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Lenawee 49248
1496 W Mulberry Road
$130,000
● House - Off Market

1496 W Mulberry Road

Jasper, MI 49248
bedrooms
2 Beds
bathrooms
1 Bath
square feet
820 Ft²
$706
Est. Monthly
18.36%
Cap Rate

About This Property

Welcome to this turn-key home with some nice updates that is perfectly situated just 10 minutes south of Adrian, combining the peace of country living with convenient access to town. Enjoy the benefits of a newly added two-car garage, a secure fenced yard, an updated water heater, and an advanced water filtration system and more. Plus, this home and garage offers a metal roof for added peace of mind and durability. Don't miss out on this opportunity-schedule your tour today!
Unit Size
820 Ft²
Days on Market
27 days
Land Size
0.50 acres
Price per sqft
$158
Property Type
House
Property Taxes
$68
HOA Dues
-
Year Built
1945

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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: 2 years ago (MichRIC MLS #25017283)

Price History

Date / Event Date Event Price
May 22, 2025 Sold
Premium
Sold
Apr 30, 2025 In contract -
In contract
Apr 23, 2025 Listed by Key Realty One $129,900
Listed by Key Realty One
May 17, 2017 Sold
Premium
Sold
Oct 1, 1998 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1945
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 10
  • Construction Type: 0
  • Building Style: 15
  • 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: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,780
  • Total Building Area: 820
  • Building Area: 820
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 6
  • Heating: 4
  • Heated Square Feet: 820
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000500
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: PARCEL OF LD BEG AT SW COR OF SE 1/4 RUNN TH N 8 RDS TH E 160 FT TH S 8 RDS TH W 160 FT TO POB SEC 27

Neighborhood

  • School District Name: Sand Creek Community Schools
  • School Tax School District: SCH: 46130
  • Census Tract: 062000

Geography

  • District: FA0
  • Section: 27
  • Parcel: FA0-127-4510-00
  • Municipality: FAIRFIELD TWP
  • Latitude: 41.7425
  • Longitude: -84.0481

    Address

  • Full Address: 1496 W Mulberry Rd
  • Address - House Number: 1496
  • Street Direction: W
  • Address - Street Name: Mulberry
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Jasper
  • Carrier Code: R041
  • 4-Digit Zip Code: 9743
  • Zip Code: 49248

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $85,922

    Appraisal Valuation

  • Standard Deviation: 0.1929
  • Valuation Date: Jul 14, 2022
  • Confidence Score: 74
  • Final Value: 81,056
  • High Value: 96,697
  • Low Value: 65,415

    Market Valuation

  • Market Total Value: $47,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $23,800

    Sales

  • Current Sale Contract Date: May 15, 2017
  • Current Sale Recording Date: May 17, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 55
  • Previous Sale Recording Date: Oct 01, 1998
  • Previous Sale Contract Date: Oct 01, 1998
  • Previous Sale Amount: $15,000
  • Previous Sale Document Type: 27
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 Lenawee

Stats & Trends

Median Asking:

$260,000

Sale Price/ft²

$160

Below Asking

0.02%

Average Days on Market

55

Average Home Size

1989 ft²

Average Home Age

67.8 years

Currently For Sale

86 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: Julie Childers, Key Realty One
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25017283
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 1496 West Mulberry Road built and last sold?
The property at 1496 West Mulberry Road was built in 1945 and last sold on May 15, 2017 for $21,000.
How much is this home worth?
The estimated value of the home located at 1496 West Mulberry Road is $0.
What are some comparable homes to 1496 West Mulberry Road?
There are currently no comparable homes to 1496 West Mulberry Road.
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