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Jackson 49201
501 OAK ST
$9,000
● House - Off Market

501 OAK ST

Jackson, MI 49201
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,188 Ft²
$19,390
RealtyHop Estimate
61.58%
Since Jun 1, 2017
National-US
Primary Model

About This Property

3 bed, 1 bath City home with a fenced in yard. This home needs work and would be good for an investor. Seller willing to look at all offers.
Unit Size
1,188 Ft²
Days on Market
22 days
Land Size
0.08 acres
Price per sqft
$10
Property Type
House
Property Taxes
$24
HOA Dues
-
Year Built
1920

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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: 10 months ago (MichRIC MLS #21089727)

Price History

Date / Event Date Event Price
Nov 26, 2019 Sold
Premium
Sold
Sep 23, 2019 Listed by Green Key Real Estate, LLC $15,000
Listed by Green Key Real Estate, LLC
May 12, 2017 Sold
Premium
Sold
Apr 20, 2017 Listed by Green Key Real Estate, LLC $12,000
Listed by Green Key Real Estate, LLC

Property Highlights

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • 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 Cover: 0
  • Basement Type: 9
  • Basement Area: 504
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,833
  • Lot Size Depth Feet: 820
  • Lot Size Frontage Feet: 465
  • Total Building Area: 1,188
  • Building Area: 1,188
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,188
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BLACKMANS ADD
  • Land Acres: 0000000088
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LAND COM AT INTERS OF E LN OF OAK ST WITH N LN OF BURR (F/K/A/ HAMLIN) ST TH N 48 FT TH E 79.3 FT TH S TO N LN OF HAMLIN ST

Neighborhood

  • School District Name: Jackson Public Schools
  • School Tax School District: 38170
  • Census Tract: 000200

Zoning

  • Zoning: R-4

Geography

  • Assessors Map Reference: MAPS
  • District: 50
  • Parcel: 7-006500000
  • Block: 4
  • Lot: 1
  • Municipality: JACKSON CITY
  • Latitude: 42.2516
  • Longitude: -84.4047

    Address

  • Full Address: 501 Oak St
  • Legal Unit: 1
  • Address - House Number: 501
  • Address - Street Name: Oak
  • Address - Suffix Type: St
  • State: MI
  • City Name: Jackson
  • Carrier Code: C024
  • 4-Digit Zip Code: 1428
  • Zip Code: 49201

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $84,615
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 50

    Appraisal Valuation

  • Standard Deviation: 0.2292
  • Valuation Date: Nov 22, 2023
  • Confidence Score: 68
  • Final Value: 57,301
  • High Value: 70,436
  • Low Value: 44,165

    Market Valuation

  • Market Total Value: $30,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $15,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 14, 2019
  • Current Sale Recording Date: Nov 26, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 44
  • Current Sale Input Document Number: 2837027
  • Previous Sale Recording Date: Nov 18, 2019
  • Previous Sale Contract Date: Nov 11, 2019
  • Previous Sale Amount: $14,000
  • 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:

$148,900

Sale Price/ft²

$113

Below Asking

0.03%

Average Days on Market

57

Average Home Size

1484 ft²

Average Home Age

98.2 years

Currently For Sale

117 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

Unit for rent at 1511 S Martin Luther King Jr Drive, Jackson, MI, 49203

$1,400 /mo

  • 3 Beds
  • 1 Bath
  • 1,134 ft²
1511 S Martin Luther King Jr Drive, Jackson, MI, 49203 Listing by Stephanie Bosanac-Mortimer

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: SHANNON PRAIN, Green Key Real Estate, LLC
Last Updated: 10 months ago
Data Source: MichRIC, MLS# 21089727
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 501 Oak Street built and last sold?
The property at 501 Oak Street was built in 1920 and last sold on Nov 14, 2019 for $35,000.
How much is this home worth?
The estimated value of the home located at 501 Oak Street is $0.
What are some comparable homes to 501 Oak Street?
There are currently no comparable homes to 501 Oak Street.
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