap Rate

About This Property

TUCKED ACROSS FROM CASCADES PARK & GOLF COURSE, discover this spacious 5BDRM/3BA home in a desirable neighborhood on nearly a half acre & approx 725 ft to the Falling Water Trail. Inviting porch welcomes you home to sprawling interiors of hardwood floors (entire 2nd flr & living/dining rm). An abundance of natural light shines through newer vinyl windows! Multiple gathering & entertaining spaces! Gather around the heart of the home in the kitchen opening to the family rm w/cozy fireplace, accents of crown molding & wildlife views in the private backyard. Enjoy conveniences of main floor living w/bdrm or office & spacious bath w/barrier free walk-in shower. 4 Bdrms w/en-suite & 3rd bath are located on the 2nd floor. Finished lower level w/rec room & bar. Auto generator & irrigation system.
Unit Size
2,824 Ft²
Days on Market
102 days
Land Size
0.40 acres
Price per sqft
$113
Property Type
House
Property Taxes
$466
HOA Dues
-
Year Built
1965

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (MichRIC MLS #24042546)

Price History

Date / Event Date Event Price
May 9, 2025 Sold
Premium
Sold
Apr 16, 2025 In contract -
In contract
Jan 27, 2025 Relisted $319,900
Relisted
Jan 13, 2025 In contract -
In contract
Oct 22, 2024 Price Decreased $319,900
↓ $5K (1.5%)
Price Decreased
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 858
  • Garage Type: 7
  • Garage Square Area: 484
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,380
  • Lot Size Depth Feet: 2,320
  • Lot Size Frontage Feet: 750
  • Total Building Area: 2,024
  • Building Area: 2,024
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,024
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MORNINGSTAR MANOR
  • Land Acres: 0000000399
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LAND OWNED & USED AS ONE PARCEL & DESC AS LOT 19 MORNINGSTAR MANOR & A PARCEL OF LAND IN SE 1/4 OF SEC 9 T3S R1W BEG AT NW

Neighborhood

  • School District Name: Jackson Public Schools
  • School Tax School District: 38170
  • Census Tract: 000800

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: MAPS
  • District: 50
  • Parcel: 3-327500000
  • Lot: 19
  • Meridian: SEC 09 TWN 03S RNG 01W
  • Municipality: JACKSON CITY
  • Latitude: 42.2215
  • Longitude: -84.4279

    Address

  • Full Address: 1014 Morningstar Dr
  • Address - House Number: 1014
  • Address - Street Name: Morningstar
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Jackson
  • Carrier Code: C020
  • 4-Digit Zip Code: 3838
  • Zip Code: 49203

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $439,841
  • Tax Rate Code Area: 50

    Appraisal Valuation

  • Standard Deviation: 0.2514
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 64
  • Final Value: 286,429
  • High Value: 358,466
  • Low Value: 214,393

    Market Valuation

  • Market Total Value: $251,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $125,800

    Exemptions

  • Homeowner Exemption: Yes
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Jackson

Stats & Trends

Median Asking:

$148,900

Sale Price/ft²

$113

Below Asking

0.03%

Average Days on Market

57

Average Home Size

1484 ft²

Average Home Age

98.2 years

Currently For Sale

117 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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MichRIC

Listed by: Stephanie Bosanac-Mortimer, RE/MAX MID-MICHIGAN R.E.
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24042546
Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1014 Morningstar Drive built and last sold?
The property at 1014 Morningstar Drive was built in 1965 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1014 Morningstar Drive is $0.
What are some comparable homes to 1014 Morningstar Drive?
There are currently no comparable homes to 1014 Morningstar Drive.
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