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Jackson
7521 Tripp Road
$234,900
● House - Off Market

7521 Tripp Road

Horton, MI 49246
bedrooms
3 Beds
bathrooms
2 Baths
square feet
960 Ft²
$1,333
Est. Monthly
13.90%
Cap Rate

About This Property

BEAUTIFUL PRIVATE COUNTRY SETTING!  Charming 3 BDRM/2 BATH bungalow on 6 1/2 acres.  Main floor bedroom, full bath and laundry with open floor plan.  Non-conforming 4th bedroom in the basement. This property also features a 40x30 pole barn/garage with cement floor and 32x11 Lean-To.  Schedule your showing today!
Unit Size
960 Ft²
Days on Market
101 days
Land Size
6.55 acres
Price per sqft
$245
Property Type
House
Property Taxes
$179
HOA Dues
-
Year Built
1973

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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 #25009007)

Price History

Date / Event Date Event Price
Jun 20, 2025 Sold
Premium
Sold
Mar 15, 2025 In contract -
In contract
Mar 11, 2025 Listed by ERA REARDON REALTY, L.L.C. $234,900
Listed by ERA REARDON REALTY, L.L.C.
Jul 1, 1996 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 768
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 285,318
  • Total Building Area: 960
  • Building Area: 960
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 960
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HANOVER
  • Land Acres: 0000006550
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: THE E 462 FT OF THE SE 1/4 OF NE 1/4 OF SW 1/4. SEC 9 T4S R2W

Neighborhood

  • School District Name: Hanover-Horton Schools
  • School Tax School District: 38100
  • Census Tract: 006402

Zoning

  • Zoning: AG-1

Geography

  • Assessors Map Reference: MAPS
  • District: 05
  • Parcel: 000-17-09-326-002-00
  • Meridian: SEC 09 TWN 04S RNG 02W
  • Municipality: HANOVER TWP
  • Latitude: 42.1352
  • Longitude: -84.549

    Address

  • Full Address: 7521 Tripp Rd
  • Address - House Number: 7521
  • Address - Street Name: Tripp
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Horton
  • Carrier Code: R002
  • 4-Digit Zip Code: 9524
  • Zip Code: 49246

Valuation

    Tax

  • Tax Year: 2021
  • Tax Amount: $71,027
  • Tax Rate Code Area: 5

    Appraisal Valuation

  • Standard Deviation: 0.2118
  • Valuation Date: Jun 22, 2022
  • Confidence Score: 71
  • Final Value: 211,276
  • High Value: 256,040
  • Low Value: 166,513

    Market Valuation

  • Market Total Value: $154,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $77,300

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 16, 1996
  • Current Sale Recording Date: Oct 16, 1996
  • Current Sale Document Type: 55
  • Previous Sale Recording Date: Jul 01, 1996
  • Previous Sale Contract Date: Jul 01, 1996
  • Previous Sale Amount: $90,000
  • 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

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MichRIC

Listed by: ALEX C PERLOS, ERA REARDON REALTY, L.L.C.
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25009007
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 7521 Tripp Road built and last sold?
The property at 7521 Tripp Road was built in 1973 and last sold on Oct 16, 1996 for $0.
How much is this home worth?
The estimated value of the home located at 7521 Tripp Road is $232,575.
What are some comparable homes to 7521 Tripp Road?
There are currently no comparable homes to 7521 Tripp Road.
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