For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Jackson 49201
3942 Magnolia Parkway
$384,907
● House - Off Market

3942 Magnolia Parkway

Jackson, MI 49201
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,913 Ft²
$396,017
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model

About This Property

New construction home at The Preserve at Magnolia Park. The Malden plan has an open floor plan with a first floor primary suite. The kitchen has 42'' white Merillat cabinets, granite counters, a walk in pantry, center island with blue cabinets and stainless steel appliances. A beautiful fireplace with stone surround is the centerpiece of the great room. The primary master suite has a luxury tiled shower with frameless glass door and a double vanity with granite tops. Harwood flooring throughout the main floor. Upstairs, you will find 2 bedrooms, full bath and a loft. The walk-out basement is rough plumbed for a future bath. Irrigation and sod included.  *Taxes are estimated*
Unit Size
1,913 Ft²
Days on Market
-
Land Size
2.73 acres
Price per sqft
$201
Property Type
House
Property Taxes
$591
HOA Dues
-
Year Built
-

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 3 years ago (MichRIC MLS #21118702)

Price History

Date / Event Date Event Price
Mar 29, 2022 Sold
Premium
Sold
Dec 18, 2021 Listed by NORFOLK REALTY LIMITED $384,570
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: 2
  • 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: 1,278
  • Garage Type: 7
  • Garage Square Area: 462
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,761
  • Total Building Area: 2,556
  • Building Area: 2,556
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,556
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000270
  • Standard Land Use Code: 1004
  • County Land Use Code: 401
  • Legal Description 1: UNIT 38 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: 000-13-06-103-038-00
  • Municipality: SUMMIT TWP
  • Latitude: 42.242
  • Longitude: -84.4783

    Address

  • Full Address: 3942 Magnolia Pkwy
  • Legal Unit: 38
  • Address - House Number: 3942
  • 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: $459,109
  • Tax Rate Code Area: 17

    Appraisal Valuation

  • Standard Deviation: 0.1718
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 78
  • Final Value: 407,439
  • High Value: 477,467
  • Low Value: 337,411

    Market Valuation

  • Market Total Value: $386,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $193,000

    Exemptions

  • Homeowner Exemption: Yes
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

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Lisa R Taylor, NORFOLK REALTY LIMITED
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21118702
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 3942 Magnolia Parkway built and last sold?
The property at 3942 Magnolia Parkway was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 3942 Magnolia Parkway is $383,319.
What are some comparable homes to 3942 Magnolia Parkway?
There are currently no comparable homes to 3942 Magnolia Parkway.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Summit Homes for Sale
Summit Houses for Sale
Summit Condos for Sale
Summit Multifamily for Sale
Summit Land for Sale
Summit Commercial for Sale
Summit Homes with Basements
Summit Homes with Pools
Nearby Cities
Jackson Homes for Sale
Michigan Center Homes for Sale
Vandercook Lake Homes for Sale
Spring Arbor Homes for Sale
Parma Homes for Sale
Hanover Homes for Sale
Cement City Homes for Sale
Nearby Property Records
Jackson County, MI Property Records
Hillsdale County, MI Property Records
Calhoun County, MI Property Records
Washtenaw County, MI Property Records
Ingham County, MI Property Records
Eaton County, MI Property Records
Lenawee County, MI Property Records
Branch County, MI Property Records
Nearby Counties
Jackson Homes for Sale
Leoni Homes for Sale
Blackman Homes for Sale
Columbia Homes for Sale
Napoleon Homes for Sale
Spring Arbor Homes for Sale
Liberty Homes for Sale
Hanover Homes for Sale
Top Real Estate Agents
Top Agents in Summit
Top Agents in 49201
Top Agents in 49203
Top Agents in Jackson
Top Agents in Jackson
Top Agents in 49202
Top Agents in Leoni
Top Agents in Blackman