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Jackson 49203
1865 SCHAFFER DR
$93,496
● House - Off Market

1865 SCHAFFER DR

Jackson, MI 49203
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,289 Ft²
$159,550
RealtyHop Estimate
77.48%
Since Oct 1, 2015
National-US
Primary Model

About This Property

SUMMIT TWSP RANCH HOME - Lovingly cared for 2-3 Bedroom Ranch home on a large corner lot. This well built home features a beautiful Living Room & Formal Dining area w/cove ceilings & built in china cabinet, 2 Bedrooms plus a Den, a 16x14 heated Sun Room which overlooks the shaded backyard, a full basement w/daylight windows, & an attached 2 car garage. Hardwood floors under carpeting throughout. Charming kitchen includes appliances. Washer & Dryer also included. Updated furnace & central air. A beautiful, spacious ranch home conveniently located near shopping, restaurants and the Jackson Country Club.
Unit Size
1,289 Ft²
Days on Market
-
Land Size
0.40 acres
Price per sqft
$70
Property Type
House
Property Taxes
$110
HOA Dues
-
Year Built
1956

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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 #21061157)

Price History

Date / Event Date Event Price
Oct 21, 2019 Sold
Premium
Sold
Jun 28, 2019 Listed by Key Realty One $124,900
Listed by Key Realty One
Sep 8, 2015 Sold
Premium
Sold
Jul 10, 2015 Listed by Key Realty One $89,900
Listed by Key Realty One

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Bedroom Count: 2
  • 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: 1,064
  • Garage Type: 7
  • Garage Square Area: 484
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,555
  • Lot Size Depth Feet: 1,330
  • Lot Size Frontage Feet: 1,320
  • Total Building Area: 1,064
  • Building Area: 1,064
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,064
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HILLBROOK SUBDIVISION
  • Land Acres: 0000000403
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 2 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: 260-13-21-128-002-00
  • Lot: 2
  • Municipality: SUMMIT TWP
  • Latitude: 42.2026
  • Longitude: -84.4352

    Address

  • Full Address: 1865 Schaffer Dr
  • Legal Unit: 2
  • Address - House Number: 1865
  • Address - Street Name: Schaffer
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Jackson
  • Carrier Code: C022
  • 4-Digit Zip Code: 5152
  • Zip Code: 49203

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $152,095
  • Tax Rate Code Area: 17

    Appraisal Valuation

  • Standard Deviation: 0.2417
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 66
  • Final Value: 186,728
  • High Value: 231,862
  • Low Value: 141,595

    Market Valuation

  • Market Total Value: $143,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $71,600

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 15, 2019
  • Current Sale Recording Date: Oct 21, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2834313
  • Previous Sale Recording Date: Sep 08, 2015
  • Previous Sale Contract Date: Aug 25, 2015
  • Previous Sale Amount: $93,496
  • Previous Sale Document Type: 27
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: SHARON A. HARRIS, Key Realty One
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21061157
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 1865 Schaffer Drive built and last sold?
The property at 1865 Schaffer Drive was built in 1956 and last sold on Oct 15, 2019 for $115,000.
How much is this home worth?
The estimated value of the home located at 1865 Schaffer Drive is $0.
What are some comparable homes to 1865 Schaffer Drive?
There are currently no comparable homes to 1865 Schaffer Drive.
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