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Jackson 49203
706 Leo Road
$255,000
● House - Off Market

706 Leo Road

Jackson, MI 49203
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,418 Ft²
$278,768
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model

About This Property

Super ranch style home with partial walk out and is much Larger than it appears from the road , this is not a drive-by!  Open concept with the kitchen and living room, although there still is a formal dining rm with hardwood floors, and an awesome year round gazebo shaped sunroom with terrific views of the large, over an acre, backyard boasting composite decking on the patio!  Kitchen has an island and plenty of cabinets.  First floor master bedroom en suite addition with walk-in closet and laundry , could also be used for separate living quarters for another family member.  Living room has cathedral ceiling, wonderful windows also overlooking the backyard and a beautiful stove.  Partially finished basement has a large finished room with double doors leading to the backyard.
Unit Size
2,418 Ft²
Days on Market
-
Land Size
1.07 acres
Price per sqft
$103
Property Type
House
Property Taxes
$255
HOA Dues
-
Year Built
1954

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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 #21105654)

Price History

Date / Event Date Event Price
Nov 5, 2021 Sold
Premium
Sold
Sep 14, 2021 Listed by Val Stover Real Estate Team $250,000
Listed by Val Stover Real Estate Team
May 23, 2003 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • 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: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,388
  • Garage Type: 7
  • Garage Square Area: 564
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 34,107
  • Lot Size Depth Feet: 3,852
  • Total Building Area: 2,028
  • Building Area: 2,028
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,028
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SUPERVISORS PLAT OF TEFFT ACRES
  • Land Acres: 0000000783
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: N 1/2 OF LOT 2 BLK 3 SUPERVISOR'S PLAT OF TEFFT ACRES

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: 555-13-05-178-027-02
  • Block: 3
  • Lot: 2
  • Municipality: SUMMIT TWP
  • Latitude: 42.2412
  • Longitude: -84.4528

    Address

  • Full Address: 706 Leo Rd
  • Legal Unit: 2
  • Address - House Number: 706
  • Address - Street Name: Leo
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Jackson
  • Carrier Code: C031
  • 4-Digit Zip Code: 2532
  • Zip Code: 49203

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $293,266
  • Tax Rate Code Area: 17

    Appraisal Valuation

  • Standard Deviation: 0.2226
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 69
  • Final Value: 289,804
  • High Value: 354,316
  • Low Value: 225,292

    Market Valuation

  • Market Total Value: $249,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $124,900

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 03, 2021
  • Current Sale Recording Date: Nov 05, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2898504
  • Previous Sale Recording Date: May 23, 2003
  • Previous Sale Contract Date: May 06, 2003
  • Previous Sale Amount: $100,000
  • 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:

$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

Unit for rent at 1024 S Brown St, MI, 48203

$950 /mo

  • 1 Bed
  • 1 Bath
1024 S Brown St, MI, 48203 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Valerie Stover, Val Stover Real Estate Team
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21105654
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 706 Leo Road built and last sold?
The property at 706 Leo Road was built in 1954 and last sold on Nov 3, 2021 for $255,000.
How much is this home worth?
The estimated value of the home located at 706 Leo Road is $258,385.
What are some comparable homes to 706 Leo Road?
There are currently no comparable homes to 706 Leo Road.
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