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Jackson 49202
535 Gregory Place
$165,000
● House - Off Market

535 Gregory Place

Jackson, MI 49202
bedrooms
3 Beds
bathrooms
1 Bath
square feet
939 Ft²
$985
Est. Monthly
15.14%
Cap Rate

About This Property

Meticulously Maintained Home with Modern Updates! This move-in ready property boasts a 2021 addition, 2023 insulation upgrades (exterior walls, rim joists, and crawlspace), and an additional finished bedroom with an egress in the basement. Kitchen features a new refrigerator (2022) and stove (2024). Oversized garage (built in 1996) offers ample space for two cars plus a workshop. Recent improvements include a 2023 concrete driveway with expansion, a sidewalk ramp, gutter covers, and downspouts. Additional updates: new sump pump and pressure tank (2019), garage doors (2020), and water softener (2023). Clean, well-maintained, and ready for you to move in!
Unit Size
939 Ft²
Days on Market
-
Land Size
0.49 acres
Price per sqft
$181
Property Type
House
Property Taxes
$150
HOA Dues
-
Year Built
1960

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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: 2 years ago (MichRIC MLS #24063877)

Price History

Date / Event Date Event Price
Jan 27, 2025 Sold
Premium
Sold
Jan 7, 2025 In contract -
In contract
Dec 26, 2024 Listed by Sproat Realty Professionals-J $170,000
Listed by Sproat Realty Professionals-J
Aug 7, 2019 Sold
Premium
Sold
May 16, 2019 Listed by Sproat Realty Professionals-J $115,000
Listed by Sproat Realty Professionals-J

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 720
  • Garage Type: 7
  • Garage Square Area: 672
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,257
  • Lot Size Depth Feet: 1,800
  • Lot Size Frontage Feet: 1,180
  • Total Building Area: 816
  • Building Area: 816
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 816
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GREGORY HEIGHTS
  • Land Acres: 0000000488
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOTS 36 AND 37 GREGORY HEIGHTS SEC 30 T2S R1E

Neighborhood

  • School District Name: East Jackson Community Schools
  • School Tax School District: 38090
  • Census Tract: 006001

Zoning

  • Zoning: R-1 ONE

Geography

  • Assessors Map Reference: MAPS
  • District: 07
  • Parcel: 000-09-30-306-004-00
  • Lot: 36-37
  • Meridian: SEC 30 TWN 02S RNG 01E
  • Municipality: LEONI TWP
  • Latitude: 42.2646
  • Longitude: -84.3615

    Address

  • Full Address: 535 Gregory Pl
  • Address - House Number: 535
  • Address - Street Name: Gregory
  • Address - Suffix Type: Pl
  • State: MI
  • City Name: Jackson
  • Carrier Code: C017
  • 4-Digit Zip Code: 2607
  • Zip Code: 49202

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $119,621
  • Tax Rate Code Area: 7

    Appraisal Valuation

  • Standard Deviation: 0.2451
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 65
  • Final Value: 152,324
  • High Value: 189,659
  • Low Value: 114,989

    Market Valuation

  • Market Total Value: $124,026

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $62,013

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 31, 2019
  • Current Sale Recording Date: Aug 07, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2828979
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: SUSAN M MOHLMAN, Sproat Realty Professionals-J
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24063877
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 535 Gregory Place built and last sold?
The property at 535 Gregory Place was built in 1960 and last sold on Jul 31, 2019 for $110,000.
How much is this home worth?
The estimated value of the home located at 535 Gregory Place is $168,841.
What are some comparable homes to 535 Gregory Place?
There are currently no comparable homes to 535 Gregory Place.
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