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Vandercook Lake 49203
4650 Draper Road
$202,000
● House - Off Market

4650 Draper Road

Jackson, MI 49203
bedrooms
3 Beds
bathrooms
1 Bath
square feet
936 Ft²
$1,202
Est. Monthly
13.27%
Cap Rate

About This Property

This adorable 3 bd (3rd bdrm non-conforming), 1 ba bungalow in Summit township features all new updates throughout (2021), is walking distance from Townsend Elementary, minutes from The Grande Golf Course and US127S. Sitting on .36 acres, with a detached 1.5 car garage, fenced in backyard and a charming greenhouse this property is perfect for all seasons . Features a large laundry area, workshop and plenty of storage in the basement. This beautiful home is waiting for you!
Unit Size
936 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$208
Property Type
House
Property Taxes
$244
HOA Dues
-
Year Built
1938

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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 #24061325)

Price History

Date / Event Date Event Price
Feb 14, 2025 Sold
Premium
Sold
Jan 21, 2025 In contract -
In contract
Jan 3, 2025 Price Decreased $194,900
↓ $4K (2.1%)
Price Decreased
Nov 30, 2024 Listed by ERA REARDON REALTY, L.L.C. $199,000
Listed by ERA REARDON REALTY, L.L.C.
May 5, 2021 Sold
Premium
Sold
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1938
  • Effective Year Built: 1938
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 618
  • Garage Type: 7
  • Garage Square Area: 320
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,856
  • Lot Size Depth Feet: 1,150
  • Lot Size Frontage Feet: 1,380
  • Total Building Area: 921
  • Building Area: 921
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 921
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BEVERLY HILLS
  • Land Acres: 0000000364
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOTS 38, 39 AND 40 BEVERLY HILLS

Neighborhood

  • School District Name: Vandercook Lake Public Schools
  • School Tax School District: 38020
  • Census Tract: 005100

Zoning

  • Zoning: RU1

Geography

  • Assessors Map Reference: MAPS
  • District: 17
  • Parcel: 105-13-23-427-025-00
  • Lot: 38-39
  • Municipality: SUMMIT TWP
  • Latitude: 42.1945
  • Longitude: -84.3843

    Address

  • Full Address: 4650 Draper Rd
  • Address - House Number: 4650
  • Address - Street Name: Draper
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Jackson
  • Carrier Code: C032
  • 4-Digit Zip Code: 6007
  • Zip Code: 49203

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $187,379
  • Initial Tax Delinquent Year: 2016
  • Tax Rate Code Area: 17

    Appraisal Valuation

  • Standard Deviation: 0.1097
  • Valuation Date: Nov 22, 2023
  • Confidence Score: 88
  • Final Value: 137,973
  • High Value: 153,117
  • Low Value: 122,830

    Market Valuation

  • Market Total Value: $165,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $82,600

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 26, 2021
  • Current Sale Recording Date: May 05, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2883002
  • Previous Sale Recording Date: Dec 14, 2020
  • Previous Sale Contract Date: Dec 02, 2020
  • Previous Sale Amount: $36,000
  • Previous 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 Vandercook Lake

Stats & Trends

Median Asking:

$209,950

Sale Price/ft²

$132

Below Asking

0.03%

Average Days on Market

52

Average Home Size

2005 ft²

Average Home Age

54.6 years

Currently For Sale

10 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: Crystal LeFaive, ERA REARDON REALTY, L.L.C.
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24061325
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 4650 Draper Road built and last sold?
The property at 4650 Draper Road was built in 1938 and last sold on Apr 26, 2021 for $150,000.
How much is this home worth?
The estimated value of the home located at 4650 Draper Road is $0.
What are some comparable homes to 4650 Draper Road?
There are currently no comparable homes to 4650 Draper Road.
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