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Jackson 49203
1820 SCHAFFER DR
$123,000
● House - Off Market

1820 SCHAFFER DR

Jackson, MI 49203
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,136 Ft²
$291,300
RealtyHop Estimate
115.94%
Since Dec 1, 2012
National-US
Primary Model

About This Property

Very nice 4 bedroom, 2 bath home with all the extras and upgrades.  New kitchen with top of the line cabinets, stainless steel appliances and granite countertops.  All freshly painted, hardwood floors, conveinient built ins and custom lighting throughout.  Finished storage in attic.  Walk-out basement is finished with lovely gas fireplace and a fourth bedroom with a 8x7 walk-in closet.  Home sits on a 3/4 acre, wooded park like setting, with a 700 sqft wrap around deck and patio with dry space.
Unit Size
1,136 Ft²
Days on Market
-
Land Size
0.75 acres
Price per sqft
$119
Property Type
House
Property Taxes
$210
HOA Dues
-
Year Built
1952

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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 #21067183)

Price History

Date / Event Date Event Price
Jun 1, 2020 Sold
Premium
Sold
Apr 14, 2020 Listed by HOWARD HANNA REAL ESTATE SERVI $154,900
Listed by HOWARD HANNA REAL ESTATE SERVI
Nov 21, 2012 Sold
Premium
Sold
Jul 17, 2012 Listed by HOWARD HANNA REAL ESTATE SERVI $134,900
Listed by HOWARD HANNA REAL ESTATE SERVI

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,136
  • Garage Type: 7
  • Garage Square Area: 416
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 32,888
  • Lot Size Depth Feet: 2,400
  • Lot Size Frontage Feet: 1,370
  • Total Building Area: 1,136
  • Building Area: 1,136
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,136
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HILLBROOK SUBDIVISION
  • Land Acres: 0000000755
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 8 HILLBROOK SUBDIVISION

Neighborhood

  • School District Name: Jackson Public Schools
  • School Tax School District: 38170
  • Census Tract: 005202

Zoning

  • Zoning: RS2

Geography

  • Assessors Map Reference: MAPS CITY
  • District: 17
  • Parcel: 260-13-21-129-008-00
  • Lot: 8
  • Municipality: SUMMIT TWP
  • Latitude: 42.2026
  • Longitude: -84.4333

    Address

  • Full Address: 1820 Schaffer Dr
  • Legal Unit: 8
  • Address - House Number: 1820
  • Address - Street Name: Schaffer
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Jackson
  • Carrier Code: C022
  • 4-Digit Zip Code: 5153
  • Zip Code: 49203

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $175,980
  • Tax Rate Code Area: 17

    Appraisal Valuation

  • Standard Deviation: 0.1972
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 73
  • Final Value: 224,658
  • High Value: 268,977
  • Low Value: 180,340

    Market Valuation

  • Market Total Value: $157,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $78,500

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 22, 2020
  • Current Sale Recording Date: Jun 01, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2851221
  • Previous Sale Recording Date: Nov 21, 2012
  • Previous Sale Contract Date: Nov 16, 2012
  • Previous Sale Amount: $123,000
  • Previous Sale Document Type: 71
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# 21067183
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 1820 Schaffer Drive built and last sold?
The property at 1820 Schaffer Drive was built in 1952 and last sold on May 22, 2020 for $158,000.
How much is this home worth?
The estimated value of the home located at 1820 Schaffer Drive is $0.
What are some comparable homes to 1820 Schaffer Drive?
There are currently no comparable homes to 1820 Schaffer Drive.
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