NOT LISTED FOR SALE

402 Third St Unit 404 Third Jackson, MI 49201

Under the Oaks Neighborhood

Estimated Value: $135,000 - $155,255

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

Sale Details

Date Sold: August 24, 2018

Last sale price $60,000

Est. 137% increase in value since last sale

Current estimated payment $935 / mo

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
  • Lot Dimensions are 131x48x131

Parking

  • Paved Parking

Home Design

  • Vinyl Siding

Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Space Heater
  • Heating System Uses Natural Gas

Listing and Financial Details

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

Community Details

Overview

  • 2 Units

Building Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,425

Year Built

Built in 1920

Lot Details

6,534 Sq Ft Lot

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1920
  • Driveway:Driveway: Paved
  • Mineral Rights:Mineral Rights: Unknown
  • Sewer:Sewer: Public Sewer
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 60000.0
  • Road Surface Type: Paved
  • Water Body Name: None
  • Waterfront Features: Other
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved

Utilities

  • Heating: Forced Air, Space Heater
  • Heating: Yes
  • Water Source: Public Water
  • Heat Source:Heat Source: Natural Gas
  • Heat Type:Heat Type: Forced Air, Space Heater

Lot Info

  • Lot Size Acres: 0.15
  • Lot Size Area: 0.15
  • Lot Dimensions: 131x48x131

Rental Info

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

Multi Family

  • Gross Income: 15120.0
  • Net Operating Income: 24660.0
  • Number of Units Total: 2
  • Operating Expense: 5580.0

Tax Info

  • Tax Annual Amount: 1425.22
  • Tax Year: 2018

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 21, 2020
Sold by
Bought by
Current Estimated Value
$142,064

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
$60,243

Purchase Details

Listed on
Jul 19, 2018
Closed on
Aug 17, 2018
Sold by
Bought by
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
11.65%
Original Mortgage
$45,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 13, 2014
Sold by
Bought by

Purchase Details

Closed on
Jun 5, 2012
Sold by
Bought by

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
Bought by

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
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$93,000 None Available
$60,000 Midstate Title Agency Llc
-- None Available
-- Heritage Title
$36,000 Heritage Title Agency
-- None Available
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $91,315
Previous Owner $45,000
Previous Owner $27,760
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,004 $62,500 $0 $0
2024 $20 $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

    53 Total Sales

    Shaney Gorrell
    Section Image
  • Keri Mizner

    Buyer's Agent in 2018

    Keri Mizner

    Your Premiere Properties LLC

    (517) 937-3553

    2 Total Sales

    Keri Mizner
    Section Image
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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

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MichRIC Information is deemed reliable but not guaranteed.
Copyright 2026 MichRIC, LLC. All rights reserved.

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