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Jackson 49203
1238 first street
$82,000
● House - Off Market

1238 first street

Jackson, MI 49203
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,289 Ft²
$619
Est. Monthly
19.37%
Cap Rate

About This Property

This 3 bedroom 2 bath home is laid out nicely with 2 bedrooms and a full bath upstairs and another bedroom and full bath on the main floor. The laundry is on the main floor as well which is great for convenience. Enjoy the front deck right off the kitchen throughout the summer. This home is a short distance from the Cascades or Ella Sharp park for lots of fun all year around including fireworks, trails, putt putt, playgrounds, pavilions, or the falls, or sledding.  All information is believed to be accurate but is not guaranteed. Buyers and buyers agent to verify all information.
Unit Size
1,289 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$64
Property Type
House
Property Taxes
$212
HOA Dues
-
Year Built
1890

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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 #23144512)

Price History

Date / Event Date Event Price
Feb 1, 2024 Sold
Premium
Sold
Dec 11, 2023 Listed by Five Star Real Estate-Jackson $82,900
Listed by Five Star Real Estate-Jackson
Mar 15, 2022 Sold
Premium
Sold
Apr 21, 2006 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1890
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • 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 Cover: 0
  • Basement Type: 9
  • Basement Area: 744
  • 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: 6,534
  • Lot Size Depth Feet: 840
  • Lot Size Frontage Feet: 617
  • Total Building Area: 1,212
  • Building Area: 1,212
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,212
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PALMERS ADD
  • Land Acres: 0000000150
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: COM AT INTERS OF W LN OF FIRST ST WITH N LN OF HIGH ST TH W ALG N LN OF HIGH ST 61.7 FT TH N AT R/A TO HIGH ST 39 FT TH NWLY

Neighborhood

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

Zoning

  • Zoning: R-2

Geography

  • Assessors Map Reference: MAPS 3-31
  • District: 50
  • Parcel: 3-227100000
  • Block: 3
  • Lot: 10
  • Municipality: JACKSON CITY
  • Latitude: 42.2331
  • Longitude: -84.4151

    Address

  • Full Address: 1238 1st St
  • Legal Unit: 10,10
  • Address - House Number: 1238
  • Address - Street Name: 1st
  • Address - Suffix Type: St
  • State: MI
  • City Name: Jackson
  • Carrier Code: C018
  • 4-Digit Zip Code: 3035
  • Zip Code: 49203

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $160,444
  • Tax Rate Code Area: 50

    Appraisal Valuation

  • Standard Deviation: 0.468
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 6
  • Final Value: 75,767
  • High Value: 111,228
  • Low Value: 40,305

    Market Valuation

  • Market Total Value: $63,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $31,500

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 10, 2022
  • Current Sale Recording Date: Mar 15, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 44
  • Previous Sale Recording Date: Apr 21, 2006
  • Previous Sale Contract Date: Apr 14, 2006
  • Previous Sale Amount: $115,000
  • 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:

$148,900

Sale Price/ft²

$113

Below Asking

0.03%

Average Days on Market

57

Average Home Size

1484 ft²

Average Home Age

98.2 years

Currently For Sale

117 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 1511 S Martin Luther King Jr Drive, Jackson, MI, 49203

$1,400 /mo

  • 3 Beds
  • 1 Bath
  • 1,134 ft²
1511 S Martin Luther King Jr Drive, Jackson, MI, 49203 Listing by Stephanie Bosanac-Mortimer

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Korey Rowlson, Five Star Real Estate-Jackson
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 23144512
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 1238 1st Street built and last sold?
The property at 1238 1st Street was built in 1890 and last sold on Mar 10, 2022 for $70,000.
How much is this home worth?
The estimated value of the home located at 1238 1st Street is $0.
What are some comparable homes to 1238 1st Street?
There are currently no comparable homes to 1238 1st Street.
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