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Jackson 49203
583 RUTLEDGE
$100,000
● House - Off Market

583 RUTLEDGE

Jackson, MI 49203
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,594 Ft²
$186,182
RealtyHop Estimate
77.49%
Since Sep 1, 2015
National-US
Primary Model

About This Property

Sellers are the original owners in this well kept home in desirable Westchester subdivision, centrally located in Summit Township.   Relax in a screened in porch with views of a beautiful, large backyard. Partially finished basement with large rec room and full bath, along with a large storage area.  Seller is providing a home warranty.  If buyers desire, there are wood floors underneath carpet.  Great starter home or retirement home!
Unit Size
1,594 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$66
Property Type
House
Property Taxes
$113
HOA Dues
-
Year Built
1961

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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 #21060831)

Price History

Date / Event Date Event Price
Apr 2, 2018 Sold
Premium
Sold
Dec 11, 2017 Listed by ERA REARDON REALTY, L.L.C. $140,000
Listed by ERA REARDON REALTY, L.L.C.
Sep 2, 2015 Sold
Premium
Sold
Jul 13, 2015 Listed by ERA REARDON REALTY, L.L.C. $104,900
Listed by ERA REARDON REALTY, L.L.C.

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 9
  • Basement Area: 1,008
  • Garage Type: 7
  • Garage Square Area: 456
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,720
  • Lot Size Depth Feet: 1,650
  • Lot Size Frontage Feet: 770
  • Total Building Area: 1,008
  • Building Area: 1,008
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,008
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WESTCHESTER SUBDIVISION
  • Land Acres: 0000000292
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 29 WESTCHESTER SUBDIVISION

Neighborhood

  • School District Name: Jackson Public Schools
  • School Tax School District: 38170
  • Census Tract: 005301

Zoning

  • Zoning: RS2

Geography

  • Assessors Map Reference: MAPS
  • District: 17
  • Parcel: 605-13-06-278-030-00
  • Lot: 29
  • Municipality: SUMMIT TWP
  • Latitude: 42.2417
  • Longitude: -84.4638

    Address

  • Full Address: 583 Rutledge St
  • Legal Unit: 29
  • Address - House Number: 583
  • Address - Street Name: Rutledge
  • Address - Suffix Type: St
  • State: MI
  • City Name: Jackson
  • Carrier Code: C041
  • 4-Digit Zip Code: 1153
  • Zip Code: 49203

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $157,882
  • Tax Rate Code Area: 17

    Appraisal Valuation

  • Standard Deviation: 0.2337
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 67
  • Final Value: 200,527
  • High Value: 247,395
  • Low Value: 153,659

    Market Valuation

  • Market Total Value: $152,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $76,200

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 23, 2018
  • Current Sale Recording Date: Apr 02, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2792677
  • Previous Sale Recording Date: Sep 02, 2015
  • Previous Sale Contract Date: Aug 28, 2015
  • Previous Sale Amount: $100,000
  • 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: Alicia Dickens, ERA REARDON REALTY, L.L.C.
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21060831
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 583 Rutledge Street built and last sold?
The property at 583 Rutledge Street was built in 1961 and last sold on Mar 23, 2018 for $136,000.
How much is this home worth?
The estimated value of the home located at 583 Rutledge Street is $147,034.
What are some comparable homes to 583 Rutledge Street?
There are currently no comparable homes to 583 Rutledge Street.
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