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Jackson 49202
531 NEWELL AVE
$29,759
● House - Off Market

531 NEWELL AVE

Jackson, MI 49202
bedrooms
3 Beds
bathrooms
1 Bath
square feet
960 Ft²
$56,236
RealtyHop Estimate
90.63%
Since Apr 1, 2014
National-US
Primary Model
Unit Size
960 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$31
Property Type
House
Property Taxes
$60
HOA Dues
-
Year Built
1958

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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: 3 years ago (MichRIC MLS #21087624)

Price History

Date / Event Date Event Price
Apr 19, 2021 Sold
Premium
Sold
Mar 16, 2021 Listed by RE/MAX MID-MICHIGAN-BROOKLYN $125,000
Listed by RE/MAX MID-MICHIGAN-BROOKLYN
Apr 12, 2017 Sold
Premium
Sold
Dec 29, 2016 Listed by RE/MAX MID-MICHIGAN-BROOKLYN $89,900
Listed by RE/MAX MID-MICHIGAN-BROOKLYN
Mar 5, 2014 Sold
Premium
Sold
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Bedroom Count: 0
  • 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 Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,979
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 960
  • Building Area: 960
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 960
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WOODWORTH ADD
  • Land Acres: 0000000275
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOTS 33 AND 34 WOODWORTH ADDITION

Neighborhood

  • School District Name: Northwest School District
  • School Tax School District: 38140
  • Census Tract: 005700

Zoning

  • Zoning: RU-1

Geography

  • Assessors Map Reference: MAPS
  • District: 01
  • Parcel: 000-08-22-379-008-00
  • Lot: 33-34
  • Municipality: BLACKMAN TWP
  • Latitude: 42.2768
  • Longitude: -84.4157

    Address

  • Full Address: 531 Newell Ave
  • Address - House Number: 531
  • Address - Street Name: Newell
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Jackson
  • Carrier Code: C012
  • 4-Digit Zip Code: 1626
  • Zip Code: 49202

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $64,420
  • Tax Rate Code Area: 1

    Appraisal Valuation

  • Standard Deviation: 0.27
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 61
  • Final Value: 132,376
  • High Value: 168,130
  • Low Value: 96,622

    Market Valuation

  • Market Total Value: $89,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $44,500

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 13, 2021
  • Current Sale Recording Date: Apr 19, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2880766
  • Previous Sale Recording Date: Apr 12, 2017
  • Previous Sale Contract Date: Apr 07, 2017
  • Previous Sale Amount: $87,000
  • 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:

$233,000

Sale Price/ft²

$145

Below Asking

0.03%

Average Days on Market

55

Average Home Size

1889 ft²

Average Home Age

74.5 years

Currently For Sale

414 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: STONEY R GREEN, RE/MAX MID-MICHIGAN-BROOKLYN
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21087624
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 531 Newell Avenue built and last sold?
The property at 531 Newell Avenue was built in 1958 and last sold on Apr 13, 2021 for $120,000.
How much is this home worth?
The estimated value of the home located at 531 Newell Avenue is $0.
What are some comparable homes to 531 Newell Avenue?
There are currently no comparable homes to 531 Newell Avenue.
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