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Jackson 49203
118 Summit Street
$187,000
● House - Off Market

118 Summit Street

Jackson, MI 49203
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,930 Ft²
$181,900
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

If you are looking for an affordable, meticulously maintained and updated ranch then look no further. This home has quality features throughout! Hardwood floors, wood cabinets, updated bathroom, replacement windows, finished breezeway leading to an attached 2 car garage. Additional det 1 car garage and shed in spacious back yard. Partially finished basement. Rec Room with fireplace. MULTIPLE OFFERS RECEIVED. HIGHEST AND BEST DUE THURSDAY 11/2 AT NOON
Unit Size
1,930 Ft²
Days on Market
-
Land Size
0.44 acres
Price per sqft
$94
Property Type
House
Property Taxes
$196
HOA Dues
-
Year Built
1957

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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 #23140257)

Price History

Date / Event Date Event Price
Nov 20, 2023 Sold
Premium
Sold
Oct 30, 2023 Listed by RE/MAX MID-MICHIGAN R.E. $181,900
Listed by RE/MAX MID-MICHIGAN R.E.

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • 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: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,130
  • Garage Type: 7
  • Garage Square Area: 484
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,036
  • Lot Size Depth Feet: 1,360
  • Lot Size Frontage Feet: 1,400
  • Total Building Area: 1,130
  • Building Area: 1,130
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,130
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: J A WRIGHTS SUBDIVISION
  • Land Acres: 0000000437
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: W 40 FT OF LOT 18 AND ENTIRE LOTS 19 AND 20 J A WRIGHT'S SUBDIVISION OF LOTS 4 TO 9 INCLUSIVE AND LOTS 18 TO 29 INCLUSIVE OF

Neighborhood

  • School District Name: Jackson Public Schools
  • School Tax School District: 38170
  • Census Tract: 005000

Zoning

  • Zoning: RS2

Geography

  • Assessors Map Reference: MAPS CITY
  • District: 17
  • Parcel: 188-13-14-180-010-00
  • Lot: 18-20,4
  • Municipality: SUMMIT TWP
  • Latitude: 42.2123
  • Longitude: -84.3971

    Address

  • Full Address: 118 Summit St
  • Address - House Number: 118
  • Address - Street Name: Summit
  • Address - Suffix Type: St
  • State: MI
  • City Name: Jackson
  • Carrier Code: C030
  • 4-Digit Zip Code: 4667
  • Zip Code: 49203

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $180,219
  • Tax Rate Code Area: 17

    Appraisal Valuation

  • Standard Deviation: 0.1115
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 88
  • Final Value: 182,209
  • High Value: 202,543
  • Low Value: 161,875

    Market Valuation

  • Market Total Value: $135,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $67,600
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

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 S APPLEGATE, RE/MAX MID-MICHIGAN R.E.
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 23140257
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 118 Summit Street built and last sold?
The property at 118 Summit Street was built in 1957 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 118 Summit Street is $0.
What are some comparable homes to 118 Summit Street?
There are currently no comparable homes to 118 Summit Street.
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