For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Michigan Center 49203
4045 Franklin Road
$136,000
● House - Off Market

4045 Franklin Road

Jackson, MI 49203
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,076 Ft²
$137,285
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

Here's the perfect opportunity to get a quality built home, in the popular Michigan Center school district, at an outstanding price. Close to highways and city amenities while being in a quiet  neighborhood with newer built homes nearby. Put your own stamp on this adorable 3 bedroom 2 bathroom ranch home,  with a full walk out basement that is situated on more than half an acre. The yard is super deep and perfect for bonfires, games with the kids etc. Each bedroom has a spacious closet and main bedroom has an en-suite bath. The furnace and central AC have been replaced within the last few years as well as several windows. Schedule your showing quickly-this one is priced to sell!!
Unit Size
1,076 Ft²
Days on Market
-
Land Size
0.59 acres
Price per sqft
$123
Property Type
House
Property Taxes
$94
HOA Dues
-
Year Built
1978

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 #22038411)

Price History

Date / Event Date Event Price
Sep 29, 2022 Sold
Premium
Sold
Sep 6, 2022 Listed by ERA REARDON REALTY, L.L.C. $132,000
Listed by ERA REARDON REALTY, L.L.C.

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 8
  • 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: 1,056
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 25,613
  • Lot Size Depth Feet: 3,050
  • Lot Size Frontage Feet: 840
  • Total Building Area: 1,076
  • Building Area: 1,076
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,076
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OF SAMUEL LEES FARM SUBDIVISION
  • Land Acres: 0000000588
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: BEG AT NE COR OF S 1/2 OF NWFRL 1/4 OF SEC 5 TH W ALG N 1/8 LN 330 FT TO A PT FOR POB OF THIS DESCN TH S00?41'E 330 FT TH

Neighborhood

  • School District Name: Michigan Center School District
  • School Tax School District: 38120
  • Census Tract: 006101

Zoning

  • Zoning: R-1 ONE

Geography

  • Assessors Map Reference: MAPS
  • District: 07
  • Parcel: 000-14-05-102-012-01
  • Lot: 5
  • Meridian: SEC 05 TWN 03S RNG 01E
  • Municipality: LEONI TWP
  • Latitude: 42.2439
  • Longitude: -84.3385

    Address

  • Full Address: 4045 Franklin Rd
  • Legal Unit: 5
  • Address - House Number: 4045
  • Address - Street Name: Franklin
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Jackson
  • Carrier Code: C012
  • 4-Digit Zip Code: 2449
  • Zip Code: 49203

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $76,411
  • Tax Rate Code Area: 7

    Appraisal Valuation

  • Standard Deviation: 0.1089
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 89
  • Final Value: 131,057
  • High Value: 145,331
  • Low Value: 116,783

    Market Valuation

  • Market Total Value: $84,052

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $42,026

    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 Michigan Center

Stats & Trends

Median Asking:

$235,000

Sale Price/ft²

$170

Below Asking

0.02%

Average Days on Market

48

Average Home Size

1550 ft²

Average Home Age

94.6 years

Currently For Sale

11 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: MICHELLE EPPERLY, ERA REARDON REALTY, L.L.C.
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 22038411
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 4045 Franklin Road built and last sold?
The property at 4045 Franklin Road was built in 1978 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 4045 Franklin Road is $0.
What are some comparable homes to 4045 Franklin Road?
There are currently no comparable homes to 4045 Franklin Road.
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
Leoni Homes for Sale
Leoni Houses for Sale
Leoni Condos for Sale
Leoni Multifamily for Sale
Leoni Land for Sale
Leoni Commercial for Sale
Leoni Homes with Basements
Leoni Homes with Pools
Nearby Cities
Jackson Homes for Sale
Michigan Center Homes for Sale
Vandercook Lake Homes for Sale
Brooklyn Homes for Sale
Grass Lake Homes for Sale
Vineyard Lake Homes for Sale
Leslie Homes for Sale
Stockbridge Homes for Sale
Nearby Property Records
Jackson County, MI Property Records
Washtenaw County, MI Property Records
Ingham County, MI Property Records
Hillsdale County, MI Property Records
Eaton County, MI Property Records
Lenawee County, MI Property Records
Livingston County, MI Property Records
Calhoun County, MI Property Records
Nearby Counties
Jackson Homes for Sale
Summit Homes for Sale
Blackman Homes for Sale
Columbia Homes for Sale
Napoleon Homes for Sale
Grass Lake Homes for Sale
Henrietta Homes for Sale
Liberty Homes for Sale
Top Real Estate Agents
Top Agents in Leoni
Top Agents in 49201
Top Agents in 49203
Top Agents in Jackson
Top Agents in Jackson
Top Agents in Summit
Top Agents in 49202
Top Agents in 49230