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Jackson 49240
1168 Norvell Road
$192,000
● House - Off Market

1168 Norvell Road

Grass Lake, MI 49240
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,219 Ft²
$201,551
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

Charming home in desirable Grass Lake community. This home has only had one owner and has been well loved and taken care of.  Many updates including new furnace in 2021. Large kitchen and family room. Plenty of space or entertaining. Home has original woodwork throughout and custom-built ins with ample amount of storage. Large partially fenced in backyard and close proximity to schools. Come take  look! This one won't last long!
Unit Size
1,219 Ft²
Days on Market
-
Land Size
0.55 acres
Price per sqft
$164
Property Type
House
Property Taxes
$169
HOA Dues
-
Year Built
1940

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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 #23009213)

Price History

Date / Event Date Event Price
May 11, 2023 Sold
Premium
Sold
Mar 30, 2023 Listed by ERA REARDON REALTY, L.L.C. $200,000
Listed by ERA REARDON REALTY, L.L.C.

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Bedroom Count: 3
  • 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: 9
  • Basement Area: 754
  • Garage Type: 7
  • Garage Square Area: 740
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 24,002
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 1,200
  • Total Building Area: 1,219
  • Building Area: 1,219
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,219
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GRASS LAKE
  • Land Acres: 0000000551
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: THE N 120 FT OF THE S 280 FT OF E 200 FT OF A PCL OF LD DESCD AS---THEN 32.01A OF THE E 47.01A OF NFRL 1/2 OF NEFRL 1/4. SEC

Neighborhood

  • School District Name: Grass Lake Community Schools
  • School Tax School District: 38050
  • Census Tract: 006804

Zoning

  • Zoning: R2- SIN

Geography

  • Assessors Map Reference: MAPS
  • District: 04
  • Parcel: 000-15-04-227-015-00
  • Meridian: SEC 04 TWN 03S RNG 02E
  • Municipality: GRASS LAKE TWP
  • Latitude: 42.2464
  • Longitude: -84.1903

    Address

  • Full Address: 1168 Norvell Rd
  • Address - House Number: 1168
  • Address - Street Name: Norvell
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Grass Lake
  • Carrier Code: R041
  • 4-Digit Zip Code: 9748
  • Zip Code: 49240

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $152,940
  • Tax Rate Code Area: 4

    Appraisal Valuation

  • Standard Deviation: 0.1089
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 89
  • Final Value: 193,052
  • High Value: 214,078
  • Low Value: 172,026

    Market Valuation

  • Market Total Value: $205,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $102,600

    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:

$234,900

Sale Price/ft²

$145

Below Asking

0.03%

Average Days on Market

55

Average Home Size

1875 ft²

Average Home Age

74.7 years

Currently For Sale

417 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: ADRIENNE ROSE, ERA REARDON REALTY, L.L.C.
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 23009213
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 1168 Norvell Road built and last sold?
The property at 1168 Norvell Road was built in 1940 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1168 Norvell Road is $0.
What are some comparable homes to 1168 Norvell Road?
There are currently no comparable homes to 1168 Norvell Road.
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