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Jackson 49203
2398 WALLACE DR
$85,000
● House - Off Market

2398 WALLACE DR

Jackson, MI 49203
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,632 Ft²
$158,526
RealtyHop Estimate
68.82%
Since Oct 1, 2016
National-US
Primary Model

About This Property

A bit of sweat equity could turn into true equity pretty quickly with this incredibly spacious home. All the amenities one could ask for just needing some TLC. This house is an opportunity that wont last long! Great neighborhood with Cascades golf course just behind your fenced-in back yard. Priced well under assessed value!
Unit Size
2,632 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$36
Property Type
House
Property Taxes
$248
HOA Dues
-
Year Built
1953

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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 #21058432)

Price History

Date / Event Date Event Price
Sep 20, 2016 Sold
Premium
Sold
Aug 12, 2016 Listed by JOD REAL ESTATE GROUP $93,900
Listed by JOD REAL ESTATE GROUP

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 150
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 575
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,244
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 950
  • Total Building Area: 2,632
  • Building Area: 2,632
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,632
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CASCADE VISTA SUBDIVISION
  • Land Acres: 0000000327
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 31 CASCADE VISTA

Neighborhood

  • School District Name: Jackson Public Schools
  • School Tax School District: 38170
  • Census Tract: 005302

Zoning

  • Zoning: RS2

Geography

  • Assessors Map Reference: MAPS CITY
  • District: 17
  • Parcel: 140-13-09-355-033-00
  • Lot: 31
  • Municipality: SUMMIT TWP
  • Latitude: 42.2216
  • Longitude: -84.4394

    Address

  • Full Address: 2398 Wallace Dr
  • Legal Unit: 31
  • Address - House Number: 2398
  • Address - Street Name: Wallace
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Jackson
  • Carrier Code: C006
  • 4-Digit Zip Code: 3751
  • Zip Code: 49203

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $200,745
  • Tax Rate Code Area: 17

    Appraisal Valuation

  • Standard Deviation: 0.2659
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 62
  • Final Value: 251,831
  • High Value: 318,812
  • Low Value: 184,849

    Market Valuation

  • Market Total Value: $204,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $102,300

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 01, 2016
  • Current Sale Recording Date: Sep 20, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2749991
  • Previous Sale Recording Date: Sep 20, 2016
  • Previous Sale Contract Date: Sep 02, 2016
  • Previous Sale Amount: $140,000
  • Previous Sale Document Type: 40
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

Rentals Near You

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MichRIC

Listed by: John M O'Dowd, JOD REAL ESTATE GROUP
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21058432
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 2398 Wallace Drive built and last sold?
The property at 2398 Wallace Drive was built in 1953 and last sold on Sep 1, 2016 for $85,000.
How much is this home worth?
The estimated value of the home located at 2398 Wallace Drive is $112,334.
What are some comparable homes to 2398 Wallace Drive?
There are currently no comparable homes to 2398 Wallace Drive.
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