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Vandercook Lake 49203
5277 Kay Drive
$150,000
● House - Off Market

5277 Kay Drive

Jackson, MI 49203
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,348 Ft²
$921
Est. Monthly
15.93%
Cap Rate

About This Property

Welcome to your new home in the heart of Vandercook Lake! Located on just under an acre of beautifully landscaped property, this 3-bedroom home offers the perfect blend of comfort and space. Featuring an oversized living room. An open kitchen features an eating bar and a dedicated dining area. You'll love the heated flooring between the sink and stove, a thoughtful touch for comfort while cooking. The large bathroom has heated floors and ample storage. New carpet throughout. This home is ready for your personal touch. Detached 1.5-car garage and a huge yard with mature landscaping. Call me today for your private showing.
Unit Size
1,348 Ft²
Days on Market
24 days
Land Size
0.94 acres
Price per sqft
$122
Property Type
House
Property Taxes
$111
HOA Dues
-
Year Built
1955

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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: 2 years ago (MichRIC MLS #25023080)

Price History

Date / Event Date Event Price
Jun 13, 2025 Sold
Premium
Sold
May 29, 2025 In contract -
In contract
May 19, 2025 Listed by RE/MAX MID-MICHIGAN R.E. $164,900
Listed by RE/MAX MID-MICHIGAN R.E.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • 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: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • 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: 41,121
  • Lot Size Depth Feet: 2,350
  • Lot Size Frontage Feet: 1,750
  • Total Building Area: 1,348
  • Building Area: 1,348
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,348
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BARNETT SUBDIVISION
  • Land Acres: 0000000944
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 37 BARNETT SUBDIVISION

Neighborhood

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

Zoning

  • Zoning: RS2

Geography

  • Assessors Map Reference: MAPS
  • District: 17
  • Parcel: 080-13-26-252-046-00
  • Lot: 37
  • Municipality: SUMMIT TWP
  • Latitude: 42.1863
  • Longitude: -84.3912

    Address

  • Full Address: 5277 Kay Dr
  • Legal Unit: 37
  • Address - House Number: 5277
  • Address - Street Name: Kay
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Jackson
  • Carrier Code: C045
  • 4-Digit Zip Code: 5950
  • Zip Code: 49203

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $80,242
  • Tax Rate Code Area: 17

    Appraisal Valuation

  • Standard Deviation: 0.2514
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 64
  • Final Value: 164,960
  • High Value: 206,447
  • Low Value: 123,473

    Market Valuation

  • Market Total Value: $114,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $57,200

    Exemptions

  • Homeowner Exemption: Yes
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

Rentals Near You

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MichRIC

Listed by: RHONDA S APPLEGATE, RE/MAX MID-MICHIGAN R.E.
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25023080
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 5277 Kay Drive built and last sold?
The property at 5277 Kay Drive was built in 1955 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 5277 Kay Drive is $168,652.
What are some comparable homes to 5277 Kay Drive?
There are currently no comparable homes to 5277 Kay Drive.
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