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Jackson 49201
988 OTNEY DR
$273,000
● House - Off Market

988 OTNEY DR

Jackson, MI 49201
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,136 Ft²
$336,612
RealtyHop Estimate
18.94%
Since Jun 1, 2021
National-US
Primary Model

About This Property

Beautiful Bi-Level home sitting on a hilltop overlooking Gilletts Lake. Interior of home has been freshly painted. Main floor offers 3-4 bedrooms, 2 full bathrooms, 2 dining rooms, den, very spacious kitchen with large center island, and lots of storage. Finished walkout basement has an additional 2 bedrooms, family room, rec room, half bath and a utility/kitchen/laundry room. Large deck off back of home overlooks nice hill top back yard.  Public Boat launch is down the road approx. 1.5 miles.
Unit Size
3,136 Ft²
Days on Market
-
Land Size
1.28 acres
Price per sqft
$90
Property Type
House
Property Taxes
$194
HOA Dues
-
Year Built
1970

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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 #21046387)

Price History

Date / Event Date Event Price
May 25, 2021 Sold
Premium
Sold
Mar 2, 2021 Listed by EXIT REALTY 1ST LLC $283,000
Listed by EXIT REALTY 1ST LLC
Jun 1, 1983 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 40
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 55,713
  • Lot Size Depth Feet: 3,220
  • Lot Size Frontage Feet: 1,730
  • Total Building Area: 2,890
  • Building Area: 2,890
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,890
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GILLETTS LAKE
  • Land Acres: 0000001279
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 17 EXC BEG AT THE NW COR OF LOT 17 GILLETT'S LAKE GARDENS NO. 1 TH SWLY ALG THE E LN OF OTTNEY DR 120 FT TH NELY TO A PT

Neighborhood

  • School District Name: East Jackson Community Schools
  • School Tax School District: 38090
  • Census Tract: 006001

Zoning

  • Zoning: R-1 ONE

Geography

  • Assessors Map Reference: MAPS
  • District: 07
  • Parcel: 000-09-27-153-008-00
  • Lot: 17,100
  • Meridian: SEC 27 TWN 02S RNG 01E
  • Municipality: LEONI TWP
  • Latitude: 42.2721
  • Longitude: -84.3062

    Address

  • Full Address: 988 Ottney Dr
  • Address - House Number: 988
  • Address - Street Name: Ottney
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Jackson
  • Carrier Code: R014
  • 4-Digit Zip Code: 9654
  • Zip Code: 49201

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $293,425
  • Tax Rate Code Area: 7

    Appraisal Valuation

  • Standard Deviation: 0.1089
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 89
  • Final Value: 273,844
  • High Value: 303,670
  • Low Value: 244,018

    Market Valuation

  • Market Total Value: $261,420

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $130,710

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 20, 2021
  • Current Sale Recording Date: May 25, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2884658
  • Previous Sale Recording Date: Jun 01, 1983
  • Previous Sale Contract Date: Jun 01, 1983
  • Previous Sale Amount: $10,000
  • 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

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MichRIC

Listed by: EDWARD J KERLEY, EXIT REALTY 1ST LLC
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21046387
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 988 Otney Street built and last sold?
The property at 988 Otney Street was built in 1970 and last sold on May 20, 2021 for $273,000.
How much is this home worth?
The estimated value of the home located at 988 Otney Street is $0.
What are some comparable homes to 988 Otney Street?
There are currently no comparable homes to 988 Otney Street.
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