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Jackson 49201
4940 Country Lane
$739,000
● House - Off Market

4940 Country Lane

Jackson, MI 49201
bedrooms
6 Beds
bathrooms
6 Baths, 1 Half Bath
square feet
6,284 Ft²
$736,251
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

ABSOLUTELY STUNNING custom built 6 bedroom, 5.5 bath two story home is situated on a gorgeous wooded lot in one of Jackson's most sought after neighborhoods. The grand foyer opens to a two story great room with majestic stone fireplace, wet bar and floor to ceiling windows overlooking the private yard and inground pool. You will love the updated kitchen complete with new flooring, granite countertops and gas fireplace. Other main floor amenities include a spacious laundry room, bedroom with full bath and another full bath with convenient entrance from the pool area. Your primary bedroom suite boasts a luxurious en suite bath and large walk in closet. Upstairs you will find 3 additional bedrooms and a jack and jill bath.  Fully finished lower level with family room, wet bar and full bath.
Unit Size
6,284 Ft²
Days on Market
-
Land Size
1.40 acres
Price per sqft
$118
Property Type
House
Property Taxes
$914
HOA Dues
$13
Year Built
1999

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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 #23031968)

Price History

Date / Event Date Event Price
Oct 13, 2023 Sold
Premium
Sold
Aug 28, 2023 Listed by RE/MAX MID-MICHIGAN R.E. $739,000
Listed by RE/MAX MID-MICHIGAN R.E.

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 29
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 3,318
  • Garage Type: 7
  • Garage Square Area: 996
  • Parking Space Count: 4
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 61,855
  • Lot Size Depth Feet: 2,850
  • Lot Size Frontage Feet: 2,170
  • Total Building Area: 4,682
  • Building Area: 4,682
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 4,682
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SPRING MILL SITE CONDO
  • Land Acres: 0000001420
  • Standard Land Use Code: 1004
  • County Land Use Code: 401
  • Legal Description 1: UNIT 14 SPRING MILL SITE CONDOMINIUM

Neighborhood

  • School District Name: Jackson Public Schools
  • School Tax School District: 38170
  • Census Tract: 005202

Zoning

  • Zoning: AG1

Geography

  • Assessors Map Reference: MAPS
  • District: 17
  • Parcel: 000-13-19-351-014-00
  • Municipality: SUMMIT TWP
  • Latitude: 42.1926
  • Longitude: -84.4742

    Address

  • Full Address: 4940 Country Ln
  • Legal Unit: 14
  • Address - House Number: 4940
  • Address - Street Name: Country
  • Address - Suffix Type: Ln
  • State: MI
  • City Name: Jackson
  • Carrier Code: R001
  • 4-Digit Zip Code: 9787
  • Zip Code: 49201

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $725,757
  • Tax Rate Code Area: 17

    Appraisal Valuation

  • Standard Deviation: 0.1902
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 74
  • Final Value: 769,140
  • High Value: 915,499
  • Low Value: 622,781

    Market Valuation

  • Market Total Value: $743,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $371,900

    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 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

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MichRIC

Listed by: KIRSTEN N KNUEPPEL-MOGLE, RE/MAX MID-MICHIGAN R.E.
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 23031968
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 4940 Country Lane built and last sold?
The property at 4940 Country Lane was built in 1999 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 4940 Country Lane is $746,390.
What are some comparable homes to 4940 Country Lane?
There are currently no comparable homes to 4940 Country Lane.
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