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Jackson 49203
131 MITCHELL ST
$48,500
● House - Off Market

131 MITCHELL ST

Jackson, MI 49203
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,352 Ft²
$304
Est. Monthly

About This Property

Large home, private back yard, 4 bedrooms, 2 bathrooms. Close to shopping, restaurants, parks and the highway for commuting ease!
Unit Size
1,352 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$36
Property Type
House
Property Taxes
$65
HOA Dues
-
Year Built
1906

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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: 8 months ago (MichRIC MLS #21049149)

Price History

Date / Event Date Event Price
Oct 6, 2021 No longer available -
No longer available
Jun 24, 2021 Sold
Premium
Sold
May 20, 2021 In contract -
In contract
Jan 20, 2021 Price Decreased $45,000
↓ $4K (7.2%)
Price Decreased
Mar 6, 2020 Listed $48,500
Listed
Large home, private back yard, 4 bedrooms, 2 bathrooms. Close to shopping, restaurants, parks and the highway for commuting ease! Tenant occupied, please allow extra time for confirmation of showings. **For the safety of all, Please follow all State of Michigan/CDC guidelines regarding social distancing and Personal Protective Equipment during showings. ** The manager has listed the unit size as 1352 square feet.
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Property Highlights

Building Info

Overview

    General

  • Year Built: 1906
  • Effective Year Built: 1906
  • Building Count: 1
  • Bedroom Count: 5
  • 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: 676
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,670
  • Lot Size Depth Feet: 2,810
  • Lot Size Frontage Feet: 690
  • Total Building Area: 1,352
  • Building Area: 1,352
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,352
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BLK B MOORES ADD
  • Land Acres: 0000000222
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: 0755 E 36 FT OF LOT 2 BLK B MOORE'S ADD & LAND COM AT A POINT ON S LN OF MITCHELL ST 18 RDS W OF W LN OF MILWAUKEE ST TH S 9

Neighborhood

  • School District Name: Jackson Public Schools
  • School Tax School District: 38170
  • Census Tract: 001100

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: MAPS 5-17
  • District: 50
  • Parcel: 5-074800000
  • Block: B
  • Lot: 2
  • Meridian: SEC 02 TWN 03S RNG 01W
  • Municipality: JACKSON CITY
  • Latitude: 42.238
  • Longitude: -84.4018

    Address

  • Full Address: 131 Mitchell St
  • Legal Unit: 2
  • Address - House Number: 131
  • Address - Street Name: Mitchell
  • Address - Suffix Type: St
  • State: MI
  • City Name: Jackson
  • Carrier Code: C019
  • 4-Digit Zip Code: 3232
  • Zip Code: 49203

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $105,497
  • Initial Tax Delinquent Year: 2019
  • Tax Rate Code Area: 50

    Appraisal Valuation

  • Standard Deviation: 0.1089
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 89
  • Final Value: 42,909
  • High Value: 47,583
  • Low Value: 38,236

    Market Valuation

  • Market Total Value: $40,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $20,100

    Sales

  • Current Sale Contract Date: Jun 22, 2021
  • Current Sale Recording Date: Jun 24, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2887220
  • Previous Sale Recording Date: Dec 15, 2003
  • Previous Sale Contract Date: Dec 05, 2003
  • Previous Sale Amount: $44,900
  • 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: DEBBIE CROWNOVER, RE/MAX MID-MICHIGAN R.E.
Last Updated: 8 months ago
Data Source: MichRIC, MLS# 21049149
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 131 Mitchell Street built and last sold?
The property at 131 Mitchell Street was built in 1906 and last sold on Jun 22, 2021 for $45,000.
How much is this home worth?
The estimated value of the home located at 131 Mitchell Street is $0.
What are some comparable homes to 131 Mitchell Street?
There are currently no comparable homes to 131 Mitchell Street.
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