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Jackson 49230
122 Channel Drive
$306,000
● House - Off Market

122 Channel Drive

Brooklyn, MI 49230
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,475 Ft²
$1,666
Est. Monthly
10.71%
Cap Rate

About This Property

Offers are due 6-25-24 @ 10:00 am.

Channel front home at Wamplers Lake in Brooklyn.  Conveniently located on 75 feet of channel frontage, in between all-sports Wamplers Lake and no-wake Round Lake.  3 bedrooms, 2 full baths and an office that could be used as a 4th bedroom.  Open concept kitchen, overlooking a beautiful water view and nothing but nature across the channel.  Large 2 car attached garage.  Hard wood floors.  Main floor laundry is currently in the bedroom closet.  Round lake is perfect for a relaxing pontoon ride and a great place to swim and Kayak.  All-sports Wamplers Lake is perfect for everything!
Unit Size
1,475 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$200
Property Type
House
Property Taxes
$217
HOA Dues
-
Year Built
-

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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 #24030992)

Price History

Date / Event Date Event Price
Jul 26, 2024 Sold
Premium
Sold
Jun 27, 2024 In contract -
In contract
Jun 18, 2024 Listed by ERA REARDON - BROOKLYN $295,000
Listed by ERA REARDON - BROOKLYN
Sep 22, 2005 Sold
Premium
Sold
Sep 19, 2000 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 8
  • 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: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 624
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,276
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 700
  • Total Building Area: 1,599
  • Building Area: 1,599
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,599
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKES SUBDIVISION
  • Land Acres: 0000000190
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: BEG AT E 1/4 POST OF SEC 36 TH S ALG E SEC LN TO N LN OF HAYES STATE PARK TH N 78DEG 14'W 207.5 FT TH S 64DEG 48'W 110 FT TH

Neighborhood

  • School District Name: Columbia School District
  • School Tax School District: 38040
  • Census Tract: 006803

Zoning

  • Zoning: RES

Geography

  • Assessors Map Reference: MAPS
  • District: 10
  • Parcel: 000-20-36-476-016-01
  • Lot: 7-8
  • Meridian: SEC 36 TWN 04S RNG 02
  • Municipality: NORVELL TWP
  • Latitude: 42.0729
  • Longitude: -84.1363

    Address

  • Full Address: 122 Channel Dr
  • Address - House Number: 122
  • Address - Street Name: Channel
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Brooklyn
  • Carrier Code: R006
  • 4-Digit Zip Code: 9559
  • Zip Code: 49230

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $119,719
  • Tax Rate Code Area: 10

    Appraisal Valuation

  • Standard Deviation: 0.1902
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 74
  • Final Value: 252,227
  • High Value: 300,223
  • Low Value: 204,231

    Market Valuation

  • Market Total Value: $173,200
  • Market Land Value: $173,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $86,600
  • Assessed Land Value: $86,600

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 01, 2005
  • Current Sale Recording Date: Sep 22, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2412399
  • Previous Sale Recording Date: Sep 19, 2000
  • Previous Sale Contract Date: Sep 12, 2000
  • Previous Sale Amount: $116,000
  • 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: Jason Aldrich, ERA REARDON - BROOKLYN
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24030992
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 122 Channel Drive built and last sold?
The property at 122 Channel Drive was built in and last sold on Sep 1, 2005 for $110,000.
How much is this home worth?
The estimated value of the home located at 122 Channel Drive is $294,185.
What are some comparable homes to 122 Channel Drive?
There are currently no comparable homes to 122 Channel Drive.
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