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Jackson 49203
1507 Joy Avenue
$85,000
● House - Off Market

1507 Joy Avenue

Jackson, MI 49203
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,142 Ft²
$86,481
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model

About This Property

Lovely Craftsman style home nestled on a quiet street with gorgeous woodwork throughout. This 3 bedroom home has been well maintained and updates include a steel roof, replacement windows, water heater and AC. The main floor features a bedroom, sunny kitchen with breakfast nook and an adjacent mud room. Upstairs you will find two spacious bedrooms and a large full bath.  Relax on the enclosed front porch or take advantage of this lovely home's large deck with privacy fence that leads out to parklike backyard and garage.
Unit Size
1,142 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$74
Property Type
House
Property Taxes
$69
HOA Dues
-
Year Built
1900

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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 #23006745)

Price History

Date / Event Date Event Price
Apr 19, 2023 Sold
Premium
Sold
Mar 8, 2023 Listed by RE/MAX MID-MICHIGAN R.E. $85,000
Listed by RE/MAX MID-MICHIGAN R.E.

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Bedroom Count: 2
  • 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: 520
  • Garage Type: 7
  • Garage Square Area: 252
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,621
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 530
  • Total Building Area: 1,142
  • Building Area: 1,142
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,142
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: KIRTLAND ADDITION TO THE CITY OF JACKSON
  • Land Acres: 0000000152
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 26 BLK 3 & A STRIP OF LAND 6 FT N&S & 53 FT E&W ADJ SD LOT ON S FORMERY PLATTED AS N ALLEY NOW VACATED THE KIRTLAND

Neighborhood

  • School District Name: Jackson Public Schools
  • School Tax School District: 38170
  • Census Tract: 001200

Zoning

  • Zoning: R-2

Geography

  • Assessors Map Reference: MAPS 6-15
  • District: 50
  • Parcel: 6-070900000
  • Block: 3
  • Lot: 26
  • Municipality: JACKSON CITY
  • Latitude: 42.2455
  • Longitude: -84.386

    Address

  • Full Address: 1507 Joy Ave
  • Legal Unit: 26
  • Address - House Number: 1507
  • Address - Street Name: Joy
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Jackson
  • Carrier Code: C033
  • 4-Digit Zip Code: 1932
  • Zip Code: 49203

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $101,383
  • Tax Rate Code Area: 50

    Appraisal Valuation

  • Standard Deviation: 0.1089
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 89
  • Final Value: 83,029
  • High Value: 92,072
  • Low Value: 73,986

    Market Valuation

  • Market Total Value: $50,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $25,400

    Exemptions

  • Homeowner Exemption: Yes
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

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MichRIC

Listed by: KIRSTEN N KNUEPPEL-MOGLE, RE/MAX MID-MICHIGAN R.E.
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 23006745
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 1507 Joy Avenue built and last sold?
The property at 1507 Joy Avenue was built in 1900 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1507 Joy Avenue is $0.
What are some comparable homes to 1507 Joy Avenue?
There are currently no comparable homes to 1507 Joy Avenue.
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