NOT LISTED FOR SALE

508 W Franklin St Jackson, MI 49201

Under the Oaks Neighborhood

Estimated Value: $99,000 - $147,000

3 Beds
2 Baths
-- Sq Ft
3,049 Sq Ft Lot

Last Sold March 25, 2022

Last sale price $77,850

Est. 39% increase in value since last sale

Current estimated payment $793/month

73 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 March 2022

This is a well maintained duplex with 10 year old siding and roof. The utilities are split, so that the tenants pay for their own gas and electric. Cement drive is 5 years old. one water heater is a couple years old the other is 10. Electric was upgraded 5 years ago. Plumbing was upgraded 10 years ago. Very spacious 3 bed and 2 bed apartments!

Last Agent to Sell the Property

Jay Horsfall

Jackson Property Manager License #6502356714 Listed on: 01/26/2022

Last Buyer's Agent

Eric Ropp

C-21 Affiliated - Jackson License #6502395717

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $874

Year Built

  • Built in 1920

Lot Details

  • 3,049

Parking

  • 1 Parking Space

Additional Features

  • 3,049 Sq Ft Lot
  • Forced Air Heating System

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$874

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: 75000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved

Garage/Parking

  • Total Parking Spaces: 1.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Public Water, Public Sewer

Lot Info

  • Lot Size Acres: 0.07
  • Lot Size Area: 0.07
  • Lot Size Sq Ft: 3049.0
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 874.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2022
Closed on
Mar 30, 2022
Sold by
Drln Properties Llc I
Bought by
Hadley Cody and Hadley Angela
Seller's Agent
Jay Horsfall
Jackson Property Manager
Buyer's Agent
Eric Ropp
C-21 Affiliated - Jackson
Sold Price
$77,850
Current Estimated Value
$108,403

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,553
Avg. Annual Appreciation
9.07%

Purchase Details

Listed on
Jan 26, 2022
Closed on
Mar 23, 2022
Sold by
Drln Properties Llc I
Bought by
Hadley Cody and Hadley Angela
Seller's Agent
Jay Horsfall
Jackson Property Manager
Buyer's Agent
Eric Ropp
C-21 Affiliated - Jackson
Sold Price
$77,850

Purchase Details

Closed on
Oct 23, 2014
Sold by
Rhoads David E and Niethammer Leslee
Bought by
Drln Properties Llc I

Purchase Details

Closed on
Mar 24, 2004
Sold by
Smith Donald W and Smith Judy A
Bought by
Rhoads David E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,400
Interest Rate
5.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 3, 1998
Sold by
Smith Donald W and Smith Judy A
Bought by
Rhoads David E
Source: Public Records

Range of Values:

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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
Hadley Cody $77,850 --
Hadley Cody $77,850 --
Drln Properties Llc I -- None Available
Rhoads David E $45,000 --
Rhoads David E $45,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rhoads David E $57,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/25/2022 03/25/22 Sold $77,850 +3.8% --
01/26/2022 01/26/22 For Sale -- -- --
11/23/2021 11/23/21 Pending -- -- --
09/11/2021 09/11/21 For Sale $75,000 -- --
Source: Southwestern Michigan Association of REALTORS®

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 $2,327 $45,300 $0 $0
2024 $2,013 $34,600 $0 $0
2023 $1,932 $32,300 $0 $0
2022 $894 $27,100 $0 $0
2021 $885 $21,450 $0 $0
2020 $874 $19,350 $0 $0
2019 $850 $15,000 $0 $0
2018 $811 $14,400 $0 $0
2017 $743 $14,950 $0 $0
2016 $641 $14,900 $14,900 $0
2015 $940 $11,450 $11,450 $0
2014 $940 $15,150 $0 $0
2013 -- $15,150 $15,150 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    Jay Horsfall

    Jackson Property Manager

    (517) 812-1679

    3 in this area

    18 Total Sales

    Section Image
  • Eric Ropp

    Buyer's Agent in 2022

    Eric Ropp

    C-21 Affiliated - Jackson

    (517) 392-8508

    1 in this area

    167 Total Sales

    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21105333

Southwestern Michigan Association of REALTORS®

APN: 3-012300000

Michigan Jackson County Jackson 49201 Under the Oaks

508 W Franklin St, Jackson, MI

This home is located at 508 W Franklin St, Jackson, MI 49201 since 26 January 2022 and is currently estimated at $112,925. This property was built in 1920. 508 W Franklin St is a home located in Jackson County with nearby schools including Cascades School, Sharp Park Academy, and Middle School at Parkside.

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.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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