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Jackson 49201
6988 SANCTUARY DR
$29,000
● Land - Off Market

6988 SANCTUARY DR

Jackson, MI 49201
bedrooms
Studio
bathrooms
0 Bath
$37,659
RealtyHop Estimate
29.86%
Since Feb 1, 2021
National-US
Primary Model

About This Property

1.51 wooded acre lot in picturesque Sanctuary. The ideal setting to build a home with a walkout basement in a 140 acre subdivision. Brill's lake access in a deed restricted, gated community. Subdivision includes walking trails, paved roads, street lights and a marina dock on an all sports lake. Easy access to I-94 for an easy commute to Chelsea, Jackson and Ann Arbor.
Unit Size
-
Days on Market
-
Land Size
1.51 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
$300
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: 3 years ago (MichRIC MLS #21040076)

Price History

Date / Event Date Event Price
Feb 5, 2021 Sold
Premium
Sold
Apr 13, 2015 Listed by HOWARD HANNA REAL ESTATE SERVI $29,000
Listed by HOWARD HANNA REAL ESTATE SERVI

Property Highlights

Building Info

Overview

    General

  • 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: 65,950
  • Lot Size Depth Feet: 2,876
  • Lot Size Frontage Feet: 647
  • 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: 1
  • Property Class: V
  • Subdivision: SANCTUARY OF BRILLS LAKE SITE
  • Land Acres: 0000001514
  • Standard Land Use Code: 8001
  • County Land Use Code: 402
  • Legal Description 1: UNIT 20 SANCTUARY AT BRILL'S LAKE SITE CONDOMINIUM SEC 22 T2S R1E

Neighborhood

  • School District Name: East Jackson Community Schools
  • School Tax School District: 38090
  • Census Tract: 006002

Zoning

  • Zoning: RS SUBU

Geography

  • Assessors Map Reference: MAPS
  • District: 07
  • Parcel: 000-09-22-102-020-00
  • Meridian: SEC 22 TWN 02S RNG 01E
  • Municipality: LEONI TWP
  • Latitude: 42.2857
  • Longitude: -84.2853

    Address

  • Full Address: 6988 Sanctuary Dr
  • Legal Unit: 20
  • Address - House Number: 6988
  • Address - Street Name: Sanctuary
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Jackson
  • Carrier Code: R002
  • 4-Digit Zip Code: 7656
  • Zip Code: 49201

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $86,493
  • Tax Rate Code Area: 7

    Market Valuation

  • Market Total Value: $73,878

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $36,939

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 26, 2021
  • Current Sale Recording Date: Feb 05, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2872203
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: MISTY SMITH, HOWARD HANNA REAL ESTATE SERVI
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21040076
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 6988 Sanctuary Drive built and last sold?
The property at 6988 Sanctuary Drive was built in and last sold on Jan 26, 2021 for $29,000.
How much is this home worth?
The estimated value of the home located at 6988 Sanctuary Drive is $0.
What are some comparable homes to 6988 Sanctuary Drive?
There are currently no comparable homes to 6988 Sanctuary Drive.
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