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Jackson 49202
115 E MONROE ST
$37,500
● House - Off Market

115 E MONROE ST

Jackson, MI 49202
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,075 Ft²
$35,052
RealtyHop Estimate
40.21%
Since Jul 1, 2020
National-US
Primary Model

About This Property

RANCH HOME CLOSE TO HIGHWAYS TO COMMUTE! MASTER SUITE ADDITION. 2 FULL BATHS, BASEMENT & GARAGE.  Property was built prior to 1978 and lead based paint potentially exists. Seller to convey title via a quit clam/non-warranty deed only. offers have to be on VA forms. Seller to convey title via a quit claim/non-warranty deed only.  This property may qualify for Seller Financing (Vendee).
Unit Size
1,075 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$23
Property Type
House
Property Taxes
$112
HOA Dues
-
Year Built
1946

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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 #21073977)

Price History

Date / Event Date Event Price
Jun 29, 2020 Sold
Premium
Sold
May 27, 2020 Listed by C-21 Affiliated - Jackson $25,000
Listed by C-21 Affiliated - Jackson
Apr 2, 2020 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1946
  • Effective Year Built: 1946
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 3
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 720
  • Garage Type: 7
  • Garage Square Area: 280
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,882
  • Lot Size Depth Feet: 1,530
  • Lot Size Frontage Feet: 450
  • Total Building Area: 1,075
  • Building Area: 1,075
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,075
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: KEYSER WOODFIELD ADD
  • Land Acres: 0000000158
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 99 KEYSER WOODFIELD ADD

Neighborhood

  • School District Name: Jackson Public Schools
  • School Tax School District: 38170
  • Census Tract: 006900

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: MAPS 8-40
  • District: 50
  • Parcel: 8-2066.1000
  • Lot: 99
  • Municipality: JACKSON CITY
  • Latitude: 42.2645
  • Longitude: -84.4026

    Address

  • Full Address: 115 E Monroe St
  • Legal Unit: 99
  • Address - House Number: 115
  • Street Direction: E
  • Address - Street Name: Monroe
  • Address - Suffix Type: St
  • State: MI
  • City Name: Jackson
  • Carrier Code: C009
  • 4-Digit Zip Code: 2393
  • Zip Code: 49202

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $169,625
  • Tax Rate Code Area: 50

    Appraisal Valuation

  • Standard Deviation: 0.2514
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 64
  • Final Value: 107,231
  • High Value: 134,199
  • Low Value: 80,263

    Market Valuation

  • Market Total Value: $74,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $37,000

    Sales

  • Current Sale Contract Date: Feb 20, 2020
  • Current Sale Recording Date: Apr 02, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Apr 02, 2020
  • Previous Sale Contract Date: Feb 18, 2020
  • Previous Sale Amount: $75,525
  • 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:

$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

Unit for rent at 1511 S Martin Luther King Jr Drive, Jackson, MI, 49203

$1,400 /mo

  • 3 Beds
  • 1 Bath
  • 1,134 ft²
1511 S Martin Luther King Jr Drive, Jackson, MI, 49203 Listing by Stephanie Bosanac-Mortimer

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: RHONDA K. MILES, C-21 Affiliated - Jackson
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21073977
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 115 East Monroe Street built and last sold?
The property at 115 East Monroe Street was built in 1946 and last sold on Feb 20, 2020 for $75,525.
How much is this home worth?
The estimated value of the home located at 115 East Monroe Street is $30,151.
What are some comparable homes to 115 East Monroe Street?
There are currently no comparable homes to 115 East Monroe Street.
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