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Jackson 49202
509 COMMONWEALTH
$44,500
● House - Off Market

509 COMMONWEALTH

Jackson, MI 49202
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,819 Ft²
$88,979
RealtyHop Estimate
64.78%
Since Apr 1, 2017
National-US
Primary Model

About This Property

THIS HOME IS LOCATED ON A QUITE STREET CLOSE TO HIGHWAY AND SHOPPING.  IT HAS 3  BEDROOMS AND 2 FULL BATHS.  IT ALSO INCLUDES A TWO CAR DETACHED GARAGE AND FENCED BACK.  **THIS PROPERTY IS AT AUCTION FROM 2/22/1- THRU 3/14/2017/ GO TO WWW.HUDSONANDMARSHALL.COM
Unit Size
1,819 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$30
Property Type
House
Property Taxes
$145
HOA Dues
-
Year Built
1924

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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 #21089462)

Price History

Date / Event Date Event Price
Aug 30, 2017 Sold
Premium
Sold
Jul 1, 2017 Listed by NON-MEMBER REALTOR 'LIST' $119,300
Listed by NON-MEMBER REALTOR 'LIST'
Mar 30, 2017 Sold
Premium
Sold
Nov 16, 2016 Listed by LEFERE REALTY $54,000
Listed by LEFERE REALTY

Property Highlights

Building Info

Overview

    General

  • Year Built: 1924
  • Effective Year Built: 1924
  • 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 Cover: 0
  • Basement Type: 9
  • Basement Area: 624
  • Garage Type: 7
  • Garage Square Area: 484
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,750
  • Lot Size Depth Feet: 1,150
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,339
  • Building Area: 1,339
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,339
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LANSING AVENUE HEIGHTS SUBDIVISION
  • Land Acres: 0000000132
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 80 LANSING AVE HEIGHTS

Neighborhood

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

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: MAPS 2-47
  • District: 50
  • Parcel: 2-234900000
  • Lot: 80
  • Municipality: JACKSON CITY
  • Latitude: 42.2687
  • Longitude: -84.4168

    Address

  • Full Address: 509 Commonwealth Ave
  • Legal Unit: 80
  • Address - House Number: 509
  • Address - Street Name: Commonwealth
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Jackson
  • Carrier Code: C002
  • 4-Digit Zip Code: 2121
  • Zip Code: 49202

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $222,146
  • Tax Rate Code Area: 50

    Appraisal Valuation

  • Standard Deviation: 0.2451
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 65
  • Final Value: 177,022
  • High Value: 220,410
  • Low Value: 133,633

    Market Valuation

  • Market Total Value: $135,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $67,600

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 25, 2017
  • Current Sale Recording Date: Aug 30, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2777268
  • Previous Sale Recording Date: Apr 29, 2016
  • Previous Sale Contract Date: Jan 26, 2016
  • Previous Sale Document Type: 30
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

Rentals Near You

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MichRIC

Listed by: Philip V Lefere, LEFERE REALTY
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21089462
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 509 Commonwealth Avenue built and last sold?
The property at 509 Commonwealth Avenue was built in 1924 and last sold on Aug 25, 2017 for $119,300.
How much is this home worth?
The estimated value of the home located at 509 Commonwealth Avenue is $124,946.
What are some comparable homes to 509 Commonwealth Avenue?
There are currently no comparable homes to 509 Commonwealth Avenue.
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