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Jackson 49202
508 Hallett Street
$129,000
● House - Off Market

508 Hallett Street

Jackson, MI 49202
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,216 Ft²
$754
Est. Monthly
14.23%
Cap Rate

About This Property

Check out this updated two-story City home close to downtown, Consumers Energy, Henry Ford hospital, shopping and Parks. This home feature is three bedrooms, one and a half baths, large formal living room with wood staircase to upper level, Formal dining room with vinyl plank floors, new kitchen with complete appliance package. Main floor, laundry and half bath. Upstairs offers the three bedrooms plus a full bath with walk-in shower. Super clean and neat, fresh paint, new flooring. Updated high-efficiency furnace and newer water heater. Detached one car garage, nice backyard with cement patio for your enjoyment.
Unit Size
1,216 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$106
Property Type
House
Property Taxes
$120
HOA Dues
-
Year Built
1930

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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 #24011504)

Price History

Date / Event Date Event Price
May 8, 2024 Sold
Premium
Sold
Mar 10, 2024 Listed by TOM SCHINDLER, REALTOR $129,000
Listed by TOM SCHINDLER, REALTOR
Jan 13, 1999 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • 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: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 572
  • Garage Type: 7
  • Garage Square Area: 324
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,400
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,216
  • Building Area: 1,216
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,216
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FOOTE & BENNETTS ADD
  • Land Acres: 0000000101
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: E 40 FT OF LOT 19 BLK 11 FOOTE & BENNETT'S ADD

Neighborhood

  • School District Name: Jackson Public Schools
  • School Tax School District: 38170
  • Census Tract: 000100

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: MAPS
  • District: 50
  • Parcel: 2-149300000
  • Block: 11
  • Lot: 19
  • Municipality: JACKSON CITY
  • Latitude: 42.2569
  • Longitude: -84.4171

    Address

  • Full Address: 508 Hallett St
  • Legal Unit: 19
  • Address - House Number: 508
  • Address - Street Name: Hallett
  • Address - Suffix Type: St
  • State: MI
  • City Name: Jackson
  • Carrier Code: C004
  • 4-Digit Zip Code: 3241
  • Zip Code: 49202

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $142,406
  • Tax Rate Code Area: 50

    Appraisal Valuation

  • Standard Deviation: 0.2504
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 64
  • Final Value: 120,726
  • High Value: 150,963
  • Low Value: 90,489

    Market Valuation

  • Market Total Value: $80,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $40,200

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 29, 1998
  • Current Sale Recording Date: Jan 13, 1999
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2101368
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 1024 S Brown St, MI, 48203

$950 /mo

  • 1 Bed
  • 1 Bath
1024 S Brown St, MI, 48203 Listing by Rick Rivera
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: Tom Schindler, TOM SCHINDLER, REALTOR
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24011504
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 508 Hallett Street built and last sold?
The property at 508 Hallett Street was built in 1930 and last sold on Dec 29, 1998 for $36,500.
How much is this home worth?
The estimated value of the home located at 508 Hallett Street is $130,747.
What are some comparable homes to 508 Hallett Street?
There are currently no comparable homes to 508 Hallett Street.
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