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Jackson
3513 REED RD
$242,000
● House - Off Market

3513 REED RD

Clarklake, MI 49234
bedrooms
2 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,972 Ft²
$328,459
RealtyHop Estimate
31.38%
Since Jan 1, 2021
National-US
Primary Model

About This Property

Seller is a licensed Realtor in the State of Michigan
Unit Size
1,972 Ft²
Days on Market
-
Land Size
3.70 acres
Price per sqft
$127
Property Type
House
Property Taxes
$213
HOA Dues
-
Year Built
1950

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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: 3 years ago (MichRIC MLS #21047298)

Price History

Date / Event Date Event Price
Dec 18, 2020 Sold
Premium
Sold
Nov 4, 2020 Listed by THINKING REAL ESTATE $250,000
Listed by THINKING REAL ESTATE

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • 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: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,172
  • Garage Type: 7
  • Garage Square Area: 864
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 162,043
  • Lot Size Depth Feet: 3,750
  • Lot Size Frontage Feet: 4,300
  • Total Building Area: 1,172
  • Building Area: 1,172
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,172
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000003720
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: BEG AT E 1/4 POST OF SEC 7 TH W ALG E&W 1/4 LN 1683 FT TO A PT FOR PL OF BEG OF THIS DESCN TH S 395.5 FT TH S 84'30'W 212 FT

Neighborhood

  • School District Name: Columbia School District
  • School Tax School District: 38040
  • Census Tract: 006304

Zoning

  • Zoning: AG

Geography

  • Assessors Map Reference: MAPS
  • District: 02
  • Parcel: 000-19-07-401-003-01
  • Meridian: SEC 07 TWN 04S RNG 01E
  • Municipality: COLUMBIA TWP
  • Latitude: 42.1381
  • Longitude: -84.3519

    Address

  • Full Address: 3513 Reed Rd
  • Address - House Number: 3513
  • Address - Street Name: Reed
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Clarklake
  • Carrier Code: R031
  • 4-Digit Zip Code: 9690
  • Zip Code: 49234

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $202,165
  • Initial Tax Delinquent Year: 2019
  • Tax Rate Code Area: 2

    Appraisal Valuation

  • Standard Deviation: 0.1791
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 76
  • Final Value: 309,949
  • High Value: 365,482
  • Low Value: 254,416

    Market Valuation

  • Market Total Value: $229,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $114,500

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 14, 2020
  • Current Sale Recording Date: Dec 18, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2867969
  • Previous Sale Recording Date: Dec 18, 2020
  • Previous Sale Contract Date: Dec 14, 2020
  • Previous Sale Amount: $130,000
  • 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

Unit for rent at 4561 N Lake Road, Clarklake, MI, 49234

$2,200 /mo

  • 5 Beds
  • 2 Baths
  • 3,809 ft²
4561 N Lake Road, Clarklake, MI, 49234 Listing by Tina Chavez

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: MARC J MEYER, THINKING REAL ESTATE
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21047298
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 3513 Reed Road built and last sold?
The property at 3513 Reed Road was built in 1950 and last sold on Dec 14, 2020 for $242,000.
How much is this home worth?
The estimated value of the home located at 3513 Reed Road is $235,177.
What are some comparable homes to 3513 Reed Road?
There are currently no comparable homes to 3513 Reed Road.
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