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Jackson 49203
701 Pemberton Lane
$311,000
● House - Off Market

701 Pemberton Lane

Jackson, MI 49203
bedrooms
4 Beds
bathrooms
3 Baths
square feet
3,364 Ft²
$299,082
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

Exceptional ranch situated on a corner lot in Tanglewood Subdivision featuring 4 bedrooms & 3 full baths. Two primary suites, one on the main level with a jacuzzi tub & one in the fully finished basement. Main floor primary suite offers a private entrance to the screened in porch with a hot tub. First floor laundry. Lovely oak flooring throughout the main level. Open floor plan that flows together seamlessly with a kitchen that offers tons of cabinet & counter space, dining area & family room.  3 skylights offering tons of natural light. A stunning stone face wood burning fireplace for those chilly nights. The door wall in the dining area leads you to the deck & patio, perfect for entertaining. 3 car garage to accommodate your cars & lawn equipment. Expansive front porch.
Unit Size
3,364 Ft²
Days on Market
-
Land Size
0.48 acres
Price per sqft
$89
Property Type
House
Property Taxes
$290
HOA Dues
-
Year Built
1994

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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 #23013414)

Price History

Date / Event Date Event Price
Jul 20, 2023 Sold
Premium
Sold
May 1, 2023 Listed by RE/MAX MID-MICHIGAN R.E. $299,900
Listed by RE/MAX MID-MICHIGAN R.E.

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 17
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,736
  • Garage Type: 7
  • Garage Square Area: 1,008
  • Parking Space Count: 4
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,996
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 1,750
  • Total Building Area: 1,736
  • Building Area: 1,736
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,736
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TANGLEWOOD SUBDIVISION
  • Land Acres: 0000000482
  • Standard Land Use Code: 1016
  • County Land Use Code: 401
  • Legal Description 1: LOT 23 TANGLEWOOD SUBDIVISION NO 2

Neighborhood

  • School District Name: Jackson Public Schools
  • School Tax School District: 38170
  • Census Tract: 005301

Zoning

  • Zoning: RS2

Geography

  • Assessors Map Reference: MAPS
  • District: 17
  • Parcel: 561-13-06-426-023-00
  • Lot: 23
  • Municipality: SUMMIT TWP
  • Latitude: 42.2375
  • Longitude: -84.4644

    Address

  • Full Address: 701 Pemberton Ln
  • Legal Unit: 23
  • Address - House Number: 701
  • Address - Street Name: Pemberton
  • Address - Suffix Type: Ln
  • State: MI
  • City Name: Jackson
  • Carrier Code: C046
  • 4-Digit Zip Code: 7124
  • Zip Code: 49203

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $239,114
  • Tax Rate Code Area: 17

    Appraisal Valuation

  • Standard Deviation: 0.1089
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 89
  • Final Value: 307,288
  • High Value: 340,756
  • Low Value: 273,819

    Market Valuation

  • Market Total Value: $290,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $145,100

    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:

$234,900

Sale Price/ft²

$145

Below Asking

0.03%

Average Days on Market

55

Average Home Size

1875 ft²

Average Home Age

74.7 years

Currently For Sale

417 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: SHARON A. NORTON, RE/MAX MID-MICHIGAN R.E.
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 23013414
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 701 Pemberton Lane built and last sold?
The property at 701 Pemberton Lane was built in 1994 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 701 Pemberton Lane is $311,461.
What are some comparable homes to 701 Pemberton Lane?
There are currently no comparable homes to 701 Pemberton Lane.
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