NOT LISTED FOR SALE

402 Third St Unit 404 Third Jackson, MI 49201

Under the Oaks Neighborhood

Estimated Value: $142,000 - $149,787

4 Beds
2 Baths
-- Sq Ft
6,534 Sq Ft Lot

Last Sold August 24, 2018

Last sale price $60,000

Est. 144% increase in value since last sale

Current estimated payment $961/month

4 Days on Market

Highlights

  • Forced Air Heating System
  • Sharp Park Academy Rated A-
  • 2-minute walk to Under the Oaks

About This Home

As of August 2018

2018 City Certified Home!! 2 unit property upper/lower mirror image design. Each unit has a kitchen, living room, dining room, small fireplace alcove (fireplaces are decorative only), 2 bedrooms, 1 full bath, enclosed porch and separate basements with washer/dryer hookups in each. 2 car detached garage provides 1 bay for each unit as well as ample paved driveway parking. Small front and back yards provide enjoyable green space that is easily manageable. MANY updates in the last 12-24 months. Utilities are metered separately for each unit. Currently 100% tenant occupied and tenants would like to renew leases with new owner, but could also make a great owner occupied home where tenants rental payment covers the mortgage.

Last Agent to Sell the Property

Shaney Gorrell

Your Premiere Properties LLC License #6502432743 Listed on: 07/19/2018

Last Buyer's Agent

Keri Mizner

Your Premiere Properties LLC License #6501399261

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,425

Year Built

  • Built in 1920

Lot Details

  • 6,534 Sq Ft Lot

Utilities

  • Forced Air Heating System
  • Space Heater

Community Details

  • Operating Expense $5,580
  • Gross Income $15,120
  • Net Operating Income $24,660

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,425

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • List Price: 60000.0
  • Road Surface Type: Paved
  • Water Body Name: None
  • Waterfront: No

Utilities

  • Heating: Forced Air, Space Heater
  • Heating: Yes

Lot Info

  • Lot Size Acres: 0.15
  • Lot Size Area: 0.15
  • Lot Size Sq Ft: 6534.0

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 15120.0
  • Net Operating Income: 24660.0
  • Operating Expense: 5580.0

Tax Info

  • Tax Annual Amount: 1425.22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 21, 2020
Sold by
Ruhl Lester and Ruhl Carol
Bought by
Dixon Sara
Current Estimated Value
$146,447

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,315
Outstanding Balance
$81,821
Interest Rate
4.25%
Mortgage Type
FHA
Estimated Equity
$64,626

Purchase Details

Listed on
Jul 19, 2018
Closed on
Aug 17, 2018
Sold by
Bernstein Sarah
Bought by
Ruhl Lester and Ruhl Carol
Seller's Agent
Shaney Gorrell
Your Premiere Properties LLC
Buyer's Agent
Keri Mizner
Your Premiere Properties LLC
Sold Price
$60,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.93%
Original Mortgage
$45,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 13, 2014
Sold by
Bernstein Family Properties Llc
Bought by
Bernstein Sarah

Purchase Details

Closed on
Jun 5, 2012
Sold by
Bernstein Donald E and Bernstein Sarah
Bought by
Bernstein Family Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,760
Interest Rate
3.87%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 3, 2012
Sold by
Jf Secord Llc
Bought by
Secord Jill F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,760
Interest Rate
3.87%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 8, 2004
Sold by
Secord Jill F
Bought by
Jf Secord Llc
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
Dixon Sara $93,000 None Available
Ruhl Lester $60,000 Midstate Title Agency Llc
Bernstein Sarah -- None Available
Bernstein Family Properties Llc -- Heritage Title
Bernstein Donald E $36,000 Heritage Title Agency
Secord Jill F -- None Available
Jf Secord Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dixon Sara $91,315
Previous Owner Ruhl Lester $45,000
Previous Owner Bernstein Donald E $27,760
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/24/2018 08/24/18 Sold $60,000 -- --
07/23/2018 07/23/18 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 $2,326 $62,500 $0 $0
2024 $1,964 $52,200 $0 $0
2023 $1,887 $47,600 $0 $0
2022 $2,128 $39,300 $0 $0
2021 $2,113 $34,300 $0 $0
2020 $1,483 $30,900 $0 $0
2019 $1,937 $27,600 $0 $0
2018 $1,456 $26,350 $0 $0
2017 $1,334 $27,350 $0 $0
2016 $1,150 $27,300 $27,300 $0
2015 $1,687 $20,500 $20,500 $0
2014 $1,687 $27,200 $27,200 $0
2013 -- $27,200 $27,200 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2018

    Shaney Gorrell

    Your Premiere Properties LLC

    (517) 474-1298

    57 Total Sales

    Shaney Gorrell
    Section Image

  • K

    Buyer's Agent in 2018

    Keri Mizner

    Your Premiere Properties LLC

    (517) 937-3553

    2 Total Sales

    Keri Mizner
    Section Image
See All Agents

Map

Source: MichRIC

MLS Number: 21034716

MichRIC

APN: 3-018900000

Michigan Jackson County Jackson 49201 Under the Oaks

402 Third St Unit 404 Third, 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