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Jackson 49230
492 Norvell Beach Drive
$17,500
● Land - Off Market

492 Norvell Beach Drive

Brooklyn, MI 49230
bedrooms
Studio
bathrooms
0 Bath
$135
Est. Monthly
41.24%
Cap Rate
Unit Size
-
Days on Market
-
Land Size
0.30 acres
Price per sqft
-
Property Type
Land
Property Taxes
$49
HOA Dues
-
Year Built
1970

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #24022237)

Price History

Date / Event Date Event Price
May 6, 2024 Sold
Premium
Sold
May 1, 2024 Listed by ERA REARDON REALTY, L.L.C. $17,500
Listed by ERA REARDON REALTY, L.L.C.
May 20, 2016 Sold
Premium
Sold
Apr 24, 2003 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • 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: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 648
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,068
  • Lot Size Depth Feet: 1,160
  • Lot Size Frontage Feet: 1,140
  • Total Building Area: 672
  • Building Area: 672
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 672
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BEACH SUBDIVISION
  • Land Acres: 0000000300
  • Standard Land Use Code: 1001
  • County Land Use Code: 402
  • Legal Description 1: LOT 1 NORVELL BEACH SUBDIVISION ALSO AN UNDIVIDED 1/11 INTEREST IN LOT26 NORVELL BEACH SUBDIVISION NO 2

Neighborhood

  • School District Name: Napoleon Community Schools
  • School Tax School District: 38130
  • Census Tract: 006305

Zoning

  • Zoning: RES

Geography

  • Assessors Map Reference: MAPS
  • District: 10
  • Parcel: 090-20-04-127-001-00
  • Lot: 1,26
  • Municipality: NORVELL TWP
  • Latitude: 42.1585
  • Longitude: -84.1953

    Address

  • Full Address: 492 Norvell Beach Dr
  • Address - House Number: 492
  • Address - Street Name: Norvell Beach
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Brooklyn
  • Carrier Code: R002
  • 4-Digit Zip Code: 8365
  • Zip Code: 49230

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $18,156
  • Initial Tax Delinquent Year: 2019
  • Tax Rate Code Area: 10

    Appraisal Valuation

  • Standard Deviation: 0.1902
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 74
  • Final Value: 27,624
  • High Value: 32,881
  • Low Value: 22,367

    Market Valuation

  • Market Total Value: $11,200
  • Market Land Value: $11,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $5,600
  • Assessed Land Value: $5,600

    Sales

  • Current Sale Contract Date: Jun 15, 2012
  • Current Sale Recording Date: May 20, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2740700
  • Previous Sale Recording Date: Apr 24, 2003
  • Previous Sale Contract Date: Apr 17, 2003
  • Previous Sale Amount: $35,000
  • 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 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# 24022237
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 492 Norvell Beach Drive built and last sold?
The property at 492 Norvell Beach Drive was built in 1970 and last sold on Jun 15, 2012 for $8,000.
How much is this home worth?
The estimated value of the home located at 492 Norvell Beach Drive is $0.
What are some comparable homes to 492 Norvell Beach Drive?
There are currently no comparable homes to 492 Norvell Beach Drive.
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