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Jackson 49241
8611 Hanover Road
$205,000
● House - Off Market

8611 Hanover Road

Hanover, MI 49241
bedrooms
1 Bed
bathrooms
2 Baths
square feet
1,760 Ft²
$364,199
RealtyHop Estimate
58.42%
Since Jan 1, 2018
National-US
Primary Model

About This Property

Almost 30 wooded acres with apple orchard, storefront, and one bedroom berm home in Hanover! The home features a newer roof, air to air heat exchanger, newer furnace, large walkin master closet, office/small second non-conforming bedroom, pantry, dining room, fireplace,and an energy efficienr design. Property features a 3-car attached garage, former green house, storefront with kitchen, additional cooler space, and a pole barn for even more storage. Owners used produce from the m-9 root stock apple trees to sell homemade doughnuts, pies, and other baked goods in the fall. Property also features other fruit trees. This is a fantastic opportunity for anyone interested in catering, brewing, farming, or simply woods living.
Unit Size
1,760 Ft²
Days on Market
-
Land Size
29.04 acres
Price per sqft
$131
Property Type
House
Property Taxes
$250
HOA Dues
-
Year Built
1988

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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 #17052458)

Price History

Date / Event Date Event Price
Dec 28, 2017 Sold
Premium
Sold
Oct 10, 2017 Listed by Production Realty $229,900
Listed by Production Realty

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Building Count: 3
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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 Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 960
  • Parking Space Count: 4
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,112,522
  • Total Building Area: 1,760
  • Building Area: 1,760
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,760
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000025540
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: NW 1/4 LYING NWLY OF LS & MS RR R/W EXC THE W 2111 FT THEREOF. ALSO EXC THE R/W OF HANOVER RD. SEC 29 T4S R2W

Neighborhood

  • School District Name: Hanover-Horton Schools
  • School Tax School District: 38100
  • Census Tract: 006404

Zoning

  • Zoning: AG-1

Geography

  • Assessors Map Reference: MAPS
  • District: 05
  • Parcel: 000-17-29-126-004-01
  • Meridian: SEC 29 TWN 04S RNG 02W
  • Municipality: HANOVER TWP
  • Latitude: 42.0979
  • Longitude: -84.5672

    Address

  • Full Address: 8611 Hanover Rd
  • Address - House Number: 8611
  • Address - Street Name: Hanover
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Hanover
  • Carrier Code: R001
  • 4-Digit Zip Code: 9782
  • Zip Code: 49241

Valuation

    Tax

  • Tax Year: 2021
  • Tax Amount: $136,146
  • Tax Rate Code Area: 5

    Appraisal Valuation

  • Standard Deviation: 0.1898
  • Valuation Date: Aug 30, 2023
  • Confidence Score: 74
  • Final Value: 346,513
  • High Value: 412,305
  • Low Value: 280,721

    Market Valuation

  • Market Total Value: $324,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $162,100

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 21, 2017
  • Current Sale Recording Date: Dec 28, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2785463

    Financing

  • First Mortgage Financing Type: ADJ
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: Amy Gilpin, Production Realty
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 17052458
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 8611 Hanover Road built and last sold?
The property at 8611 Hanover Road was built in 1988 and last sold on Dec 21, 2017 for $205,000.
How much is this home worth?
The estimated value of the home located at 8611 Hanover Road is $231,697.
What are some comparable homes to 8611 Hanover Road?
There are currently no comparable homes to 8611 Hanover Road.
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