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Jackson 49203
607 Falahee Road
$119,900
● House - Off Market

607 Falahee Road

Jackson, MI 49203
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,344 Ft²
$719
Est. Monthly
20.71%
Cap Rate

About This Property

Are you looking for an affordable home with lots of space and some room for sweat equity?  This home just might be the one if so!  It features 3 bedrooms (one currently used as a laundry room), 2 full baths, nice large living room, new roof 2024, huge corner lot, full basement, and so much more!
Unit Size
1,344 Ft²
Days on Market
-
Land Size
0.77 acres
Price per sqft
$89
Property Type
House
Property Taxes
$130
HOA Dues
-
Year Built
1979

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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 #24059187)

Price History

Date / Event Date Event Price
Dec 20, 2024 Sold
Premium
Sold
Nov 15, 2024 In contract -
In contract
Nov 13, 2024 Listed by Five Star Real Estate-Jackson $119,900
Listed by Five Star Real Estate-Jackson

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 1,344
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 33,672
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 2,550
  • Total Building Area: 1,344
  • Building Area: 1,344
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,344
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FAIRVIEW HEIGHTS
  • Land Acres: 0000000773
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: BEG AT W 1/4 POST OF SEC 5 TH S88?35'E ALG E&W 1/4 LN 33 FT TO E LN OF FALAHEE RD TH N0?54 1/2'W ALG E LN OF SD RD 1294.11 FT

Neighborhood

  • School District Name: Michigan Center School District
  • School Tax School District: 38120
  • Census Tract: 006101

Zoning

  • Zoning: R-1 ONE

Geography

  • Assessors Map Reference: MAPS
  • District: 07
  • Parcel: 000-14-05-151-010-00
  • Lot: 100
  • Meridian: SEC 05 TWN 03S RNG 01E
  • Municipality: LEONI TWP
  • Latitude: 42.2437
  • Longitude: -84.3465

    Address

  • Full Address: 607 N Falahee Rd
  • Legal Unit: 100
  • Address - House Number: 607
  • Street Direction: N
  • Address - Street Name: Falahee
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Jackson
  • Carrier Code: C012
  • 4-Digit Zip Code: 2315
  • Zip Code: 49203

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $90,200
  • Tax Rate Code Area: 7

    Appraisal Valuation

  • Standard Deviation: 0.2514
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 64
  • Final Value: 209,382
  • High Value: 262,041
  • Low Value: 156,723

    Market Valuation

  • Market Total Value: $183,098

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $91,549

    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

Currently no nearby rentals
MichRIC

Listed by: Jessica N Villarreal, Five Star Real Estate-Jackson
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24059187
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 607 North Falahee Road built and last sold?
The property at 607 North Falahee Road was built in 1979 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 607 North Falahee Road is $125,108.
What are some comparable homes to 607 North Falahee Road?
There are currently no comparable homes to 607 North Falahee Road.
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