NOT LISTED FOR SALE

505 2nd St Unit 507 Second St Jackson, MI 49203

Under the Oaks Neighborhood

Estimated Value: $95,000 - $101,000

3 Beds
2 Baths
2,065 Sq Ft
$48/Sq Ft Est. Value

Last Sold December 07, 2020

Last sale price $42,000 $20 Per Sq Ft

Est. 134% increase in value since last sale

Current estimated payment $680/month

13 Days on Market

Highlights

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

About This Home

As of December 2020

505-507 Second St ~ Lower & Upper Duplex in the Historic District is City Certified. 2 Unit property has met all recent City Code Updates. Each unit has a private entrance, it's own furnace and hot water. Tenants pay gas and electric. Washer and dryer is included with both unit access. Tenants require a 24 Hour notice for showings.

Last Agent to Sell the Property

LINDA VERLIN

Guardhouse Rentals License #6501329318 Listed on: 09/30/2020

Co-Listed By

Dan Verlin

Guardhouse Rentals License #6501329323

Last Buyer's Agent

Doug Beiswanger

Coldwell Banker Beiswanger Realty Group License #6502425012

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1930

Lot Details

  • 1,742

Utilities

  • Forced Air Heating System
  • Space Heater

Additional Features

  • Basement Fills Entire Space Under The House
  • 1,742 Sq Ft Lot

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 $3,428
  • Net Operating Income $22,896

Property Details

Home Type

Apartment

Year Built

Built in 1930

Lot Details

1,742 Sq Ft Lot

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full

Exterior Features

  • List Price: 49900.0
  • Lot Features: Sidewalk
  • Road Surface Type: Paved
  • Water Body Name: None
  • Waterfront: No

Utilities

  • Heating: Forced Air, Space Heater
  • Heating: Yes
  • Water Source: Public Water

Lot Info

  • Lot Size Acres: 0.04
  • Lot Size Area: 0.04
  • Lot Dimensions: 37.50 x 55 ft

Rental Info

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

Multi Family

  • Net Operating Income: 22896.0
  • Number of Units Total: 2
  • Operating Expense: 3428.0

Tax Info

  • Tax Annual Amount: 1181.11
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2020
Closed on
Dec 7, 2020
Sold by
Mega Mountain Properties Llc
Bought by
Gaskill Gregory and Gaskill Linda
Seller's Agent
LINDA VERLIN
Guardhouse Rentals
Buyer's Agent
Doug Beiswanger
Coldwell Banker Beiswanger Realty Group
Sold Price
$42,000
Current Estimated Value
$98,246

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,246
Avg. Annual Appreciation
17.36%

Purchase Details

Listed on
Oct 14, 2019
Closed on
Mar 2, 2020
Sold by
Miho Chivas and Ho Jack
Bought by
Megan Mountain Properties Llc
Seller's Agent
Ben Latocki
Production Realty
Buyer's Agent
Megan Bender
Green Key Real Estate, LLC
Sold Price
$34,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.67%

Purchase Details

Closed on
Dec 11, 2019
Sold by
Jackson Pacific Partners Llc
Bought by
Miho Chivas and Ho Jack

Purchase Details

Closed on
Nov 8, 2018
Sold by
Axon Bruce W and Axon Rebecca J
Bought by
Jackson Pacific Partners Llc
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

Date Buyer Sale Price Title Company
Gaskill Gregory -- None Available
Megan Mountain Properties Llc $34,000 Midstate Title Agency Of
Miho Chivas -- None Available
Jackson Pacific Partners Llc $33,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/07/2020 12/07/20 Sold $42,000 +23.5% $20 / Sq Ft
10/13/2020 10/13/20 Pending -- -- --
02/21/2020 02/21/20 Sold $34,000 -- $16 / Sq Ft View Prior Sale
02/01/2020 02/01/20 Pending -- -- --
Source: MichRIC

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 $1,860 $47,500 $0 $0
2024 $16 $38,300 $0 $0
2023 $1,544 $35,700 $0 $0
2022 $1,700 $29,900 $0 $0
2021 $1,682 $23,800 $0 $0
2020 $1,187 $21,400 $0 $0
2019 $1,155 $16,450 $0 $0
2018 $829 $15,300 $0 $0
2017 $760 $15,900 $0 $0
2016 $655 $15,900 $15,900 $0
2015 $965 $11,700 $11,700 $0
2014 $965 $15,550 $15,550 $0
2013 -- $15,550 $15,550 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2020

    LINDA VERLIN

    Guardhouse Rentals

    (517) 262-2743

    1 in this area

    8 Total Sales

    LINDA VERLIN
    Section Image
  • Ben Latocki

    Seller's Agent in 2020

    Ben Latocki

    Production Realty

    (517) 812-0009

    1 in this area

    23 Total Sales

    Ben Latocki
    Section Image

  • D

    Seller Co-Listing Agent in 2020

    Dan Verlin

    Guardhouse Rentals

    Section Image
  • Doug Beiswanger

    Buyer's Agent in 2020

    Doug Beiswanger

    Coldwell Banker Beiswanger Realty Group

    (517) 914-9555

    7 in this area

    431 Total Sales

    Doug Beiswanger
    Section Image

  • M

    Buyer's Agent in 2020

    Megan Bender

    Green Key Real Estate, LLC

    Section Image
See All Agents

Map

Source: MichRIC

MLS Number: 21034536

MichRIC

APN: 3-000600000

Michigan Jackson County Jackson 49201 Under the Oaks

505 2nd St Unit 507 Second St, Jackson, MI

Not Listed for Sale

MultiFamily

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

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