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Jackson
12221 State Road
$89,900
● House - Off Market

12221 State Road

Rives Junction, MI 49277
bedrooms
1 Bed
bathrooms
1 Bath
square feet
1,008 Ft²
$512
Est. Monthly
13.23%
Cap Rate

About This Property

Rare find in the country with a little over an acre of fenced in yard. Spacious garage with a work shop. Watch the sunrise or sunset on the patio, or enjoy a bonfire. Inside is 1 bedroom and 1 bath, combined kitchen/dining, living room and a small space for an office.
Unit Size
1,008 Ft²
Days on Market
-
Land Size
1.03 acres
Price per sqft
$89
Property Type
House
Property Taxes
$70
HOA Dues
-
Year Built
1970

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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 #24054304)

Price History

Date / Event Date Event Price
Oct 3, 2024 Sold
Premium
Sold
Sep 18, 2024 Listed by NON-MEMBER REALTOR 'LIST' $89,900
Listed by NON-MEMBER REALTOR 'LIST'
Apr 13, 2018 Sold
Premium
Sold
Jan 24, 2018 Listed by NON-MEMBER REALTOR 'LIST' $40,000
Listed by NON-MEMBER REALTOR 'LIST'
Mar 21, 2011 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • 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: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 44,867
  • Total Building Area: 1,008
  • Building Area: 1,008
  • Building Area Measurement: K

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 6
  • Heated Square Feet: 1,008
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001030
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: COM AT SE COR OF SEC 4 TH N00?35'43''W 1334.42 FT ALG E SEC LN TH S89?29'42''W 455.59 FT ALG CEN LN OF TERRITORIAL RD TH

Neighborhood

  • School District Name: Leslie Public Schools
  • School Tax School District: 33100
  • Census Tract: 006701

Zoning

  • Zoning: AG

Geography

  • Assessors Map Reference: MAPS
  • District: 13
  • Parcel: 000-03-04-477-001-06
  • Meridian: SEC 04 TWN 01S RNG 01W
  • Municipality: RIVES TWP
  • Latitude: 42.4099
  • Longitude: -84.4269

    Address

  • Full Address: 12221 State Rd
  • Address - House Number: 12221
  • Address - Street Name: State
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Rives Junction
  • Carrier Code: R002
  • 4-Digit Zip Code: 9716
  • Zip Code: 49277

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $39,917
  • Initial Tax Delinquent Year: 2016
  • Tax Rate Code Area: 13

    Appraisal Valuation

  • Standard Deviation: 0.2408
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 66
  • Final Value: 92,621
  • High Value: 114,929
  • Low Value: 70,312

    Market Valuation

  • Market Total Value: $64,800
  • Market Land Value: $64,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $32,400
  • Assessed Land Value: $32,400

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 09, 2018
  • Current Sale Recording Date: Apr 13, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2794235
  • Previous Sale Recording Date: Mar 21, 2011
  • Previous Sale Contract Date: Feb 17, 2011
  • Previous Sale Amount: $17,000
  • Previous Sale Document Type: 55
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

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MichRIC

Listed by: MichRIC Non-Member, NON-MEMBER REALTOR 'LIST'
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24054304
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 12221 State Road built and last sold?
The property at 12221 State Road was built in 1970 and last sold on Apr 9, 2018 for $36,000.
How much is this home worth?
The estimated value of the home located at 12221 State Road is $0.
What are some comparable homes to 12221 State Road?
There are currently no comparable homes to 12221 State Road.
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