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Jackson 49224
14994 Schultz Road
$240,000
● House - Off Market

14994 Schultz Road

Albion, MI 49224
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,653 Ft²
$1,374
Est. Monthly
5.54%
Cap Rate

About This Property

Enjoy country living in this lovely ranch on 1.57 acres with a pole barn. This is an Albion address, but Concord TWP and Concord Schools. Beautiful updated eat-in space kitchen with island, pantry & quartz counter top, main level laundry with 1/2 bath, large living room, three large bedrooms with beautiful updated bath with walk-in tile shower, glass doors and linen closet, spacious mudroom, deck, wood shed, 2-car detached garage and a 35 x 60 pole barn. Lots of space in the unfinished basement just waiting for you to customize. Piped & plumbed for a wood burner. Original hardwood under the living, hall, and bedrooms. New Boiler. Same owner for 27 years!
Unit Size
1,653 Ft²
Days on Market
-
Land Size
1.57 acres
Price per sqft
$151
Property Type
House
Property Taxes
$146
HOA Dues
-
Year Built
1958

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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 #23143357)

Price History

Date / Event Date Event Price
Apr 12, 2024 Sold
Premium
Sold
Nov 29, 2023 Listed by HOWARD HANNA REAL ESTATE SERVI $249,900
Listed by HOWARD HANNA REAL ESTATE SERVI
Jun 26, 1996 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Bedroom Count: 0
  • 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 Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,653
  • Garage Type: 7
  • Garage Square Area: 725
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Lot Size Depth Feet: 2,080
  • Lot Size Frontage Feet: 2,080
  • Total Building Area: 1,653
  • Building Area: 1,653
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,653
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001000
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: BEG AT SE COR OF SEC 8 TH N 208.75 FT TH W 208.75 FT TH S 208.75 FT TH E 208.75 FT TO BEG. SEC 8 T3S R3W 1.0000 A

Neighborhood

  • School District Name: Concord Community Schools
  • School Tax School District: 38080
  • Census Tract: 006401

Zoning

  • Zoning: RES

Geography

  • Assessors Map Reference: MAPS
  • District: 03
  • Parcel: 000-11-08-451-002-00
  • Meridian: SEC 08 TWN 03S RNG 03W
  • Municipality: CONCORD TWP
  • Latitude: 42.2182
  • Longitude: -84.6771

    Address

  • Full Address: 14994 Schultz Rd
  • Address - House Number: 14994
  • Address - Street Name: Schultz
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Albion
  • Carrier Code: R001
  • 4-Digit Zip Code: 9626
  • Zip Code: 49224

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $62,130
  • Tax Rate Code Area: 3

    Appraisal Valuation

  • Standard Deviation: 0.1902
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 74
  • Final Value: 242,289
  • High Value: 288,394
  • Low Value: 196,184

    Market Valuation

  • Market Total Value: $171,600
  • Market Land Value: $171,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $85,800
  • Assessed Land Value: $85,800

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 26, 1996
  • Current Sale Recording Date: Jun 26, 1996
  • Current Sale Price:
    Premium
  • Current 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:

$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

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MichRIC

Listed by: SHERRY HOOD, HOWARD HANNA REAL ESTATE SERVI
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 23143357
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 14994 Schultz Road built and last sold?
The property at 14994 Schultz Road was built in 1958 and last sold on Jun 26, 1996 for $70,000.
How much is this home worth?
The estimated value of the home located at 14994 Schultz Road is $252,157.
What are some comparable homes to 14994 Schultz Road?
There are currently no comparable homes to 14994 Schultz Road.
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