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Jackson 49240
8565 Stull Road
$292,500
● House - Off Market

8565 Stull Road

Grass Lake, MI 49240
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,508 Ft²
$1,581
Est. Monthly
7.01%
Cap Rate

About This Property

Welcome Home!! This Beautiful Ranch home welcomes you to Grass Lake, with One owner since 1968! Sitting on close 2 acres and with many updated features like, a new Roof( on the home and garage), a new Furnace, new AC unit, newer Water Heater, updated Electrical, and well maintained Gardens and yard.  The Entry level has 3 bedrooms, 2 bathrooms, and Hard Wood Floors. One of the Main Level bedrooms has Laundry Hookup if you would like it on the main level. The Basement is a Walkout with a non conforming bedroom as well. The Basement also features a large living area with a Propane Fireplace and  there is a comfy 3 seasons room. Come See it!!
Unit Size
2,508 Ft²
Days on Market
-
Land Size
1.72 acres
Price per sqft
$115
Property Type
House
Property Taxes
$161
HOA Dues
-
Year Built
1968

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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 #24022816)

Price History

Date / Event Date Event Price
Jun 12, 2024 Sold
Premium
Sold
May 9, 2024 Listed by The Charles Reinhart Company $289,000
Listed by The Charles Reinhart Company

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 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 Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,254
  • Garage Type: 7
  • Garage Square Area: 728
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 75,010
  • Lot Size Depth Feet: 5,000
  • Lot Size Frontage Feet: 1,500
  • Total Building Area: 1,254
  • Building Area: 1,254
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,254
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001722
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: BEG AT N 1/4 POST OF SEC 24 TH S3?0'W 1329.94 FT TO CEN LN OF STULL RD TO A PT FOR POB OF THIS DESCN TH S87?31'E 150 FT TH

Neighborhood

  • School District Name: Grass Lake Community Schools
  • School Tax School District: 38050
  • Census Tract: 006002

Zoning

  • Zoning: RS SUBU

Geography

  • Assessors Map Reference: MAPS
  • District: 07
  • Parcel: 000-09-24-251-001-00
  • Meridian: SEC 24 TWN 02S RNG 01E
  • Municipality: LEONI TWP
  • Latitude: 42.288
  • Longitude: -84.2599

    Address

  • Full Address: 8565 Stull Rd
  • Address - House Number: 8565
  • Address - Street Name: Stull
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Grass Lake
  • Carrier Code: R042
  • 4-Digit Zip Code: 9585
  • Zip Code: 49240

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $135,821
  • Tax Rate Code Area: 7

    Appraisal Valuation

  • Standard Deviation: 0.1902
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 74
  • Final Value: 225,285
  • High Value: 268,155
  • Low Value: 182,416

    Market Valuation

  • Market Total Value: $177,570

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $88,785

    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: Blake M Wyant, The Charles Reinhart Company
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24022816
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 8565 Stull Road built and last sold?
The property at 8565 Stull Road was built in 1968 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 8565 Stull Road is $0.
What are some comparable homes to 8565 Stull Road?
There are currently no comparable homes to 8565 Stull Road.
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