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Jackson 49203
1223 Loeser Avenue
$108,000
● House - Off Market

1223 Loeser Avenue

Jackson, MI 49203
bedrooms
2 Beds
bathrooms
1 Bath
square feet
768 Ft²
$654
Est. Monthly
9.33%
Cap Rate

About This Property

Welcome to this delightful little bungalow nestled on a quiet city street less than a mile from Cascades Park. This cute and cozy home offers 2 bedrooms, hardwood floors, and a welcoming enclosed front porch, all creating a warm and inviting atmosphere. The unfinished basement provides ample potential for additional space and the 1 car garage offers more storage. Outside you'll find a landscaped yard featuring a stunning magnolia tree in the front, adding a touch of beauty to the property each spring when it bursts into bloom. The basement recently received an Ayers Basement System makeover with a transferable warranty. This home was lovingly cared for by its previous owner for 20 years and is in move-in condition. Schedule your showing today!
Unit Size
768 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$146
Property Type
House
Property Taxes
$104
HOA Dues
-
Year Built
1928

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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 #24013066)

Price History

Date / Event Date Event Price
May 9, 2024 Sold
Premium
Sold
Mar 18, 2024 Listed by RE/MAX MID-MICHIGAN R.E. $112,000
Listed by RE/MAX MID-MICHIGAN R.E.
Jul 3, 2002 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1928
  • Effective Year Built: 1928
  • 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: 3
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 704
  • Garage Type: 7
  • Garage Square Area: 216
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,182
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 420
  • Total Building Area: 768
  • Building Area: 768
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 768
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LOESERS SUB
  • Land Acres: 0000000096
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: S 17 FT OF LOT 6 & N 23 FT OF LOT 7 BLK 5 LOESER'S SUB DIV OF BLKS 14, 15, 16 & PART OF BLKS 6, 7 & 8 JACKSON MOUND ADD

Neighborhood

  • School District Name: Jackson Public Schools
  • School Tax School District: 38170
  • Census Tract: 000900

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: MAPS 3-27
  • District: 50
  • Parcel: 3-186100000
  • Block: 5-7,14
  • Lot: 6-7
  • Municipality: JACKSON CITY
  • Latitude: 42.2338
  • Longitude: -84.422

    Address

  • Full Address: 1223 Loeser Ave
  • Legal Unit: 6,7
  • Address - House Number: 1223
  • Address - Street Name: Loeser
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Jackson
  • Carrier Code: C016
  • 4-Digit Zip Code: 2913
  • Zip Code: 49203

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $101,914
  • Tax Rate Code Area: 50

    Appraisal Valuation

  • Standard Deviation: 0.2708
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 61
  • Final Value: 110,455
  • High Value: 140,374
  • Low Value: 80,536

    Market Valuation

  • Market Total Value: $70,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $35,400

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 28, 2002
  • Current Sale Recording Date: Jul 03, 2002
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2248165
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:

$148,900

Sale Price/ft²

$113

Below Asking

0.03%

Average Days on Market

57

Average Home Size

1485 ft²

Average Home Age

98.3 years

Currently For Sale

119 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 1024 S Brown St, MI, 48203

$950 /mo

  • 1 Bed
  • 1 Bath
1024 S Brown St, MI, 48203 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Jennifer Ferris, RE/MAX MID-MICHIGAN R.E.
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24013066
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 1223 Loeser Avenue built and last sold?
The property at 1223 Loeser Avenue was built in 1928 and last sold on Jun 28, 2002 for $74,900.
How much is this home worth?
The estimated value of the home located at 1223 Loeser Avenue is $0.
What are some comparable homes to 1223 Loeser Avenue?
There are currently no comparable homes to 1223 Loeser Avenue.
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