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Jackson 49202
623 Gilbert St Street
$160,000
● House - Off Market

623 Gilbert St Street

Jackson, MI 49202
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,248 Ft²
$861
Est. Monthly
18.22%
Cap Rate

About This Property

HIGHEST AND BEST DUE 3-16 @ 7 PM. Meticulously maintained ranch in a quiet neighborhood, just minutes from city amenities, shopping, parks, and more! This charming home features 3 spacious bedrooms and 1 full bath-all on one level- and perfect for comfortable living. Enjoy the extra-large fenced-in yard with a patio - ideal for entertaining, pets, or gardening. The oversized 2-car garage offers ample space for parking, storage, and a dedicated workspace, plus there's an additional shed for extra storage. Move-in ready with neutral decor throughout - simply unpack and enjoy! Don't miss this gem with room to grow both inside and out! Call for your private tour!
Unit Size
1,248 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$120
Property Type
House
Property Taxes
$124
HOA Dues
-
Year Built
1951

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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 #25009468)

Price History

Date / Event Date Event Price
Apr 15, 2025 Sold
Premium
Sold
Mar 18, 2025 In contract -
In contract
Mar 13, 2025 Listed by ERA Reardon Realty $149,900
Listed by ERA Reardon Realty
Oct 30, 2002 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 3
  • 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: 7
  • Garage Square Area: 768
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,028
  • Lot Size Depth Feet: 1,710
  • Lot Size Frontage Feet: 880
  • Total Building Area: 1,248
  • Building Area: 1,248
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,248
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ASSESORS CRARYS PLAT
  • Land Acres: 0000000345
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: 0765 S 22 FT OF LOT 119, ALL OF LOT 120 & N 11 FT OF LOT 121 ASSESSOR CRARY'S PLAT, EXC W 60 FT

Neighborhood

  • School District Name: Jackson Public Schools
  • School Tax School District: 38170
  • Census Tract: 000400

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: MAPS 8-13
  • District: 50
  • Parcel: 8-076400000
  • Lot: 119-121
  • Municipality: JACKSON CITY
  • Latitude: 42.258
  • Longitude: -84.3868

    Address

  • Full Address: 623 Gilbert St
  • Address - House Number: 623
  • Address - Street Name: Gilbert
  • Address - Suffix Type: St
  • State: MI
  • City Name: Jackson
  • Carrier Code: C006
  • 4-Digit Zip Code: 3535
  • Zip Code: 49202

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $117,122
  • Tax Rate Code Area: 50

    Appraisal Valuation

  • Standard Deviation: 0.2514
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 64
  • Final Value: 127,134
  • High Value: 159,108
  • Low Value: 95,160

    Market Valuation

  • Market Total Value: $89,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $44,900

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 09, 2002
  • Current Sale Recording Date: Oct 30, 2002
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2264680
  • Previous Sale Recording Date: Oct 14, 2002
  • Previous Sale Contract Date: Oct 09, 2002
  • Previous Sale Amount: $85,000
  • 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:

$148,900

Sale Price/ft²

$113

Below Asking

0.03%

Average Days on Market

57

Average Home Size

1484 ft²

Average Home Age

98.2 years

Currently For Sale

117 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: Michelle Epperly, ERA Reardon Realty
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25009468
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 623 Gilbert Street built and last sold?
The property at 623 Gilbert Street was built in 1951 and last sold on Oct 9, 2002 for $85,000.
How much is this home worth?
The estimated value of the home located at 623 Gilbert Street is $150,984.
What are some comparable homes to 623 Gilbert Street?
There are currently no comparable homes to 623 Gilbert Street.
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