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Jackson 49240
5972 FAIRLANE DR
$38,100
● House - Off Market

5972 FAIRLANE DR

Grass Lake, MI 49240
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,404 Ft²
$63,290
RealtyHop Estimate
66.55%
Since Mar 1, 2017
National-US
Primary Model

About This Property

Large manufactured home on a full walkout basement. Large deck overlooks lake behind home. Open floor plan. Property offers many possibilities.
Unit Size
1,404 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$27
Property Type
House
Property Taxes
$125
HOA Dues
-
Year Built
1997

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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 #21074605)

Price History

Date / Event Date Event Price
Feb 28, 2017 Sold
Premium
Sold
Nov 25, 2016 Listed by EXIT REALTY 1ST LLC $38,000
Listed by EXIT REALTY 1ST LLC
Dec 18, 2015 Sold
Premium
Sold

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 45
  • 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: 1,404
  • Garage Type: 7
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,979
  • Lot Size Depth Feet: 1,600
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,404
  • Building Area: 1,404
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,404
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MORTON MANOR MOBILE HOMES SUBD
  • Land Acres: 0000000275
  • Standard Land Use Code: 1006
  • County Land Use Code: 401
  • Mobile Home Indicator: T
  • Legal Description 1: LOT 9 MORTON MANOR MOBILE HOMES SUBD SEC 11 T2S R1E

Neighborhood

  • School District Name: East Jackson Community Schools
  • School Tax School District: 38090
  • Census Tract: 006702

Zoning

  • Zoning: RM MOBI

Geography

  • Assessors Map Reference: MAPS
  • District: 07
  • Parcel: 000-09-11-103-010-00
  • Lot: 9
  • Meridian: SEC 11 TWN 02S RNG 01E
  • Municipality: LEONI TWP
  • Latitude: 42.3188
  • Longitude: -84.2876

    Address

  • Full Address: 5972 Fairlane Dr
  • Legal Unit: 9
  • Address - House Number: 5972
  • Address - Street Name: Fairlane
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Grass Lake
  • Carrier Code: R042
  • 4-Digit Zip Code: 9562
  • Zip Code: 49240

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $76,899
  • Tax Rate Code Area: 7

    Appraisal Valuation

  • Standard Deviation: 0.2418
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 66
  • Final Value: 93,627
  • High Value: 116,269
  • Low Value: 70,985

    Market Valuation

  • Market Total Value: $66,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $33,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 09, 2015
  • Current Sale Recording Date: Dec 18, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 64
  • Current Sale Input Document Number: 2727489
  • Previous Sale Recording Date: Nov 19, 1998
  • Previous Sale Contract Date: Nov 19, 1998
  • Previous Sale Document Type: 55
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:

$234,900

Sale Price/ft²

$145

Below Asking

0.03%

Average Days on Market

55

Average Home Size

1875 ft²

Average Home Age

74.7 years

Currently For Sale

417 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

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: EDWARD J KERLEY, EXIT REALTY 1ST LLC
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21074605
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 5972 Fairlane Drive built and last sold?
The property at 5972 Fairlane Drive was built in 1997 and last sold on Dec 9, 2015 for $82,400.
How much is this home worth?
The estimated value of the home located at 5972 Fairlane Drive is $0.
What are some comparable homes to 5972 Fairlane Drive?
There are currently no comparable homes to 5972 Fairlane Drive.
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