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Jackson 49269
1064 S PARMA RD
$216,000
● House - Off Market

1064 S PARMA RD

Parma, MI 49269
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,608 Ft²
$219,480
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

Bring your vision to this well-built sprawling ranch home! This 3 bedroom, 2 bathroom 1,600+ sq. ft. home sits on 1 country setting acre. Home was built and owned for the last 40+ years by the same owners. Opportunities are endless! Open concept space provides plenty of room for you to turn your vision into reality. 2 fireplaces on the main floor, master bathroom, partially finished basement with plenty of storage space as well! 2 car attached garage, extra shed for your outdoor needs, stocked wood pile and lush landscaping ready for your TLC! Buyer/Buyer Agent to verify all information. Taxes estimated.
Unit Size
1,608 Ft²
Days on Market
-
Land Size
1.76 acres
Price per sqft
$118
Property Type
House
Property Taxes
$150
HOA Dues
-
Year Built
1971

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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: 3 years ago (MichRIC MLS #21096095)

Price History

Date / Event Date Event Price
Jul 14, 2021 Sold
Premium
Sold
May 29, 2021 Listed by GOOD EARTH REAL ESTATE, LLC $189,900
Listed by GOOD EARTH REAL ESTATE, LLC

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,288
  • Garage Type: 7
  • Garage Square Area: 560
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 76,666
  • Total Building Area: 1,608
  • Building Area: 1,608
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,608
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001760
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: COM 1303.91 FT S OF E1/4 COR TH S 211.75 FT TH S89?49'W 363 FT TH N 211.75 FT TH N89?49'E 363 FT TO BEG. SEC 36 T2S R3W 1.76A

Neighborhood

  • School District Name: Western School District
  • School Tax School District: 38010
  • Census Tract: 006401

Zoning

  • Zoning: AG 1

Geography

  • Assessors Map Reference: MAPS SE1/4, SEC
  • District: 11
  • Parcel: 000-06-36-476-001-00
  • Meridian: SEC 36 TWN 02S RNG 03W
  • Municipality: PARMA TWP
  • Latitude: 42.251
  • Longitude: -84.6005

    Address

  • Full Address: 1064 S Parma Rd
  • Address - House Number: 1064
  • Street Direction: S
  • Address - Street Name: Parma
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Parma
  • Carrier Code: R063
  • 4-Digit Zip Code: 9568
  • Zip Code: 49269

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $355,175
  • Tax Rate Code Area: 11

    Appraisal Valuation

  • Standard Deviation: 0.1933
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 74
  • Final Value: 258,963
  • High Value: 309,026
  • Low Value: 208,900

    Market Valuation

  • Market Total Value: $191,000
  • Market Land Value: $19,000
  • Market Improvement Value: $172,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $95,500
  • Assessed Land Value: $9,500
  • Assessed Improvements Value: $86,000

    Sales

  • Current Sale Contract Date: Jul 07, 2021
  • Current Sale Recording Date: Jul 14, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2888985
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: Bailey Mollitor, GOOD EARTH REAL ESTATE, LLC
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21096095
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 1064 South Parma Road built and last sold?
The property at 1064 South Parma Road was built in 1971 and last sold on Jul 7, 2021 for $216,000.
How much is this home worth?
The estimated value of the home located at 1064 South Parma Road is $0.
What are some comparable homes to 1064 South Parma Road?
There are currently no comparable homes to 1064 South Parma Road.
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