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Jackson 49203
2501 Gilman Place
$140,000
● House - Off Market

2501 Gilman Place

Jackson, MI 49203
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,064 Ft²
$792
Est. Monthly
9.46%
Cap Rate

About This Property

Nice ranch home in Summit township ready  to move into. Freshly painted inside and out new carpet in the living room and one bedroom.  Newer stainless appliances, natural gas stove, detached garage and a  deck on the rear of the home.  This cute  home offers main floor laundry and a very large primary bedroom.  Close to Ella Sharp park  and not far from shopping and restaurants. All offers due by 5pm on 6/22/24
Unit Size
1,064 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$129
Property Type
House
Property Taxes
$116
HOA Dues
-
Year Built
1975

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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: 3 years ago (MichRIC MLS #24031237)

Price History

Date / Event Date Event Price
Jul 19, 2024 Sold
Premium
Sold
Jun 25, 2024 In contract -
In contract
Jun 19, 2024 Listed by SPROAT REALTY PROFESSIONALS $137,500
Listed by SPROAT REALTY PROFESSIONALS
Jul 18, 2018 Sold
Premium
Sold
May 29, 2018 Listed by SPROAT REALTY PROFESSIONALS $64,900
Listed by SPROAT REALTY PROFESSIONALS

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Building Count: 1
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 816
  • Garage Type: 7
  • Garage Square Area: 360
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,712
  • Lot Size Depth Feet: 1,090
  • Lot Size Frontage Feet: 800
  • Total Building Area: 840
  • Building Area: 840
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 840
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SOUTHLAND
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOTS 221 AND 222 SOUTHLANDS

Neighborhood

  • School District Name: Jackson Public Schools
  • School Tax School District: 38170
  • Census Tract: 005000

Zoning

  • Zoning: RU1

Geography

  • Assessors Map Reference: MAPS LABEL CITY
  • District: 17
  • Parcel: 485-13-10-478-181-00
  • Lot: 221-222
  • Municipality: SUMMIT TWP
  • Latitude: 42.222
  • Longitude: -84.4054

    Address

  • Full Address: 2501 Gilman Pl
  • Address - House Number: 2501
  • Address - Street Name: Gilman
  • Address - Suffix Type: Pl
  • State: MI
  • City Name: Jackson
  • Carrier Code: C030
  • 4-Digit Zip Code: 4532
  • Zip Code: 49203

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $90,251
  • Tax Rate Code Area: 17

    Appraisal Valuation

  • Standard Deviation: 0.233
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 67
  • Final Value: 123,481
  • High Value: 152,258
  • Low Value: 94,704

    Market Valuation

  • Market Total Value: $88,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $44,400

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 13, 2018
  • Current Sale Recording Date: Jul 18, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2801533
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

Unit for rent at 1024 S Brown St, MI, 48203

$950 /mo

  • 1 Bed
  • 1 Bath
1024 S Brown St, MI, 48203 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: MARY A SHEAN, SPROAT REALTY PROFESSIONALS
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24031237
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 2501 Gilman Place built and last sold?
The property at 2501 Gilman Place was built in 1975 and last sold on Jul 13, 2018 for $65,000.
How much is this home worth?
The estimated value of the home located at 2501 Gilman Place is $0.
What are some comparable homes to 2501 Gilman Place?
There are currently no comparable homes to 2501 Gilman Place.
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