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Jackson 49202
940 Ellery Avenue
$144,000
● House - Off Market

940 Ellery Avenue

Jackson, MI 49202
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,274 Ft²
$822
Est. Monthly
7.32%
Cap Rate

About This Property

Charming well maintained home with loads of character!  This  2-bedroom home offers easy highway access &  showcases pride of ownership throughout. The open floor plan features a kitchen with an island & all new appliances, within the last six months, the oven even featuring a built-in air fryer!  The 1,274 sq. ft. of finished living space includes a cozy finished basement area & 1.5 bathrooms, complete with a whirlpool tub. The front of the house has an open porch accented with classic fieldstone, complemented by custom-made railings. The unique garage setup offers the size of a two-car garage with a one-car door & has an extension storage shed and fenced area off the back &  sides. Easy to clean Pella windows add to the convenience & energy efficiency. This home is truly move- in ready!
Unit Size
1,274 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$118
Property Type
House
Property Taxes
$85
HOA Dues
-
Year Built
1940

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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 #24044325)

Price History

Date / Event Date Event Price
Oct 11, 2024 Sold
Premium
Sold
Sep 2, 2024 In contract -
In contract
Aug 23, 2024 Listed by Val Stover Real Estate Team $150,000
Listed by Val Stover Real Estate Team
May 10, 2013 Sold
Premium
Sold
Nov 19, 2012 Listed by Val Stover Real Estate Team $49,900
Listed by Val Stover Real Estate Team
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • 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: 3
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 792
  • Garage Type: 7
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,229
  • Lot Size Depth Feet: 1,480
  • Lot Size Frontage Feet: 420
  • Total Building Area: 792
  • Building Area: 792
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 792
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000143
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LAND COM AT PT 519 FT N & 38 RDS E OF S 1/4 POST OF SEC 26 TH N ALG W LN OF ELLERY AVE 42 FT TH W 148.5 FT TH S 39 FT TH ELY

Neighborhood

  • School District Name: Jackson Public Schools
  • School Tax School District: 38170
  • Census Tract: 006900

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: MAPS 8-24
  • District: 50
  • Parcel: 8-125700000
  • Meridian: SEC 26 TWN 02S RNG 01W
  • Municipality: JACKSON CITY
  • Latitude: 42.2635
  • Longitude: -84.392

    Address

  • Full Address: 940 Ellery Ave
  • Address - House Number: 940
  • Address - Street Name: Ellery
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Jackson
  • Carrier Code: C013
  • 4-Digit Zip Code: 2483
  • Zip Code: 49202

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $80,442
  • Tax Rate Code Area: 50

    Appraisal Valuation

  • Standard Deviation: 0.2514
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 64
  • Final Value: 106,592
  • High Value: 133,400
  • Low Value: 79,785

    Market Valuation

  • Market Total Value: $80,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $40,100

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 02, 2013
  • Current Sale Recording Date: May 10, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2651175
  • Previous Sale Recording Date: Aug 15, 2002
  • Previous Sale Contract Date: Aug 09, 2002
  • Previous Sale Amount: $75,000
  • 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:

$148,900

Sale Price/ft²

$113

Below Asking

0.03%

Average Days on Market

57

Average Home Size

1484 ft²

Average Home Age

98.2 years

Currently For Sale

117 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: Valerie Stover, Val Stover Real Estate Team
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24044325
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 940 Ellery Avenue built and last sold?
The property at 940 Ellery Avenue was built in 1940 and last sold on May 2, 2013 for $47,100.
How much is this home worth?
The estimated value of the home located at 940 Ellery Avenue is $146,383.
What are some comparable homes to 940 Ellery Avenue?
There are currently no comparable homes to 940 Ellery Avenue.
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