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Jackson 49203
338 Marion Street
$280,000
● House - Off Market

338 Marion Street

Jackson, MI 49203
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,353 Ft²
$1,603
Est. Monthly
16.55%
Cap Rate

About This Property

This charming 4-bedroom, 2-bath home in Summit Township sits on just under an acre and is full of character! The main floor features a spacious great room with beautiful hardwood floors, an updated kitchen with new countertops and stainless steel appliances, three bedrooms, and a full bath. Upstairs, you'll find a large family room, or potential 5th bedroom,  along with the primary suite, complete with a walk-in closet and ensuite bath. The lower level boasts an expansive rec room and plenty of storage space and a radon mitigation system. Outside, enjoy a backyard oasis with garden beds, a firepit, and ample room to roam. A perfect blend of comfort and charm-don't miss this one!
Unit Size
2,353 Ft²
Days on Market
33 days
Land Size
0.93 acres
Price per sqft
$115
Property Type
House
Property Taxes
$277
HOA Dues
-
Year Built
1946

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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 #25022399)

Price History

Date / Event Date Event Price
Jun 18, 2025 Sold
Premium
Sold
May 16, 2025 Listed by RE/MAX MID-MICHIGAN R.E. $270,000
Listed by RE/MAX MID-MICHIGAN R.E.
Mar 21, 2019 Sold
Premium
Sold
Aug 16, 2017 Sold
Premium
Sold
Jun 13, 2017 Listed by RE/MAX MID-MICHIGAN R.E. $159,900
Listed by RE/MAX MID-MICHIGAN R.E.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1946
  • Effective Year Built: 1946
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,009
  • Garage Type: 7
  • Garage Square Area: 280
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,816
  • Lot Size Depth Feet: 4,640
  • Lot Size Frontage Feet: 880
  • Total Building Area: 1,921
  • Building Area: 1,921
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,921
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FERNWOOD GARDENS
  • Land Acres: 0000000937
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: BEG AT A PT IN N&S 1/4 LN OF SEC 5 1218 FT S OF N 1/4 POST TH E 506.5 FT TH S 87.5 FT TH W 506.5 FT TH N 87.5 FT TO BEG EXC

Neighborhood

  • School District Name: Jackson Public Schools
  • School Tax School District: 38170
  • Census Tract: 005301

Zoning

  • Zoning: RS2

Geography

  • Assessors Map Reference: MAPS
  • District: 17
  • Parcel: 000-13-05-204-043-01
  • Lot: 17
  • Meridian: SEC 05 TWN 03S RNG 01W
  • Municipality: SUMMIT TWP
  • Latitude: 42.244
  • Longitude: -84.4519

    Address

  • Full Address: 338 Marion St
  • Legal Unit: 17
  • Address - House Number: 338
  • Address - Street Name: Marion
  • Address - Suffix Type: St
  • State: MI
  • City Name: Jackson
  • Carrier Code: C031
  • 4-Digit Zip Code: 1218
  • Zip Code: 49203

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $210,182
  • Tax Rate Code Area: 17

    Appraisal Valuation

  • Standard Deviation: 0.2529
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 64
  • Final Value: 261,059
  • High Value: 327,101
  • Low Value: 195,018

    Market Valuation

  • Market Total Value: $191,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $95,500

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 23, 2019
  • Current Sale Recording Date: Mar 21, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2817736
  • Previous Sale Recording Date: Aug 16, 2017
  • Previous Sale Contract Date: Aug 14, 2017
  • Previous Sale Amount: $161,000
  • 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:

$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: KIRSTEN N KNUEPPEL-MOGLE, RE/MAX MID-MICHIGAN R.E.
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25022399
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 338 Marion Street built and last sold?
The property at 338 Marion Street was built in 1946 and last sold on Feb 23, 2019 for $169,500.
How much is this home worth?
The estimated value of the home located at 338 Marion Street is $0.
What are some comparable homes to 338 Marion Street?
There are currently no comparable homes to 338 Marion Street.
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