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Jackson 49202
540 Fern Avenue
$190,000
● House - Off Market

540 Fern Avenue

Jackson, MI 49202
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,598 Ft²
$1,160
Est. Monthly
10.82%
Cap Rate

About This Property

An absolute GEM!!! One story home completely updated. Brand new roof and vinyl windows! New kitchen with Granite counters and soft close cabinets along with a new stainless steel appliance package!  New bathroom with new tub/ surround and beautiful large vanity. There are two bedrooms on the main level and one in the lower level. The basement is finished and has all new electrical and plumbing. There is a new Water heater, furnace and air-conditioning unit for a maintenance free home for years to come.  New paint and flooring throughout.  Very nice deck on the back of the home off the new sliding glass door. Has a very large garage and a large extra lot to the south. new blown and rolled insulation in large walk up attic (Extra Lot 67, Tax ID#000-08-32-436-024-00)
Unit Size
1,598 Ft²
Days on Market
35 days
Land Size
0.17 acres
Price per sqft
$119
Property Type
House
Property Taxes
$226
HOA Dues
-
Year Built
-

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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 #25043403)

Price History

Date / Event Date Event Price
Sep 30, 2025 Sold
Premium
Sold
Sep 8, 2025 In contract -
In contract
Aug 26, 2025 Listed by ERA REARDON REALTY, L.L.C. $190,000
Listed by ERA REARDON REALTY, L.L.C.
Feb 13, 2019 Sold
Premium
Sold
Nov 9, 1999 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 34
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,269
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: ARDON SUBDIVISION
  • Land Acres: 0000000098
  • Standard Land Use Code: 8001
  • County Land Use Code: 402
  • Legal Description 1: LOT 67 ARDON SUBDIVISION

Neighborhood

  • School District Name: Jackson Public Schools
  • School Tax School District: 38170
  • Census Tract: 005502

Zoning

  • Zoning: C-1

Geography

  • Assessors Map Reference: MAPS
  • District: 01
  • Parcel: 000-08-32-436-024-00
  • Lot: 67
  • Municipality: BLACKMAN TWP
  • Latitude: 42.2541
  • Longitude: -84.4413

    Address

  • Full Address: 540 Fern Ave
  • Legal Unit: 67
  • Address - House Number: 540
  • Address - Street Name: Fern
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Jackson
  • Carrier Code: C010
  • 4-Digit Zip Code: 3942
  • Zip Code: 49202

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $15,411
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 1

    Market Valuation

  • Market Total Value: $7,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,700

    Sales

  • Current Sale Contract Date: Jan 31, 2019
  • Current Sale Recording Date: Feb 13, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2815005
  • Previous Sale Recording Date: Nov 09, 1999
  • Previous Sale Contract Date: Oct 28, 1999
  • Previous Sale Amount: $45,000
  • 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

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MichRIC

Listed by: RICH COOK, ERA REARDON REALTY, L.L.C.
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25043403
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 540 Fern Avenue built and last sold?
The property at 540 Fern Avenue was built in and last sold on Jan 31, 2019 for $45,000.
How much is this home worth?
The estimated value of the home located at 540 Fern Avenue is $0.
What are some comparable homes to 540 Fern Avenue?
There are currently no comparable homes to 540 Fern Avenue.
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