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Jackson 49203
1524 Strathmoor Lane
$207,000
● House - Off Market

1524 Strathmoor Lane

Jackson, MI 49203
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,371 Ft²
$1,180
Est. Monthly
8.60%
Cap Rate

About This Property

Charming move-in-ready 3BR/1.5 BA home conveniently located in a quiet tucked away neighborhood. Main level primary bedroom featuring half bath. 2 large bedrooms upstairs. Updated kitchen, dining room and spacious living room with gas fireplace. Beautiful hardwood floors throughout the home. New furnace, hot water heater, kitchen appliances, freshly painted interior, windows, siding, gutters, garage door, light fixtures, and more. Clean usable basement to convert into additional living space.  2 car detached garage and fenced in backyard. The location of this home has it all! Walk to Kibby Cobb for a bite to eat or Iron Bark for a drink. Walking distance to the Falling Waters Trail and Cascades Park.
Unit Size
1,371 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$152
Property Type
House
Property Taxes
$159
HOA Dues
-
Year Built
1952

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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: 3 years ago (MichRIC MLS #24021272)

Price History

Date / Event Date Event Price
Jun 7, 2024 Sold
Premium
Sold
May 2, 2024 Listed by ERA REARDON REALTY, L.L.C. $208,000
Listed by ERA REARDON REALTY, L.L.C.
Jul 7, 2003 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 914
  • Garage Type: 7
  • Garage Square Area: 462
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,327
  • Lot Size Depth Feet: 1,370
  • Lot Size Frontage Feet: 900
  • Total Building Area: 1,371
  • Building Area: 1,371
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,371
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HEATHER DOWNS
  • Land Acres: 0000000283
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 30 HEATHER DOWNS

Neighborhood

  • School District Name: Jackson Public Schools
  • School Tax School District: 38170
  • Census Tract: 005302

Zoning

  • Zoning: RS2

Geography

  • Assessors Map Reference: MAPS CITY
  • District: 17
  • Parcel: 250-13-16-127-031-00
  • Lot: 30
  • Municipality: SUMMIT TWP
  • Latitude: 42.217
  • Longitude: -84.4372

    Address

  • Full Address: 1524 Strathmoor Ln
  • Legal Unit: 30
  • Address - House Number: 1524
  • Address - Street Name: Strathmoor
  • Address - Suffix Type: Ln
  • State: MI
  • City Name: Jackson
  • Carrier Code: C006
  • 4-Digit Zip Code: 4942
  • Zip Code: 49203

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $123,323
  • Tax Rate Code Area: 17

    Appraisal Valuation

  • Standard Deviation: 0.2514
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 64
  • Final Value: 189,556
  • High Value: 237,228
  • Low Value: 141,883

    Market Valuation

  • Market Total Value: $129,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $64,800

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 27, 2003
  • Current Sale Recording Date: Jul 07, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2305236
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

Unit for rent at 1024 S Brown St, MI, 48203

$950 /mo

  • 1 Bed
  • 1 Bath
1024 S Brown St, MI, 48203 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Julie Hackworth, ERA REARDON REALTY, L.L.C.
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24021272
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 1524 Strathmoor Lane built and last sold?
The property at 1524 Strathmoor Lane was built in 1952 and last sold on Jun 27, 2003 for $120,000.
How much is this home worth?
The estimated value of the home located at 1524 Strathmoor Lane is $0.
What are some comparable homes to 1524 Strathmoor Lane?
There are currently no comparable homes to 1524 Strathmoor Lane.
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