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Jackson 49201
3965 Magnolia Parkway
$445,000
● House - Off Market

3965 Magnolia Parkway

Jackson, MI 49201
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,443 Ft²
$2,862
Est. Monthly
$50
HOA / Fees
5.86%
Cap Rate

About This Property

WESTERN SCHOOLS. Gorgeous newer built custom craftsman home. Open floor plan w/ a spacious kitchen featuring 42'' maple Merillat cabinets, granite counters, large island & walk-in pantry. Large windows provide beautiful natural light & cozy gas fireplace to relax in the living room. A separate den is perfect for an office, playroom, or sitting room. Convenient main level laundry room. Spacious primary suite w/ tray ceilings, luxury tiled shower, double vanity, quartz countertop, & enormous walk-in closet. Unfinished walkout basement already plumbed for a bathroom. Exterior professionally landscaped, sprinkler system, stunning covered patio, composite deck & lovely woods view. Whole house water filtration system. Bump out room in the garage for extra storage. Enjoy the neighborhood park.
Unit Size
2,443 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$184
Property Type
House
Property Taxes
$602
HOA Dues
$50
Year Built
-

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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: 3 years ago (MichRIC MLS #24026928)

Price History

Date / Event Date Event Price
Jun 17, 2024 Sold
Premium
Sold
May 30, 2024 Listed by ERA REARDON REALTY, L.L.C. $449,900
Listed by ERA REARDON REALTY, L.L.C.
Sep 16, 2020 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Building Count: 1
  • Bedroom Count: 4
  • 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: 1,261
  • Garage Type: 7
  • Garage Square Area: 506
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,326
  • Total Building Area: 2,522
  • Building Area: 2,522
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,522
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000260
  • Standard Land Use Code: 1004
  • County Land Use Code: 401
  • Legal Description 1: UNIT 56 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: 000-13-06-103-056-00
  • Municipality: SUMMIT TWP
  • Latitude: 42.242
  • Longitude: -84.4783

    Address

  • Full Address: 3965 Magnolia Pkwy
  • Legal Unit: 56
  • Address - House Number: 3965
  • 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: $466,075
  • Tax Rate Code Area: 17

    Appraisal Valuation

  • Standard Deviation: 0.1726
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 77
  • Final Value: 489,226
  • High Value: 573,691
  • Low Value: 404,761

    Market Valuation

  • Market Total Value: $447,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $223,500

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 04, 2020
  • Current Sale Recording Date: Sep 16, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2859739
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: Julie Hackworth, ERA REARDON REALTY, L.L.C.
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24026928
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 3965 Magnolia Parkway built and last sold?
The property at 3965 Magnolia Parkway was built in and last sold on Sep 4, 2020 for $402,502.
How much is this home worth?
The estimated value of the home located at 3965 Magnolia Parkway is $448,835.
What are some comparable homes to 3965 Magnolia Parkway?
There are currently no comparable homes to 3965 Magnolia Parkway.
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