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Jackson 49201
4897 Hematite Street
$300,000
● House - Off Market

4897 Hematite Street

Jackson, MI 49201
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,388 Ft²
$1,706
Est. Monthly
7.07%
Cap Rate

About This Property

Absolutely Pristine, original owner, Ranch home in desirable Stone Gate Farms in Northwest School District.  Enter into foyer that opens to a large living room that is open to dining room, kitchen w/snack bar & complete appliance package, a main floor laundry room & mudroom just off of 2 car garage.  3BR/2BA on main level includes a primary suite with private bath & walk in closet.  A full basement that has an egress window & is plumbed for a 3rd full bath is ready for your finishing touches! Deck off of dining room overlooks a nicely landscaped backyard. This home just shines - so clean and so well cared for - you will be proud to make it your home!
Unit Size
1,388 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$216
Property Type
House
Property Taxes
$233
HOA Dues
-
Year Built
2003

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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 #24051580)

Price History

Date / Event Date Event Price
Oct 31, 2024 Sold
Premium
Sold
Oct 1, 2024 Listed by HOWARD HANNA REAL ESTATE SERVI $299,900
Listed by HOWARD HANNA REAL ESTATE SERVI
Nov 3, 2003 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • 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: 1,362
  • Garage Type: 7
  • Garage Square Area: 461
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,460
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 960
  • Total Building Area: 1,388
  • Building Area: 1,388
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,388
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: STONEGATE FARMS SUBDIVISION #2
  • Land Acres: 0000000309
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 169 STONEGATE FARMS NO 2

Neighborhood

  • School District Name: Northwest School District
  • School Tax School District: 38140
  • Census Tract: 005602

Zoning

  • Zoning: RS-1

Geography

  • Assessors Map Reference: MAPS 20-08B
  • District: 01
  • Parcel: 000-08-10-480-057-00
  • Lot: 169
  • Municipality: BLACKMAN TWP
  • Latitude: 42.3074
  • Longitude: -84.4057

    Address

  • Full Address: 4897 Hematite St
  • Legal Unit: 169
  • Address - House Number: 4897
  • Address - Street Name: Hematite
  • Address - Suffix Type: St
  • State: MI
  • City Name: Jackson
  • Carrier Code: R016
  • 4-Digit Zip Code: 8144
  • Zip Code: 49201

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $129,287
  • Tax Rate Code Area: 1

    Appraisal Valuation

  • Standard Deviation: 0.2514
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 64
  • Final Value: 262,640
  • High Value: 328,694
  • Low Value: 196,587

    Market Valuation

  • Market Total Value: $228,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $114,300

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 27, 2003
  • Current Sale Recording Date: Nov 03, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2325182
  • Previous Sale Recording Date: Nov 03, 2003
  • Previous Sale Contract Date: Oct 27, 2003
  • Previous Sale Amount: $168,500
  • 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 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: HEATHER HERNDON, HOWARD HANNA REAL ESTATE SERVI
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24051580
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 4897 Hematite Street built and last sold?
The property at 4897 Hematite Street was built in 2003 and last sold on Oct 27, 2003 for $168,500.
How much is this home worth?
The estimated value of the home located at 4897 Hematite Street is $0.
What are some comparable homes to 4897 Hematite Street?
There are currently no comparable homes to 4897 Hematite Street.
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