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Jackson 49203
2704 Forest Lake Drive
$206,500
● House - Off Market

2704 Forest Lake Drive

Jackson, MI 49203
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,345 Ft²
$215,765
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model

About This Property

Summit Township 3 bedroom 2 bath home.
Unit Size
1,345 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$154
Property Type
House
Property Taxes
$274
HOA Dues
-
Year Built
1959

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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 #23005814)

Price History

Date / Event Date Event Price
Feb 21, 2023 Sold
Premium
Sold
Feb 10, 2023 Listed by JOD REAL ESTATE GROUP $206,500
Listed by JOD REAL ESTATE GROUP
Jul 27, 2001 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,345
  • Garage Type: 7
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,854
  • Lot Size Depth Feet: 1,650
  • Lot Size Frontage Feet: 900
  • Total Building Area: 1,345
  • Building Area: 1,345
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,345
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FT THEREOF LAKE FORREST SUBDIVISION
  • Land Acres: 0000000341
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 2 EXC THE SLY 5 FT THEREOF LAKE FORREST SUBDIVISION

Neighborhood

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

Zoning

  • Zoning: RS2

Geography

  • Assessors Map Reference: MAPS
  • District: 17
  • Parcel: 270-13-20-401-002-00
  • Lot: 2
  • Municipality: SUMMIT TWP
  • Latitude: 42.1956
  • Longitude: -84.4477

    Address

  • Full Address: 2704 Forest Lake Dr
  • Legal Unit: 2
  • Address - House Number: 2704
  • Address - Street Name: Forest Lake
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Jackson
  • Carrier Code: C043
  • 4-Digit Zip Code: 5508
  • Zip Code: 49203

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $150,196
  • Tax Rate Code Area: 17

    Appraisal Valuation

  • Standard Deviation: 0.2568
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 63
  • Final Value: 225,114
  • High Value: 282,927
  • Low Value: 167,300

    Market Valuation

  • Market Total Value: $182,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $91,200

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 13, 2001
  • Current Sale Recording Date: Jul 27, 2001
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2201422
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

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: John M O'Dowd, JOD REAL ESTATE GROUP
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 23005814
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 2704 Forest Lake Drive built and last sold?
The property at 2704 Forest Lake Drive was built in 1959 and last sold on Jul 13, 2001 for $118,000.
How much is this home worth?
The estimated value of the home located at 2704 Forest Lake Drive is $208,208.
What are some comparable homes to 2704 Forest Lake Drive?
There are currently no comparable homes to 2704 Forest Lake Drive.
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