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Jackson 49203
1218 ROWAN ST
$165,000
● House - Off Market

1218 ROWAN ST

Jackson, MI 49203
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,706 Ft²
$188,718
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model

About This Property

Location, Location, Location! This beautiful home is located in Summit Township and close to Cascades Park! The home offers 3 bedrooms (with a 4th non-conforming bedroom that was previously used as a nursery), dining room, and partially finished basement with recreational room. Home features hardwood floors under the carpet, newer furnace and central air systems. Outside, you'll find a tiered deck that takes you out to the beautifully landscaped yard that provides a fully fenced back yard. Home also offers a large 3.5 car garage and is situated on .45 acres. Located close to schools, parks, golf courses, shopping, and restaurants.
Unit Size
1,706 Ft²
Days on Market
-
Land Size
0.45 acres
Price per sqft
$97
Property Type
House
Property Taxes
$150
HOA Dues
-
Year Built
1930

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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 #21096363)

Price History

Date / Event Date Event Price
Sep 1, 2021 Sold
Premium
Sold
Jun 25, 2021 Listed by HOWARD HANNA REAL ESTATE SERVI $164,900
Listed by HOWARD HANNA REAL ESTATE SERVI
Feb 20, 2008 Sold
Premium
Sold
Jul 16, 1999 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 816
  • Garage Type: 7
  • Garage Square Area: 768
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,515
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 1,500
  • Total Building Area: 1,020
  • Building Area: 1,020
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,020
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HALL AND KENNEDYS WESTERN ADD
  • Land Acres: 0000000448
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 1 BLOCK 1 HALL AND KENNEDY'S WESTERN ADDITION

Neighborhood

  • School District Name: Jackson Public Schools
  • School Tax School District: 38170
  • Census Tract: 005301

Zoning

  • Zoning: RS1

Geography

  • Assessors Map Reference: MAPS
  • District: 17
  • Parcel: 235-13-04-352-001-00
  • Block: 1
  • Lot: 1
  • Municipality: SUMMIT TWP
  • Latitude: 42.234
  • Longitude: -84.4426

    Address

  • Full Address: 1218 Rowan St
  • Legal Unit: 1
  • Address - House Number: 1218
  • Address - Street Name: Rowan
  • Address - Suffix Type: St
  • State: MI
  • City Name: Jackson
  • Carrier Code: C039
  • 4-Digit Zip Code: 2742
  • Zip Code: 49203

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $204,275
  • Tax Rate Code Area: 17

    Appraisal Valuation

  • Standard Deviation: 0.2337
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 67
  • Final Value: 194,702
  • High Value: 240,209
  • Low Value: 149,195

    Market Valuation

  • Market Total Value: $174,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $87,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 26, 2021
  • Current Sale Recording Date: Sep 01, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2893096
  • Previous Sale Recording Date: Feb 20, 2008
  • Previous Sale Contract Date: Feb 06, 2008
  • Previous Sale Amount: $95,000
  • 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:

$233,000

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: HILLARY KNAPP, HOWARD HANNA REAL ESTATE SERVI
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21096363
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 1218 Rowan Street built and last sold?
The property at 1218 Rowan Street was built in 1930 and last sold on Aug 26, 2021 for $165,000.
How much is this home worth?
The estimated value of the home located at 1218 Rowan Street is $0.
What are some comparable homes to 1218 Rowan Street?
There are currently no comparable homes to 1218 Rowan Street.
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