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Jackson 49202
3407 Gypsy Lane
$118,000
● House - Off Market

3407 Gypsy Lane

Jackson, MI 49202
bedrooms
1 Bed
bathrooms
1 Bath
square feet
700 Ft²
$663
Est. Monthly

About This Property

Newly renovated ranch home in the back of the subdivision.  Large new kitchen  with new soft close cabinets and granite counters along with a full stainless steel appliance package.  living room is large and has new paint throughout and new carpet.  Basement is clean and tidy with space for a non conforming bedroom.  Large back deck with a big fenced in back yard.  The plumbing and electrical was updated for maintenance free living.
Unit Size
700 Ft²
Days on Market
41 days
Land Size
0.20 acres
Price per sqft
$171
Property Type
House
Property Taxes
$73
HOA Dues
-
Year Built
1926

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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: 12 months ago (MichRIC MLS #25053019)

Price History

Date / Event Date Event Price
Nov 25, 2025 Sold
Premium
Sold
Nov 4, 2025 In contract -
In contract
Oct 14, 2025 Listed by ERA REARDON REALTY, L.L.C. $120,000
Listed by ERA REARDON REALTY, L.L.C.
Sep 1, 1993 Sold
Premium
Sold

Property Highlights

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: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 520
  • Garage Type: 7
  • Garage Square Area: 416
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,625
  • Lot Size Depth Feet: 1,660
  • Lot Size Frontage Feet: 520
  • Total Building Area: 700
  • Building Area: 700
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 700
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GUNNISON GARDENS
  • Land Acres: 0000000198
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 42 GUNNISON GARDENS SEC 30 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: 000-09-30-403-012-00
  • Lot: 42
  • Meridian: SEC 30 TWN 02S RNG 01E
  • Municipality: LEONI TWP
  • Latitude: 42.2674
  • Longitude: -84.3557

    Address

  • Full Address: 3407 Gypsy Ln
  • Legal Unit: 42
  • Address - House Number: 3407
  • Address - Street Name: Gypsy
  • Address - Suffix Type: Ln
  • State: MI
  • City Name: Jackson
  • Carrier Code: C017
  • 4-Digit Zip Code: 2639
  • Zip Code: 49202

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $56,423
  • Tax Rate Code Area: 7

    Appraisal Valuation

  • Standard Deviation: 0.2514
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 64
  • Final Value: 110,440
  • High Value: 138,216
  • Low Value: 82,665

    Market Valuation

  • Market Total Value: $84,756

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $42,378

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 01, 1993
  • Current Sale Recording Date: Sep 01, 1993
  • 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

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MichRIC

Listed by: RICH COOK, ERA REARDON REALTY, L.L.C.
Last Updated: 12 months ago
Data Source: MichRIC, MLS# 25053019
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 3407 Gypsy Lane built and last sold?
The property at 3407 Gypsy Lane was built in 1926 and last sold on Sep 1, 1993 for $7,000.
How much is this home worth?
The estimated value of the home located at 3407 Gypsy Lane is $0.
What are some comparable homes to 3407 Gypsy Lane?
There are currently no comparable homes to 3407 Gypsy Lane.
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