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Jackson 49203
302 E ADDISON
$25,000
● House - Off Market

302 E ADDISON

Jackson, MI 49203
bedrooms
2 Beds
bathrooms
1 Bath
square feet
840 Ft²
$45,323
RealtyHop Estimate
51.58%
Since Jul 1, 2018
National-US
Primary Model

About This Property

Handy person special!!! This two bedroom, one bath bungalow is a super solid home with hardwood floors throughout the home. Nice size kitchen, living room dining room combo with wood burning fireplace in the living room. Dry basement for all your storage needs. Concrete driveway, One car garage.
Unit Size
840 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$36
Property Type
House
Property Taxes
$75
HOA Dues
-
Year Built
1926

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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 #21055545)

Price History

Date / Event Date Event Price
Jun 4, 2018 Sold
Premium
Sold
Oct 19, 2017 Listed by Home 1st Real Estate $29,900
Listed by Home 1st Real Estate

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1926
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 3
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 840
  • Garage Type: 7
  • Garage Square Area: 216
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,271
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 400
  • Total Building Area: 840
  • Building Area: 840
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 840
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SOUTH GARDENS SUB
  • Land Acres: 0000000121
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 98 SOUTH GARDENS SUB DIV

Neighborhood

  • School District Name: Jackson Public Schools
  • School Tax School District: 38170
  • Census Tract: 001300

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: MAPS 5-36
  • District: 50
  • Parcel: 5-203100000
  • Lot: 98
  • Municipality: JACKSON CITY
  • Latitude: 42.2268
  • Longitude: -84.3968

    Address

  • Full Address: 302 E Addison St
  • Legal Unit: 98
  • Address - House Number: 302
  • Street Direction: E
  • Address - Street Name: Addison
  • Address - Suffix Type: St
  • State: MI
  • City Name: Jackson
  • Carrier Code: C002
  • 4-Digit Zip Code: 4306
  • Zip Code: 49203

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $101,530
  • Tax Rate Code Area: 50

    Appraisal Valuation

  • Standard Deviation: 0.2514
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 64
  • Final Value: 76,443
  • High Value: 95,668
  • Low Value: 57,217

    Market Valuation

  • Market Total Value: $46,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $23,000

    Sales

  • Current Sale Contract Date: May 02, 2018
  • Current Sale Recording Date: Jun 04, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2797868
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:

$148,900

Sale Price/ft²

$113

Below Asking

0.03%

Average Days on Market

57

Average Home Size

1484 ft²

Average Home Age

98.2 years

Currently For Sale

117 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

Currently no nearby rentals
MichRIC

Listed by: JEFF REDMAN, Home 1st Real Estate
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21055545
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 302 East Addison Street built and last sold?
The property at 302 East Addison Street was built in 1926 and last sold on May 2, 2018 for $25,000.
How much is this home worth?
The estimated value of the home located at 302 East Addison Street is $33,844.
What are some comparable homes to 302 East Addison Street?
There are currently no comparable homes to 302 East Addison Street.
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