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Jackson 49203
309 Griswold Street
$99,900
● House - Off Market

309 Griswold Street

Jackson, MI 49203
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,336 Ft²
$593
Est. Monthly
24.96%
Cap Rate

About This Property

Beautiful home in the city of Jackson. The home was recently remodeled with new carpet, new kitchen cabinets as well as flooring. The roof is 2 years old. This home has a driveway as well as off street parking. 3 bedrooms 1 and 1/2 bathrooms with a complete fenced in yard. Seller is offering a $2,000 credit for appliances.
Unit Size
1,336 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$75
Property Type
House
Property Taxes
$102
HOA Dues
-
Year Built
1923

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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: 2 years ago (MichRIC MLS #24044311)

Price History

Date / Event Date Event Price
Dec 12, 2024 Sold
Premium
Sold
Nov 5, 2024 In contract -
In contract
Nov 1, 2024 Relisted $99,900
Relisted
Oct 27, 2024 In contract -
In contract
Oct 17, 2024 Price Decreased $99,900
↓ $9K (8.4%)
Price Decreased
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1923
  • Effective Year Built: 1923
  • 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: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 624
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,490
  • Lot Size Depth Feet: 1,240
  • Lot Size Frontage Feet: 522
  • Total Building Area: 1,164
  • Building Area: 1,164
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,164
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PROSPECT ADD
  • Land Acres: 0000000149
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 3 BLK 3 PROSPECT ADD

Neighborhood

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

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: MAPS 4-27
  • District: 50
  • Parcel: 4-173100000
  • Block: 3
  • Lot: 3
  • Municipality: JACKSON CITY
  • Latitude: 42.2299
  • Longitude: -84.4141

    Address

  • Full Address: 309 Griswold St
  • Legal Unit: 3
  • Address - House Number: 309
  • Address - Street Name: Griswold
  • Address - Suffix Type: St
  • State: MI
  • City Name: Jackson
  • Carrier Code: C018
  • 4-Digit Zip Code: 4107
  • Zip Code: 49203

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $111,173
  • Tax Rate Code Area: 50

    Appraisal Valuation

  • Standard Deviation: 0.2514
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 64
  • Final Value: 96,363
  • High Value: 120,598
  • Low Value: 72,128

    Market Valuation

  • Market Total Value: $51,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $25,500

    Sales

  • Current Sale Contract Date: Aug 18, 2010
  • Current Sale Recording Date: Aug 20, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2571563
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

Rentals Near You

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MichRIC

Listed by: Greg Uihlein, Howard Hanna Real Estate
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24044311
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 309 Griswold Street built and last sold?
The property at 309 Griswold Street was built in 1923 and last sold on Aug 18, 2010 for $25,000.
How much is this home worth?
The estimated value of the home located at 309 Griswold Street is $0.
What are some comparable homes to 309 Griswold Street?
There are currently no comparable homes to 309 Griswold Street.
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