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Jackson 49201
5365 Kline Drive
$200,000
● House - Off Market

5365 Kline Drive

Jackson, MI 49201
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,200 Ft²
$1,129
Est. Monthly
4.97%
Cap Rate

About This Property

Potential, potential, potential, and location, location, location is what you'll find when you look at this Gilletts lakefront home. Brand New Roof!! This 1,200-square-foot home features 2 bedrooms, an additional room for an office/den, or a possible third bedroom with a lake view. Formal living room with fabulous lake views, family room with fireplace, kitchen with stove and refrigerator, and one full bath. This property is connected to the township sewer. Includes the extra lot across the street with the oversized four-car garage and a storage area. Nice deck overlooking the water; buy it now and enjoy it this fall or this winter with your snowmobile or your ice fishing pole. The home is located off a private drive approximately a quarter mile from Donnely Road.
Unit Size
1,200 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$166
Property Type
House
Property Taxes
$151
HOA Dues
-
Year Built
1954

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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: 3 years ago (MichRIC MLS #23135367)

Price History

Date / Event Date Event Price
Dec 19, 2023 Sold
Premium
Sold
Sep 21, 2023 Listed by TOM SCHINDLER, REALTOR $199,000
Listed by TOM SCHINDLER, REALTOR

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 7
  • 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: 9
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,985
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 1,500
  • Total Building Area: 1,338
  • Building Area: 1,338
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,338
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JOHN BLANKS
  • Land Acres: 0000000344
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: COM AT THE CEN OF SEC 33 TH E ALG E&W 1/4 LN 845.17 FT TH N 923.18 FT TO SHORE LN OF GILLETTS LAKE TH N34?54'W ALG SD SHORE

Neighborhood

  • School District Name: Michigan Center School District
  • School Tax School District: 38120
  • Census Tract: 006001

Zoning

  • Zoning: R-1 ONE

Geography

  • Assessors Map Reference: MAPS
  • District: 07
  • Parcel: 000-09-33-251-008-01
  • Meridian: SEC 33 TWN 02S RNG 01E
  • Municipality: LEONI TWP
  • Latitude: 42.2577
  • Longitude: -84.3161

    Address

  • Full Address: 5365 Kline Dr
  • Address - House Number: 5365
  • Address - Street Name: Kline
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Jackson
  • Carrier Code: R014
  • 4-Digit Zip Code: 9808
  • Zip Code: 49201

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $104,662
  • Tax Rate Code Area: 7

    Appraisal Valuation

  • Standard Deviation: 0.111
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 88
  • Final Value: 243,349
  • High Value: 270,372
  • Low Value: 216,326

    Market Valuation

  • Market Total Value: $212,456

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $106,228

    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 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

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MichRIC

Listed by: Tom Schindler, TOM SCHINDLER, REALTOR
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 23135367
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 5365 Kline Drive built and last sold?
The property at 5365 Kline Drive was built in 1954 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 5365 Kline Drive is $200,259.
What are some comparable homes to 5365 Kline Drive?
There are currently no comparable homes to 5365 Kline Drive.
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