For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Jackson 49203
324 Lockwood Street
$198,000
● House - Off Market

324 Lockwood Street

Jackson, MI 49203
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,440 Ft²
$1,093
Est. Monthly
5.29%
Cap Rate

About This Property

Charming brick ranch with numerous updates throughout! This home features beautiful hardwood floors, a cozy living room with a fireplace, and an updated full bath. Enjoy peace of mind with brand-new windows and a security system. The kitchen shines with stainless steel appliances and granite countertops. The spacious primary bedroom offers double closets, while the full basement provides additional living space, including a non-conforming 3rd bedroom. Enjoy the convenience of an attached 1.5-car garage and step outside to a lovely, park-like fenced backyard with a patio-perfect for relaxing or entertaining. Don't miss this move-in-ready gem!
Unit Size
1,440 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$128
Property Type
House
Property Taxes
$184
HOA Dues
-
Year Built
1953

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #25002607)

Price History

Date / Event Date Event Price
Feb 24, 2025 Sold
Premium
Sold
Jan 27, 2025 In contract -
In contract
Jan 22, 2025 Listed by RE/MAX MID-MICHIGAN R.E. $185,000
Listed by RE/MAX MID-MICHIGAN R.E.
Aug 25, 1997 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 924
  • Garage Type: 7
  • Garage Square Area: 396
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,329
  • Lot Size Depth Feet: 1,333
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 924
  • Building Area: 924
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • 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: WOODLAWN ORCHARDS
  • Land Acres: 0000000306
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: THE N 100 FT OF LOTS 16 & 17 BLOCK 2 WOODLAWN ORCHARDS SEC 31 T2S R1E

Neighborhood

  • School District Name: East Jackson Community Schools
  • School Tax School District: 38090
  • Census Tract: 006001

Zoning

  • Zoning: R-1 ONE

Geography

  • Assessors Map Reference: MAPS
  • District: 07
  • Parcel: 000-09-31-303-018-00
  • Block: 2
  • Lot: 16-17
  • Meridian: SEC 31 TWN 02S RNG 01E
  • Municipality: LEONI TWP
  • Latitude: 42.2519
  • Longitude: -84.3627

    Address

  • Full Address: 324 Lockwood St
  • Address - House Number: 324
  • Address - Street Name: Lockwood
  • Address - Suffix Type: St
  • State: MI
  • City Name: Jackson
  • Carrier Code: C001
  • 4-Digit Zip Code: 2227
  • Zip Code: 49203

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $149,823
  • Tax Rate Code Area: 7

    Appraisal Valuation

  • Standard Deviation: 0.1844
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 75
  • Final Value: 184,269
  • High Value: 218,250
  • Low Value: 150,287

    Market Valuation

  • Market Total Value: $125,966

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $62,983

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 25, 1997
  • Current Sale Recording Date: Aug 25, 1997
  • Current Sale Price:
    Premium
  • Current 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:

$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: KIRSTEN N KNUEPPEL-MOGLE, RE/MAX MID-MICHIGAN R.E.
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25002607
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 324 Lockwood Street built and last sold?
The property at 324 Lockwood Street was built in 1953 and last sold on Aug 25, 1997 for $68,000.
How much is this home worth?
The estimated value of the home located at 324 Lockwood Street is $188,690.
What are some comparable homes to 324 Lockwood Street?
There are currently no comparable homes to 324 Lockwood Street.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Leoni Homes for Sale
Leoni Houses for Sale
Leoni Condos for Sale
Leoni Multifamily for Sale
Leoni Land for Sale
Leoni Commercial for Sale
Leoni Homes with Basements
Leoni Homes with Pools
Nearby Cities
Jackson Homes for Sale
Michigan Center Homes for Sale
Vandercook Lake Homes for Sale
Brooklyn Homes for Sale
Grass Lake Homes for Sale
Vineyard Lake Homes for Sale
Leslie Homes for Sale
Stockbridge Homes for Sale
Nearby Property Records
Jackson County, MI Property Records
Washtenaw County, MI Property Records
Ingham County, MI Property Records
Hillsdale County, MI Property Records
Eaton County, MI Property Records
Lenawee County, MI Property Records
Livingston County, MI Property Records
Calhoun County, MI Property Records
Nearby Counties
Jackson Homes for Sale
Summit Homes for Sale
Blackman Homes for Sale
Columbia Homes for Sale
Napoleon Homes for Sale
Grass Lake Homes for Sale
Henrietta Homes for Sale
Liberty Homes for Sale
Top Real Estate Agents
Top Agents in Leoni
Top Agents in 49201
Top Agents in 49203
Top Agents in Jackson
Top Agents in Jackson
Top Agents in Summit
Top Agents in 49202
Top Agents in 49230