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Jonesville 49250
409 Wright Street
$222,000
● House - Off Market

409 Wright Street

Jonesville, MI 49250
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,050 Ft²
$1,292
Est. Monthly
11.81%
Cap Rate

About This Property

Great opportunity for multigenerational living in the city of Jonesville! The front house boasts great spaces with the historical flares you could expect with a historical home like this, including large bedrooms and custom cabinets! The Mother in law suite is accessed through the attached garage and breezeway and features all new flooring and paint! Close to shopping and restaurants and situated across from the Wright Street Park, dont miss this one!
Unit Size
2,050 Ft²
Days on Market
104 days
Land Size
0.45 acres
Price per sqft
$110
Property Type
House
Property Taxes
$188
HOA Dues
-
Year Built
1973

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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: 2 years ago (MichRIC MLS #25008215)

Price History

Date / Event Date Event Price
Jun 18, 2025 Sold
Premium
Sold
May 28, 2025 In contract -
In contract
May 6, 2025 Price Decreased $224,900
↓ $5K (2.2%)
Price Decreased
Apr 1, 2025 Price Decreased $229,900
↓ $5K (2.1%)
Price Decreased
Mar 6, 2025 Listed by HOWARD HANNA REAL ESTATE SERVI $234,900
Listed by HOWARD HANNA REAL ESTATE SERVI
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Building Count: 2
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,574
  • Garage Type: 7
  • Garage Square Area: 624
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,602
  • Lot Size Depth Feet: 1,980
  • Lot Size Frontage Feet: 990
  • Total Building Area: 1,032
  • Gross Building Area: 1,704
  • Building Area: 1,032
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,032
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: False
  • Land Acres: 0000000450
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 47 SUPERVISORS PLAT NO. 1 SEC 33 T5S R3W CITY OF JONESVILLE

Neighborhood

  • School District Name: Jonesville Community Schools
  • Census Tract: 050500

Geography

  • Parcel: 21-280-001-052
  • Lot: 47
  • Meridian: SEC 33 TWN 05S RNG 03W
  • Municipality: CITY OF JONESVILLE
  • Latitude: 41.9879
  • Longitude: -84.6612

    Address

  • Full Address: 409 Wright St
  • Address - House Number: 409
  • Address - Street Name: Wright
  • Address - Suffix Type: St
  • State: MI
  • City Name: Jonesville
  • Carrier Code: C001
  • 4-Digit Zip Code: 1043
  • Zip Code: 49250

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $172,068

    Appraisal Valuation

  • Standard Deviation: 0.4577
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 8
  • Final Value: 234,692
  • High Value: 342,121
  • Low Value: 127,262

    Market Valuation

  • Market Total Value: $224,739
  • Market Land Value: $19,007
  • Market Improvement Value: $205,732

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $112,400

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 16, 2024
  • Current Sale Recording Date: Feb 16, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 604530
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 Jonesville

Stats & Trends

Median Asking:

$229,900

Sale Price/ft²

$134

Below Asking

0.02%

Average Days on Market

71

Average Home Size

1928 ft²

Average Home Age

126 years

Currently For Sale

3 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: KAYLA DOMINIQUE, HOWARD HANNA REAL ESTATE SERVI
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25008215
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 409 Wright Street built and last sold?
The property at 409 Wright Street was built in 1973 and last sold on Feb 16, 2024 for $205,400.
How much is this home worth?
The estimated value of the home located at 409 Wright Street is $0.
What are some comparable homes to 409 Wright Street?
There are currently no comparable homes to 409 Wright Street.
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