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Jackson 49201
3466 Balmars Avenue
$229,000
● House - Off Market

3466 Balmars Avenue

Jackson, MI 49201
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,412 Ft²
$1,318
Est. Monthly
10.60%
Cap Rate

About This Property

I'm excited to share with you this stunning 3-bedroom, 1-bathroom ranch-style home that has undergone a complete renovation. The property boasts updated windows & roof. New deck & patio, full kitchen update, beautiful & bright custom-tiled bathroom, lighting, paint & flooring throughout! All kitchen & laundry appliances included. New Furnace & AC October 2024. There's also a den or 4th non-conforming bedroom in the basement, along with additional space perfect for storage or as a recreation area. The home's convenient location near the highway makes for an easy commute. Don't miss out on this fantastic opportunity!
Unit Size
1,412 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$159
Property Type
House
Property Taxes
$212
HOA Dues
-
Year Built
1961

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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 #24052810)

Price History

Date / Event Date Event Price
Dec 10, 2024 Sold
Premium
Sold
Nov 15, 2024 In contract -
In contract
Oct 7, 2024 Listed by C-21 Affiliated - Jackson $225,000
Listed by C-21 Affiliated - Jackson
Nov 1, 2023 No longer available -
No longer available
Oct 12, 2023 In contract -
In contract
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • 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 Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,204
  • Garage Type: 7
  • Garage Square Area: 392
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,549
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 1,040
  • Total Building Area: 1,204
  • Building Area: 1,204
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,204
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NORTHLANDS SUBDIVISION
  • Land Acres: 0000000334
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 19 NORTHLANDS SUBDIVISION

Neighborhood

  • School District Name: Northwest School District
  • School Tax School District: 38140
  • Census Tract: 005700

Zoning

  • Zoning: RS-1

Geography

  • Assessors Map Reference: MAPS
  • District: 01
  • Parcel: 000-08-16-402-006-00
  • Lot: 19
  • Municipality: BLACKMAN TWP
  • Latitude: 42.2967
  • Longitude: -84.4306

    Address

  • Full Address: 3466 Balmars Ave
  • Legal Unit: 19
  • Address - House Number: 3466
  • Address - Street Name: Balmars
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Jackson
  • Carrier Code: R012
  • 4-Digit Zip Code: 8618
  • Zip Code: 49201

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $96,698
  • Tax Rate Code Area: 1

    Appraisal Valuation

  • Standard Deviation: 0.1097
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 88
  • Final Value: 129,146
  • High Value: 143,319
  • Low Value: 114,974

    Market Valuation

  • Market Total Value: $151,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $75,800

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 04, 2015
  • Current Sale Recording Date: May 07, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2710045
  • Previous Sale Recording Date: Feb 16, 2005
  • Previous Sale Contract Date: Feb 10, 2005
  • Previous Sale Amount: $137,000
  • 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

Rentals Near You

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MichRIC

Listed by: ERIC ROPP, C-21 Affiliated - Jackson
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24052810
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 3466 Balmars Avenue built and last sold?
The property at 3466 Balmars Avenue was built in 1961 and last sold on May 4, 2015 for $129,900.
How much is this home worth?
The estimated value of the home located at 3466 Balmars Avenue is $0.
What are some comparable homes to 3466 Balmars Avenue?
There are currently no comparable homes to 3466 Balmars Avenue.
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