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Jackson 49203
937 Thomas Drive
$220,000
● House - Off Market

937 Thomas Drive

Jackson, MI 49203
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,585 Ft²
$195,327
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

Perfect ranch nestled in your quiet Summit neighborhood with vaulted ceilings, bonus room off the kitchen, fresh paint throughout, stay-dry waterproofed basement ready to be finished, patio out back with fenced in back yard, whole house generator, main floor laundry room has washer/dryer hookups or could be used as a mud room, wood burning fire place and big windows in living room allowing tons of natural light and watching the deer that come through the back yard to start your mornings and ending the days with! Meticulously cared for and ready for someone else to love it. Schedule your showing today!
Unit Size
1,585 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$123
Property Type
House
Property Taxes
$179
HOA Dues
-
Year Built
1959

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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 #23013987)

Price History

Date / Event Date Event Price
Jun 2, 2023 Sold
Premium
Sold
May 4, 2023 Listed by C-21 Affiliated - Jackson $195,000
Listed by C-21 Affiliated - Jackson

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 9
  • Basement Area: 760
  • Garage Type: 7
  • Garage Square Area: 520
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,769
  • Lot Size Depth Feet: 1,790
  • Lot Size Frontage Feet: 880
  • Total Building Area: 1,585
  • Building Area: 1,585
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,585
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WESTLAND SUBDIVISION
  • Land Acres: 0000000362
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: THAT PART OF LOT 23 DESCD AS---BEG AT SW COR OF SD LOT TH ELY ALG SLY LN OF SD LOT TO SELY COR THEREOF TH N 42%37'E ALG ELY

Neighborhood

  • School District Name: Jackson Public Schools
  • School Tax School District: 38170
  • Census Tract: 005301

Zoning

  • Zoning: RU1

Geography

  • Assessors Map Reference: MAPS
  • District: 17
  • Parcel: 615-13-04-302-025-00
  • Lot: 23,10
  • Municipality: SUMMIT TWP
  • Latitude: 42.238
  • Longitude: -84.4419

    Address

  • Full Address: 937 Thomas Dr
  • Address - House Number: 937
  • Address - Street Name: Thomas
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Jackson
  • Carrier Code: C004
  • 4-Digit Zip Code: 2799
  • Zip Code: 49203

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $145,959
  • Tax Rate Code Area: 17

    Appraisal Valuation

  • Standard Deviation: 0.1089
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 89
  • Final Value: 196,570
  • High Value: 217,979
  • Low Value: 175,160

    Market Valuation

  • Market Total Value: $175,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $87,800

    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: Logan Everett, C-21 Affiliated - Jackson
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 23013987
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 937 Thomas Drive built and last sold?
The property at 937 Thomas Drive was built in 1959 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 937 Thomas Drive is $198,971.
What are some comparable homes to 937 Thomas Drive?
There are currently no comparable homes to 937 Thomas Drive.
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