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Jackson 49241
12500 Brown Road
$184,900
● House - Off Market

12500 Brown Road

Hanover, MI 49241
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,760 Ft²
$1,028
Est. Monthly
5.55%
Cap Rate

About This Property

Move in and enjoy this 2 bedroom 1 11/2 bath ranch on 1.4 acres. This home has been in the same family since it was built. Three season sun room on the front. New flooring. Finished basement with a bar. New kitchen appliances. Fenced in area for dogs. Two car attached garage. Concord schools. Shows nice.
Unit Size
1,760 Ft²
Days on Market
-
Land Size
1.47 acres
Price per sqft
$105
Property Type
House
Property Taxes
$120
HOA Dues
-
Year Built
1978

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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 #24007711)

Price History

Date / Event Date Event Price
Apr 12, 2024 Sold
Premium
Sold
Feb 15, 2024 Listed by C-21 Affiliated - Jackson $184,900
Listed by C-21 Affiliated - Jackson
Jan 24, 2019 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 960
  • 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: 64,033
  • Lot Size Depth Feet: 3,928
  • Lot Size Frontage Feet: 1,630
  • Total Building Area: 960
  • Building Area: 960
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 960
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PULASKI
  • Land Acres: 0000001470
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: BEG IN N&S 1/4 LN AT A PT DISTANT 660 FT N OF S 1/4 POST OF SEC 15 TH E PAR WITH S SEC LN 130 FT TO A PT FOR PL OF BEG OF

Neighborhood

  • School District Name: Concord Community Schools
  • School Tax School District: 38080
  • Census Tract: 006404

Zoning

  • Zoning: RNF-1

Geography

  • Assessors Map Reference: MAPS
  • District: 12
  • Parcel: 000-16-15-451-001-01
  • Meridian: SEC 15 TWN 04S RNG 03W
  • Municipality: PULASKI TWP
  • Latitude: 42.1168
  • Longitude: -84.6417

    Address

  • Full Address: 12500 Brown Rd
  • Address - House Number: 12500
  • Address - Street Name: Brown
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Hanover
  • Carrier Code: R001
  • 4-Digit Zip Code: 9754
  • Zip Code: 49241

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $47,325
  • Tax Rate Code Area: 12

    Appraisal Valuation

  • Standard Deviation: 0.2407
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 66
  • Final Value: 181,010
  • High Value: 224,592
  • Low Value: 137,429

    Market Valuation

  • Market Total Value: $124,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $62,400

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 31, 2018
  • Current Sale Recording Date: Jan 24, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2813778
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

Rentals Near You

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MichRIC

Listed by: John M O'Dowd, C-21 Affiliated - Jackson
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24007711
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 12500 Brown Road built and last sold?
The property at 12500 Brown Road was built in 1978 and last sold on Dec 31, 2018 for $80,000.
How much is this home worth?
The estimated value of the home located at 12500 Brown Road is $0.
What are some comparable homes to 12500 Brown Road?
There are currently no comparable homes to 12500 Brown Road.
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