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Jackson 49269
7313 N Parma Road
$595,000
● House - Off Market

7313 N Parma Road

Parma, MI 49269
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,243 Ft²
$3,215
Est. Monthly
4.25%
Cap Rate

About This Property

PARADISE AWAITS!  Nature lovers, hunters, those seeking ultimate peace and privacy, look no further!  This beautiful stick-built home so lovingly cared for includes a grand fireplace, both gas & woodburning & is centered in the living room w/ incredible views of the lush wooded 40 ACRES of nature!  The main level continues w/the primary bedroom w/double doors opening to the EXPANSIVE DECK, a 2nd bedrm, full bathroom, large kitchen & dining area.  The living space continues into the lower level walkout w/a spacious family room, 3rd bedrm, full bathrm, enormous laundry/utility space & 2 storage rooms. The generator eliminates worry, you have the choice of propane or wood heat and the huge 35x38 heated pole barn make this property a DREAM COME TRUE!
Unit Size
2,243 Ft²
Days on Market
-
Land Size
40.00 acres
Price per sqft
$265
Property Type
House
Property Taxes
$293
HOA Dues
-
Year Built
1990

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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: 2 years ago (MichRIC MLS #24051019)

Price History

Date / Event Date Event Price
Nov 21, 2024 Sold
Premium
Sold
Oct 23, 2024 In contract -
In contract
Sep 27, 2024 Listed by The Brokerage House $595,000
Listed by The Brokerage House

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • Building Count: 4
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • 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: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,443
  • Garage Type: 7
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,742,400
  • Total Building Area: 1,443
  • Building Area: 1,443
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,443
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000040000
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: THE S 660 FT OF THE N 1/2 OF SWFRL 1/4. SEC 31 T1S R2W

Neighborhood

  • School District Name: Springport Public Schools
  • School Tax School District: 38150
  • Census Tract: 006600

Zoning

  • Zoning: AG OPEN

Geography

  • Assessors Map Reference: MAPS
  • District: 18
  • Parcel: 000-02-31-300-001-03
  • Meridian: SEC 31 TWN 01S RNG 02W
  • Municipality: TOMPKINS TWP
  • Latitude: 42.3398
  • Longitude: -84.5956

    Address

  • Full Address: 7313 N Parma Rd
  • Address - House Number: 7313
  • Street Direction: N
  • Address - Street Name: Parma
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Parma
  • Carrier Code: R062
  • 4-Digit Zip Code: 9352
  • Zip Code: 49269

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $120,269
  • Tax Rate Code Area: 18

    Appraisal Valuation

  • Standard Deviation: 0.1902
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 74
  • Final Value: 387,534
  • High Value: 461,278
  • Low Value: 313,791

    Market Valuation

  • Market Total Value: $354,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $177,100

    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:

$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: Kristen King, The Brokerage House
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24051019
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 7313 North Parma Road built and last sold?
The property at 7313 North Parma Road was built in 1990 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 7313 North Parma Road is $0.
What are some comparable homes to 7313 North Parma Road?
There are currently no comparable homes to 7313 North Parma Road.
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