For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Jackson 49203
515 W MORRELL ST
$65,000
● House - Off Market

515 W MORRELL ST

Jackson, MI 49203
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,503 Ft²
$102,949
RealtyHop Estimate
58.63%
Since Dec 1, 2017
National-US
Primary Model
Unit Size
1,503 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$43
Property Type
House
Property Taxes
$119
HOA Dues
-
Year Built
1925

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #21055162)

Price History

Date / Event Date Event Price
Apr 27, 2021 Sold
Premium
Sold
Mar 15, 2021 Listed by GOOD EARTH REAL ESTATE, LLC $94,900
Listed by GOOD EARTH REAL ESTATE, LLC
Nov 27, 2017 Sold
Premium
Sold
Nov 20, 2017 Listed by GOOD EARTH REAL ESTATE, LLC $64,900
Listed by GOOD EARTH REAL ESTATE, LLC

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • 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: 624
  • Garage Type: 7
  • Garage Square Area: 240
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,093
  • Lot Size Depth Feet: 600
  • Lot Size Frontage Feet: 518
  • Total Building Area: 1,303
  • Building Area: 1,303
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,303
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FT HAMILTONS SUB
  • Land Acres: 0000000071
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 2 EX S 50 FT HAMILTON'S SUB DIV OF BLK 2 EATON WEBSTER & HARWOOD'S ADD

Neighborhood

  • School District Name: Jackson Public Schools
  • School Tax School District: 38170
  • Census Tract: 000900

Zoning

  • Zoning: R-2

Geography

  • Assessors Map Reference: MAPS 3-28
  • District: 50
  • Parcel: 3-205200000
  • Block: 2
  • Lot: 2
  • Municipality: JACKSON CITY
  • Latitude: 42.24
  • Longitude: -84.417

    Address

  • Full Address: 515 W Morrell St
  • Legal Unit: 2
  • Address - House Number: 515
  • Street Direction: W
  • Address - Street Name: Morrell
  • Address - Suffix Type: St
  • State: MI
  • City Name: Jackson
  • Carrier Code: C042
  • 4-Digit Zip Code: 1750
  • Zip Code: 49203

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $136,373
  • Tax Rate Code Area: 50

    Appraisal Valuation

  • Standard Deviation: 0.2659
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 62
  • Final Value: 114,855
  • High Value: 145,404
  • Low Value: 84,306

    Market Valuation

  • Market Total Value: $66,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $33,200

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 16, 2021
  • Current Sale Recording Date: Apr 27, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2882079
  • Previous Sale Recording Date: Nov 27, 2017
  • Previous Sale Contract Date: Nov 20, 2017
  • Previous Sale Amount: $65,000
  • 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 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: CHRISTOPHER SPICER, GOOD EARTH REAL ESTATE, LLC
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21055162
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 515 West Morrell Street built and last sold?
The property at 515 West Morrell Street was built in 1925 and last sold on Apr 16, 2021 for $105,000.
How much is this home worth?
The estimated value of the home located at 515 West Morrell Street is $0.
What are some comparable homes to 515 West Morrell Street?
There are currently no comparable homes to 515 West Morrell Street.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Jackson Homes for Sale
Jackson Houses for Sale
Jackson Condos for Sale
Jackson Multifamily for Sale
Jackson Land for Sale
Jackson Commercial for Sale
Jackson Homes with Basements
Jackson Homes with Pools
Nearby Cities
Michigan Center Homes for Sale
Vandercook Lake Homes for Sale
Nearby Property Records
Jackson County, MI Property Records
Hillsdale County, MI Property Records
Ingham County, MI Property Records
Washtenaw County, MI Property Records
Eaton County, MI Property Records
Calhoun County, MI Property Records
Lenawee County, MI Property Records
Livingston County, MI Property Records
Nearby Counties
Summit Homes for Sale
Leoni Homes for Sale
Blackman Homes for Sale
Napoleon Homes for Sale
Top Real Estate Agents
Top Agents in Jackson
Top Agents in 49201
Top Agents in 49203
Top Agents in Summit
Top Agents in 49202
Top Agents in Leoni
Top Agents in Blackman
Top Agents in Napoleon