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Jackson 49241
11375 Folks Road
$120,000
● Land - Off Market

11375 Folks Road

Hanover, MI 49241
bedrooms
Studio
bathrooms
0 Bath
$119,554
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

This 18 acre parcel on Folks Road offers a little bit of everything. Lots of wood and hills as well as some clearing for possible pasture or tillable. Old house on property may need to come down. It is not currently livable and is in really rough shape. This property is being sold as vacant land.
Unit Size
-
Days on Market
-
Land Size
18.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
$62
HOA Dues
-
Year Built
1900

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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 #23135764)

Price History

Date / Event Date Event Price
Oct 27, 2023 Sold
Premium
Sold
Sep 26, 2023 Listed by RE/MAX MID-MICHIGAN R.E. $120,000
Listed by RE/MAX MID-MICHIGAN R.E.

Property Highlights

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 774,497
  • Lot Size Depth Feet: 6,600
  • Lot Size Frontage Feet: 11,110
  • Total Building Area: 1,012
  • Building Area: 1,012
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,012
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000017780
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: THE E 3/4 OF N 1/2 OF N 1/2 OF NE 1/4. EXC BEG AT NE COR OF SEC 23 TH S 0DEG 11'E 660 FT TH W 655.5 FT TH N 0DEG 01'W 660 FT

Neighborhood

  • School District Name: Hanover-Horton Schools
  • School Tax School District: 38100
  • Census Tract: 006404

Zoning

  • Zoning: AG-1

Geography

  • Parcel: 000-16-23-226-001-11
  • Meridian: SEC 23 TWN 04S RNG 03W
  • Municipality: PULASKI TWP
  • Latitude: 42.1147
  • Longitude: -84.6173

    Address

  • Full Address: 11375 Folks Rd
  • Address - House Number: 11375
  • Address - Street Name: Folks
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Hanover
  • Carrier Code: R001
  • 4-Digit Zip Code: 8708
  • Zip Code: 49241

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $17,945
  • Tax Rate Code Area: 12

    Appraisal Valuation

  • Standard Deviation: 0.1097
  • Valuation Date: Nov 22, 2023
  • Confidence Score: 88
  • Final Value: 116,378
  • High Value: 129,151
  • Low Value: 103,604

    Market Valuation

  • Market Total Value: $128,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $64,400
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

1881 ft²

Average Home Age

74.7 years

Currently For Sale

416 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

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MichRIC

Listed by: DEANN E GUMBERT, RE/MAX MID-MICHIGAN R.E.
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 23135764
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 11375 Folks Road built and last sold?
The property at 11375 Folks Road was built in 1900 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 11375 Folks Road is $121,200.
What are some comparable homes to 11375 Folks Road?
There are currently no comparable homes to 11375 Folks Road.
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