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Jackson 49202
305 N GORHAM
$67,000
● House - Off Market

305 N GORHAM

Jackson, MI 49202
bedrooms
2 Beds
bathrooms
1 Bath
square feet
924 Ft²
$73,042
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model

About This Property

Check out this cute 2 bedroom 1 Bath 2 story home on the City's North East side. Loads of recent updates in 2021 include: New Roof, interior paint, flooring and more. Property includes 2 separate lots.  Home is accessed via an alley on Leroy. Large storage building / garage on same lot as home.  2nd lot is vacant and faces N Dwight St.
Unit Size
924 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$70
Property Type
House
Property Taxes
$106
HOA Dues
-
Year Built
1920

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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 #21096315)

Price History

Date / Event Date Event Price
Oct 15, 2021 Sold
Premium
Sold
Sep 4, 2021 No longer available -
No longer available
Aug 29, 2021 Price Decreased $64,900
↓ $5K (7.2%)
Price Decreased
Aug 5, 2021 No longer available -
No longer available
Aug 5, 2021 Listed by EXIT REALTY 1ST LLC $69,900
Listed by EXIT REALTY 1ST LLC
The manager has listed the unit size as 924 square feet.
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • 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: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 528
  • Garage Type: 7
  • Garage Square Area: 240
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,312
  • Lot Size Depth Feet: 430
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 924
  • Building Area: 924
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 924
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NORTH EASTERN ADD
  • Land Acres: 0000000099
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: E 43.4 FT OF LOTS 19 & 20 BLK 5 NORTH EASTERN ADD

Neighborhood

  • School District Name: Jackson Public Schools
  • School Tax School District: 38170
  • Census Tract: 000400

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: MAPS 8-3
  • District: 50
  • Parcel: 8-0109.1000
  • Block: 5
  • Lot: 19-20
  • Municipality: JACKSON CITY
  • Latitude: 42.257
  • Longitude: -84.379

    Address

  • Full Address: 305 N Gorham St
  • Address - House Number: 305
  • Street Direction: N
  • Address - Street Name: Gorham
  • Address - Suffix Type: St
  • State: MI
  • City Name: Jackson
  • Carrier Code: C005
  • 4-Digit Zip Code: 3615
  • Zip Code: 49202

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $112,769
  • Tax Rate Code Area: 50

    Appraisal Valuation

  • Standard Deviation: 0.1089
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 89
  • Final Value: 62,405
  • High Value: 69,202
  • Low Value: 55,608

    Market Valuation

  • Market Total Value: $59,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $29,700

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 08, 2021
  • Current Sale Recording Date: Oct 15, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2896624
  • Previous Sale Recording Date: Dec 04, 2002
  • Previous Sale Contract Date: Nov 27, 2002
  • Previous Sale Amount: $30,000
  • Previous Sale Document Type: 71
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

Unit for rent at 1511 S Martin Luther King Jr Drive, Jackson, MI, 49203

$1,400 /mo

  • 3 Beds
  • 1 Bath
  • 1,134 ft²
1511 S Martin Luther King Jr Drive, Jackson, MI, 49203 Listing by Stephanie Bosanac-Mortimer

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: EDWARD J KERLEY, EXIT REALTY 1ST LLC
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21096315
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 305 North Gorham Street built and last sold?
The property at 305 North Gorham Street was built in 1920 and last sold on Oct 8, 2021 for $67,000.
How much is this home worth?
The estimated value of the home located at 305 North Gorham Street is $0.
What are some comparable homes to 305 North Gorham Street?
There are currently no comparable homes to 305 North Gorham Street.
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