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Jackson 49201
2807 Hamstead Way
$147,000
● House - Off Market

2807 Hamstead Way

Jackson, MI 49201
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,212 Ft²
$888
Est. Monthly
18.43%
Cap Rate

About This Property

This handyman's special is the best of both worlds. Though it needs some updating and TLC, there have been many mechanical updates, including a new furnace and central air (2022), new water heater (2023), and a new bladder tank (2023). But let's not stop there. The roof was new in 2020, the septic tank and drain field were replaced in 2023, and the full bath was fully renovated down to the studs in 2021. The home has been in the same family since it was built, and is looking for someone to love it as the original owners have loved it. Come and see the incredible potential this home offers!
Unit Size
1,212 Ft²
Days on Market
-
Land Size
1.40 acres
Price per sqft
$116
Property Type
House
Property Taxes
$200
HOA Dues
-
Year Built
1938

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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: 2 years ago (MichRIC MLS #24009537)

Price History

Date / Event Date Event Price
Apr 16, 2024 Sold
Premium
Sold
Feb 28, 2024 Listed by ERA REARDON - BROOKLYN $140,000
Listed by ERA REARDON - BROOKLYN

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1938
  • Effective Year Built: 1938
  • Building Count: 1
  • Bedroom Count: 3
  • 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: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 744
  • 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: 39,988
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 2,000
  • Total Building Area: 1,212
  • Building Area: 1,212
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,212
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OF GARDEN CITY ESTATES
  • Land Acres: 0000000918
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: BEG AT NE COR OF SEC 35 TH S ALG E SEC LN .43 FT TH W 693 FT TO A PT FOR PL OF BEG OF THIS DESCN TH W 289.77 FT TO A PT OF

Neighborhood

  • School District Name: Vandercook Lake Public Schools
  • School Tax School District: 38020
  • Census Tract: 005100

Zoning

  • Zoning: RS2

Geography

  • Assessors Map Reference: MAPS
  • District: 17
  • Parcel: 000-13-26-451-043-00
  • Lot: 18-19
  • Meridian: SEC 35 TWN 03S RNG 01W
  • Municipality: SUMMIT TWP
  • Latitude: 42.1753
  • Longitude: -84.3871

    Address

  • Full Address: 2807 Hamstead Way
  • Address - House Number: 2807
  • Address - Street Name: Hamstead
  • Address - Suffix Type: Way
  • State: MI
  • City Name: Jackson
  • Carrier Code: R011
  • 4-Digit Zip Code: 8734
  • Zip Code: 49201

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $184,845
  • Tax Rate Code Area: 17

    Appraisal Valuation

  • Standard Deviation: 0.2504
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 64
  • Final Value: 177,598
  • High Value: 222,079
  • Low Value: 133,117

    Market Valuation

  • Market Total Value: $128,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $64,400
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

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MichRIC

Listed by: Alicia Dickens, ERA REARDON - BROOKLYN
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24009537
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 2807 Hamstead Way built and last sold?
The property at 2807 Hamstead Way was built in 1938 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 2807 Hamstead Way is $143,405.
What are some comparable homes to 2807 Hamstead Way?
There are currently no comparable homes to 2807 Hamstead Way.
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