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Jackson 49203
2023 PARKWOOD WAY
$181,000
● House - Off Market

2023 PARKWOOD WAY

Jackson, MI 49203
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,508 Ft²
$316,651
RealtyHop Estimate
75.92%
Since Mar 1, 2016
National-US
Primary Model

About This Property

This charming, well maintained home sits in the desirable Upper Essex Heights with 3 parks and The Falling Waters trail just steps away.  The inviting open floor plan and attractive updated kitchen are an ideal space for entertaining.  You will love the character of this house with the lovely built-ins, hardwood floors and arched entry ways. Many appealing features such as first floor laundry, a beautiful enclosed porch that overlooks a quaint patio and well manicured yard and a comfortable partially finished basement.  A must see!
Unit Size
2,508 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$72
Property Type
House
Property Taxes
$249
HOA Dues
-
Year Built
1926

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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 #21059879)

Price History

Date / Event Date Event Price
Mar 12, 2020 Sold
Premium
Sold
Jan 18, 2020 Listed by JOD REAL ESTATE GROUP $279,000
Listed by JOD REAL ESTATE GROUP
Mar 8, 2019 Sold
Premium
Sold
Jan 18, 2019 Listed by JOD REAL ESTATE GROUP $235,000
Listed by JOD REAL ESTATE GROUP
Feb 17, 2016 Sold
Premium
Sold
Show More

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1926
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 832
  • Garage Type: 7
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,670
  • Lot Size Depth Feet: 1,410
  • Lot Size Frontage Feet: 510
  • Total Building Area: 2,008
  • Building Area: 2,008
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,008
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ESSEX HEIGHTSNO 4
  • Land Acres: 0000000222
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 367 ESSEX HEIGHTS NO 4

Neighborhood

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

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: MAPS 3-43
  • District: 50
  • Parcel: 3-308300000
  • Lot: 367
  • Municipality: JACKSON CITY
  • Latitude: 42.2241
  • Longitude: -84.4255

    Address

  • Full Address: 2023 Parkwood Way
  • Legal Unit: 367
  • Address - House Number: 2023
  • Address - Street Name: Parkwood
  • Address - Suffix Type: Way
  • State: MI
  • City Name: Jackson
  • Carrier Code: C020
  • 4-Digit Zip Code: 3851
  • Zip Code: 49203

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $496,643
  • Tax Rate Code Area: 50

    Appraisal Valuation

  • Standard Deviation: 0.223
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 69
  • Final Value: 319,690
  • High Value: 391,005
  • Low Value: 248,375

    Market Valuation

  • Market Total Value: $238,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $119,300

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 09, 2020
  • Current Sale Recording Date: Mar 12, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2845164
  • Previous Sale Recording Date: Mar 08, 2019
  • Previous Sale Contract Date: Mar 04, 2019
  • Previous Sale Amount: $215,000
  • 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:

$148,900

Sale Price/ft²

$113

Below Asking

0.03%

Average Days on Market

57

Average Home Size

1485 ft²

Average Home Age

98.3 years

Currently For Sale

119 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: MOLLY KENNEDY, JOD REAL ESTATE GROUP
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21059879
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 2023 Parkwood Way built and last sold?
The property at 2023 Parkwood Way was built in 1926 and last sold on Mar 9, 2020 for $279,900.
How much is this home worth?
The estimated value of the home located at 2023 Parkwood Way is $0.
What are some comparable homes to 2023 Parkwood Way?
There are currently no comparable homes to 2023 Parkwood Way.
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