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Jackson 49269
2542 CHAPEL RD
$145,000
● House - Off Market

2542 CHAPEL RD

Parma, MI 49269
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,900 Ft²
$252,779
RealtyHop Estimate
68.63%
Since Nov 1, 2016
National-US
Primary Model

About This Property

Newer four bedroom, two bath home in Western Schools. Surrounded by country views, this home offers privacy and quiet sunsets. Lower level was recently finished and offers two bedrooms, a family room, and is plumbed for third bath. Tons of closet space and storage areas are featured throughout the home. Great home in popular area!
Unit Size
2,900 Ft²
Days on Market
-
Land Size
0.43 acres
Price per sqft
$52
Property Type
House
Property Taxes
$140
HOA Dues
-
Year Built
-

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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 #21058246)

Price History

Date / Event Date Event Price
Oct 13, 2016 Sold
Premium
Sold
Aug 17, 2016 Listed by PRODUCTION REALTY $149,900
Listed by PRODUCTION REALTY

Property Highlights

Garage

Building Info

Overview

    General

  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 8
  • 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: 1,056
  • Garage Type: 7
  • Garage Square Area: 469
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,731
  • Total Building Area: 1,071
  • Building Area: 1,071
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,071
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000430
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: BEG AT THE E1/4 POST OF SE1/4 OF SEC 8 TH S00DEG27'00"E88.65 FT TO POB TH S0DEG27'0'E 120.00 FT TH N89DEG02'32"W 158.00 FT TH

Neighborhood

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

Zoning

  • Zoning: RS-2

Geography

  • Assessors Map Reference: MAPS
  • District: 15
  • Parcel: 000-12-08-276-002-04
  • Meridian: SEC 08 TWN 02S RNG 02W
  • Municipality: SPRING ARBOR TWP
  • Latitude: 42.2253
  • Longitude: -84.5613

    Address

  • Full Address: 2542 Chapel Rd
  • Address - House Number: 2542
  • Address - Street Name: Chapel
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Parma
  • Carrier Code: R063
  • 4-Digit Zip Code: 9704
  • Zip Code: 49269

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $135,027
  • Tax Rate Code Area: 15

    Appraisal Valuation

  • Standard Deviation: 0.1933
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 74
  • Final Value: 242,508
  • High Value: 289,390
  • Low Value: 195,627

    Market Valuation

  • Market Total Value: $159,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $79,900

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 07, 2016
  • Current Sale Recording Date: Oct 13, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2751753
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: AMY E GILPIN, PRODUCTION REALTY
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21058246
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 2542 Chapel Road built and last sold?
The property at 2542 Chapel Road was built in and last sold on Oct 7, 2016 for $145,000.
How much is this home worth?
The estimated value of the home located at 2542 Chapel Road is $163,799.
What are some comparable homes to 2542 Chapel Road?
There are currently no comparable homes to 2542 Chapel Road.
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