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Jackson 49202
2505 Loraine Street
$199,900
● House - Off Market

2505 Loraine Street

Jackson, MI 49202
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,680 Ft²
$1,167
Est. Monthly
15.70%
Cap Rate

About This Property

H&B Due Friday 4/19 @5PM* Sprawling ranch ready for new homeowners! Loaded with everything you've been waiting for featuring over 1680 sq ft of main floor living, 4 bedrooms, 2 full baths upstairs with a non-conforming bedroom in the basement, finished basement with a sweet vintage dry bar, HARD WOOD FLOORS UNDER CARPET UPSTAIRS! Furnace new in 2021, double lot with access to the property from Loraine St and Denecourt Ave, large back yard for entertaining, four seasons room off the kitchen/laundry room, main floor laundry that can easily be moved back down to basement if needed, the list goes on. Don't miss out, schedule your showing today!
Unit Size
2,680 Ft²
Days on Market
-
Land Size
0.39 acres
Price per sqft
$75
Property Type
House
Property Taxes
$185
HOA Dues
-
Year Built
1955

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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 #24017826)

Price History

Date / Event Date Event Price
May 28, 2024 Sold
Premium
Sold
Apr 16, 2024 Listed by C-21 Affiliated - Jackson $199,900
Listed by C-21 Affiliated - Jackson

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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 Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,280
  • Garage Type: 7
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,163
  • Lot Size Depth Feet: 2,705
  • Total Building Area: 1,280
  • Building Area: 1,280
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,280
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HACKETT PARK SUBDIVISION
  • Land Acres: 0000000394
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: W 1/2 OF LOTS 318 AND 319. ALSO ENTIRE LOT 320. ALSO ENTIRE VACATED ALLEY ADJOINING SD LOTS ON THE WEST HACKETT PARK

Neighborhood

  • School District Name: Jackson Public Schools
  • School Tax School District: 38170
  • Census Tract: 005502

Zoning

  • Zoning: RU-1

Geography

  • Assessors Map Reference: MAPS
  • District: 01
  • Parcel: 000-08-32-236-011-01
  • Lot: 318-320
  • Municipality: BLACKMAN TWP
  • Latitude: 42.2565
  • Longitude: -84.4446

    Address

  • Full Address: 2505 Loraine St
  • Address - House Number: 2505
  • Address - Street Name: Loraine
  • Address - Suffix Type: St
  • State: MI
  • City Name: Jackson
  • Carrier Code: C010
  • 4-Digit Zip Code: 2923
  • Zip Code: 49202

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $137,886
  • Tax Rate Code Area: 1

    Appraisal Valuation

  • Standard Deviation: 0.2514
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 64
  • Final Value: 206,126
  • High Value: 257,966
  • Low Value: 154,286

    Market Valuation

  • Market Total Value: $177,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $88,900

    Exemptions

  • Homeowner Exemption: Yes
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 765 Douglas Street, Jackson, MI, 49203

$1,250 /mo

  • 2 Beds
  • 1 Bath
  • 850 ft²
765 Douglas Street, Jackson, MI, 49203 Listing by DEBBIE CROWNOVER
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: Logan Everett, C-21 Affiliated - Jackson
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24017826
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 2505 Loraine Street built and last sold?
The property at 2505 Loraine Street was built in 1955 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 2505 Loraine Street is $210,625.
What are some comparable homes to 2505 Loraine Street?
There are currently no comparable homes to 2505 Loraine Street.
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