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Jackson 49202
731 Loomis Street
$114,000
● House - Off Market

731 Loomis Street

Jackson, MI 49202
bedrooms
2 Beds
bathrooms
1 Bath
square feet
999 Ft²
$99,343
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model

About This Property

Welcome home to this adorable bungalow in the City of Jackson with main floor living! This 2 bed, 1 bath home is conveniently located in the heart of Jackson County close to shopping, restaurants, grocery stores, both major highways & more. Walking in through the finished front porch, you will be greeted with bright natural light throughout the living area, dining room & through the beautiful full-size cafe door to the kitchen. In the kitchen you'll find plenty of cabinet space & charm waiting for your finishing touches. From the kitchen you can go down to the basement & find extra storage room & the laundry area. This home also features a nice sized backyard, a 1 ½ car garage, & a floored attic that could be finished for more living space! Hardwood in great shape under all carpet!
Unit Size
999 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$98
Property Type
House
Property Taxes
$117
HOA Dues
-
Year Built
1907

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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 #22010613)

Price History

Date / Event Date Event Price
Apr 21, 2022 Sold
Premium
Sold
Mar 31, 2022 Listed by RE/MAX MID-MICHIGAN R.E. $98,000
Listed by RE/MAX MID-MICHIGAN R.E.

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1907
  • Effective Year Built: 1907
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 3
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 988
  • Garage Type: 7
  • Garage Square Area: 342
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,532
  • Lot Size Depth Feet: 1,150
  • Lot Size Frontage Feet: 480
  • Total Building Area: 999
  • Building Area: 999
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 999
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MURPHYS ADD
  • Land Acres: 0000000127
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: N 40 FT OF LOT 16 & S 8 FT OF LOT 17 BLK 7 MURPHY'S ADD

Neighborhood

  • School District Name: Jackson Public Schools
  • School Tax School District: 38170
  • Census Tract: 006900

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: MAPS
  • District: 50
  • Parcel: 8-155000000
  • Block: 7
  • Lot: 16-17
  • Municipality: JACKSON CITY
  • Latitude: 42.258
  • Longitude: -84.3925

    Address

  • Full Address: 731 Loomis St
  • Legal Unit: 16,17
  • Address - House Number: 731
  • Address - Street Name: Loomis
  • Address - Suffix Type: St
  • State: MI
  • City Name: Jackson
  • Carrier Code: C013
  • 4-Digit Zip Code: 3448
  • Zip Code: 49202

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $163,184
  • Tax Rate Code Area: 50

    Appraisal Valuation

  • Standard Deviation: 0.1089
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 89
  • Final Value: 95,981
  • High Value: 106,435
  • Low Value: 85,527

    Market Valuation

  • Market Total Value: $78,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $39,200

    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:

$148,900

Sale Price/ft²

$113

Below Asking

0.03%

Average Days on Market

57

Average Home Size

1485 ft²

Average Home Age

98.3 years

Currently For Sale

119 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 1511 S Martin Luther King Jr Drive, Jackson, MI, 49203

$1,400 /mo

  • 3 Beds
  • 1 Bath
  • 1,134 ft²
1511 S Martin Luther King Jr Drive, Jackson, MI, 49203 Listing by Stephanie Bosanac-Mortimer

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: SHARON A. NORTON, RE/MAX MID-MICHIGAN R.E.
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 22010613
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 731 Loomis Street built and last sold?
The property at 731 Loomis Street was built in 1907 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 731 Loomis Street is $100,504.
What are some comparable homes to 731 Loomis Street?
There are currently no comparable homes to 731 Loomis Street.
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