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Jackson 49203
516 Heyser Street
$205,000
● House - Off Market

516 Heyser Street

Jackson, MI 49203
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,838 Ft²
$195,504
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

Exceptionally well-maintained ranch-styled home near Ella Sharp Park and Falling Water paved walking/bicycling path.  Some recent improvements include new roof shingles (2017), central air (2022), upgraded electrical, replacement windows, wired for surround sound, and a high vinyl privacy fence.  Includes recently renovated basement with 2nd full bath.  Some hardwood floors.
Unit Size
1,838 Ft²
Days on Market
45 days
Land Size
0.26 acres
Price per sqft
$106
Property Type
House
Property Taxes
$187
HOA Dues
-
Year Built
1953

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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: 7 months ago (MichRIC MLS #23007999)

Price History

Date / Event Date Event Price
May 4, 2023 Sold
Premium
Sold
Mar 17, 2023 Listed by Howard Hanna Real Estate $194,000
Listed by Howard Hanna Real Estate
Sep 12, 2006 Sold
Premium
Sold
Nov 20, 2002 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 3
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 864
  • Garage Type: 7
  • Garage Square Area: 280
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,369
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 860
  • Total Building Area: 1,038
  • Building Area: 1,038
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,038
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COLFAX ADD
  • Land Acres: 0000000261
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: E 54.25 FT OF LOT 8 & W 31.75 FT OF LOT 10 BLK 2 COLFAX 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 3-48
  • District: 50
  • Parcel: 3-3198.2000
  • Block: 2
  • Lot: 8,10
  • Municipality: JACKSON CITY
  • Latitude: 42.224
  • Longitude: -84.4167

    Address

  • Full Address: 516 Heyser St
  • Legal Unit: 8,10
  • Address - House Number: 516
  • Address - Street Name: Heyser
  • Address - Suffix Type: St
  • State: MI
  • City Name: Jackson
  • Carrier Code: C020
  • 4-Digit Zip Code: 4524
  • Zip Code: 49203

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $192,343
  • Tax Rate Code Area: 50

    Appraisal Valuation

  • Standard Deviation: 0.1089
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 89
  • Final Value: 195,140
  • High Value: 216,393
  • Low Value: 173,886

    Market Valuation

  • Market Total Value: $123,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $61,700

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 01, 2006
  • Current Sale Recording Date: Sep 12, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2452121
  • Previous Sale Recording Date: Nov 20, 2002
  • Previous Sale Contract Date: Nov 08, 2002
  • Previous Sale Amount: $113,500
  • Previous Sale Document Type: 40
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: WILLIAM H WHITE, Howard Hanna Real Estate
Last Updated: 7 months ago
Data Source: MichRIC, MLS# 23007999
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 516 Heyser Street built and last sold?
The property at 516 Heyser Street was built in 1953 and last sold on Sep 1, 2006 for $123,500.
How much is this home worth?
The estimated value of the home located at 516 Heyser Street is $196,681.
What are some comparable homes to 516 Heyser Street?
There are currently no comparable homes to 516 Heyser Street.
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