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Jackson 49269
1515 S Dearing Road
$765,000
● House - Off Market

1515 S Dearing Road

Parma, MI 49269
bedrooms
6 Beds
bathrooms
4 Baths
square feet
3,136 Ft²
$3,999
Est. Monthly
9.50%
Cap Rate
Unit Size
3,136 Ft²
Days on Market
-
Land Size
22.92 acres
Price per sqft
$244
Property Type
House
Property Taxes
$243
HOA Dues
-
Year Built
2015

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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: 2 years ago (MichRIC MLS #25025663)

Price History

Date / Event Date Event Price
May 30, 2025 Sold
Premium
Sold
Apr 27, 2025 Listed by ERA REARDON REALTY, L.L.C. $765,000
Listed by ERA REARDON REALTY, L.L.C.
Apr 10, 2015 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 2015
  • Effective Year Built: 2015
  • Building Count: 2
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 8
  • 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: 1,668
  • Garage Type: 7
  • Garage Square Area: 1,060
  • Parking Space Count: 4
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 998,395
  • Total Building Area: 2,832
  • Building Area: 2,832
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 18
  • Heated Square Feet: 2,832
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000022920
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: BEING A PART OF THE NORTHWEST 1/4, LYING EAST OF DEARING ROAD, SECTION 3, T3S, R2W, SPRING ARBOR TOWNSHIP, JACKSON COUNTY,

Neighborhood

  • School District Name: Western School District
  • School Tax School District: 38010
  • Census Tract: 005400

Zoning

  • Zoning: AG-1

Geography

  • Assessors Map Reference: MAPS
  • District: 15
  • Parcel: 000-12-03-126-004-04
  • Meridian: SEC 03 TWN 03S RNG 02W
  • Municipality: SPRING ARBOR TWP
  • Latitude: 42.2427
  • Longitude: -84.5367

    Address

  • Full Address: 1515 S Dearing Rd
  • Address - House Number: 1515
  • Street Direction: S
  • Address - Street Name: Dearing
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Parma
  • Carrier Code: R064
  • 4-Digit Zip Code: 9441
  • Zip Code: 49269

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $350,891
  • Tax Rate Code Area: 15

    Appraisal Valuation

  • Standard Deviation: 0.1902
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 74
  • Final Value: 414,519
  • High Value: 493,397
  • Low Value: 335,641

    Market Valuation

  • Market Total Value: $372,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $186,200

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 26, 2015
  • Current Sale Recording Date: Apr 10, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2706998
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:

$234,900

Sale Price/ft²

$145

Below Asking

0.03%

Average Days on Market

55

Average Home Size

1867 ft²

Average Home Age

74.8 years

Currently For Sale

406 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

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: ALEX C PERLOS, ERA REARDON REALTY, L.L.C.
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25025663
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 1515 South Dearing Road built and last sold?
The property at 1515 South Dearing Road was built in 2015 and last sold on Mar 26, 2015 for $96,000.
How much is this home worth?
The estimated value of the home located at 1515 South Dearing Road is $772,650.
What are some comparable homes to 1515 South Dearing Road?
There are currently no comparable homes to 1515 South Dearing Road.
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