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Vandercook Lake 49203
517 Cass Avenue
$141,000
● House - Off Market

517 Cass Avenue

Jackson, MI 49203
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,351 Ft²
$140,135
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

This well cared for home is ready for its new owners! On the main level, you'll find the kitchen with eat-in space, and a large living room off the front porch that also has a sitting/den area.  Other main level features include the primary bedroom, full bathroom, and laundry area.  The second bedroom can be found on the upper level, along with an additional room that could be used as an office, walk-in closet, or potentially even a 3rd, smaller bedroom.  The basement provides tons of storage. Outside you'll find a 2 car garage as well as a screened and covered sitting area in the backyard. This one won't last long, so call today for your private tour!
Unit Size
1,351 Ft²
Days on Market
60 days
Land Size
0.14 acres
Price per sqft
$104
Property Type
House
Property Taxes
$114
HOA Dues
-
Year Built
1938

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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: 10 months ago (MichRIC MLS #23013493)

Price History

Date / Event Date Event Price
Jun 30, 2023 Sold
Premium
Sold
May 1, 2023 Listed by ERA REARDON REALTY, L.L.C. $139,900
Listed by ERA REARDON REALTY, L.L.C.
Jul 11, 2018 Sold
Premium
Sold
Jan 17, 2017 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1938
  • Effective Year Built: 1938
  • 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: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 828
  • Garage Type: 7
  • Garage Square Area: 624
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,011
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 600
  • Total Building Area: 828
  • Building Area: 828
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 828
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GOLFSIDE EXTENSION
  • Land Acres: 0000000138
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: E 1/2 OF LOT 77 AND ENTIRE LOT 78 GOLFSIDE EXTENSION

Neighborhood

  • School District Name: Vandercook Lake Public Schools
  • School Tax School District: 38020
  • Census Tract: 005100

Zoning

  • Zoning: RU1

Geography

  • Assessors Map Reference: MAPS
  • District: 17
  • Parcel: 200-13-23-180-057-00
  • Lot: 77-78
  • Municipality: SUMMIT TWP
  • Latitude: 42.1979
  • Longitude: -84.3961

    Address

  • Full Address: 517 Cass Ave
  • Legal Unit: 77,78
  • Address - House Number: 517
  • Address - Street Name: Cass
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Jackson
  • Carrier Code: C047
  • 4-Digit Zip Code: 5703
  • Zip Code: 49203

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $91,464
  • Initial Tax Delinquent Year: 2014
  • Tax Rate Code Area: 17

    Appraisal Valuation

  • Standard Deviation: 0.1097
  • Valuation Date: Nov 22, 2023
  • Confidence Score: 88
  • Final Value: 137,321
  • High Value: 152,393
  • Low Value: 122,249

    Market Valuation

  • Market Total Value: $93,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $46,900

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 23, 2018
  • Current Sale Recording Date: Jul 11, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2800961
  • Previous Sale Recording Date: Jan 17, 2017
  • Previous Sale Contract Date: Jan 11, 2017
  • Previous Sale Amount: $32,000
  • Previous Sale Document Type: 55
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 Vandercook Lake

Stats & Trends

Median Asking:

$209,950

Sale Price/ft²

$132

Below Asking

0.03%

Average Days on Market

52

Average Home Size

2005 ft²

Average Home Age

54.6 years

Currently For Sale

10 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

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MichRIC

Listed by: Mike Kanser, ERA REARDON REALTY, L.L.C.
Last Updated: 10 months ago
Data Source: MichRIC, MLS# 23013493
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 517 Cass Avenue built and last sold?
The property at 517 Cass Avenue was built in 1938 and last sold on Jun 23, 2018 for $60,000.
How much is this home worth?
The estimated value of the home located at 517 Cass Avenue is $142,170.
What are some comparable homes to 517 Cass Avenue?
There are currently no comparable homes to 517 Cass Avenue.
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