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Jackson 49201
5491 Clark Lake Road
$165,000
● House - Off Market

5491 Clark Lake Road

Jackson, MI 49201
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,332 Ft²
$1,171
Est. Monthly
16.27%
Cap Rate

About This Property

Home had flood and is being sold AS IS.
Unit Size
2,332 Ft²
Days on Market
-
Land Size
1.37 acres
Price per sqft
$86
Property Type
House
Property Taxes
$189
HOA Dues
-
Year Built
1952

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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 #23141852)

Price History

Date / Event Date Event Price
Feb 16, 2024 Sold
Premium
Sold
Nov 11, 2023 Listed by Five Star Real Estate-Jackson $199,900
Listed by Five Star Real Estate-Jackson
Jan 8, 2021 Sold
Premium
Sold
Dec 2, 2020 No longer available -
No longer available
Nov 11, 2020 Relisted $184,900
Relisted
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1991
  • Building Count: 3
  • 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: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 1,166
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 59,982
  • Lot Size Depth Feet: 3,000
  • Lot Size Frontage Feet: 2,000
  • Total Building Area: 2,332
  • Building Area: 2,332
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,332
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FOOTE & BENNETTS ADDITION
  • Land Acres: 0000001377
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: THE N 300 FT OF S 866 FT OF W 200 FT OF SW 1/4 OF NW 1/4 SEC 28 T3S R1E

Neighborhood

  • School District Name: Napoleon Community Schools
  • School Tax School District: 38130
  • Census Tract: 006201

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: MAPS L-28-10
  • District: 09
  • Parcel: 000-14-28-151-004-00
  • Meridian: SEC 28 TWN 03S RNG 01E
  • Municipality: NAPOLEON TWP
  • Latitude: 42.1843
  • Longitude: -84.3256

    Address

  • Full Address: 5491 Clark Lake Rd
  • Address - House Number: 5491
  • Address - Street Name: Clark Lake
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Jackson
  • Carrier Code: R029
  • 4-Digit Zip Code: 9288
  • Zip Code: 49201

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $145,404
  • Tax Rate Code Area: 9

    Appraisal Valuation

  • Standard Deviation: 0.111
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 88
  • Final Value: 200,084
  • High Value: 222,303
  • Low Value: 177,866

    Market Valuation

  • Market Total Value: $148,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $74,100

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 04, 2021
  • Current Sale Recording Date: Jan 08, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2869593
  • Previous Sale Recording Date: Sep 24, 2001
  • Previous Sale Contract Date: Sep 14, 2001
  • Previous Sale Amount: $25,000
  • 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

Currently no nearby rentals
MichRIC

Listed by: Jessica N Villarreal, Five Star Real Estate-Jackson
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 23141852
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 5491 Clark Lake Road built and last sold?
The property at 5491 Clark Lake Road was built in 1952 and last sold on Jan 4, 2021 for $165,000.
How much is this home worth?
The estimated value of the home located at 5491 Clark Lake Road is $205,698.
What are some comparable homes to 5491 Clark Lake Road?
There are currently no comparable homes to 5491 Clark Lake Road.
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