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Jackson 49201
8995 River Park Road
$175,000
● House - Off Market

8995 River Park Road

Jackson, MI 49201
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,484 Ft²
$1,067
Est. Monthly
13.11%
Cap Rate

About This Property

This home offers a desirable Summit Twp location and open floor plan on just over 2 acres and a large heated pole barn with garage doors on the front and back!!There is also a second small pole barn for all your stuff. Main level living with a 3 seasons room facing the woods to watch all the wildlife.  This home welcomes your cosmetic changes to make it your own! The Master Suite has 2 huge walk in closets, shower and a whirlpool tub. The 2nd full bath has a nice walk in shower. The kitchen is loaded with cupboards and has a large window open to the living room.  The laundry room is conveniently located off the kitchen. The roof is under 10 years old. Even the riding mower comes with it!! With a little love this could be the last home you buy! Set an appt to see it ASAP!
Unit Size
1,484 Ft²
Days on Market
-
Land Size
2.07 acres
Price per sqft
$125
Property Type
House
Property Taxes
$158
HOA Dues
-
Year Built
1990

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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: 2 years ago (MichRIC MLS #24021684)

Price History

Date / Event Date Event Price
May 30, 2024 Sold
Premium
Sold
May 3, 2024 Listed by ERA REARDON - BROOKLYN $185,000
Listed by ERA REARDON - BROOKLYN

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • 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: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 1,280
  • Parking Space Count: 5
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 90,387
  • Lot Size Depth Feet: 8,070
  • Lot Size Frontage Feet: 2,240
  • Total Building Area: 1,484
  • Building Area: 1,484
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,484
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OF ROBERT HERNDONS GARDEN CITY ESTATES
  • Land Acres: 0000002075
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: BEG AT NE COR OF SEC 35 TH W ALG N SEC LN 1308.41 FT TH S 358.54 FT TO A PT WH IS PL OF BEG OF THIS DESCN TH S 47%26'W 400 FT

Neighborhood

  • School District Name: Vandercook Lake Public Schools
  • School Tax School District: 38020
  • Census Tract: 005100

Zoning

  • Zoning: RS2

Geography

  • Assessors Map Reference: MAPS
  • District: 17
  • Parcel: 000-13-35-226-067-02
  • Lot: 102
  • Meridian: SEC 35 TWN 03S RNG 01W
  • Municipality: SUMMIT TWP
  • Latitude: 42.1738
  • Longitude: -84.3887

    Address

  • Full Address: 8995 River Park Rd
  • Legal Unit: 102
  • Address - House Number: 8995
  • Address - Street Name: River Park
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Jackson
  • Carrier Code: R011
  • 4-Digit Zip Code: 7824
  • Zip Code: 49201

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $123,674
  • Tax Rate Code Area: 17

    Appraisal Valuation

  • Standard Deviation: 0.1902
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 74
  • Final Value: 215,747
  • High Value: 256,801
  • Low Value: 174,692

    Market Valuation

  • Market Total Value: $161,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $80,900

    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

Rentals Near You

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MichRIC

Listed by: MEREDYTHE L HILL-VanDUSEN, ERA REARDON - BROOKLYN
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24021684
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 8995 River Park Road built and last sold?
The property at 8995 River Park Road was built in 1990 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 8995 River Park Road is $188,620.
What are some comparable homes to 8995 River Park Road?
There are currently no comparable homes to 8995 River Park Road.
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