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Jackson 49201
1059 Cranbrook Drive
$137,000
● House - Off Market

1059 Cranbrook Drive

Jackson, MI 49201
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,395 Ft²
$837
Est. Monthly
24.69%
Cap Rate

About This Property

Cute bi-level in the Northwest school district.  3 beds/1 bath.  It has a detached garage with an extra room off of the back for a workshop or storage.  This house is just waiting for you to make it your own.
Unit Size
1,395 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$97
Property Type
House
Property Taxes
$174
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 3 years ago (MichRIC MLS #23141164)

Price History

Date / Event Date Event Price
Mar 22, 2024 Sold
Premium
Sold
Nov 6, 2023 Listed by ERA REARDON REALTY, L.L.C. $134,900
Listed by ERA REARDON REALTY, L.L.C.
Dec 29, 2005 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 40
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 704
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,238
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 900
  • Total Building Area: 999
  • Building Area: 999
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 999
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MORRILL ACRES EXTENSION #1
  • Land Acres: 0000000258
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 26 MORRILL ACRES EXTENSION NUMBER ONE

Neighborhood

  • School District Name: Northwest School District
  • School Tax School District: 38140
  • Census Tract: 005602

Zoning

  • Zoning: RS-1

Geography

  • Assessors Map Reference: MAPS
  • District: 01
  • Parcel: 000-08-10-305-004-00
  • Lot: 26
  • Municipality: BLACKMAN TWP
  • Latitude: 42.3106
  • Longitude: -84.4191

    Address

  • Full Address: 1059 Cranbrook Rd
  • Legal Unit: 26
  • Address - House Number: 1059
  • Address - Street Name: Cranbrook
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Jackson
  • Carrier Code: R012
  • 4-Digit Zip Code: 8240
  • Zip Code: 49201

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $102,065
  • Tax Rate Code Area: 1

    Appraisal Valuation

  • Standard Deviation: 0.1115
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 88
  • Final Value: 130,879
  • High Value: 145,485
  • Low Value: 116,273

    Market Valuation

  • Market Total Value: $201,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $100,700

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 19, 2005
  • Current Sale Recording Date: Dec 29, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2423597
  • Previous Sale Recording Date: Nov 19, 1997
  • Previous Sale Contract Date: Nov 19, 1997
  • Previous Sale Document Type: 71
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:

$233,000

Sale Price/ft²

$145

Below Asking

0.03%

Average Days on Market

55

Average Home Size

1889 ft²

Average Home Age

74.5 years

Currently For Sale

414 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: LORI HAUETER, ERA REARDON REALTY, L.L.C.
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 23141164
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 1059 Cranbrook Drive built and last sold?
The property at 1059 Cranbrook Drive was built in and last sold on Dec 19, 2005 for $134,500.
How much is this home worth?
The estimated value of the home located at 1059 Cranbrook Drive is $139,233.
What are some comparable homes to 1059 Cranbrook Drive?
There are currently no comparable homes to 1059 Cranbrook Drive.
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