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Jackson 49283
6395 Carter Road
$304,000
● Land - Off Market

6395 Carter Road

Spring Arbor, MI 49283
bedrooms
Studio
bathrooms
0 Bath
$1,767
Est. Monthly
2.41%
Cap Rate

About This Property

OVER 65 ACRE PARCEL - Western Jackson County, Spring Arbor Township Western Schools - Field, tillable (approx 8 acres), woods, pond and 73 x 57 ''Big Red Barn''; wooden barn with lofts, several stables & sliding doors. Backs to FALLING WATER TRAIL! Pond with aeriator & stocked with large mouth bass & catfish. Well established lane from road to rear of property to approximate 1/2 mile track (originally created for harness racing).  Possible home site, recreation, great hunting, plant your own crops, rent for crops...options galore! This property has it all!   Few parcels of this sort currently on the market. By appointment only.
Unit Size
-
Days on Market
49 days
Land Size
65.39 acres
Price per sqft
-
Property Type
Land
Property Taxes
$171
HOA Dues
-
Year Built
-

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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: 8 months ago (MichRIC MLS #24021509)

Price History

Date / Event Date Event Price
Jun 20, 2024 Sold
Premium
Sold
May 29, 2024 In contract -
In contract
May 2, 2024 Listed by RE/MAX MID-MICHIGAN R.E. $325,000
Listed by RE/MAX MID-MICHIGAN R.E.
Apr 21, 1998 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 10
  • Construction Type: 0
  • Building Style: 0
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,848,388
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000065390
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: BEING A PART OF THE W 1/2 OF THE NE 1/4, LYING S OF CARTER RD, AND PART OF THE W 1/2 OF THE SE 1/4, LYING N OF TE ABANDONED

Neighborhood

  • School District Name: Western School District
  • School Tax School District: 38010
  • Census Tract: 005400

Zoning

  • Zoning: AG-1

Geography

  • Assessors Map Reference: MAPS
  • District: 15
  • Parcel: 000-12-22-251-001-08
  • Meridian: SEC 22 TWN 03S RNG 02W
  • Municipality: SPRING ARBOR TWP
  • Latitude: 42.2005
  • Longitude: -84.5284

    Address

  • Full Address: 6395 Carter Rd
  • Address - House Number: 6395
  • Address - Street Name: Carter
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Spring Arbor
  • Carrier Code: R081
  • 4-Digit Zip Code: 9713
  • Zip Code: 49283

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $127,983
  • Tax Rate Code Area: 15

    Appraisal Valuation

  • Standard Deviation: 0.1089
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 89
  • Final Value: 49,216
  • High Value: 54,577
  • Low Value: 43,856

    Market Valuation

  • Market Total Value: $262,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $131,200

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 21, 1998
  • Current Sale Recording Date: Apr 21, 1998
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Mar 26, 1998
  • Previous Sale Contract Date: Mar 26, 1998
  • Previous Sale Document Type: 27
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: DEBBIE CROWNOVER, RE/MAX MID-MICHIGAN R.E.
Last Updated: 8 months ago
Data Source: MichRIC, MLS# 24021509
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 6395 Carter Road built and last sold?
The property at 6395 Carter Road was built in and last sold on Apr 21, 1998 for $185,000.
How much is this home worth?
The estimated value of the home located at 6395 Carter Road is $0.
What are some comparable homes to 6395 Carter Road?
There are currently no comparable homes to 6395 Carter Road.
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