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Jenison 49428
7561 Walnut Avenue
$182,000
● House - Off Market

7561 Walnut Avenue

Jenison, MI 49428
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,920 Ft²
$277,358
RealtyHop Estimate
46.75%
Since Aug 1, 2019
National-US
Primary Model

About This Property

Well updated ranch located on a nice sized lot. Well updated kitchen with tile backsplash, new flooring and stainless steel dishwasher. Large living room with new carpet throughout the bedrooms and hallways. Entire home recently painted. Finished basement and large deck.
Unit Size
2,920 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$65
Property Type
House
Property Taxes
$140
HOA Dues
-
Year Built
1982

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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: 3 years ago (MichRIC MLS #19025018)

Price History

Date / Event Date Event Price
Aug 2, 2023 Sold
Premium
Sold
Jun 6, 2023 Listed by PETER B MIRK REAL ESTATE $315,000
Listed by PETER B MIRK REAL ESTATE
Jan 7, 2020 Sold
Premium
Sold
Jul 23, 2019 Sold
Premium
Sold
Jun 5, 2019 Listed by PETER B MIRK REAL ESTATE $189,000
Listed by PETER B MIRK REAL ESTATE
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1982
  • Effective Year Built: 1982
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 960
  • Garage Type: 7
  • Garage Square Area: 624
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 8
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,238
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 850
  • Total Building Area: 1,000
  • Building Area: 1,000
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,000
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GRASMAN SUBD
  • Land Acres: 0000000258
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 1 EXC N 115 FT VAN HOUTEN - GRASMAN SUBD

Neighborhood

  • School District Name: Jenison Public Schools
  • School Tax School District: JENISON
  • Census Tract: 021603

Zoning

  • Zoning: LDR

Geography

  • District: 15
  • Parcel: 70-14-14-426-020
  • Block: 426
  • Lot: 1
  • Meridian: SEC 14 TWN 6N RNG 13W
  • Municipality: GEORGETOWN TWP
  • Latitude: 42.9067
  • Longitude: -85.8065

    Address

  • Full Address: 7561 Walnut Ave
  • Address - House Number: 7561
  • Address - Street Name: Walnut
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Jenison
  • Carrier Code: R001
  • 4-Digit Zip Code: 9731
  • Zip Code: 49428

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0

    Appraisal Valuation

  • Standard Deviation: 0.074
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 95
  • Final Value: 313,188
  • High Value: 336,369
  • Low Value: 290,007

    Market Valuation

  • Market Total Value: $157,800

    Assessments Valuation

  • Assessed Year: 2023

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 24, 2023
  • Current Sale Recording Date: Aug 02, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 19081
  • Previous Sale Recording Date: Jan 07, 2020
  • Previous Sale Contract Date: Jul 23, 2019
  • Previous Sale Amount: $182,000
  • 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 Jenison

Stats & Trends

Median Asking:

$350,000

Sale Price/ft²

$186

Below Asking

0.01%

Average Days on Market

38

Average Home Size

1973 ft²

Average Home Age

57.6 years

Currently For Sale

17 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

Rentals Near You

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MichRIC

Listed by: Peter B Mirk, PETER B MIRK REAL ESTATE
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 19025018
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 7561 Walnut Avenue built and last sold?
The property at 7561 Walnut Avenue was built in 1982 and last sold on Jul 24, 2023 for $320,000.
How much is this home worth?
The estimated value of the home located at 7561 Walnut Avenue is $316,861.
What are some comparable homes to 7561 Walnut Avenue?
There are currently no comparable homes to 7561 Walnut Avenue.
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