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Jackson 49269
2521 S PARMA RD
$85,100
● House - Off Market

2521 S PARMA RD

Parma, MI 49269
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,844 Ft²
$168,036
RealtyHop Estimate
86.91%
Since Jun 1, 2014
National-US
Primary Model

About This Property

Highest and best have been submitted to seller Large ranch-styled home located in Western school district. 3 bedrooms, 1.5 baths, large family room, 2.5 car detached garage and full basement with egress windows
Unit Size
1,844 Ft²
Days on Market
-
Land Size
1.02 acres
Price per sqft
$49
Property Type
House
Property Taxes
$161
HOA Dues
-
Year Built
1969

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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 #21075411)

Price History

Date / Event Date Event Price
Feb 19, 2021 Sold
Premium
Sold
Dec 4, 2020 Listed by HOWARD HANNA REAL ESTATE SERVI $199,900
Listed by HOWARD HANNA REAL ESTATE SERVI
Jun 4, 2014 Sold
Premium
Sold
May 6, 2014 Listed by HOWARD HANNA REAL ESTATE SERVI $89,900
Listed by HOWARD HANNA REAL ESTATE SERVI

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • 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: 1,232
  • Garage Type: 7
  • Garage Square Area: 1,056
  • Parking Space Count: 4
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 44,257
  • Lot Size Depth Feet: 2,170
  • Lot Size Frontage Feet: 2,040
  • Total Building Area: 1,856
  • Building Area: 1,856
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,856
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LOR ER LEN
  • Land Acres: 0000001016
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOTS 7 AND 8 LOR-ER-LEN

Neighborhood

  • School District Name: Western School District
  • School Tax School District: 38010
  • Census Tract: 006401

Zoning

  • Zoning: RS-1

Geography

  • Assessors Map Reference: MAPS 0
  • District: 15
  • Parcel: 145-12-07-301-006-00
  • Lot: 7-8
  • Municipality: SPRING ARBOR TWP
  • Latitude: 42.2234
  • Longitude: -84.5979

    Address

  • Full Address: 2521 S Parma Rd
  • Address - House Number: 2521
  • Street Direction: S
  • Address - Street Name: Parma
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Parma
  • Carrier Code: R063
  • 4-Digit Zip Code: 9509
  • Zip Code: 49269

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $258,015
  • Tax Rate Code Area: 15

    Appraisal Valuation

  • Standard Deviation: 0.1933
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 74
  • Final Value: 268,506
  • High Value: 320,414
  • Low Value: 216,599

    Market Valuation

  • Market Total Value: $222,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $111,200

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 11, 2021
  • Current Sale Recording Date: Feb 19, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2873303
  • Previous Sale Recording Date: Jun 04, 2014
  • Previous Sale Contract Date: May 16, 2014
  • Previous Sale Amount: $85,100
  • Previous Sale Document Type: 27
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: MARY L LYONS, HOWARD HANNA REAL ESTATE SERVI
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21075411
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 2521 South Parma Road built and last sold?
The property at 2521 South Parma Road was built in 1969 and last sold on Feb 11, 2021 for $189,000.
How much is this home worth?
The estimated value of the home located at 2521 South Parma Road is $206,477.
What are some comparable homes to 2521 South Parma Road?
There are currently no comparable homes to 2521 South Parma Road.
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