NOT LISTED FOR SALE

1405 Fourth St Jackson, MI 49203

Falling Waters Neighborhood

Estimated Value: $77,000 - $145,000

2 Beds
3 Baths
1,347 Sq Ft
$73/Sq Ft Est. Value

Last Sold June 11, 2021

Last sale price $50,000 $37 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $641/month

58 Days on Market

About This Home

As of June 2021

Great income producer! 3 units, fully rented. Owner pays expenses. Take a look!!

Last Agent to Sell the Property

Sharon Norton

RE/MAX MID-MICHIGAN R.E. License #6501286070 Listed on: 02/01/2021

RE/MAX MID-MICHIGAN R.E.

Last Buyer's Agent

Sharon Norton

RE/MAX MID-MICHIGAN R.E. License #6501286070 Listed on: 02/01/2021

RE/MAX MID-MICHIGAN R.E.

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $882

Year Built

  • Built in 1890

Lot Details

  • 5,227

Additional Features

  • 5,227 Sq Ft Lot
  • Forced Air Heating System

Community Details

  • Operating Expense $8,553
  • Gross Income $10,950
  • Net Operating Income $19,386

Listing and Financial Details

  • The owner pays for water, gas

Property Details

Home Type

Apartment

Est. Annual Taxes

$882

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1890
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • List Price: 55000.0
  • Lot Features: Sidewalk
  • Road Surface Type: Paved
  • Water Body Name: None
  • Waterfront: No

Utilities

  • Heating: Forced Air
  • Heating: Yes

Lot Info

  • Lot Size Acres: 0.12
  • Lot Size Area: 0.12
  • Lot Size Sq Ft: 5227.2

Rental Info

  • Owner Pays: Water, Gas

Multi Family

  • Gross Income: 10950.0
  • Net Operating Income: 19386.0
  • Operating Expense: 8553.0

Tax Info

  • Tax Annual Amount: 881.78

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2021
Closed on
Jun 11, 2021
Sold by
Hargrove Cynthia N
Bought by
Hargrove Cynthia N and Hargrove Elliott
Seller's Agent
Sharon Norton
RE/MAX MID-MICHIGAN R.E.
Buyer's Agent
Sharon Norton
RE/MAX MID-MICHIGAN R.E.
Sold Price
$50,000
Current Estimated Value
$97,809

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,809
Avg. Annual Appreciation
15.63%
Original Mortgage
$37,500
Outstanding Balance
$34,726
Interest Rate
4.49%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$63,083

Purchase Details

Closed on
Jan 6, 2016
Sold by
Atkinson William and Bratina Denise
Bought by
Atkinson William and Chmielewski Chris

Purchase Details

Closed on
Jun 24, 2014
Sold by
The Partlow Family Trust
Bought by
Atkinson William
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hargrove Cynthia N -- None Available
Hargrove Cynthia N $50,000 None Available
Atkinson William -- Attorney
Atkinson William $28,334 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hargrove Cynthia N $37,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/11/2021 06/11/21 Sold $50,000 -- $37 / Sq Ft
03/31/2021 03/31/21 Pending -- -- --
Source: MichRIC

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,619 $32,800 $0 $0
2024 $14 $28,300 $0 $0
2023 $1,344 $25,000 $0 $0
2022 $1,480 $21,400 $0 $0
2021 $962 $16,800 $0 $0
2020 $950 $15,050 $0 $0
2019 $924 $14,600 $0 $0
2018 $882 $13,650 $0 $0
2017 $808 $15,100 $0 $0
2016 $527 $15,300 $15,300 $0
2015 $728 $12,450 $12,450 $0
2014 $728 $15,050 $15,050 $0
2013 -- $15,050 $15,050 $0
Source: Public Records

Agents Affiliated with this Home

  • Sharon Norton

    Seller's Agent in 2021

    Sharon Norton

    RE/MAX Michigan

    (517) 789-9945

    4 in this area

    85 Total Sales

    Sharon Norton
    Section Image
See All Agents

Map

Source: MichRIC

MLS Number: 21034763

MichRIC

APN: 3-229300000

Michigan Jackson County Jackson 49203 Falling Waters

1405 Fourth St, Jackson, MI

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MichRIC Information is deemed reliable but not guaranteed.
Copyright 2025 MichRIC, LLC. All rights reserved.

Nearby Homes