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Jackson 49201
3939 Magnolia Parkway
$462,975
● House - Off Market

3939 Magnolia Parkway

Jackson, MI 49201
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,833 Ft²
$487,502
RealtyHop Estimate
5.30%
Since Mar 1, 2022
National-US
Primary Model

About This Property

Gorgeous new construction home- Craftsman style ranch plan with a full finished walk-out basement. Open kitchen with oversized island, granite counters and 42'' Maple cabinets. The kitchen is open to the great room, eating nook and window filled sunroom. A grand wood burning fireplace with stone surround & raised hearth are the centerpiece of this home. Gorgeous Hickory floors throughout the main living area and master bedroom. The master suite has a barn door leading to the bath, which includes a tiled shower and free-standing tub, granite tops and comfort height vanity. Finished basement has 9' poured walls and dual zone heating with a large family room, bedroom and full bath, with extra finished space under the sunroom. Includes Norfolk's Smart Home Technology Package *Taxes are estimat
Unit Size
2,833 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$163
Property Type
House
Property Taxes
$711
HOA Dues
-
Year Built
-

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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 #22005996)

Price History

Date / Event Date Event Price
Mar 7, 2022 Sold
Premium
Sold
Feb 26, 2022 Listed by NORFOLK REALTY LIMITED $462,975
Listed by NORFOLK REALTY LIMITED

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 29
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,705
  • Garage Type: 7
  • Garage Square Area: 480
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,068
  • Total Building Area: 1,705
  • Building Area: 1,705
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,705
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THE PRESERVE AT MAGNOLLA PARK
  • Land Acres: 0000000300
  • Standard Land Use Code: 1004
  • County Land Use Code: 401
  • Legal Description 1: UNIT 54 THE PRESERVE AT MAGNOLIA SITE CONDOMINIUM SPLIT ON 12/31/2019 FROM 000-13-06-101-011-00

Neighborhood

  • School District Name: Jackson Public Schools
  • School Tax School District: 38010
  • Census Tract: 005301

Zoning

  • Zoning: PR1

Geography

  • Assessors Map Reference: MAPS 40-13A
  • District: 17
  • Parcel: 000-13-06-103-054-00
  • Municipality: SUMMIT TWP
  • Latitude: 42.242
  • Longitude: -84.4783

    Address

  • Full Address: 3939 Magnolia Pkwy
  • Legal Unit: 54
  • Address - House Number: 3939
  • Address - Street Name: Magnolia
  • Address - Suffix Type: Pkwy
  • State: MI
  • City Name: Jackson
  • Carrier Code: R009
  • 4-Digit Zip Code: 7685
  • Zip Code: 49201

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $521,196
  • Tax Rate Code Area: 17

    Appraisal Valuation

  • Standard Deviation: 0.1897
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 74
  • Final Value: 475,306
  • High Value: 565,473
  • Low Value: 385,139

    Market Valuation

  • Market Total Value: $438,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $219,100

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 28, 2022
  • Current Sale Recording Date: Mar 07, 2022
  • 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: Lisa R Taylor, NORFOLK REALTY LIMITED
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 22005996
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 3939 Magnolia Parkway built and last sold?
The property at 3939 Magnolia Parkway was built in and last sold on Feb 28, 2022 for $462,975.
How much is this home worth?
The estimated value of the home located at 3939 Magnolia Parkway is $464,875.
What are some comparable homes to 3939 Magnolia Parkway?
There are currently no comparable homes to 3939 Magnolia Parkway.
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