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Jackson 49201
8602 Lansing Avenue
$32,000
● House - Off Market

8602 Lansing Avenue

Jackson, MI 49201
bedrooms
Studio
bathrooms
0 Bath
square feet
1,232 Ft²
$46,039
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

3 parcels are only being sold together. 8602 Lansing is corner property (000-03-15-376-014-00) Has had construction permits, now expired. Will need to be renewed and inspected by Rives Township. Jx Cty Health shows sewage Disposal System permit dated 1967. 1002 Berry to the west (000-03-15-376-011-00) has approx 28x18 polebarn. House structure in uninhabitable. Demolition is recommended. Vacant Land to north 8608 Lansing Ave (000-03-15-376-013-00). Contact Rives Township for Buildability and permits.
Unit Size
1,232 Ft²
Days on Market
-
Land Size
1.63 acres
Price per sqft
$37
Property Type
House
Property Taxes
$244
HOA Dues
-
Year Built
-

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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 #22013963)

Price History

Date / Event Date Event Price
Jul 13, 2022 Sold
Premium
Sold
Apr 21, 2022 Listed by ERA REARDON REALTY, L.L.C. $45,000
Listed by ERA REARDON REALTY, L.L.C.
May 13, 2021 Sold
Premium
Sold
Sep 1, 2004 Sold
Premium
Sold
Sep 1, 1987 Sold
Premium
Sold

Property Highlights

Fireplace

Building Info

Overview

    General

  • 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: 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: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 28,314
  • Total Building Area: 1,092
  • Building Area: 1,092
  • Building Area Measurement: K

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,092
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAITLANDS SUBDIVISION
  • Land Acres: 0000000650
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: BEG AT S 1/4 POST OF SEC 15 TH N 89? 30'W 216.29 FT TH N 1? 53'30''W 33.03 FT TO A PT FOR POB TH N 1? 53'30''W 95.78 FT TH S

Neighborhood

  • School District Name: Northwest School District
  • School Tax School District: 38140
  • Census Tract: 006701

Zoning

  • Zoning: COM

Geography

  • Assessors Map Reference: MAPS
  • District: 13
  • Parcel: 000-03-15-376-014-00
  • Lot: 5
  • Meridian: SEC 15 TWN 01S RNG 01W
  • Municipality: RIVES TWP
  • Latitude: 42.3788
  • Longitude: -84.4141

    Address

  • Full Address: 8602 Lansing Ave
  • Address - House Number: 8602
  • Address - Street Name: Lansing
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Jackson
  • Carrier Code: R016
  • 4-Digit Zip Code: 8221
  • Zip Code: 49201

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $16,549
  • Tax Rate Code Area: 13

    Appraisal Valuation

  • Standard Deviation: 0.1089
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 89
  • Final Value: 41,959
  • High Value: 46,529
  • Low Value: 37,389

    Market Valuation

  • Market Total Value: $19,800
  • Market Land Value: $19,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $9,900
  • Assessed Land Value: $9,900

    Sales

  • Current Sale Contract Date: May 06, 2021
  • Current Sale Recording Date: May 13, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2883685
  • Previous Sale Recording Date: Sep 01, 2004
  • Previous Sale Contract Date: Aug 25, 2004
  • Previous Sale Amount: $34,000
  • 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

Rentals Near You

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MichRIC

Listed by: Kathy Byerly, ERA REARDON REALTY, L.L.C.
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 22013963
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 8602 Lansing Avenue built and last sold?
The property at 8602 Lansing Avenue was built in and last sold on May 6, 2021 for $32,000.
How much is this home worth?
The estimated value of the home located at 8602 Lansing Avenue is $0.
What are some comparable homes to 8602 Lansing Avenue?
There are currently no comparable homes to 8602 Lansing Avenue.
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