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Jackson 49203
2485 Ridgeway Road
$925,000
● House - Off Market

2485 Ridgeway Road

Jackson, MI 49203
bedrooms
5 Beds
bathrooms
5 Baths, 2 Half Baths
square feet
4,867 Ft²
$1,003,466
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model

About This Property

Beautiful Summit Township retreat on just over 17 acres. Tucked in a subdivision for your convenience but gives you all the privacy and wildlife as well.  This five bedroom home has main floor en suite with shower/ spa and soaking tub. Sliders to deck off master. Open floor plan with lots of windows. Kitchen has quartz island overlooking dining and living room. Full finished basement with high ceilings. Two bedrooms in basement with daylight windows. Large family room. Upstairs has 2 bedrooms and a bonus room. Inground pool area with cabana. Outside basketball court. There is a pond for skating and lake front at the back of the property. Custon made mahogany front door with matching garage doors. This craftsman style house was built using traditional techniques and materials.
Unit Size
4,867 Ft²
Days on Market
-
Land Size
17.39 acres
Price per sqft
$203
Property Type
House
Property Taxes
$1,006
HOA Dues
-
Year Built
2016

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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 #22003363)

Price History

Date / Event Date Event Price
Apr 15, 2022 Sold
Premium
Sold
Feb 3, 2022 Listed by JOD REAL ESTATE GROUP $989,900
Listed by JOD REAL ESTATE GROUP
Feb 12, 2016 Sold
Premium
Sold
Nov 8, 2013 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 29
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 2,088
  • Garage Type: 7
  • Garage Square Area: 813
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 757,726
  • Lot Size Depth Feet: 6,640
  • Lot Size Frontage Feet: 1,650
  • Total Building Area: 3,367
  • Building Area: 3,367
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,367
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKE WOOD GLEN CONDO
  • Land Acres: 0000017395
  • Standard Land Use Code: 1004
  • County Land Use Code: 401
  • Legal Description 1: COMM AT CEN SEC 20 TH S89DEG55'10"W ALG E&W 1/4 LN 24.55 FT TO POB TH S89DEG55'10"W 704.4 FT; TH N26DEG52'04"E 1264.28 FT; TH

Neighborhood

  • School District Name: Jackson Public Schools
  • School Tax School District: 38170
  • Census Tract: 005202

Zoning

  • Zoning: AG1

Geography

  • Assessors Map Reference: MAPS
  • District: 17
  • Parcel: 000-13-20-176-005-08
  • Meridian: SEC 20 TWN 03S RNG 01W
  • Municipality: SUMMIT TWP
  • Latitude: 42.1992
  • Longitude: -84.4527

    Address

  • Full Address: 2485 Ridgeway Rd
  • Legal Unit: 1,1
  • Address - House Number: 2485
  • Address - Street Name: Ridgeway
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Jackson
  • Carrier Code: C043
  • 4-Digit Zip Code: 5150
  • Zip Code: 49203

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,054,966
  • Tax Rate Code Area: 17

    Appraisal Valuation

  • Standard Deviation: 0.1926
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 74
  • Final Value: 851,339
  • High Value: 1,015,370
  • Low Value: 687,307

    Market Valuation

  • Market Total Value: $898,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $449,300

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 10, 2016
  • Current Sale Recording Date: Feb 12, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2731331
  • Previous Sale Recording Date: Nov 08, 2013
  • Previous Sale Contract Date: Oct 30, 2013
  • Previous Sale Amount: $72,079
  • Previous Sale Document Type: 64
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

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MichRIC

Listed by: John M O'Dowd, JOD REAL ESTATE GROUP
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 22003363
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 2485 Ridgeway Road built and last sold?
The property at 2485 Ridgeway Road was built in 2016 and last sold on Feb 10, 2016 for $45,500.
How much is this home worth?
The estimated value of the home located at 2485 Ridgeway Road is $999,799.
What are some comparable homes to 2485 Ridgeway Road?
There are currently no comparable homes to 2485 Ridgeway Road.
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