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Jackson 49201
182 OLCOTT LAKE RD
$270,000
● House - Off Market

182 OLCOTT LAKE RD

Jackson, MI 49201
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,392 Ft²
$639,174
RealtyHop Estimate
68.25%
Since Jan 1, 2017
National-US
Primary Model

About This Property

Beautiful Lake Front Home re-built in 2011 from the foundation up. Great open floor plan for entertaining. Bedrooms 1,2, & 3 are master suites, measurements include bedroom, bath and walk in closets. Large walk in shower in main master bath. Awesome kitchen with granite countertops, large peninsula with seating! Serving area, stainless steel appliances with refrigerator, large walk-in pantry and much more. Great outside entertaining area 48x16 lakeside deck, natural gas line for grill, firepit, sandy beach front area. Walk-up attic in garage for storage. Fantastic location, close to channel to Wolf Lake, connects to 9 Lakes.
Unit Size
2,392 Ft²
Days on Market
-
Land Size
0.73 acres
Price per sqft
$159
Property Type
House
Property Taxes
$508
HOA Dues
-
Year Built
1967

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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 #21058355)

Price History

Date / Event Date Event Price
Dec 19, 2016 Sold
Premium
Sold
Aug 5, 2016 Listed by ERA REARDON REALTY, L.L.C. $379,900
Listed by ERA REARDON REALTY, L.L.C.

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Building Count: 2
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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: 100
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 984
  • Garage Type: 7
  • Garage Square Area: 720
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 32,017
  • Lot Size Depth Feet: 3,200
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,920
  • Gross Building Area: 1,920
  • Building Area: 1,920
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,920
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: AND WATSONS WEST SUBDIVISION
  • Land Acres: 0000000735
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 12 & 13 ASSESSOR'S PLAT OF WATSON PARK WITH ADDITIONS IN SECTION 24 AND WATSON'S WEST SUBDIVISION IN SECTIONS 23 AND 26

Neighborhood

  • School District Name: Napoleon Community Schools
  • School Tax School District: 38130
  • Census Tract: 006202

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: MAPS SEWER #2
  • District: 09
  • Parcel: 051-14-24-351-005-01
  • Lot: 12-13
  • Municipality: NAPOLEON TWP
  • Latitude: 42.1926
  • Longitude: -84.2657

    Address

  • Full Address: 182 Olcott Lake Dr
  • Address - House Number: 182
  • Address - Street Name: Olcott Lake
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Jackson
  • Carrier Code: R013
  • 4-Digit Zip Code: 8582
  • Zip Code: 49201

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $357,296
  • Tax Rate Code Area: 9

    Appraisal Valuation

  • Standard Deviation: 0.1841
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 75
  • Final Value: 486,546
  • High Value: 576,134
  • Low Value: 396,958

    Market Valuation

  • Market Total Value: $491,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $245,800

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 12, 2016
  • Current Sale Recording Date: Dec 19, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2756473
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

Rentals Near You

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MichRIC

Listed by: RICK J REARDON, ERA REARDON REALTY, L.L.C.
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21058355
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 182 Olcott Lake built and last sold?
The property at 182 Olcott Lake was built in 1967 and last sold on Dec 12, 2016 for $270,000.
How much is this home worth?
The estimated value of the home located at 182 Olcott Lake is $372,984.
What are some comparable homes to 182 Olcott Lake?
There are currently no comparable homes to 182 Olcott Lake.
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