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Vandercook Lake 49203
121 Bagg Avenue
$28,000
● House - Off Market

121 Bagg Avenue

Jackson, MI 49203
bedrooms
Studio
bathrooms
1 Bath
square feet
864 Ft²
$297
Est. Monthly
20.41%
Cap Rate

About This Property

Investors Welcome!!! This single floor home is a great  investment property located in a fantastic residential neighborhood. The interior demo has already been accomplished. Beautiful new doors and windows have been put in place and all new siding is in boxes waiting for you! This is a great opportunity to complete a rehab on a home in Summit Township! Act fast, these opportunities go quickly! Arrange your Private showing today! BATVAI
Unit Size
864 Ft²
Days on Market
21 days
Land Size
0.12 acres
Price per sqft
$46
Property Type
House
Property Taxes
$100
HOA Dues
-
Year Built
1940

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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: 7 months ago (MichRIC MLS #25036155)

Price History

Date / Event Date Event Price
Mar 19, 2026 Sold
Premium
Sold
Feb 26, 2026 Relisted $40,000
Relisted
Sep 25, 2025 In contract -
In contract
Aug 8, 2025 Price Decreased $40,000
↓ $10K (20%)
Price Decreased
Jul 21, 2025 Listed by Production Realty $50,000
Listed by Production Realty
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • 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: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 290
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,401
  • Lot Size Depth Feet: 1,150
  • Lot Size Frontage Feet: 470
  • Total Building Area: 864
  • Building Area: 864
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 864
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BEVERLY HILLS
  • Land Acres: 0000000124
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 171 BEVERLY HILLS

Neighborhood

  • School District Name: Vandercook Lake Public Schools
  • School Tax School District: 38020
  • Census Tract: 005100

Zoning

  • Zoning: RU1

Geography

  • Assessors Map Reference: MAPS
  • District: 17
  • Parcel: 105-13-23-433-102-00
  • Lot: 171
  • Municipality: SUMMIT TWP
  • Latitude: 42.1953
  • Longitude: -84.3858

    Address

  • Full Address: 121 Bagg Ave
  • Legal Unit: 171
  • Address - House Number: 121
  • Address - Street Name: Bagg
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Jackson
  • Carrier Code: C032
  • 4-Digit Zip Code: 6018
  • Zip Code: 49203

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $125,852
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 17

    Appraisal Valuation

  • Standard Deviation: 0.251
  • Valuation Date: Nov 22, 2023
  • Confidence Score: 64
  • Final Value: 107,699
  • High Value: 134,742
  • Low Value: 80,656

    Market Valuation

  • Market Total Value: $62,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $31,100

    Sales

  • Current Sale Contract Date: Oct 19, 2021
  • Current Sale Recording Date: Nov 04, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2898336
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 Vandercook Lake

Stats & Trends

Median Asking:

$214,900

Sale Price/ft²

$132

Below Asking

0.03%

Average Days on Market

50

Average Home Size

1629 ft²

Average Home Age

61.3 years

Currently For Sale

10 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: Jonathon Eric Ferguson, Production Realty
Last Updated: 7 months ago
Data Source: MichRIC, MLS# 25036155
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 121 Bagg Avenue built and last sold?
The property at 121 Bagg Avenue was built in 1940 and last sold on Oct 19, 2021 for $35,000.
How much is this home worth?
The estimated value of the home located at 121 Bagg Avenue is $40,400.
What are some comparable homes to 121 Bagg Avenue?
There are currently no comparable homes to 121 Bagg Avenue.
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