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Jackson 49201
7000 Jones Road
$214,500
● House - Off Market

7000 Jones Road

Jackson, MI 49201
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,890 Ft²
$1,255
Est. Monthly
14.94%
Cap Rate

About This Property

This beautiful updated 2 story country home offers 4 bedrooms and 2 bathrooms. Updates include NEW kitchen, bathrooms, flooring and paint throughout among other updates.  Large barn is in disrepair and will need repairs and updates to be used. Smaller shed could be used for your outside storage needs. Seller is offering a 1-year home warranty thru Americas Preferred Home Warranty.
Unit Size
1,890 Ft²
Days on Market
-
Land Size
1.50 acres
Price per sqft
$119
Property Type
House
Property Taxes
$149
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: 3 years ago (MichRIC MLS #24004127)

Price History

Date / Event Date Event Price
Mar 15, 2024 Sold
Premium
Sold
Jan 20, 2024 Listed by EXIT REALTY 1ST LLC $225,000
Listed by EXIT REALTY 1ST LLC

Property Highlights

Garage

Building Info

Overview

    General

  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 175
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 704
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 65,340
  • Total Building Area: 1,890
  • Building Area: 1,890
  • Building Area Measurement: K

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,890
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001500
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: THE S 240 FT OF THE E 275 FT OF SW 1/4. SEC 33 T1S R1W 1.5A

Neighborhood

  • School District Name: Northwest School District
  • School Tax School District: 38140
  • Census Tract: 006701

Zoning

  • Zoning: AG

Geography

  • Assessors Map Reference: MAPS
  • District: 13
  • Parcel: 000-03-33-376-001-00
  • Meridian: SEC 33 TWN 01S RNG 01W
  • Municipality: RIVES TWP
  • Latitude: 42.3351
  • Longitude: -84.4339

    Address

  • Full Address: 7000 Jones Rd
  • Address - House Number: 7000
  • Address - Street Name: Jones
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Jackson
  • Carrier Code: R016
  • 4-Digit Zip Code: 8134
  • Zip Code: 49201

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $62,404
  • Tax Rate Code Area: 13

    Appraisal Valuation

  • Standard Deviation: 0.1115
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 88
  • Final Value: 223,118
  • High Value: 248,017
  • Low Value: 198,218

    Market Valuation

  • Market Total Value: $140,800
  • Market Land Value: $140,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $70,400
  • Assessed Land Value: $70,400
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: EDWARD J KERLEY, EXIT REALTY 1ST LLC
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24004127
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 7000 Jones Road built and last sold?
The property at 7000 Jones Road was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 7000 Jones Road is $0.
What are some comparable homes to 7000 Jones Road?
There are currently no comparable homes to 7000 Jones Road.
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