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Michigan Center 49254
228 Ballard Road
$219,000
● House - Off Market

228 Ballard Road

Jackson, MI 49201
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,395 Ft²
$1,289
Est. Monthly
11.71%
Cap Rate

About This Property

Back On the market, The well has been inspected and passed , the septic  was just pumped and passed inspection. The home is move in ready The water test has been done . These inspection's have been done and completed Buyers these inspection have been done ad passed . Buyers would not have to have these pay to have these inspections completed
Unit Size
1,395 Ft²
Days on Market
111 days
Land Size
3.39 acres
Price per sqft
$157
Property Type
House
Property Taxes
$214
HOA Dues
-
Year Built
1940

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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: 10 months ago (MichRIC MLS #24025043)

Price History

Date / Event Date Event Price
Jan 21, 2025 Sold
Premium
Sold
Oct 14, 2024 In contract -
In contract
Sep 18, 2024 No longer available -
No longer available
Sep 5, 2024 Price Decreased $219,000
↓ $20K (8.4%)
Price Decreased
Jul 24, 2024 Price Decreased $239,000
↓ $10K (4%)
Price Decreased
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 930
  • Garage Type: 7
  • Garage Square Area: 280
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 147,668
  • Total Building Area: 930
  • Building Area: 930
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 930
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000003390
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: BEG AT NE COR OF SEC 4 TH W ALG N SEC LN 1535.8 FT TO CEN OF BALLARD RD TH S ALG CEN OF SD RD 897.34 FT TO A PT WHICH IS THE

Neighborhood

  • School District Name: Michigan Center School District
  • School Tax School District: 38120
  • Census Tract: 006101

Zoning

  • Zoning: RS SUBU

Geography

  • Assessors Map Reference: MAPS
  • District: 07
  • Parcel: 000-14-04-201-005-00
  • Meridian: SEC 04 TWN 03S RNG 01E
  • Municipality: LEONI TWP
  • Latitude: 42.2454
  • Longitude: -84.3142

    Address

  • Full Address: 228 Ballard Rd
  • Address - House Number: 228
  • Address - Street Name: Ballard
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Jackson
  • Carrier Code: R014
  • 4-Digit Zip Code: 8416
  • Zip Code: 49201

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $142,992
  • Tax Rate Code Area: 7

    Appraisal Valuation

  • Standard Deviation: 0.1902
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 74
  • Final Value: 195,211
  • High Value: 232,358
  • Low Value: 158,064

    Market Valuation

  • Market Total Value: $151,874

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $75,937
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 Michigan Center

Stats & Trends

Median Asking:

$235,000

Sale Price/ft²

$170

Below Asking

0.02%

Average Days on Market

48

Average Home Size

1550 ft²

Average Home Age

94.6 years

Currently For Sale

11 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: CHARLES TOBIAS, EXIT REALTY 1ST LLC
Last Updated: 10 months ago
Data Source: MichRIC, MLS# 24025043
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 228 Ballard Road built and last sold?
The property at 228 Ballard Road was built in 1940 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 228 Ballard Road is $0.
What are some comparable homes to 228 Ballard Road?
There are currently no comparable homes to 228 Ballard Road.
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