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Jackson 49269
1570 CHAPEL RD
$65,000
● House - Off Market

1570 CHAPEL RD

Parma, MI 49269
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,761 Ft²
$125,934
RealtyHop Estimate
67.91%
Since Feb 1, 2017
National-US
Primary Model

About This Property

Large farm house just waiting for the right person to completely redo. It needs work but could be a beautiful home.  Outside wood burner boiler is in need of repair and upper level walls and ceiling are in need of replacement. Bath in upper level has been removed but plumbing in place.  All outbuildings including silo, corn crib, stable, large barns etc are in need of repair.  Taxes and SEV are estimates as property has been split off recently so exact amounts are not available.  So much potential here and in Western Schools and on 5 acres . Must be seen to appreciate.
Unit Size
1,761 Ft²
Days on Market
-
Land Size
5.00 acres
Price per sqft
$43
Property Type
House
Property Taxes
$188
HOA Dues
-
Year Built
-

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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 #21089418)

Price History

Date / Event Date Event Price
Nov 12, 2021 Sold
Premium
Sold
Feb 1, 2017 Sold
Premium
Sold
Oct 28, 2016 Listed by HOWARD HANNA REAL ESTATE SERVI $75,000
Listed by HOWARD HANNA REAL ESTATE SERVI

Property Highlights

Building Info

Overview

    General

  • Building Count: 9
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 676
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 217,800
  • Total Building Area: 1,761
  • Building Area: 1,761
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,761
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000005000
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: COM AT THE W 1/4 POST OF SEC 4 TH N89?55'53"E 592.10 FT ALG THE E-W ? LN TH N16?54'58"E 156.75 FT PARAELLEL WITH THE CL OF

Neighborhood

  • School District Name: Western School District
  • School Tax School District: 38010
  • Census Tract: 006401

Zoning

  • Zoning: AG-1

Geography

  • Assessors Map Reference: MAPS 37-12C
  • District: 15
  • Parcel: 000-12-04-151-002-04
  • Meridian: SEC 04 TWN 03S RNG 02W
  • Municipality: SPRING ARBOR TWP
  • Latitude: 42.2416
  • Longitude: -84.5582

    Address

  • Full Address: 1570 Chapel Rd
  • Address - House Number: 1570
  • Address - Street Name: Chapel
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Parma
  • Carrier Code: R064
  • 4-Digit Zip Code: 9710
  • Zip Code: 49269

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $225,034
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 15

    Appraisal Valuation

  • Standard Deviation: 0.189
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 75
  • Final Value: 258,332
  • High Value: 307,180
  • Low Value: 209,485

    Market Valuation

  • Market Total Value: $189,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $94,600

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 11, 2021
  • Current Sale Recording Date: Nov 12, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2899056
  • Previous Sale Recording Date: Feb 01, 2017
  • Previous Sale Contract Date: Jan 30, 2017
  • Previous Sale Amount: $65,000
  • Previous Sale Document Type: 54
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: MARY ANNE RILEY-SEAMANS, HOWARD HANNA REAL ESTATE SERVI
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21089418
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 1570 Chapel Road built and last sold?
The property at 1570 Chapel Road was built in and last sold on Nov 11, 2021 for $70,000.
How much is this home worth?
The estimated value of the home located at 1570 Chapel Road is $0.
What are some comparable homes to 1570 Chapel Road?
There are currently no comparable homes to 1570 Chapel Road.
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