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Jackson 49201
228 W Wesley Street
$140,000
● House - Off Market

228 W Wesley Street

Jackson, MI 49201
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,787 Ft²
$781
Est. Monthly
17.20%
Cap Rate
Unit Size
1,787 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$78
Property Type
House
Property Taxes
$93
HOA Dues
-
Year Built
1930

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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: 2 years ago (MichRIC MLS #24062629)

Price History

Date / Event Date Event Price
Dec 9, 2024 Sold
Premium
Sold
Nov 28, 2024 Listed by ERA REARDON REALTY, L.L.C. $140,000
Listed by ERA REARDON REALTY, L.L.C.

Property Highlights

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • 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: 1,024
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,009
  • Lot Size Depth Feet: 1,402
  • Lot Size Frontage Feet: 360
  • Total Building Area: 1,787
  • Building Area: 1,787
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,787
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ORIGINAL PLAT OF THE CITY OF JACKSON
  • Land Acres: 0000000115
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: W 1/2 OF LOT 9 EX W 30 FT OF S 122 FT B3S R1W THE ORIGINAL PLAT OF THE VILLAGE OF JACKSONBURG

Neighborhood

  • School District Name: Jackson Public Schools
  • School Tax School District: 38170
  • Census Tract: 000600

Zoning

  • Zoning: R-4

Geography

  • Assessors Map Reference: MAPS 4-5
  • District: 50
  • Parcel: 4-019900000
  • Lot: 9
  • Municipality: JACKSON CITY
  • Latitude: 42.245
  • Longitude: -84.4109

    Address

  • Full Address: 228 W Wesley St
  • Legal Unit: 9
  • Address - House Number: 228
  • Street Direction: W
  • Address - Street Name: Wesley
  • Address - Suffix Type: St
  • State: MI
  • City Name: Jackson
  • Carrier Code: C026
  • 4-Digit Zip Code: 2245
  • Zip Code: 49201

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $93,256
  • Tax Rate Code Area: 50

    Appraisal Valuation

  • Standard Deviation: 0.2514
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 64
  • Final Value: 107,589
  • High Value: 134,648
  • Low Value: 80,531

    Market Valuation

  • Market Total Value: $61,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $30,700
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

Rentals Near You

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MichRIC

Listed by: ALEX C PERLOS, ERA REARDON REALTY, L.L.C.
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24062629
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 West Wesley Street built and last sold?
The property at 228 West Wesley Street was built in 1930 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 228 West Wesley Street is $144,576.
What are some comparable homes to 228 West Wesley Street?
There are currently no comparable homes to 228 West Wesley Street.
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