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Jackson 49203
2005 1st Street
$219,000
● House - Off Market

2005 1st Street

Jackson, MI 49203
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,332 Ft²
$1,441
Est. Monthly
3.89%
Cap Rate

About This Property

Charming 2-bed, 1-bath home nestled on a sprawling 1.8-acre lot, backing up to beautiful Ella Sharp Park in Jackson, MI. With 1,332 sq ft of living space, this home offers cozy comfort and stunning outdoor surroundings. Enjoy over 1,200 sq ft of deck and patio space, perfect for entertaining or relaxing in nature. A standout feature is the massive 2,933 sq ft insulated, heated garage, ideal for projects, storage, or hobbies. This rare find combines city convenience with the tranquility of nearly two acres of land, making it the perfect retreat for nature lovers or outdoor enthusiasts. Don't miss it!
Unit Size
1,332 Ft²
Days on Market
191 days
Land Size
1.80 acres
Price per sqft
$164
Property Type
House
Property Taxes
$365
HOA Dues
-
Year Built
1925

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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: 9 months ago (MichRIC MLS #24046392)

Price History

Date / Event Date Event Price
Mar 14, 2025 Sold
Premium
Sold
Feb 12, 2025 In contract -
In contract
Jan 24, 2025 Price Decreased $219,000
↓ $6K (2.7%)
Price Decreased
Nov 20, 2024 Price Decreased $225,000
↓ $7K (3.2%)
Price Decreased
Oct 18, 2024 Price Decreased $232,400
↓ $6K (2.3%)
Price Decreased
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • 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: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,008
  • Garage Type: 7
  • Garage Square Area: 2,933
  • Parking Space Count: 10
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 78,408
  • Lot Size Depth Feet: 2,970
  • Lot Size Frontage Feet: 2,640
  • Total Building Area: 1,332
  • Building Area: 1,332
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,332
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COLFAX ADD
  • Land Acres: 0000001800
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: S 66 FT OF LOT 1 & ALL OF LOTS 2, 3, & 4 BLK 7 COLFAX ADD

Neighborhood

  • School District Name: Jackson Public Schools
  • School Tax School District: 38170
  • Census Tract: 000800

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: MAPS
  • District: 50
  • Parcel: 3-320800000
  • Block: 7
  • Lot: 1-4
  • Municipality: JACKSON CITY
  • Latitude: 42.225
  • Longitude: -84.4142

    Address

  • Full Address: 2005 1st St
  • Legal Unit: 1,2
  • Address - House Number: 2005
  • Address - Street Name: 1st
  • Address - Suffix Type: St
  • State: MI
  • City Name: Jackson
  • Carrier Code: C020
  • 4-Digit Zip Code: 4510
  • Zip Code: 49203

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $358,061
  • Tax Rate Code Area: 50

    Appraisal Valuation

  • Standard Deviation: 0.1972
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 73
  • Final Value: 258,342
  • High Value: 309,305
  • Low Value: 207,379

    Market Valuation

  • Market Total Value: $213,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $106,900

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 04, 2020
  • Current Sale Recording Date: Dec 09, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2867103
  • Previous Sale Recording Date: Sep 07, 2017
  • Previous Sale Contract Date: Aug 31, 2017
  • Previous Sale Amount: $72,500
  • 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:

$148,900

Sale Price/ft²

$113

Below Asking

0.03%

Average Days on Market

57

Average Home Size

1484 ft²

Average Home Age

98.2 years

Currently For Sale

117 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: Michael J Delmont, Keller Williams Kalamazoo Market Center
Last Updated: 9 months ago
Data Source: MichRIC, MLS# 24046392
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 2005 1st Street built and last sold?
The property at 2005 1st Street was built in 1925 and last sold on Dec 4, 2020 for $185,000.
How much is this home worth?
The estimated value of the home located at 2005 1st Street is $0.
What are some comparable homes to 2005 1st Street?
There are currently no comparable homes to 2005 1st Street.
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