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Jackson 49203
707 Leo Road
$240,000
● House - Off Market

707 Leo Road

Jackson, MI 49203
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,304 Ft²
$1,490
Est. Monthly
16.98%
Cap Rate

About This Property

Superb brick ranch with walk out basement.  Nestled in a quiet county feel subdivision with 1/2 acre lot close to town, but feels far away.  Tastefully done with lots of character and charm.  Newly finished basement is beautifully done with a fireplace, three seasons room and loads of storage.  The main level has coved ceilings and beautiful wood flooring.  The kitchen is open and airy.  First floor laundry for added convenience with cool brick flooring.  Two car attached garage with walk up attic for additional storage.  This is gem won't last!
Unit Size
2,304 Ft²
Days on Market
-
Land Size
0.50 acres
Price per sqft
$109
Property Type
House
Property Taxes
$262
HOA Dues
-
Year Built
1964

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 2 years ago (MichRIC MLS #24055133)

Price History

Date / Event Date Event Price
Dec 5, 2024 Sold
Premium
Sold
Nov 3, 2024 In contract -
In contract
Oct 21, 2024 In contract -
In contract
Oct 18, 2024 Listed by ERA REARDON REALTY, L.L.C. $250,000
Listed by ERA REARDON REALTY, L.L.C.
Nov 4, 2022 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 1,404
  • Garage Type: 7
  • Garage Square Area: 550
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,606
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 1,080
  • Total Building Area: 1,404
  • Building Area: 1,404
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,404
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BEGELS EASTERN SUBDIVISION
  • Land Acres: 0000000496
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: BEG AT CEN OF SEC 5 TH N ALG N&S 1/4 LN 478.23 FT TH E 329.25 FT TO A PT WH IS PL OF BEG OF THIS DESCN TH E 200 FT TH S 84.12

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: 000-13-05-251-088-00
  • Lot: 9-10
  • Meridian: SEC 05 TWN 03S RNG 01W
  • Municipality: SUMMIT TWP
  • Latitude: 42.2412
  • Longitude: -84.4513

    Address

  • Full Address: 707 Leo Rd
  • Legal Unit: 10,9
  • Address - House Number: 707
  • Address - Street Name: Leo
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Jackson
  • Carrier Code: C031
  • 4-Digit Zip Code: 2531
  • Zip Code: 49203

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $204,746
  • Tax Rate Code Area: 17

    Appraisal Valuation

  • Standard Deviation: 0.1089
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 89
  • Final Value: 210,685
  • High Value: 233,632
  • Low Value: 187,738

    Market Valuation

  • Market Total Value: $174,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $87,200

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 15, 2002
  • Current Sale Recording Date: May 20, 2002
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2242617
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: RICH COOK, ERA REARDON REALTY, L.L.C.
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24055133
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 707 Leo Road built and last sold?
The property at 707 Leo Road was built in 1964 and last sold on May 15, 2002 for $149,400.
How much is this home worth?
The estimated value of the home located at 707 Leo Road is $0.
What are some comparable homes to 707 Leo Road?
There are currently no comparable homes to 707 Leo Road.
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