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Jackson 49203
514 S Webster Street
$164,000
● House - Off Market

514 S Webster Street

Jackson, MI 49203
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,364 Ft²
$1,042
Est. Monthly
21.59%
Cap Rate

About This Property

Welcome to this charming 4-bedroom, 1-bath home nestled in a tranquil neighborhood. This well-kept gem features a convenient main floor bedroom and full bathroom, perfect for easy accessibility. Enjoy the added convenience of main floor laundry. The spacious living area is filled with natural light, creating a warm and inviting atmosphere.  Outside, a 1 1/2-car detached garage provides plenty of storage and parking. The meticulously maintained yard is ideal for outdoor activities and relaxation. Located in a quiet, friendly community, this home is close to schools, parks, shopping, and dining.  Don't miss out on this perfect blend of comfort and convenience.  Schedule your showing today!
Unit Size
1,364 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$121
Property Type
House
Property Taxes
$231
HOA Dues
-
Year Built
1880

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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 #24032197)

Price History

Date / Event Date Event Price
Aug 9, 2024 Sold
Premium
Sold
Jul 1, 2024 In contract -
In contract
Jun 24, 2024 Listed by ERA REARDON REALTY, L.L.C. $165,000
Listed by ERA REARDON REALTY, L.L.C.
Oct 30, 2020 Sold
Premium
Sold
Jul 15, 2020 Listed by ERA REARDON REALTY, L.L.C. $119,000
Listed by ERA REARDON REALTY, L.L.C.
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1880
  • 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: 532
  • 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: 8,712
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 660
  • Total Building Area: 1,364
  • Building Area: 1,364
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,364
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SHOEMAKERS ADD
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 7 BLK 17 SHOEMAKER'S ADD

Neighborhood

  • School District Name: Jackson Public Schools
  • School Tax School District: 38170
  • Census Tract: 000800

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: MAPS 3-13
  • District: 50
  • Parcel: 3-086700000
  • Block: 17
  • Lot: 7
  • Municipality: JACKSON CITY
  • Latitude: 42.243
  • Longitude: -84.426

    Address

  • Full Address: 514 S Webster St
  • Legal Unit: 7
  • Address - House Number: 514
  • Street Direction: S
  • Address - Street Name: Webster
  • Address - Suffix Type: St
  • State: MI
  • City Name: Jackson
  • Carrier Code: C015
  • 4-Digit Zip Code: 1636
  • Zip Code: 49203

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $226,889
  • Tax Rate Code Area: 50

    Appraisal Valuation

  • Standard Deviation: 0.4727
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 5
  • Final Value: 107,625
  • High Value: 158,508
  • Low Value: 56,741

    Market Valuation

  • Market Total Value: $117,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $58,900

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 19, 2020
  • Current Sale Recording Date: Oct 30, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2863716
  • Previous Sale Recording Date: Jul 18, 2016
  • Previous Sale Contract Date: Jul 12, 2016
  • Previous Sale Amount: $95,000
  • 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

Rentals Near You

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MichRIC

Listed by: Jeff Windham, ERA REARDON REALTY, L.L.C.
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24032197
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 514 South Webster Street built and last sold?
The property at 514 South Webster Street was built in 1880 and last sold on Oct 19, 2020 for $113,500.
How much is this home worth?
The estimated value of the home located at 514 South Webster Street is $0.
What are some comparable homes to 514 South Webster Street?
There are currently no comparable homes to 514 South Webster Street.
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